Fixed Deposit: HDFC Bank has increased the interest rates on fixed deposits above Rs 2 crore to Rs 5 crore. And the new rates will be effective from 27 December 2022.
HDFC Bank Fixed Deposit: HDFC , the country’s largest private bank, has increased the interest rates on bulk fixed deposits of more than Rs 2 crore to Rs 5 crore. According to the official website of the bank, the new rates will be effective from December 27, 2022. After the revision, HDFC Bank is currently offering an interest rate of 4.50% to 7.00% on bulk FDs maturing in 7 days to 10 years and 5.00% to 7.75% for senior citizens . General public can get a maximum interest rate of 7% on FDs maturing in 15 months to 2 years, while senior citizens can get a maximum interest rate of 7.75% on FDs maturing in 5 years, 1 day to 10 years Huh.
Explain that only senior citizens and retired employees who are resident individuals and are at least 60 years of age are eligible for additional interest rates over and above the standard rates. For the benefit of senior citizens, HDFC Bank on its website mentions that “an additional premium of 0.25% (over and above the existing premium of 0.50%) will be given to senior citizens who wish to book FDs below Rs.5 crore .
From May 18, 20 to March 31, 2023 Special Deposit Offer for a period of 5 (five) years from one day to 10 years This special offer can be availed by Senior Citizens along with new Fixed Deposits booked during the above period Will also be applicable for renewal. This offer is not applicable to NRIs. HDFC Bank is offering 7.75% interest rate to senior citizens on FDs maturing in 5 years, 1 day to 10 years, which is 75 basis points higher than regular rates.
These are the interest rates
- The bank is offering an interest rate of 4.50% on FDs maturing in the next 7 to 29 days.
- HDFC Bank is offering an interest rate of 5.25% on FDs maturing in the next 30 to 45 days.
- HDFC Bank is offering an interest rate of 5.50% on FDs maturing in 46 to 60 days.
- The bank is offering an interest rate of 5.75% on FDs maturing in 61 to 89 days.
- 6.10% interest will now be given on FDs maturing in the next 90 days to 6 months.
- Those maturing in 1 day to 9 months will now get 6.35% interest.
- Offering an interest rate of 6.50% on fixed deposits maturing in 1 day to 1 year.
- HDFC Bank is offering an interest rate of 6.75% on deposits maturing in 1 year to 15 months.
- The bank is offering an interest rate of 7.15% on FDs maturing in 15 months to two years.
- The bank is offering an interest rate of 7.00% on maturing in two years, one day, ten years.
Terms and conditions
Regarding the terms and conditions applicable for premature withdrawal of Fixed Deposits, HDFC Bank says that in case of premature closure (sweep in / partial closure) of FDs booked in the above proposal 5 years or earlier , the rate of interest will be 1.00% lower than the contracted rate or the applicable base rate for the period the deposit remains with the bank, whichever is less. In case of premature closure of fixed deposits booked in the above offer (including sweep in / partial closure) after 5 years, the rate of interest will be 1.25% lower than the contracted rate or applicable for the period the deposit remains with the deposit .
