Fixed Deposit; FD; HDFC Bank; HDFC Bank changed the interest rates of fixed deposits, maximum 5.50% interest will be available on getting FD here | HDFC Bank changes the interest rates of fixed deposits, maximum 5.50% interest will be given on FD here

Advertisement

  • Hindi news
  • Business
  • Fixed Deposit; FD; HDFC Bank; HDFC Bank Changed The Interest Rates Of Fixed Deposits, Maximum 5.50% Interest Will Be Available On Getting FD Here

Troubled with Ads? Install Dainik Bhaskar App for News without Ads

New Delhi20 minutes ago

  • Copy link

HDFC Bank has changed the interest on Fixed Deposit (FD). Now 7 days and 29 days FD will get 2.50% interest. Apart from this, now you will get 5.50% interest on FD of 5 to 10 years. The new interest rates have come into effect from May 21. Earlier this month, Axis Bank had changed the interest on FD.

how much interest will you get now

Advertisement
Period New Interest Rate (in%)
7 days to 29 days 2.50
30 days to 90 days 3.00
91 days to 6 months 3.50
6 months to less than 1 year 4.40
1 year 4.90
1 year 1 day to 2 years 4.90
2 years 1 day to 3 years 5.15
3 years 1 to 5 years 5.30
5 years 1 day to 10 years 5.50

How much interest will be received on Axis Bank FD

Period New Interest Rate (in%)
7 days to 29 days 2.50
30 days to 90 days 3.00
3 to 6 months 3.50
6 to 11 months 25 days 4.40
11 months 25 days to 1 year 5 days 5.10
1 year 5 days to 1 year 11 days 5.15
1 year 11 days to 15 months 5.10
15 months to 18 months 5.20
18 months to 2 years 5.25
2 years to 5 years 5.40
5 years to 10 years 5.75

Rate of interest reduced from 9 to 6 in last 10 years
In 2011, the country’s largest bank was paying a maximum interest of up to 9.25% on SBI fixed deposits. Which is now down to 5.40. Apart from this, most of the big banks in the country are offering interest of maximum 5 to 6% on FD.

What to do to get more interest from FD?
In response to this question, Pankaj Mathpal, Founder and CEO of Personal Finance Expert and Optima Money Managers says that if you want to invest in a place where you get more money than FD and your money is safe, you are in the post office schemes or The public sector can invest in bonds.

These schemes of post office are getting more interest than FD

The scheme Rate of interest (%)
Sukanya Samriddhi Yojana 7.60
Senior Citizen Saving Scheme 7.40
PPF 7.10
Kisan Vikas Patra 6.90
National certificate scheme 6.80
Time deposit 6.70
Monthly income scheme 6.60

There are more news …

.

Source link

Advertisement

Leave a Reply