NEWS & ADVICE : FIXED DEPOSITS
HDFC raises fixed deposit rates
By Neelima Shankar
Dec 24, 2010
Print    Email    RSS   

Private sector lender, HDFC Ltd has raised interest rates on fixed deposits to as much as 9.05% . Term deposits of 22 to 33 months maturity will now fetch the depositor the new set of raised interest rates.

HDFC wrote in a mail to its customers: "We are pleased to make an exclusive offer of an additional 0.25 per cent on the prevailing interest rates on HDFC Platinum Deposit Plan".

Keki Mistry, vice-chairman and managing director of HDFC, affirmed the hike as "one of our sources to raise funds".

The high rates of interest offered by HDFC are so far in competition only with State Bank of India and Punjab National Bank. These lenders are currently offering 8% and 8.25% interest respectively for deposits of same tenor.

The largest private sector lender, ICICI Bank offers 7.25% to 7.75% interest for same tenors.


 


(Comments Posted : 1) Post Your Comments
1. i have checked their site and its max 8.25%
jassi (Posted: Dec 24, 2010)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Recurring Deposits or Systematic...
FDs or Equity? Which suits you best?
FMPs or FDs: Make an informed choice
Children’s Saving Account- teaching...
Things to know before retirement


Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive