Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » HDFC Bank revises fixed deposit (FD) interest rates: A comparison with SBI, Axis, and Punjab National Bank
    News

    HDFC Bank revises fixed deposit (FD) interest rates: A comparison with SBI, Axis, and Punjab National Bank

    userBy userJanuary 12, 2025No Comments2 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    India’s biggest private lender, HDFC Bank, has revised fixed deposit (FD) interest rates for both senior citizens and the general public. For deposits in the range of ₹3 crore to ₹5 crore, the bank will now offer interest up to 7.40% for the general public and 7.9% for senior citizens on the basis of tenure.

    On fixed deposits with tenures from 7 to 29 days, depositors can earn 4.75% and 5.50% for 30 to 45 days. For deposits with tenures of 46 to 60 days, depositors can earn 5.75% and 6.0% interest for tenures of 61 to 89 days. The bank offers multiple deposit options, with tenures ranging from 7 days to 10 years.

    Additionally, HDFC Bank has revised the Marginal Cost of Funds based Lending rate (MCLR), effective January 7, 2025. The new rates range from 9.15% to 9.45% per annum.

    MCLR has been dropped from 9.15% to 9.20%. The one-month MCLR remains at 9.20%, whereas the three-month rate is still at 9.30%

    The MCLR for the six-month and one-year tenures is 9.45%, up from 9.50%. Meanwhile, the three-year and two-year MCLR are at 9.45%.

    FD rates for other banks

    Axis Bank

    For the general public, Axis Bank offers interest up to 7.30% on deposits between ₹3 crore and ₹5 crore for a tenure of one year, 11 days to one year, 24 days. Earn up to 7.0% interest on deposits for a tenure of two years to 30 months.

    For senior citizens, the bank offers 7.80% interest for a tenure of one year, 11 days to one year, 24 days and 7.50% interest on deposits for a tenure of two years to 30 months.

    State Bank of India (SBI)

    For deposits from ₹3 crore and above, the State Bank of India offers interest up to 7.0% to regular citizens and 7.50% per cent to senior citizens for deposits in the tenure of 1 year to less than 2 years and 2 years to less than 3 years.

    Punjab National Bank

    PNB offers 7.25% to regular citizens and 7.55% to senior citizens for deposits of one-year tenure in the range of ₹3 crore to ₹10 crore.



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHow to Get Started Investing (Insight From Motley Fool Investors)
    Next Article How to Get Started Investing (Insight From Motley Fool Investors)
    user
    • Website

    Related Posts

    Dow, S&P 500, Nasdaq surge after jobs report, Tesla jumps on Musk-Trump cooldown

    June 6, 2025

    Are BP shares undervalued? | The Motley Fool UK

    June 6, 2025

    FTSE 100 shares to consider buying for a well balanced Stocks and Shares ISA

    June 6, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d