Report Wire

Tag: hdfc bank bulk fd rates

  • HDFC Bank revises bulk FD expenses, now offering as a lot as 7.25% on this tenure

    India’s largest personal sector lender HDFC Bank has revised its charges of curiosity on bulk mounted deposits (FDs) of ₹2 Cr to decrease than ₹5 Cr. Following the modification, the monetary establishment is at current offering charges of curiosity on deposit tenors of seven days to 10 years that fluctuate from 4.75% to 7.00% for most individuals and 5.25% to 7.75% for aged folks. The most charge of curiosity for deposits maturing in 1 12 months to fifteen months is at current 7.75% for senior residents and 7.25% for regular shoppers. As per the official website of HDFC Bank the model new bulk FD expenses are environment friendly as of twenty seventh May, 2023.

    HDFC Bank Bulk FD Rates

    On bulk deposits maturing in 7 to 29 days, the monetary establishment is now offering an charge of curiosity of 4.75% and on these maturing in 30 – 45 days, HDFC Bank is now promising an charge of curiosity of 5.50%. HDFC Bank is now promising an charge of curiosity of 5.75% on a deposit tenure of 46 – 60 days and an charge of curiosity of 6.00% on a deposit tenure of 61 – 89 days.

    Deposits maturing in 90 days to 6 months will fetch an charge of curiosity of 6.50% and other people maturing in 6 months 1 day to 9 months will fetch an charge of curiosity of 6.65%. The monetary establishment will give an charge of curiosity of 6.75% on mounted deposits maturing in 9 months, 1 day to 1 12 months, whereas HDFC Bank will provide an charge of curiosity of seven.25% on deposits maturing in 1 12 months to fifteen months. For deposits that mature between 15 months to 2 years, HDFC Bank will give an charge of curiosity of seven.05%, and for deposits maturing in two years, sometime to 10 years, the speed of curiosity will in all probability be 7.00%.

    View Full Image

    HDFC Bank Bulk FD Rates (hdfcbank.com)

    On mounted deposit tenure of seven days to 5 years, senior residents will get an additional charge of curiosity of fifty bps or 0.50% elevated than the standard expenses, nonetheless on tenors of 5 years to 10 years, an additional premium of 0.25% over and above the current premium of 0.50% shall be given to senior residents taking the complete further charge of curiosity revenue to 0.75% or 75 bps elevated than the standard expenses.

    “An Additional Premium of 0.25% (over and above the current premium of 0.50%) shall be given to Senior Citizens who wish to e-book the Fixed Deposit decrease than 5 crores for a tenure of 5 (5) years One Day to 10 Years, all through explicit deposit provide commencing from 18th May’20 to seventh July’2023. This explicit provide will in all probability be related to new Fixed Deposit booked along with for the Renewals, by Senior Citizens by the above interval. This provide won’t be related to Non-Resident Indian,” talked about HDFC Bank on its website.

     

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
    Download The Mint News App to get Daily Market Updates.

    More
    Less

    Updated: 28 May 2023, 02:07 PM IST

    Topics

  • HDFC Bank hikes bulk FD charges, earn as much as 7.15% for 15 months to 2 years tenor

    India’s largest non-public sector lender HDFC Bank has hiked its rates of interest on bulk mounted deposits (FDs) of ₹greater than 2 Crore to ₹5 Crores. This announcement by HDFC Bank got here consistent with RBI’s repo price hike by 25 foundation factors to six.50 p.c on February 8. Following the announcement, HDFC Bank is now offering rates of interest on deposits with phrases starting from 7 days to 10 years that vary from 4.75% to 7.00% for most people and 5.25% to 7.75% for senior residents. As per the official web site of HDFC Bank, the newest FD charges are efficient as of seventeenth February 2023.

    HDFC Bank Bulk FD Rates

    The financial institution is now providing an rate of interest of 4.75% on bulk mounted deposits that mature in 7 to 29 days, whereas HDFC Bank is now offering an rate of interest of 5.50% on bulk mounted deposits that mature in 30 to 45 days. As of proper now, HDFC Bank is offering rates of interest of 5.75% for deposits held for 46 to 60 days and 6.00% for deposits held for 61 to 89 days.

    Deposits maturing in 90 days to six months now earn 6.50% curiosity, whereas these maturing in 6 months, 1 day to 9 months now earn 6.65% curiosity. On bulk mounted deposits maturing 9 months 1 day to 1 Year, the financial institution is providing an rate of interest of 6.75% and on these maturing in 1 yr to fifteen months, HDFC Bank will now supply an rate of interest of seven.00%.

    HDFC Bank will now supply an rate of interest of seven.15% on a deposit tenor of 15 months to 2 years and an rate of interest of seven.00% on a deposit tenor of two years 1 day to 10 years.

    View Full Image

    HDFC Bank Bulk FD Rates (hdfcbank.com)

    Senior residents will get an extra rate of interest of 0.50% over and above the common charges on bulk mounted deposits of HDFC Bank maturing in 7 days to five years. Only senior residents and retired workers who’re Indian residents and not less than 60 years outdated are eligible for extra rate of interest advantages.

    During a particular deposit supply or Senior Citizen Care FD of HDFC Bank that runs from May 18, 2020 to March 31, 2023, senior residents who wish to guide a hard and fast deposit for lower than Rs. 5 crore for a time period of 5 years and 1 day to 10 years will obtain an extra premium of 0.25% over and above of the present premium of 0.50%.

    Senior Citizens who guide new mounted deposits or renew present ones throughout the aforementioned interval will probably be eligible for this particular supply; Non-Resident Indians will not be eligible for this supply. Hence, on bulk mounted deposits of lower than ₹5 Cr maturing in 5 years to 10 years, senior residents will get an rate of interest of seven.75% which is 75 bps larger than the usual charges relevant beneath the Senior Citizen Care FD.

    Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
    Download The Mint News App to get Daily Market Updates.

    More
    Less

    Topics