Fixed Deposit Rates Hike: FD rates have increased, know how much interest is now getting in HDFC Bank

Fixed Deposit Rates HDFC Bank : HDFC bank (HDFC Bank) Fixed deposit after a gap of two months (FD) interest rates have increased. bank fd rates (FD Rates) by up to 40 basis points and the new interest rates are effective from August 18, 2022. These rates are applicable for FD amount below Rs 2 crore.

Fixed Deposit Rates HDFC Bank

HDFC Bank Hikes FD Rates Latest Updates

HDFC bank (HDFC Bank) According to the U.S. website, there will now be an increase of 15 basis points from 5.35 percent to 5.50 percent in the tenure of one year to two years. Earnings of 5.50 per cent will continue for two years tenure from 1 day to 3 years. The bank has increased the interest rate from 5.70 percent earlier to 6.10 percent on tenures between one day and 5 years of 3 years.

Banks increased FD rates

Reserve Bank of India on 8 August 2022 (RBI) increased repo rates by 50 basis points. This is the third time since May 2022 that the central bank has hiked key rates. Bank FD rates since then (FD Rates) Which is good news for investors who have been earning at low interest rates for decades.

HDFC Bank Hikes FD Rates Senior Citizen will get more interest

HDFC bank (HDFC Bank) The interest rates on FDs with tenures of 5 to 10 years have been retained at 5.75 per cent. HDFC Bank on Fixed Deposits with tenures ranging from 3 years 1 day to 5 years (HDFC Bank) The highest is paying 6.10 percent interest. On the other hand, senior citizens will get 0.50 percent more and 6.60 percent interest.

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