HDFC HFC Revises Interest Rates on AAA-Rated Term Deposits: Details Inside

Interest rates on term deposits below 2 Cr have been reviewed by HDFC Ltd, a well-known housing finance company in India. The higher interest rates have been in effect since August 19, 2022, according to the company’s official website. The company offers several fixed deposit alternatives, including special deposits, premium deposits, regular deposits, recurring deposits, and green deposits. Investors can benefit from the new interest rates, which are as follows, on all these deposit plans.

HDFC Special Deposits

The company offers special fixed term deposits maturing from 33 months to 99 months with interest rates ranging from 6.70% to 6.85% under the monthly income plan, from 6.75% to 6.90% under the quarterly option, from 6.80% to 6.95% under the half-yearly option. , 6.90% to 7.05% as an annual option and 6.90% to 7.05% as a cumulative option.

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HDFC FD Rates (hdfc.com)

HDFC Premium Deposits

HDFC Ltd. will now offer an interest rate ranging from 6.15% to 6.70% under the monthly income plan, from 6.20% to 6.75% under the quarterly option, from 6.25 % to 6.80% under the Semi-Annual Option, 6.45% to 6.90% under the Annual Income Plan, and 6.35% to 6.90% under the Plan cumulative on fixed premium deposits below Rs. 2 Cr maturing in 15 months to 44 months.

HDFC FD Rates

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HDFC FD Rates (hdfc.com)

Regular HDFC deposits

On regular fixed deposits of less than 2 Cr maturing in 12 months to 120 months, HDFC Ltd will now offer an interest rate ranging from 5.95% to 6.70% under the monthly income plan, from 6.00% to 6.75 % under the quarterly option, from 6.05% to 6.80% under the monthly income plan. annual option, 6.55% – 6.90% under the annual income plan and 6.15% – 6.90% under the cumulative option.

HDFC FD Rates

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HDFC FD Rates (hdfc.com)

HDFC recurring deposits

Only non-senior citizens are eligible for the Recurring Deposit Plan, which is a fixed rate deposit system offered by the company. HDFC Ltd. offers an interest rate ranging from 5.80% to 6.35% on recurring deposits with maturities between 12 months and 60 months.

HDFC RD Rates

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HDFC RD Rates (hdfc.com)

Seniors (60+) who have fixed deposits except recurring deposits with HDFC Ltd. are entitled to an additional 0.25% per annum on deposits up to 2 crores. In addition, individual deposits made using online deposits or auto-renewal will be eligible for an additional return on investment of 0.05% per annum. “HDFC has received AAA ratings for its deposit program from two leading credit rating agencies (CRISIL and ICRA) for 28 consecutive years, building the utmost confidence among investors and key partners,” the company said on its website.

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