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HDFC Bank Raises Fixed Deposit Interest Rates Twice in a Week; See the Latest HDFC Bank Fixed Deposit Rates

HDFC Bank Raises Fixed Deposit Interest Rates: India’s largest private sector lender, HDFC Bank, has raised fixed deposit interest rates for the second time in a week. The HDFC Bank FD rate increase is only for deposits under Rs 2 crore.

According to the lender’s website, the new HDFC Bank fixed deposit interest rates have already taken effect. This has been carried out in a variety of tenors. On HDFC Bank fixed deposits, senior persons would receive a higher rate of interest.

The HDFC Bank FD interest rates went into effect on Friday, June 17th. This is a direct outcome of the RBI’s 50-basis-point hike in repo rates. HDFC Bank FD rates have increased by 25 basis points from 2.50 % to 2.75 % for tenures of 7 to 29 days, after the lender’s latest boost.

The interest rate on fixed deposits with maturities of 30 to 90 days has been raised by 25 basis points, from 3% to 3.25 %. Interest rates on deposits maturing in 91 days to 6 months were increased by 25 basis points, from 3.25 % to 3.75 %. HDFC Bank said on its website that deposits maturing in other tenures have also seen a 10 to 25 basis point increase.

Only Senior Citizens / Retired Personnel who are Resident Indians (60 years and older) are eligible. The special rates apply solely to resident deposits, according to the HDFC Bank’s website. The HDFC Bank FD interest rate boost is solely for domestic, NRO, and NRE accounts, according to the bank’s website.

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15 to 29 days: 2.75 % for the general public; 3.25 % for senior citizens

30 to 45 days: 3.25 percent for the general public; 3.75 percent for senior citizens

From 46 to 60 days: 3.25 % for the general public; 3.75 % for senior citizens

3.25 % for the general public; 3.75 % for senior citizens from 61 to 90 days

From 91 to 120 days: 3.75 % for the general public; 4.25 % for senior citizens.

6 month period From 1 to 9 months: 4.65% for the general public; 5.15 % for senior citizens.

9 months 1 day to less than a year: 4.65 % for the general public; 5.15 % for senior citizens

1 year: 5.35 % for the general public; 5.85% for senior citizens

1 year 1 day to 2 years: 5.35% for the general public; 5.85% for senior citizens

2 years 1 day to 3 years: 5.50% for the general public; 6.00% for senior citizens

3 years 1 day to 5 years: 5.70% for the general public; 6.20% for senior citizens

5 years 1 day to 10 years: 5.75% for the general public; 6.50% for senior citizens

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