HDFC Bank Recurring Deposits: There is good news for the customers having an account in HDFC Bank of the private sector. If you have also opened Recurring Deposits or are planning to get RD, then you will get more benefit. The bank has increased the rates of RD. Let us tell you that this increase has happened from May 17. Let’s check now how much interest benefit you will get.
How long have the rates changed?
The bank has increased the rates of RD for some time period. Rates have been increased from 27 months to 120 months. Apart from this, the rates of RD from 6 months to 24 months have not been changed.
increased by 20 basis points
Let us tell you that in the RD of 6 months to 120 months, the bank is giving the benefit of interest ranging from 3.50 percent to 5.75 percent. The bank has increased its interest rates by 20 basis points.
How much interest is getting?
Let us tell you that the bank is giving interest at the rate of 5.40 percent on RD from 27 months to 36 months. On RD from 39 months to 60 months, the bank is giving interest at the rate of 5.60 percent. At the same time, FDs of 90 months to 120 months are getting interest at the rate of 5.75 percent.
Let’s check the latest rates-
Senior citizens will get more benefit?
Talking about senior citizens, the customer is giving the benefit of 50 basis points more interest to these people. Senior citizens are getting the benefit of interest ranging from 4 percent to 5.60 percent on RD from 6 months to 24 months.
Apart from this, customers will get interest at the rate of 5.90 percent on RD from 27 months to 36 months. On RDs ranging from 39 months to 60 months, customers are getting interest at the rate of 6.10 percent. Apart from this, interest will be available at the rate of 6.50 percent on RD from 90 months to 120 months.
