How much interest does HDFC gives on fixed deposit?
With HDFC Fixed Deposit, you can invest your money for a tenure anywhere between 7 days to 10 years and earn interest over the deposited amount. You can earn FD interest rate of 5.50% p.a. for a tenure ranging between more than 5 years and 10 years.
What was the FD interest rate in 2015?
Table 74 : Structure of Interest Rates
| (Per cent per annum) | ||
|---|---|---|
| Year (as at end March) | Call/ Notice Money Rates | Deposit Rates* |
| 2013-14 | 8.28 | 8.50-9.10 |
| 2014-15 | 7.97 | 8.25-8.50 |
| 2015-16 | 6.98 | 7.00-7.30 |
What is the interest rate of HDFC Bank?
HDFC Bank Savings Account Interest Rates & Minimum Balance Required Updated on 2020
| Types of Savings Account | Interest Rate |
|---|---|
| Basic Savings Bank Deposit Account | 3.00% p.a. to 3.50% p.a. |
| Institutional Savings Account | 3.00% p.a. to 3.50% p.a. |
| BSBDA Small Account | 3.00% p.a. to 3.50% p.a. |
Which bank gives highest interest rate on FD for 2 years?
The following is the revised list of 10 banks – Last Updated on 31 Aug 2021
| Best FD Rates for 2 years 2021 | ||
|---|---|---|
| Bank | Interest rates for General Public (p.a.) | Interest rates for Senior Citizens (p.a.) |
| IDFC Bank | 5.10% | 5.60% |
| Repco Bank | 6.25% | 6.75% |
| Lakshmi Vilas Bank | 6.25% | 6.75% |
Which bank FD rate is high 2019?
Best FD Rates in India among Top 10 Banks Axis Bank offers the highest FD interest rate of 5.75% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.50%. The next highest interest rate is 5.60% p.a. which is offered by Union Bank of India.
Which FD is best in HDFC Bank?
HDFC NRE & NRO fixed deposit interest rate ranges from 3.50% to 6.15%. The best interest rate offered for HDFC Bank Fixed Deposits lesser than INR 2 crore is 6.15% and 6.65% for individuals and senior citizens investing respectively.
What are the interest rates on HDFC bank deposits?
HDFC Bank Fixed Deposits and Recurring Deposits offer a safe and convenient way of achieving your financial goals. ** Only Resident Senior Citizens are eligible for higher rates of interest.. Note: Interest rates are subject to periodic changes.
How much money can I open FD in HDFC Bank?
You can open an FD for as less as ₹ 5,000, and use it as a back-up for your savings or current account with Sweep-in and Super Saver Facilities. HDFC Bank Fixed Deposits easy and convenient to open or liquidate whenever necessary.
When does the interest rate change on FD?
Interest rates are subject to change from time to time. Applicable interest rates will be given as on the date / time of receipt of the funds by the bank. When booking FD through NetBanking please note the actual interest rate being applied on the “Confirm” screen.
When is TDs recovered in HDFC bank account?
Today, TDS is recovered when interest payable or reinvested on FD & RD per customer, across all Branch, exceeds Rs 40,000/- (Rs. 50,000/- for senior citizen) in a Financial Year. Further, TDS is recovered at the end of the financial year on Interest accruals if applicable.
