Inflation is increasing continuously in the country. In such a situation, bank people are giving big relief.
After SBI and ICICI Bank, private sector leader HDFC Bank has given the gift of Holi to the customers.
Let us know that the interest rate has been changed by HDFC Bank. Earlier, SBI and ICICI had increased the interest rates, giving good news to the customers.
The same new rates will be effective from March 1, 2022. But only a few special people will get the benefit of these rates.
Actually, let us tell you that HDFC has changed the rates of non-withdrawable FDs. The new rates will be applicable only on FDs with an amount of Rs 5 crore or more. Apart from bank customers living in India, NRO and NRE will also get the benefit of this.
In normal FD, there is an option to withdraw money before maturity. But non-withdrawal FDs do not have the option of premature withdrawal (before maturity). Do you know from this move of the same bank the new rates and how much has changed?
3 to 10 years limit
According to the information given by HDFC Bank, 4.7% interest will be available on FDs ranging from Rs 5 crore to Rs 200 crore. Its limit is for 3 to 10 years. FDs of more than 2 years and less than 3 years will earn an interest of 4.6%.
No change on less than 5 crores
An investor will get an interest of 4.55 percent on FD of less than one year to two years. FDs of 9 months or more and less than one year will get 4.15% interest. There is no change in the interest rate on fixed deposits of less than Rs 5 crore.
