The nation’s largest non-public sector lender, HDFC Bank, gives most rate of interest of as much as 5.5 per cent on mounted deposit of as much as Rs 2 crore for tenure of as much as 10 years, the financial institution mentioned on its web site hdfcbank.com. HDFC Bank gives minimal rate of interest of as much as 2.5 per cent on mounted deposit tenor of seven days to 14 days. HDFC Bank mounted deposit accounts could be opened by its prospects on-line or visiting any department, HDFC Bank mentioned. Currently HDFC Bank is providing a premium of 0.25 per cent to senior residents. “An Additional Premium of 0.25 per cent (over and above the existing premium of 0.50 per cent) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to 30th Jun’21,” HDFC Bank mentioned.
Here are the newest mounted deposit charges being supplied by HDFC Bank:
|Tenor Bucket||Interest Rate (each year)||Interest Rate For Senior Citizen Rates (each year)|
|7 – 14 days||2.50%||3.00%|
|15 – 29 days||2.50%||3.00%|
|30 – 45 days||3.00%||3.50%|
|46 – 60 days||3.00%||3.50%|
|61 – 90 days||3.00%||3.50%|
|91 days – 6 months||3.50%||4.00%|
|6 months 1 days – 9 months||4.40%||4.90%|
|1 yr 1 day – 2 years||4.90%||5.40%|
|2 years 1 day – Three years||5.15%||5.65%|
|Three yr 1 day- 5 years||5.30%||5.80%|
|5 years 1 day – 10 years||5.50%||6.25%|
Source: HDFC Bank
HDFC Bank computes curiosity primarily based on the precise variety of days in a yr. In case, the Deposit is unfold over a leap and a non-leap yr, the curiosity is calculated primarily based on the variety of days i.e.,366 days in a bissextile year & 365 days in a non-leap yr. The interval of mounted deposit is calculated in variety of days, the Mumbai-based lender mentioned on its web site.