The following FD interest rates are applicable on deposits below Rs. 2 crore are applicable with effect from June 6, 2019, according to the lender's portal.Įarlier in the day, the Reserve Bank of India's Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, unanimously lowered key lending rate or repo rate by 25 basis points or 0.25 per cent to 5.75 per cent. This is applicable with effect from 24th January, 2011. These interest rates on fixed deposits up to Rs. As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits, including sweep-in and partial closures, has been fixed by the Bank at the rate of 1 of the fixed deposit interest rate. In the same range of maturities, the bank pays interest at the rate of 4-7.90 per cent to senior citizens on FDs up to Rs. The bank pays slightly higher returns to senior citizen customers. HDFC Bank offers interest rates to the tune of 3.50-7.40 per cent to the general public on fixed deposit (FD) up to Rs. 5-year lock-in period for tax saving fixed deposit scheme. Private sector lender HDFC Bank offers fixed deposit maturities ranging from seven days to 10 years. 3 to 7.75 (including senior citizen FD rates) Lock-in Period.
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