Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. Private sector Kotak Mahindra Bank too increased its lending rates by 5 basis points across tenures. The new rates came into effect from February 15. HDFC Bank presents Fixed Deposit Foreign Currency Account an FCNR fixed deposit to earn Indian interest rates on your foreign income Online. Flexibility, security and high returns all bundled into one offering. Invest your money in HDFC Bank's NRO Fixed Deposit to save tax & grow your money with unto 9 interest rates. This was the sixth hike in interest rates since May last year, taking the total quantum of increase to 250 basis points.įollowing the rate hike by the central bank, State Bank of India (SBI), the country's biggest bank hiked the MCLR by 10 basis points across tenures. Name a nominee for your NRO Tax Saver Fixed Deposit. HDFC has increased its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 25 basis points, with effect from March 1, according to a statement.Įarlier this month, the Reserve Bank of India (RBI) hiked the benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. HDFC has also increased its retail prime lending rate by 25 basis points to a minimum of 9.20 per cent.

Besides, the savings are also useful to build an emergency corpus. Senior citizens generally invest a part of their savings in FDs, which offer liquidity and ensure interest income periodically. Most of the popular banks including the State Bank of India (SBI), ICICI Bank and HDFC Bank offer special fixed deposit schemes, especially for senior citizen depositors.

Several banks have hiked their fixed deposit (FD) interest rates in the last few banks. 05% in case of deposit placed/renewed through online. The new rates are effective from today, 20 February, according to the bank's website.Additional Incentive. The new interest rates will be applicable for deposits of less than Rs2 crore. Punjab National Bank (PNB) has hiked interest rates on fixed deposits (FDs) on select tenures. These rates are effective from 15 February 2023.ĥ years and up to 10 years - 6.5% PNB Bank FD Rates : PNB fixed deposits interest rates Senior citizens will get 50 basis points (bps) extra on these deposits. SBI FDs between 7 days to 10 years offer 3 per cent to 7.1 per cent interest to general customers. 5 year 1 day - 10 years 7.00% SBI Bank FD Rates : SBI fixed deposits interest rates

Hdfc bank deposit interest rates