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HDFC hikes bulk FD rates

December 28, 2022

HDFC hikes bulk FD rates
The largest private sector lender HDFC Bank has hiked interest rates on bulk fixed deposits of more than ₹2 Cr to ₹5 Cr. As per the bank’s official website, the new rates are effective as of 27th December 2022.

Following the revision, the bank is currently providing standard interest rates on deposits maturing in 7 days to 10 years of 4.50% to 7.00% and 5.00% to 7.75% for senior citizens. The general public can get a maximum interest rate of 7% on bulk deposits that mature in 15 months to 2 years, while senior citizens can receive a maximum interest rate of 7.75% on deposits that mature in 5 years, 1 day to 10 years.

The bank is giving an interest rate of 4.50% on fixed deposits that mature in the next 7 to 29 days, and HDFC Bank is offering an interest rate of 5.25% on deposits that mature in the next 30 to 45 days. On deposits that mature in 46 to 60 days, HDFC Bank is giving an interest rate of 5.50%, and on deposits that mature in 61 to 89 days, the bank is offering an interest rate of 5.75%.

Deposits maturing in the next 90 days to 6 months will now earn 6.10% interest, and those maturing in the next 6 months, 1 day to 9 months, will now earn 6.35% interest. The bank is giving an interest rate of 6.50% on fixed deposits maturing in 9 months, 1 day to 1 year, and HDFC Bank is offering an interest rate of 6.75% on deposits maturing in 1 year to 15 months. On FDs maturing in 15 months to two years, HDFC Bank is giving an interest rate of 7.15%, while on those maturing in two years, one day, to ten years, the bank is offering an interest rate of 7.00%.

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