Hdfc Fixed Deposit Interest Rates 2020
HDFC Bank offers additional 0.50 per cent interest across tenors to senior citizens.
HDFC Bank offers additional 0.50 per cent interest across tenors to senior citizens. The maturity period for fixed deposits offered by the HDFC Bank starts from seven days and go on for 10 years. HDFC Bank revised its interest rates on fixed deposits with effect from November 13, 2020. HDFC Bank, the country’s largest private sector lender, currently offers 5.50 per cent interest on fixed deposit account below Rs 5 crore with tenure of 5 years 1 day – 10 years, according to HDFC Bank website https://www.hdfcbank.com. (Also Read: Kotak Mahindra Bank Offers These Interest Rates Annually On Fixed Deposits)
(Interest rates are effective from 13th November 2020) Note:.An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit. HDFC Home Loans Interest Rates: HDFC’s Housing Loans are quick and are available at an attractive interest rate. Apply now for a home loan with HDFC’s low home loan interest rate! 2 Year Fixed Rate Variant. Retail Prime Lending Rate: 16.10%. Loan Slab Home Loan Interest Rates (% p.a.). Is 16.10% w.e.f 10th November, 2020. 4 hours ago SBI, HDFC Bank, ICICI Bank, Bank of Baroda's special fixed deposit scheme for senior citizens ends March 31 This special FD scheme was launched in May 2020 to safeguard the interests. Hdfc Bank offering attractive fixed deposit interest rates for its senior citizens customer at 8.50% p.a. For 1 year tenure. Many small finance banks giving highest fixed deposit interest rates for its senior citizen customers one of them is Hdfc Bank. Senior Citizens can take advantage to quickly double their money with good interest rates. HDFC Bank has revised its fixed deposit interest rates for the ones which are maturing in one year and 2 years. The revised rate will be in effect from 13 November 2020. The bank has cut the interest rate by 10 basis points for the deposits maturing in 1 year and 2 years.
Below are the fixed deposit interest rates offered by HDFC Bank:
| Tenor Bucket | Interest Rate (per annum) | Interest Rate For Senior Citizen Rates (per annum) |
|---|---|---|
| 7 – 14 days | 2.50% | 3.00% |
| 15 – 29 days | 2.50% | 3.00% |
| 30 – 45 days | 3.00% | 3.50% |
| 46 – 60 days | 3.00% | 3.50% |
| 61 – 90 days | 3.00% | 3.50% |
| 91 days – 6 months | 3.50% | 4.00% |
| 6 months 1 days – 9 months | 4.40% | 4.90% |
| 1 year 1 day – 2 years | 4.90% | 5.40% |
| 2 years 1 day – 3 years | 5.15% | 5.65% |
| 3 year 1 day- 5 years | 5.30% | 5.80% |
| 5 years 1 day – 10 years | 5.50% | 6.25% |
Source: HDFC Bank
Reserve Bank of India Governor-led Monetary Policy Committee (MPC) on Friday (February 4) decided to maintain key policy rates at existing levels, saying that the “need of the hour is to back growth.” The Reserve Bank kept the repo rate unchanged at 4 per cent and reverse repo rate untouched at 3.35 per cent.
“Going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021/22, we would undo the damage that COVID-19 has inflicted on the economy,” Reserve Bank of India Governor Shaktikanta Das said after announcing the rate decision.
India’s largest lender State Bank of India offers eight maturity options for retail fixed deposits, or fixed deposits up to Rs 2 crore. The maturity period starts at seven days and extends to as long as 10 years.
SBI offers interest rates of 2.9 percent to 5.4 percent to its general depositors and 3.4 percent to 6.2 percent to its senior citizens’ customers on retail FDs.
SBI changes interest rates from time to time on the basis to align them with benchmark rates. These interest rates are effective from September 10.
Check out SBI fixed deposit rates:
| Maturity Period | General | Senior Citizen |
| 7 days to 45 days | 2.9% | 3.4% |
| 46 days to 179 days | 3.9% | 4,4% |
| 180 days to 210 days | 4.4% | 4.9% |
| 211 days to 365 days | 4.4% | 4.9% |
| 1 year to 2 years | 4.9% | 5.4% |
| 2 years to 3 years | 5.1% | 5.6% |
| 3 years to 5 years | 5.3% | 5.8% |
| 5 years to 10 years | 5.4% | 6.2% |
India’s largest private sector lender HDFC Bank on fixed up Rs 2 crore, 12 maturity options are offered with varied interest rates by HDFC Bank. The maturity period starts from 7 days up to 10 years. Bank provides 2.5 percent for 7 to 14 days to general customers and an additional 0.5 percent to senior citizens on fixed deposits. HDFC Bank revised its interest rates on fixed deposits with effect from November 13, 2020.
| Maturity Period | General | Senior Citizens |
| 7-14 days | 2.5% | 3% |
| 15-29 days | 2.5% | 3% |
| 30-45 days | 3% | 3.5% |
| 46-60 days | 3% | 3.5% |
| 61-90 days | 3% | 3.5% |
| 91 days – 6 months | 3.5% | 4% |
| 6 months – 9 months | 4.40% | 4.90% |
| 1 year 1 day – 2 years | 4.90% | 5.40% |
| 2 years 1 day – 3 years | 5.15% | 5.65% |
| 3 years 1 day – 5 years | 5.30% | 5.80% |
| 5 years 1 day – 10 years | 5.50% | 6.25% |
Mean-while, India on Tuesday recorded 31,118 new cases of the coronavirus disease (Covid-19), which pushed the nationwide tally to 9,462,809, according to a Union health ministry update at 8 am.
The number of active cases dropped further, to 4,35,603, while 88,89,585 patients were discharged from hospitals in the last 24 hours, health ministry data showed. The number of recovered patients has now reached.
The country recorded 482 new fatalities due to the infection in the past 24 hours, the ministry said. With this, the death toll has reached 1,37,621.
Hdfc Fixed Deposit Interest Rates 2020 Calculator
India has conducted 140 million tests to detect Covid-19 in the past 11 months, of which 10 million tests were performed during the past 10 days alone, government data shows.
The first test to diagnose Covid-19 in the country was performed on January 23, and on Monday, India performed about 900,000 tests in a single day.
India’s coronavirus tally had crossed the 9.4 million-lakh mark after 38,772 new infections were reported on Monday, as per the health ministry data.
Hdfc Bank Fixed Deposit Interest Rates 2020
On Sunday, the ministry had said that the national recovery rate stands at 93.71 percent. It also said that India continues to have one of the lowest deaths per million population globally (presently 99).