New Delhi HDFC, the country's largest private bank, has made a big announcement. This bank has made changes in the interest rates available on fixed deposits. It is being told that now HDFC Bank is going to give interest rate of 7.40 percent to the general public of the country and 7.9 percent to senior citizens on the basis of tenure period of fixed deposit of Rs 3 crore to Rs 5 crore.
On FDs of 7 to 29 days and 30 to 45 days, the bank will earn up to 4.75 percent and 5.50 percent respectively. FD investment of 46 to 60 days can earn up to 5.75 percent and FD of 61 to 89 days can earn up to 6 percent. Banks are going to implement several deposit schemes with tenures ranging from 7 days to 10 years.
Apart from this, HDFC Bank has also made changes in MCLR from January 7, 2025. The new rates range from 9.15 percent to 9.45 percent per annum. MCLR has been reduced from 9.15 percent to 9.20 percent. The 1 month MCLR will remain at 9.20 percent, while the 3 month rate is still up to 9.30 percent. MCLR for tenure of 6 months and 1 year is increased from 9.45 percent to 9.50 percent. Meanwhile, MCLR of 3 years and 2 years will remain at 9.45 percent.
Axis Bank will give this much return on FD
Axis Bank is offering interest up to 7.30 percent to the general public on FDs between Rs 3 crore and Rs 5 crore for the tenure of 1 year, 11 days to 1 year, 24 days. The bank is going to give returns up to 7 percent on FD of 2 years to 30 months. To senior citizens, this bank can give 7.80 percent interest on FD of 1 year, 11 days to 1 year, 24 days and 7.50 percent interest on FD of 2 years to 30 months.
SBI has given so much FD return
On deposit amount of Rs 3 crore and above, State Bank of India is going to give up to 7 percent interest to its regular customers and up to 7.50 percent interest to senior citizens on deposits for tenure of 1 year to 2 years and less than 2 years.
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