The following FD interest rates are applicable on deposits below Rs. 2 crore are applicable with effect from June 6, 2019, according to the lender's portal.Įarlier in the day, the Reserve Bank of India's Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, unanimously lowered key lending rate or repo rate by 25 basis points or 0.25 per cent to 5.75 per cent. The interest is calculated on a quarterly basis for deposits with a tenor above 6 months. The minimum tenor for resident and NRO deposits of 2 crores is 1 year and 90 days for 5 crore & above. These interest rates on fixed deposits up to Rs. The Non Withdrawable Deposit is offered for amount 2 crore and above only. In the same range of maturities, the bank pays interest at the rate of 4-7.90 per cent to senior citizens on FDs up to Rs. In the case of joint deposits, the Tax benefit under 80 c will be available only to the first holder of the deposit. The bank pays slightly higher returns to senior citizen customers. 1.5 Lakhs (in a FY) Tenure 5 Years (Lock In) Can be booked with Monthly and quarterly payout. Federal Banks fixed deposit calculator helps you to calculate your fd interest rates and monthy maturity amount you will earn on your investment online. HDFC Bank offers interest rates to the tune of 3.50-7.40 per cent to the general public on fixed deposit (FD) up to Rs. Private sector lender HDFC Bank offers fixed deposit maturities ranging from seven days to 10 years.
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