highlights
HDFC Bank offers 7 days 10 years FD.
The bank has also introduced two special FD programs.
Customers can get more profit with this special FD.
Special Fixed Deposit of HDFC Bank: The country’s major banks have introduced special fixed-term deposits so that seniors and ordinary citizens can earn more interest compared to low interest rates. If you plan to invest in FDs at higher interest rates, you can invest in these FDs by investing in them and earning good interest rates. Let us know which banks offer these offers.
FD is not only a safe investment opportunity, but has also become a source of good returns. Banks have significantly increased interest rates on FD. Many banks also offer special FD models where the interest rate is higher than regular FDs. The HDFC Bank is one of them. The bank has two special term deposit plans (Bank FD) with limited duration and higher interest rates. The interest rate offered for both FDs is a better investment option for investors. At the same time, the bank announced that it would grant seniors an additional interest rate of 0.50 percent.
According to HDFC Bank’s website, interest is charged at 7.20% for a 35-month period and 7.25% for a 55-month period on Special Edition Fixed Deposit. The special thing about this FD is that 0.50 percent more interest is paid to seniors.
Also read this: FD or stocks, interest rates are over 9%, these banks’ time deposits are competing with mutual funds
HDFC Bank FD Interest Rates (Fixed Deposit Rate)
For these FD programs, HDFC Bank is now offering a 3% interest rate on FDs with a term of 7 to 29 days. 3.50 percent interest is paid on FDs with a term of 30 to 45 days, while 4.50 percent interest is paid on FDs between 46 days and less than six months. Likewise, the bank pays 5.75 percent interest on FDs with maturities of 6 months and one day to less than 9 months, while deposits with maturities of 9 months and one day and less than one year are charged 6 percent.
What will be the advantage with special FD?
Under this program, the bank offers an interest rate of 6.60 percent for term deposits with a term of one year to less than 15 months and a rate of 7.10 percent for FDs with a term of less than 15 months and 18 months as well 18 months to 2 years and 11 months Deposits of less than Rs. will be charged an interest rate of 7%. The bank has introduced a special edition FD with a term of 35 months, which offers a 7.20 percent interest rate and a 7.25 percent interest rate for a 4-year and 7-month term. Apart from this particular FD with a term of 55 months, the bank pays 7% interest on other FDs.
,
Tags: Bank FD, FD prices, fixed deposits, HDFC, HDFC bank
FIRST RELEASED : June 03, 2023
