hdfc bank : Latest HDFC Bank savings account interest rate

HDFC Bank, on its website, said that from April 6, 2022, the interest rate on savings bank deposit accounts will be 3.00% per annum on balances below Rs 50 lakh and 3.50% on balances above Rs 50 lakh.

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.