The interest rate on HDFC Bank savings accounts will be determined based on the daily amounts in your account. Interest on savings accounts will be paid at quarterly intervals by HDFC Bank.
HDFC Bank Savings Account Rates
Source: Bank website
HDFC Bank FD Interest Rates
HDFC Bank raised fixed deposit rates over various tenors effective April 6, 2022. HDFC Bank raised its one-year FD interest rate by 10 basis points to 5.10% from 5%, according to the website of the bank, and its one-year interest rate – the daily two-year FD interest rate was also increased by 10 basis points to 5.10% from 5%.
PNB cuts interest on savings accounts
The interest rate on savings accounts with balances below Rs 10 lakh has been reduced by the Punjab National Bank (PNB) to 2.70% every year. Interest rates for savings accounts with balances above Rs 10 lakh but below Rs 500 crore have also been reduced to 2.75% by the bank. The revised interest rate came into effect on April 4, 2022.
(Your legal guide on estate planning, inheritance, wills and more.
To download The Economic Times News app to get daily market updates and live economic news.