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HDFC hikes interest on fixed deposits IG News

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HDFC Bank has revised interest rates on fixed deposits. These new interest rates are effective from February 3, 2024.

New interest rates

HDFC Bank offers interest rates of 4.75% to 7.40% for the general public and 5.25% to 7.90% for senior citizens.
Accordingly, the highest interest rates of 7.40% and 7.90% are available for tenures of less than one year to 15 months.

HDFC Fixed Deposit Interest Rate for Common Citizens

Fixed deposit days % interest rate (above 2 kroner to 5 kroner)
7-14 days 4.75%
15-29 days 4.75%
30-45 days 5.50%
46-60 days 5.75%
61-89 days 6.00%
In 90 days – 6 months 5.75%
6 months 1 day to 9 months 6.65%
In 9 months from 1 day to 1 year 6.75%
15 months to 18 months 7.05%
18 months to 21 months 7.05%
21 months to 2 years 7.05%
2 years 1 day to 3 years 7.00%
3 years 1 day to 5 years 7.00%
5 years 1 day to 10 years 7.00%

Interest rate for senior citizens

Pensioners will receive 50 basis points or 0.50% additional interest rate on fixed deposits. These interest rates are effective from February 3rd.

Under this new interest rate, senior citizens will get 7.90% interest for interest rates from 1 year to 15 months.
An interest rate of 7.75% is available for fixed deposit investments from 5 years 1 day to 10 years.

Fixed deposit interest rate

HDFC Bank offers fixed deposit rates ranging from 3% to 7.20% to common citizens for deposits of less than Rs 2 crore for 7 days to 10 years. These new interest rates, Oct. 1, 2023 with effect from

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