HDFC Bank Special FDs! Investors usually turn to Fixed Deposits (FD) for safe returns. In the last few months, private and government banks have also increased FD interest rates.
At the same time, some big banks are launching special FDs to attract investors. In this episode, HDFC Bank has started 2 special FDs. According to the information given on the bank’s website, this offer is for a limited period.
Interest up to 7.75%
It has been told on the website that this FD will get interest at the rate of 7.20% for a period of 35 months and at the rate of 7.25% for a period of 55 months. At the same time, 0.50% additional interest will be given to senior citizens. This means that senior citizens will be able to get an interest rate of 7.70% on FD for a period of 35 months. At the same time, it will reach 7.75% for a period of 55 months.
HDFC Bank FD Interest Rates
HDFC Bank is offering 3% interest rate on FDs maturing between 7 to 29 days. An interest rate of 3.50% is being given on deposits maturing between 30 to 45 days, while an interest rate of 4.50% is being given on FDs maturing between 46 days and less than six months. This bank is offering 5.75% interest for tenors less than six months and 1 day to 9 months.
For a period of 9 months 1 day and less than 1 year, the bank is giving 6% interest. Most FD interest rates for a period beyond one year remain above 7 percent. It means to say that long term investing is a better option to earn more profits.