HDFC Bank revised its fixed deposit (FD) interest rates on select maturities with effect from Monday. HDFC bank revised the interest rate applicable to maturity periods such as 30-45 days, 46-60 days and one year, according to the bank's website, hdfcbak.com. Fixed deposits (FDs) are secure investment instruments that offer higher interest rates than deposits in savings accounts. One can invest money in fixed deposits for a specific period, ranging from seven days to 10 years. Senior citizens usually get a higher rate of interest on fixed deposits compared to general public.
HDFC Bank revised its fixed deposit (FD) interest rates on select maturities with effect from Monday. HDFC bank revised the interest rate applicable to maturity periods such as 30-45 days, 46-60 days and one year, according to the bank's website, hdfcbak.com. Fixed deposits (FDs) are secure investment instruments that offer higher interest rates than deposits in savings accounts. One can invest money in fixed deposits for a specific period, ranging from seven days to 10 years. Senior citizens usually get a higher rate of interest on fixed deposits compared to general public.
HDFC Bank revised its fixed deposit (FD) interest rates on select maturities with effect from Monday. HDFC bank revised the interest rate applicable to maturity periods such as 30-45 days, 46-60 days and one year, according to the bank's website, hdfcbak.com. Fixed deposits (FDs) are secure investment instruments that offer higher interest rates than deposits in savings accounts. One can invest money in fixed deposits for a specific period, ranging from seven days to 10 years. Senior citizens usually get a higher rate of interest on fixed deposits compared to general public.
Here's a comparison of fixed deposit (FD) interest rates paid by HDFC Bank, State Bank of India, Punjab National Bank and ICICI Bank:
HDFC Bank
The following FD interest rates are applicable on deposits below Rs. 2 crore from July 22, 2019, according to hdfcbank.com:
State Bank Of India
The following FD interest rates are applicable on deposits below Rs. 2 crore with effect from May 9, 2019, according to sbi.co.in:
Punjab National Bank
The following FD interest rates are applicable on deposits up to Rs. 2 crore with effect from July 1, 2019, according to pnbindia.in:
ICICI Bank
The following FD interest rates are applicable on deposits below Rs. 2 crore from June 17, 2019, according to icicibank.com:
The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.
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