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Considering the RBI's nudge to pass on the rate cuts to end consumers, banks have been revising their deposits as well as lending rates lower. And this time, HDFC Bank has for the second time in a month has revised its interest rate lower:
The new rates are effective from August 30,2019:
| FD Tenure | Interest rate |
|---|---|
| 7-14 days | 3.5% |
| 15-29 days | 4.25% |
| 30-45 days | 5.15% |
| 46-60 days | 5.65% |
| 61-90 days | 5.65% |
| 91 days- 6 months | 5.65% |
| six months one day to nine months | 6.25% |
| nine months one day to less than 1 year | |
| 6.35%. |
For FDs with higher tenure
| FD Tenure | Interest rate |
|---|---|
| 1 year | 6.9% |
| one year one day to two years | 6.8% |
| 2 years 1 day to 3 years | 7.1% |
| 3 year 1 day to 5 years | 7% |
| 5 years 1 day to 10 years | 7% |
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