HDFC Bank Interest Rates: If your bank account is in HDFC Bank, then this news is important for you. The bank has now reduced the interest rates received on savings accounts and fixed deposits (FD). These changes have been made after the Reserve Bank of India (RBI) repo rate after a reduction of 0.25%.
Now low interest on savings account
HDFC Bank will now pay 2.75% interest in a savings account at a balance of less than Rs 50 lakh, which was earlier 3%. At the same time, people with 50 lakh rupees or more balance will now get 3.25%, which was 3.5% earlier. These new rates have come into force from 12 April 2025.
It is necessary to keep minimum balance
If your account is in metro or city, then you have to keep a balance of at least Rs 10,000 every month. Balance of Rs 5,000 in semi-urban areas and Rs 2,500 per quarter in rural areas is necessary. In rural areas, you can also fulfill the condition of minimum balance by doing FD of a year of Rs 10,000.
FD also reduced interest rate
Since 1 April 2025, HDFC Bank has also reduced the interest on FD. Now normal customers will get interest from 3% to 7.25%. The highest interest will be available on 18 months FD. Senior citizens will get a little more profit – from 3.50% to 7.75%.
Why are interest rates decreasing?
When the RBI reduced the repo rate, it became necessary for banks to reduce the interest on savings and FD. This makes the loan cheaper and keeps money in the market. If you want more returns, do not depend on just FD. You can also invest in short term date funds, special deposit schemes or other options.
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