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HDFC Bank Offers 5.5% Interest On Fixed Deposit Of Up To 10 Years. Check Latest Rates Here

HDFC Bank FD: HDFC Bank computes curiosity based mostly on the precise variety of days in a 12 months.

The nation’s largest non-public sector lender, HDFC Bank, presents 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 presents 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 will 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 most recent mounted deposit charges being provided by HDFC Bank:

Tenor BucketInterest Rate (every year)Interest Rate For Senior Citizen Rates (every year)
7 – 14 days2.50%3.00%
15 – 29 days2.50%3.00%
30 – 45 days3.00%3.50%
46 – 60 days3.00%3.50%
61 – 90 days3.00%3.50%
91 days – 6 months3.50%4.00%
6 months 1 days – 9 months4.40%4.90%
1 12 months 1 day – 2 years4.90%5.40%
2 years 1 day – Three years5.15%5.65%
Three 12 months 1 day- 5 years5.30%5.80%
5 years 1 day – 10 years5.50%6.25%

Source: HDFC Bank

HDFC Bank computes curiosity based mostly on the precise variety of days in a 12 months. In case, the Deposit is unfold over a leap and a non-leap 12 months, the curiosity is calculated based mostly on the variety of days i.e.,366 days in a intercalary year & 365 days in a non-leap 12 months. The interval of mounted deposit is calculated in variety of days, the Mumbai-based lender mentioned on its web site.

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