HDFC Bank Cuts Interest Rate On These Fixed Deposits From November 13

HDFC Bank recently marginally cut its interest rate on retail fixed deposits maturing in one year and one day to up to two years. With effect from November 13, HDFC Bank, the country's largest lender by market value, pays an annual return of 5.4 per cent to senior citizens and 4.9 per cent to other customers. Previously, HDFC Bank paid interest to the tune of 5.5 per cent to senior citizens and 5 per cent to other customers on such deposits. HDFC Bank kept the interest rates applicable to other 12 maturity options unchanged. 

HDFC Bank recently marginally cut its interest rate on retail fixed deposits maturing in one year and one day to up to two years. With effect from November 13, HDFC Bank, the country's largest lender by market value, pays an annual return of 5.4 per cent to senior citizens and 4.9 per cent to other customers. Previously, HDFC Bank paid interest to the tune of 5.5 per cent to senior citizens and 5 per cent to other customers on such deposits. HDFC Bank kept the interest rates applicable to other 12 maturity options unchanged. 

Here are HDFC Bank's interest rates on fixed deposits of up to Rs 2 crore with effect from November 13:

(Also Read: Top Banks Pay These Returns On Fixed Deposits Now)

Commercial lenders such as HDFC Bank review their interest rates from time to time.