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HDFC Bank revises interest rates on FDs: Here’s what you need to know

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New Delhi :

Following in the footsteps of ICICI Bank and the State Bank of India, private lender HDFC Bank has altered its fixed deposit rates.

However, the rates on non-withdrawable fixed deposits for various tenures have been altered.

The revised rates went into effect on the first of this month and are only applicable to bulk FDs worth more than or equivalent to Rs 5 crore.

The increased prices apply to domestic nationals, NROs, and NREs, according to the HDFC Bank website.

The HDFC Bank is giving 4.70 percent interest on non-redeemable fixed deposits of Rs 5 crore to Rs 200 crore. This is suitable for terms ranging from three to ten years.

The lender, on the other hand, is offering 4.6 percent interest on the same amount for a two-year or less-than-three-year term.

Fixed depositors with HDFC Bank can earn 4.55 percent on terms ranging from one year to less than two years.

Those who have these fixed deposits for a period of more than 9 months but less than one year, on the other hand, will receive a 4.15 percent interest rate.

Furthermore, the bank will offer a 4% interest rate on deposits with terms of six months to nine months.

Those who have this amount in non-redeemable fixed deposits at HDFC Bank for a period of 91 days to less than six months would receive the lowest interest rate of 3.75 percent.

Non-withdrawal fixed deposits are not the same as conventional FDs.

According to the HDFC bank’s website, these FDs cannot be closed by the depositor before the term of the deposit expires — as the name implies.

However, in extraordinary circumstances, such as in the event of any directive from any judiciary/statutory and/or regulatory agencies cases or deceased claim settlement situations, the Bank may enable premature withdrawal of these deposits.

Check out the full chart on latest HDFC Ltd Fixed Deposit rates.

HDFC Ltd SPECIAL DEPOSITS (Fixed Rates Only) For Deposits upto Rs 2 Crore

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
33 Months5.95%6.00%6.05%6.15%6.15%
66 Months6.40%6.45%6.50%6.60%6.60%
99 Months6.50%6.55%6.60%6.70%6.70%

HDFC Ltd PREMIUM DEPOSITS (Fixed Rates Only) for Deposits upto Rs 2 Crore

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
18 Months5.50%5.55%5.60%5.70%5.70%
22 Months5.65%5.70%5.75%5.85%5.85%
30 Months5.70%5.75%5.80%5.90%5.90%
44 Months6.05%6.10%6.15%6.25%6.25%

 

HDFC Ltd PREMIUM DEPOSITS (Fixed Rates Only) for Deposits exceeding Rs 2 Crore upto Rs 5 Crore

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
18 Months5.15%5.20%5.25%5.35%5.35%
30 Months5.45%5.50%5.55%5.65%5.65%

HDFC Ltd REGULAR DEPOSITS (Fixed & Variable Rates) for Deposits upto Rs 2 Crore

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
24-35 Months5.55%5.60%5.65%5.75%5.75%
36-59 Months5.80%5.85%5.90%6.00%6.00%
60-83 Months6.20%6.25%6.30%6.40%6.40%
84-120 Months6.40%6.45%6.50%6.60%6.60%

HDFC Ltd REGULAR DEPOSITS (Fixed & Variable Rates) for Deposits exceeding Rs 2 Crore upto Rs 5 Crore

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
24-35 Months5.25%5.30%5.35%5.45%5.45%
36-59 Months5.65%5.70%5.75%5.85%5.85%
60-83 Months5.95%6.00%6.05%6.15%6.15%
84-120 Months6.05%6.10%6.15%6.25%6.25%

HDFC Ltd REGULAR DEPOSITS (Fixed & Variable Rates) for Deposits exceeding Rs 5 Crore upto Rs 10 Crore

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
24-35 Months5.25%5.30%5.35%5.45%5.45%
36-59 Months5.65%5.70%5.75%5.85%5.85%
60-83 Months5.85%5.90%5.95%6.05%6.05%
84-120 Months5.95%6.00%6.05%6.15%6.15%

HDFC Ltd REGULAR DEPOSITS (Fixed & Variable Rates) for Deposits exceeding Rs 10 Crore & below Rs 25 Crore

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
24-35 Months5.30%5.35%5.40%5.50%5.50%
36-59 Months5.70%5.75%5.80%5.90%5.90%
60-83 Months5.90%5.95%6.00%6.10%6.10%
84-120 Months6.00%6.05%6.10%6.20%6.20%

HDFC Ltd REGULAR DEPOSITS (Fixed & Variable Rates) for Deposits – Rs 25 Crore and above

PERIOD OF DEPOSITMonthlyQuarterlyHalf-YearlyAnnualCum.Int.
24-35 Months5.30%5.35%5.40%5.50%5.50%
36-59 Months5.60%5.65%5.70%5.80%5.80%
60-83 Months5.90%5.95%6.00%6.10%6.10%
84-120 Months6.00%6.05%6.10%6.20%6.20%

It must be noted that Senior Citizens (60 years+) will be eligible for an additional 0.25% p.a. on deposits upto Rs 2 Crore.

Additional ROI of 0.05% p.a. will be applicable on Individual deposits placed/renewed through our Online system and auto-renewed deposits.

For cumulative option, interest is compounded annually.

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