HDFC Bank has revised its rates of interest on financial savings financial institution accounts. As per the revised price, efficient from April 6, 2022, HDFC Bank is providing a 3% annual rate of interest on financial savings accounts with balances underneath ₹50 lakh. The price of curiosity for financial savings financial institution deposit accounts can be 3.50% on financial savings balances of greater than ₹50 lakh.
HDFC Bank financial savings account rates of interest
Effective sixth April 2022, the Rate of Interest for Savings Bank deposits Accounts has been revised as under :
Less than Rs. 50 Lakh- 3.00%
Of and above ₹50 Lakh-3.50%
The following are the charges of curiosity on financial savings financial institution accounts, together with home, NRO, and NRE deposits, as of April 6, 2022, the lender talked about on its web site. Savings Bank curiosity can be calculated primarily based on the day by day balances in your account and paid by the financial institution at quarterly intervals.
HDFC Bank hikes FD rates of interest
HDFC Bank has additionally elevated the rate of interest on mounted deposits of lower than ₹2 crore that matures in a single 12 months to 2 years. The new charges are with impact from 6 April 2022. After the most recent hike, the financial institution provides an rate of interest starting from 2.5% to five.6% on deposits maturing in 7 days to 10 years.
Meanwhile, Punjab National Bank (PNB) has slashed the rate of interest on financial savings accounts for balances under ₹10 lakh to 2.70 %. The financial institution has additionally lowered the rates of interest on financial savings accounts with balances of greater than ₹10 lakh to 2.75% with impact from 4 April.
Subscribe to Mint Newsletters
* Enter a legitimate electronic mail
* Thank you for subscribing to our e-newsletter.
Download
the App to get 14 days of limitless entry to Mint Premium completely free!
