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HDFC Bank rolls out FD scheme with higher rates
Business Standard
|July 26, 2024
HDFC Bank, the country's largest private-sector lender, has launched a special edition fixed deposit (FD) scheme for customers, offering higher interest rates than its peers for tenures of 35 months and 55 months.
The revision in rates comes at a time when the bank is looking to garner more deposits to fund its credit growth.
According to its website, for deposits below ₹3 crore, the bank is offering 7.35 per cent for 35 months' tenure and 7.4 per cent for 55 months' tenure. Senior citizens will receive an additional 0.50 per cent interest over these rates.
This story is from the July 26, 2024 edition of Business Standard.
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