Interest on Fixed Deposits: Good news! HDFC Bank raises FD rates

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New Delhi | April 27, 2018 10:23 PM

Private sector HDFC Bank has hiked term deposits rates by up to 1 per cent on select brackets.

HDFC Bank, HDFC Bank fixed deposit rates, HDFC interest on FD, NEWS ON hdfc bank, latest news on HDFCWith the rate increase, the term deposits of 2 years 1 day-2 years 15 days would earn 1 per cent higher interest at 7 per cent while 1 year 17 days- 2 years will fetch 0.75 per cent higher return at 7 per cent, HDFC Bank said on its website. (Reuters)

Private sector HDFC Bank has hiked term deposits rates by up to 1 per cent on select brackets. With the rate increase, the term deposits of 2 years 1 day-2 years 15 days would earn 1 per cent higher interest at 7 per cent while 1 year 17 days- 2 years will fetch 0.75 per cent higher return at 7 per cent, HDFC Bank said on its website. Similarly, interest rate beyond maturity period over 2 years 15 days up to 5 years have been raised to 7 per cent, it said.

(More details are awaited.)

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