New Interest Rates for HDFC Bank Fixed Deposits
HDFC Bank has announced new and revised interest rates for its existing Fixed Deposit schemes and will be applicable for all the new FD accounts opened from July 12, 2011. They have announced the new rates for the 1 year and 16 days tenure while the rest of the interest rates for the other duration remains the same as of May 12, 2011.
New Interest Rates
7 days to 90 days – 3.50% to 6.50%
91 days to 6 months 1 day – 6.75%
6 months 1 day to 6 months 16 days – 7.75%
6 months 17 days to 9 months 15 days – 7.25%
9 months 16 days to 7.75%
9 months 17 days to 1 year – 7.25%
1 year 1 day to 1 year 15 days – 8.25%
1 year 16 days – 9.25%
2 years 16 days – 9.25%
2 years 17 days to 3 years – 8.50%
3 years 1 day to 10 years – 8.25%
The only change that HDFC Bank implemented for the Fixed Deposit rate today is the 1 year 16 days deposit rate which they have increased to 9.25%. Add 0.5% from the above rates to get the senior citizen fixed deposit rates for the HDFC Bank deposits. The above rates is for the FDs booked for the amount of Rs. 15 lakhs and less. For above 15 lacs, the rates vary accordingly.
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