current rate of interest on fixed deposit in hdfc bank

To meet the growing credit demand as liquidity tightens, banks have also increased the interest rates of fixed deposits, but at a slower pace. Since May 2022, the Reserve Bank of India (RBI) has hiked the repo rate by 250 basis points. Short-term or long-term - which should be the ideal tenure to book to get the maximum return on fixed deposits? Let's find out. As you know, interest rates of fixed deposits vary depending on tenure.

While the possibility of a further rate hike cannot be ruled out, however, interest rates may have reached very close to the peak of the current cycle.ĭo remember that the rise in interest rates has not been uniform across tenures.

Meanwhile, fixed deposit interest rates have touched a lucrative 9 per cent in small finance banks. YES Bank offers a whopping 8 per cent interest rate to senior citizens. Senior citizens can even earn an additional interest rate of 0.50 per on fixed deposits. You can get an interest of up to 7.2 per cent on fixed deposits in Kotak Mahindra Bank. Several private sector lenders, including HDFC Bank and ICICI Bank give interest rates of up to 7.1 per cent on FDs. Just a year ago State Bank of India ( SBI) was offering the highest rate of only 5.5 per cent on FDs, now it offers an interest rate of up to 7.10 per cent. Rising interest rates in the last year have made fixed deposits (FDs) attractive. Mutual Funds Spend Credit Cards P2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter

Current rate of interest on fixed deposit in hdfc bank