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HDFC Bank Offers 5.5% Interest On Fixed Deposit Of Up To 10 Years

HDFC Financial institution FD: HDFC Financial institution computes curiosity primarily based on the precise variety of days in a 12 months.

The nation’s largest personal sector lender, HDFC Financial institution, 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 stated on its web site hdfcbank.com. HDFC Financial institution presents minimal rate of interest of as much as 2.5 per cent on mounted deposit tenor of seven days to 14 days. HDFC Financial institution mounted deposit accounts will be opened by its prospects on-line or visiting any department, HDFC Financial institution stated. At present HDFC Financial institution is providing a premium of 0.25 per cent to senior residents. “An Further Premium of 0.25 per cent (over and above the prevailing premium of 0.50 per cent) shall be given to Senior Residents who want to e-book the Mounted Deposit lower than 5 crores for a tenure of 5 (5) years One Day to 10 Years, throughout particular deposit provide commencing from 18th Might’20 to 30th Jun’21,” HDFC Financial institution stated.

Listed here are the newest mounted deposit charges being provided by HDFC Financial institution:

Tenor Bucket Curiosity Fee (every year) Curiosity Fee For Senior Citizen Charges (every year)
7 – 14 days 2.50% 3.00%
15 – 29 days 2.50% 3.00%
30 – 45 days 3.00% 3.50%
46 – 60 days 3.00% 3.50%
61 – 90 days 3.00% 3.50%
91 days – 6 months 3.50% 4.00%
6 months 1 days – 9 months 4.40% 4.90%
1 12 months 1 day – 2 years 4.90% 5.40%
2 years 1 day – Three years 5.15% 5.65%
Three 12 months 1 day- 5 years 5.30% 5.80%
5 years 1 day – 10 years 5.50% 6.25%

Supply: HDFC Financial institution

HDFC Financial institution computes curiosity primarily based 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 primarily based 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 stated on its web site.

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