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FinanceLane
Home News Feed Advisory

HDFC revises FD interest rates: Check latest rates

FinanceLanebyFinanceLane
June 28, 2022
in Advisory, Investments, News Feed, Savings, Tax Planning, Wealth
Reading Time: 2 mins read

Housing Development Finance Corporation (or HDFC) has revised fixed deposit (FD) interest rates with effect from June 27, 2022. The company offers different types of FDs such as special deposit, premium deposit, regular deposit and green deposit. and , two of the top credit rating agencies, have given HDFC’s deposits scheme AAA ratings, stated the HDFC website. The company offers FDs ranging from 12 to 120 months. On all deposit products, senior citizens who are 60 years of age or more are given an extra 0.25 percent per annum.

This Non-Banking Financial Company (NBFC) offers options like Monthly Income Plan, Non-cumulative interest plan, Annual Income Plan, and Cumulative options.

Green deposit

HDFC has introduced Green & Sustainable Deposits, a product that supports United Nations’ Sustainable Development Goals (SDGs).

Investors have three deposit options under the Green Deposits category: Special, Premium, and Regular deposits. HDFC currently offers a maximum interest rate of 6.95 percent on special deposits under 2 Cr and a maximum interest rate advantage of 6.75 percent on premium deposits under 2 Cr. Whereas the corporation offers a maximum interest rate benefit of 6.80% on regular deposits.

Green deposit – Special deposits

Green deposits – Premium deposits
Green deposits — Regular deposits

HDFC FD interest rates

Investors have three deposit options such as special, premium, and regular deposits.

Special FD interest rates

Premium FD interest rates

Regular FD interest rates

Source Link

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