HDFC Bank fixed deposit interest rates hiked by 100 bps to 7 pct for deposits under Rs 1 cr
"We are glad to inform you that the Fixed Deposit interest rate for deposits of more than or equal to Rs 1 crore has been increased to 7.25% from 7.10% earlier, for a tenure of 1 year 5 days to 3 years. This is effective from April 25-April 27, 2018.” the bank told customers in an email.
HDFC Bank informed senior citizens will get additional 0.5 per cent interest rate benefit. Image source: Reuters