Mumbai: Private sector lender in the country, HDFC Bank has launched two special fixed deposits offering higher interest rates. These special schemes will be available for a limited period.
‘Presenting, HDFC Bank Special Edition Fixed Deposits. Enjoy HIGHER FD Rates @7.20% on tenure 35 months and @7.25% on tenure 55 months. What’s more? Senior Citizen benefits 0.50% EXTRA!…So Hurry! Valid for Limited Period only!’ reads the bank’s notification.
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HDFC Bank is now offering 3% interest rates on fixed deposits maturing between 7 and 29 days. Deposits maturing between 30 and 45 days will earn an interest rate of 3.50% and term deposits of tenure of 46 days to less than 6 months will get an interest rate of 4.50%.
For a tenure of six months and one day to less than nine months, HDFC Bank offers an interest rate of 5.75% and for deposits maturing between nine months and one day to less than one year will get an interest rate of 6%.
HDFC Bank has introduced a special edition FD with a 35-month term that offers an interest rate of 7.20% for regular citizens and 7.25% on a 4-year, 7-month term that is also a special edition FD with a 55-month term. The bank will pay 7% on tenures on other remaining tenures.
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