recurring deposit interest rate hdfc bank

This offer is not applicable to Non-Resident Indian,” HDFC Bank said. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. The minimum sum you can deposit per month is Rs.1,000 and in multiples of Rs.100 thereafter. In addition to capital security, you can earn a reasonable interest rate on the deposit. “An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to 30th Sep’2022. This is a regular RD scheme where you designate a sum to be paid to the account every month for a pre-specified number of months.

On Recurring deposits of tenure greater than 5 (five) years to 10 years, senior citizens will get an additional premium of 0.25 per cent over and above the regular premium of 0.50 per cent, during a special deposit valid through September 30, 2022.

Senior citizens will get a 0.50 per cent additional premium on 6-month to 60-months of recurring deposits.

The interest rate for recurring deposits of 90 to 120 months was 5.60 per cent, but it has now been increased by 15 basis points to 5.75 per cent.

Interest rate on recurring deposits maturing in 39 to 60 months was 5.45 per cent, but now it will be 5.60 per cent, a 15-basis-point increase.

Recurring deposit interest rate hdfc bank