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HDFC bank offers highest interest rate of 7.4% on FD

The New Indian Express

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July 26, 2024

A week after it ruled out engaging in interest rate war to attract deposits, HDFC Bank, the largest private sector lender and the one with the highest credit-deposit ratio, has upped the ante in its war for public funds as it seeks to grow its assets faster, offering up to 7.4% for fixed deposits below ₹3 crore for 55 months.

The closest rate is 7.3% being offered by a few much smaller public sector peers while the industry leader SBI's peak offer is 7.25% per annum after the recent hike.

The New Indian Express

यह कहानी The New Indian Express के July 26, 2024 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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