HDFC Bank has cut the interest rates of FDs maturing in one year and 2 years, the new rates have come into effect from November 13.
HDFC, the country’s largest private bank, has cut interest rates on select fixed deposits (FD). HDFC Bank has reduced the interest rates of FD maturing in one year and 2 years. There is no change in the interest rates on FD of the remaining tenure. The new rates come into effect from 13 November. Let us tell you that HDFC Bank also changed the FD interest rates in the month of October. The customers of the bank will now get 4.90% interest on FD of one year and 2 years. According to the new rates, now customers will get 2.5% interest on FDs maturing in 7 to 14 days and 15 to 29 days.
At the same time, HDFC will now give 3% interest on FDs of 30 to 45 days, 46 to 60 days and 61 to 90 days. According to the new rates, there will be 3.5% interest on FD maturing in 91 to 6 months and 4.4% on FD maturing in 6 months to 9 months and 9 months to 1 year. One-year and 2-year FDs will receive 4.9%, 5.15% on two-year to 3-year FDs, 5.30% on 3-year to 5-year term deposits and 5.50% on FDs maturing between 5 years and 10 years .
ICICI Bank is giving so much interest
Customers will get 2.5% interest on term deposits maturing within 7 to 29 days of ICICI Bank. At the same time, interest will be 3% on FDs maturing in 30 to 90 days, 3.5% on FDs maturing in 91 to 184 days, and 4.4% on FDs maturing within one year from 185 days. At the same time, FDs maturing in 1 year to 18 months will get 4.9% interest. At the same time, FDs maturing between 18 months and 2 years will get 5% interest. The bank now offers 5.15% interest on mid-term FDs of 2 to 3 years. At the same time, interest is getting 5.35% on FD of 3 to 5 years and 5.50% on FD of 3 to 10 years.
SBI is giving so much interest
SBI is giving 2.9% interest to customers on FDs maturing within seven to 45 days of the bank. At the same time, interest is getting 3.9% on FD maturing in 46 to 179 days, 4.4% on FD maturing in 180 to 210 days, and 4.4% on FD maturing within 211 days. Interest on FDs maturing from 1 year to 2 years gives 4.9% interest, 5.1% on FDs between 2 years and 3 years and 5.30% interest on mid term FDs from 3 years to 5 years. At the same time, 5.40% interest is being given on long term FD of 5 years to 10 years.
