HDFC Bank raises interest rates on term deposits by up to 75 basis points: Details here
HDFC Bank, a private sector lender, is raising interest rates on term deposits of less than ₹2 crore. According to the bank’s official website, the new rates come into effect on October 11, 2022. Following the change, the bank increased interest rates on term deposits for retail investors by up to 75 basis points. On deposits with maturities of 7 days to 10 years, investors will now benefit from interest rates ranging from 3.00% to 6.00% for the general public and from 3.50% to 6.75% for seniors .