HDFC Bank FD Rates Increased: There is good news for the customers of HDFC Bank because the bank has increased the interest rates of its fixed deposits. These new increased rates have also come into effect from today. Under this, customers making FD in HDFC Bank have got the gift of excellent interest rates up to 7.75 percent.

Bank increased interest on FD less than Rs 2 crore

HDFC Bank is offering increased interest rates to those customers who are making FD of less than Rs 2 crore. HDFC Bank has increased its FD rates by 0.25 percent or 25 basis points. These new rates have become effective from today 9 February 2024 and HDFC Bank has posted this information on its website.

Know on which tenure the depositors are getting maximum interest

A maximum interest of 7.25 percent is being given to general investors on fixed deposits ranging from 18 months to 21 months. For the same period, senior citizens are being given interest of 7.75 percent.

Maximum interest to senior citizens even on FDs ranging from 5 years, 1 day to 10 years
On FDs ranging from 5 years, 1 day to 10 years, general investors are getting a maximum interest of up to 7 percent and senior citizens are being given 7.75 percent interest for the same tenure.

See here- how much interest will you get on which tenure?

Depositors can get FD from 7 days to 10 years

According to the bank’s website, depositors deposit money in this bank at different interest rates for a period ranging from 7 days to 10 years. HDFC Bank is offering interest ranging from 3.5 percent to 7.75 percent on FDs of 7 days to 10 years. The bank has increased the interest rates on FDs of tenure between 18 months to less than 21 months by 25 basis points. It has been increased from 7 percent to 7.25 percent (for general investors).

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Unity Small Finance Bank (SFB) has changed its interest rates on fixed deposit schemes with investment amount less than Rs 2 crore. According to the bank, the bank is paying 4.50% to 9% interest rate on FDs with maturity ranging from 7 days to 10 years. At the same time, 9% interest is being given to ordinary citizens on FD of 1001 days and it has been announced to give interest up to 9.50% to senior citizens.

New interest rates of Unity Small Finance Bank
Unity Small Finance Bank has implemented new interest rates on fixed deposits from June 14, 2023. According to the bank, 4.50% interest rate is being given on FDs maturing in 7 to 14 days and 4.75% interest rate on FDs maturing in 15 to 45 days. Unity Bank is offering 5.25% interest rate on FDs maturing in 46 to 60 days and 5.50% interest rate on FDs maturing in 61 to 90 days.

• FDs maturing between 91 and 6 months will now get 5.75% interest.
• 8.75% interest will be given on FDs with maturity between 6 months and 201 days.
• Paying 6.75% interest rate on FDs maturing in 202-364 days.
• 7.35% interest rate is being given on FDs maturing in 1 year to 500 days.
• An annual interest rate of 8.75% is being given on 501 days FD.
• Interest will be given at the annual rate of 7.35% on FD of 502 days to 18 months.
• Paying interest at the rate of 7.40% on FDs maturing in 18 months to 1000 days.
• On doing this in 1001 days, interest is being given at the rate of 9%.
• 7.65% interest rate is being given on FDs maturing in 1002 days to 3 years.
• 8.25% interest is being given on FD from 3 years to 5 years.
• 7.00% interest rate is being given on EFI maturing in 5 years to 10 years.

FD Interest Rates for Senior Citizens

Unity Small Finance Bank (SFB) (Unity Bank FD Rates) offers senior citizen customers 0.50% higher rate of interest on FD investment than normal customers. For senior citizens, interest rate ranging from 4.5% to 9.50% is being given on FDs with tenure between 7 days to 10 years.

Penalty on FD Premature

Withdrawal Unity Small Finance Bank (SFB) charges a penalty of 1.00% for premature withdrawal of Fixed Deposits and Recurring Deposits.

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The new rates have come into effect from today, February 10, 2023. Kotak Bank is offering FDs ranging from 7 days to 10 years to its customers. It is offering interest ranging from 2.75 per cent to 7.50 per cent to general customers and senior citizens. At the same time, 7.50 percent interest is being given to senior citizens.

These are the new rates of Kotak Bank

7 days to 14 days – For general public: 2.75 per cent; For Senior Citizen: 3.25 percent

15 days to 30 days – For general public: 3.00 per cent; For Senior Citizen: 3.50 percent

31 days to 45 days – For general public: 3.25 per cent; For Senior Citizen: 3.75 percent

46 days to 90 days – For general public: 3.50 per cent; For Senior Citizen: 4.00 percent

91 days to 120 days – For general public: 4.00 per cent; For Senior Citizen: 4.50 percent

121 days to 179 days – For general public: 4.25 per cent; For Senior Citizen: 4.75 percent

180 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent

181 days to 269 days – For the general public: 6 percent; For Senior Citizen: 6.50 percent

270 days – For general public: 6 percent; For Senior Citizen: 6.50 percent

271 days to 363 days – For general public: 6 percent; For Senior Citizen: 6.50 percent

364 days – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

365 days to 389 days – For general public: 6.90 per cent; For Senior Citizen: 7.40 percent

390 days (12 months 25 days) – For general public: 7 percent; For Senior Citizen: 7.50 percent

391 days to less than 23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months 1 day to less than 2 years – For general public: 7.10 per cent; For Senior Citizen: 7.60 percent

2 years to less than 3 years – For general public: 6.75 per cent; For Senior Citizen: 7.25 percent

3 years and above but less than 4 years – For general public: 6.50 per cent; For Senior Citizen: 7 percent

4 years and above but less than 5 years – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

5 years and above and up to and including 10 years – For general public: 6.20 per cent; For Senior Citizen: 6.70 percent.

Interest on FD increased after RBI increased repo rate

The Reserve Bank of India (RBI) in the Monetary Policy Committee ( MPC ) increased the repo rate by 25 basis points to 6.50 percent. To curb inflation, RBI has been increasing the repo rate since May. Due to this, most of the banks in India are increasing the interest rates on Fixed Deposit.

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