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Latest HDFC Bank FD interest rates: HDFC Bank offers interest rates between 3.5% to 7.75% on tenures ranging from 7 days to 10 years. The Bank has hiked on tenure of 18 months to less than 21 months from 7% to 7.25%.
Those who want to earn marginally higher interest rates on their fixed deposits, at times, lock them in the name of their old parents since banks offer generally 50 basis points higher interest rate to senior citizens.
In 2024, bank fixed deposits might serve as an attractive investment option, particularly if you aim to capitalise on the elevated interest rates available. Nonetheless, exercise caution and avoid allocating your entire savings to these deposits.
Best FD rates for 3 years for senior citizens: 4 banks that offer up to 8.1% interest
India Business News: SBI increased FD interest rates on specific tenures, effective from December 27, 2023. Notable changes include a 50 basis points hike for deposits mat