HDFC Bank hikes mounted deposit (FD) rates of interest, second time this month

HDFC Bank has hiked rates of interest on mounted deposits (FDs) efficient as we speak, 26 October 2022. This is the second hike on time period deposits by the lender this month. These charges are relevant for deposit quantities lower than ₹2 crore. HDFC Bank has hiked FD rates of interest by as much as 50 foundation factors (bps). After as we speak’s hike, HDFC Bank is providing an rate of interest starting from 3% to six.25% on deposits maturing in 7 days to 10 years to normal clients.

Senior residents will obtain an extra rate of interest of fifty bps over and above these supplied to normal clients. After as we speak’s hike, senior residents will get an rate of interest starting from 3.5% to six.95%*on FDs with tenure 7 days to 10 years.

HDFC Bank hikes FD charges efficient 26 October

7 – 14 days 3.00%

15 – 29 days 3.00%

30 – 45 days 3.50%

46 – 60 days 4.00%

61 – 89 days 4.50%

90 days < = 6 months 4.50%

6 months 1 days <= 9 months 5.25%

9 months 1 day to < 1 Year 5.50%

1 Year to fifteen months 6.10%

15 months to < 18 months 6.15%

18months to < 21months 6.15%

21 months to 2 years 6.15%

2 years 1 day – 3 years 6.25%

3 Year 1day to five years 6.25%

5 Year 1 day to 10 years 6.20%

HDFC Bank revises RD rates of interest

HDFC Bank has additionally revised rates of interest on recurring deposits beginning as we speak (26 October). The financial institution will now supply 4.50 % to six.25 % rates of interest on RDs with tenures starting from 6 months to 120 months for most of the people.

The State Bank of India (SBI) hiked mounted deposit rates of interest for under ₹2 crore with impact from October 22.

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