HDFC Bank, one of the private sector banks, has increased the interest rates on fixed deposits of less than 2 crores. According to the official website of the bank, the new interest rates will come into effect from January 24, 2023.
Bank will get the benefit of interest rate ranging from 3.00% to 7.00% to the common man and 3.50% to 7.75% to the senior citizen on tenure ranging from 7 days to 10 years. HDFC Bank At present, the common man will get the maximum interest rate of 7.00% and the senior citizen will get the benefit of 7.75% interest rate, for this he will have to deposit 5 years from one day to 10 years.
Getting this much interest rate
The bank offers an interest rate of 3% for deposits maturing in 7 to 29 days, 3.50% for deposits maturing in 30 to 45 days, 4.50% for deposits made between 46 and 6 months, 5.75% interest rate for deposits made between 6 months to 9 months, 6.00% interest rate for deposits maturing in 9 months, 1 day to 1 year, 6.60% for deposits maturing in 1 year to 15 months Rate of interest and offering the benefit of an interest rate of 7.00% on deposits maturing in 15 months to 10 years.
Additional interest rate benefit of 50 bps is being given to senior citizens on deposits ranging from 7 days to 5 years.