HDFC Bank Revises Rates On These Fixed Deposits

Officially, the HDFC Bank revises the rates on some of the fixed deposits. According to the HDFC Bank, the Non-withdrawable can not be closed before the terms expire. Premature withdrawal is going to be allowed in exceptional circumstances. From Monday, the HDFC Bank is revising the interest rates on the non-withdrawable fixed deposits (FD). The interest rates of the bank on the deposits are very effective. It has been claimed that the non-withdrawable FD does not give a premature withdrawal facility. Now read this article till the end because in this article we are going to share the latest FD rates. So read this article carefully to know about the clear information.

Fixed Deposits

According to the HDFC Bank’s official website. the interest rates on these deposits are very effective from 27th November 2023, Monday which means yesterday. The bank has officially revised the interest rates on the non-withdrawable defined deposits. It has been claimed that the non-withdrawable FD is not going to have any premature withdrawal facility either. The deposit is going to allow for the Non-Resident Category from now and also the minimum tenor for the NRE deposit is just for one year. It has been reported that HDFC Bank is offering a maximum return of 7.45% on the terms & conditions of one to two years and 7.2% on two to ten years. This has been reported after the latest revision.

If we take a look at the HDFC Bank non-withdrawal fixed deposit rates greater or equal to Rs. 2 crore, 1 Year to < 15 months- 7.45%, 15 months to < 18 months 7.45%, 18 months to < 21 months 7.45%, 21 months to 2 years 7.45%, 2 years 1 day to 3 years 7.2%, 3 years 1 day to 5 years 7.2%, and  5 years 1 day to 10 years 7.2%. If we look at the latest report of HDFC Bank FD Rates after the latest revision, the HDFC Bank is officially offering an interesting range from 3% to 7.20% to the general customers in the deposit which will mature in 7 days to 10 years. Continue reading.

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For the senior citizen, HDFC Bank is offering an interest rate of 3.5% to 7.75% on these deposits. It has been claimed that these rates are very effective from 1st October 2023. And on the other hand Yes Bank has hiked the interest rate of FD on the selected tenure for the deposits which are below Rs. 2 crore with the effect from 21st November 2023. The bank is not going to pay the interest on the principal amount of the deposits. The interest will be credited or it will paid up to the date of premature closure which is going to be recovered from the deposit.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging