New Delhi:
HDFC Bank has recently announced an increase in interest rates on bulk Fixed Deposits (FDs), targeting amounts above Rs 2 crore and up to Rs 5 crore. These bulk FDs, available for durations ranging from 7 days to 10 years, come into effect from February 3, 2024.
Notably, the latest rate hike is focused on FDs with a tenure of one year to 15 months, offering an enticing 7.40 percent interest.
Senior citizens, meanwhile, stand to benefit even more, receiving an impressive 7.90 percent interest on this FD category.
Interest Rates on Bulk FDs (Rs 2 Crore to Rs 5 Crore) in HDFC Bank
7 days to 14 days: General Public – 4.75 percent; Senior Citizens – 5.25 percent
- 15 days to 29 days: General Public – 4.75 percent; Senior Citizens – 5.25 percent
- 30 days to 45 days: General Public – 5.50 percent; Senior Citizens – 6 percent
- 46 days to 60 days: General Public – 5.75 percent; Senior Citizens – 6.25 percent
61 days to 89 days: General Public – 6 percent; Senior Citizens – 6.50 percent
90 days to 6 months: General Public – 6.50 percent; Senior Citizens – 7 percent
- 6 months 1 day to less than 9 months: General Public – 6.65 percent; Senior Citizens – 7.15 percent
- 9 months 1 day to less than 1 year: General Public – 6.75 percent; Senior Citizens – 7.15 percent
- 1 year to less than 15 months: General Public – 7.40 percent; Senior Citizens – 7.90 percent
15 months to less than 18 months: General Public – 7.05 percent; Senior Citizens – 7.55 percent
18 months 1 day to less than 21 months: General Public – 7.05 percent; Senior Citizens – 7.55 percent
- 21 months to 2 years: General Public – 7.05 percent; Senior Citizens – 7.55 percent
- 2 years to three years: General Public – 7.00 percent; Senior Citizens – 7.50 percent
- 3 years to 5 years: General Public – 7.00 percent; Senior Citizens – 7.50 percent
5 years to 10 years: General Public – 7.00 percent; Senior Citizens – 7.50 percent
HDFC Bank continues to provide attractive opportunities for investors seeking stable and lucrative fixed deposit options.
