An Introduction to Hdfc Bank Savings Account Interest Rate

Just a day after the State Bank of India (SBI) hiked fixed deposit (FD) interest rates,

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private sector lender HDFC Bank announced that it too has increased FD rates on various fixed deposit tenors of less than Rs.2 crore.

FD rates have been raised by up to 25 premise focuses. As per the site, the higher loan costs are powerful from June 15, 2022.

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As per the HDFC Bank site, from a half year to under 9 months FD will presently procure 4.65 percent, up from 4.40 percent.

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For tenor 9 months to short of what one year will acquire 4.65 percent,

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up from 4.50 percent, and 1 year to 2 years FDs will procure 5.35 percent, up from 5.10 percent.

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The other FD tenor loan fees stay unaltered. Seniors residents will keep on procuring 50 extra bps premium

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The bank has additionally changed benchmark PLR - 16.55% p.a. with impact from June 17, 2022.

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The Reserve Bank of India (RBI) climbed the repo rates by 50 premise focuses in its financial approach meet on June 8, 2022.

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