HDFC Bank increased the interest rate, from November 27, interest rate up to 7.45% will be available on fixed deposits.
Increase in interest rates
Fixed deposit interest rates have been increased by HDFC Bank. According to the information received from the official website of the bank, new interest rates have been implemented by the bank. It has been told that the new interest rates have come into effect from 27 November 2023. The bank has increased the interest rates on non-withdrawable fixed deposits.
Non-resident category customers will also be allowed to invest in such fixed deposits. The minimum tenure for NRE deposit will be 1 year.
How much interest rate is being received?
After the implementation of the new rates, HDFC Bank will offer loans to customers on tenure of one to two years. Getting the benefit of 7.45% interest rates. At the same time, customers are being given the benefit of interest rates up to 7.2% on tenure ranging from two years to 10 years.
The bank is offering 7.45% interest rate to customers on tenure from 21 months to 2 years, 7.2% interest rate on tenure from 2 years 1 day to 3 years, 7.2% interest rate on tenure from 3 years 1 day to 5 years and 5. The benefit of 7.2% interest rate is available on tenure from 1 day to 10 years.
