Enjoy HIGHER FD Rates 7.15 on tenure 35 months and 7.20 on tenure 55 months. Presenting, HDFC Bank Special Edition Fixed Deposits. Milestone Alert!Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. Achieve your goals easily as we guarantee you Higher Returns. As the inflation rate in India is on a higher trajectory, most of the banks are increasing FD rates to protect the consumer against future rises in inflation,' said Ravi Singhal of GCL Securities. What are HDFC Fixed Deposit interest rates for a 1 lakh investment On booking a deposit of 1 lakh, you can enjoy FD rates in HFDC Bank ranging between 3 7.20 p.a. This occurs because lenders will demand higher interest rates as compensation for the decrease in purchasing power of the money they are paid in the future. The current fixed deposit interest rate of HDFC is 7.20 p.a. The higher the inflation rate, the more interest rates are likely to rise. The HDFC Bank Fixed Deposit interest rate hike has come into effect from and are applicable for deposits below Rs 2 crore, the bank has said on its website. “Inflation is one of the major causes that affects interest rate levels. The new HDFC Bank FD interest rate hike ranges from 10 to 20 basis points, depending upon the tenor, with senior citizens getting returns of 0.50 per cent extra. Why are banks increasing FD interest rates?
