Big news! HDFC Bank's FD Interest has changed. Find out the latest interest rate on FDs as announced by HDFC Bank

 Big news! HDFC Bank's FD Interest has changed. Find out the latest interest rate on FDs as announced by HDFC Bank

Big news! HDFC Bank's FD Interest has changed. Find out the latest interest rate on FDs as announced by HDFC Bank

Interest Rate on Fixed Deposits: HDFC Bank has made a significant decision about the interest rates on fixed deposits. Recognize what this is.

The interest rates on non-withdrawable fixed deposits (FDs) have been modified by HDFC Bank. The new interest rates on these deposits (Fixed Deposit Interest Rate) are effective as of November 27, 2023, according to HDFC Bank's official website. Following the most recent modification, FDs with a one to two year duration are now yielding 7.45 percent return, while FDs with a two to ten year tenure are yielding 7.2 percent. Learn in-depth how much interest is currently available on FDs with terms ranging from one year to ten years.

Interest rates on FDs up to Rs. 2 crore (least recent FD rates from HDFC Bank)

7.45% on FD for a period of one year to fifteen months

7.45 percent on FD from 15 to 18 months

7.45 percent on FD from 18 to 21 months

7.45 percent on FD from 21 months to 2 years

From two years and one day to three years on FD, 7.2 percent

From three years and one day to five years on FD, 7.2 percent

7.2% on FD from 5 years, 1 day to 10 years

Non-withdrawable FD: What is it?

The depositor is not permitted to close these term deposits before the end of the tenure. However, in extraordinary situations, such as a court claim, bankruptcy, or death, the Bank may permit the early withdrawal of these deposits.

The Bank does not pay interest on the principle amount of these deposits in the event that they are withdrawn too soon (except from when a dead claim is settled). The cash deposited is used to reclaim any interest that was credited or paid up to the date of the early closure. On the other hand, interest is paid in the event of an early withdrawal from FD in the case of a death claim.