HDFC Bank, the largest private bank in the country, has raised the interest rates on big Fixed Deposits (FDs).
FDs above Rs 2 crore and up to Rs 5 crore are known as bulk FDs. HDFC Bank is now offering bulk FDs with durations ranging from 7 days to 10 years.
These new interest rates came into effect from February 3, 2024. Notably, the bank has increased the interest rates specifically for FDs with a tenure of one year to 15 months.
Investors will receive a 7.40 percent interest rate on FDs with a duration of one year to 15 months, while senior citizens will get a higher rate of 7.90 percent.
Here are the interest rates for bulk FDs ranging from Rs 2 crore to Rs 5 crore in HDFC Bank
7 days to 14 days: For the general public – 4.75 percent; For senior citizens – 5.25 percent
15 days to 29 days: For the general public – 4.75 percent; For senior citizens – 5.25 percent
30 days to 45 days: For the general public – 5.50 percent; For senior citizens – 6 percent
46 days to 60 days: For the general public – 5.75 percent; For senior citizens – 6.25 percent
61 days to 89 days: For the general public – 6 percent; For senior citizens – 6.50 percent
90 days to 6 months: For the general public – 6.50 percent; For senior citizens – 7 percent
6 months 1 day to less than 9 months: For the general public – 6.65 percent; For senior citizens – 7.15 percent
9 months 1 day to less than 1 year: For the general public – 6.75 percent; For senior citizens – 7.15 percent
1 year to less than 15 months: For the general public – 7.40 percent; For senior citizens – 7.90 percent
15 months to less than 18 months: For the general public – 7.05 percent; For senior citizens – 7.55 percent
18 months 1 day to less than 21 months: For the general public – 7.05 percent; For senior citizens – 7.55 percent
21 months to 2 years: For the general public – 7.05 percent; For senior citizens – 7.55 percent
2 years to three years: For the general public – 7.00 percent; For senior citizens – 7.50 percent
3 years to 5 years: For the general public – 7.00 percent; For senior citizens – 7.50 percent
5 years to 10 years: For the general public – 7.00 percent; For senior citizens – 7.50 percent
