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HDFC Bank increases fixed deposit rates by up to 0.6%

Updated At : 06:07 AM Aug 07, 2018 IST

NEW DELHI: Days after RBI hiked the benchmark repo rate, HDFC Bank on Monday increased fixed deposit rates on various maturities by up to 0.6%. The revised rate of interest is effective today, as per the information posted on HDFC Bank website. The increase in fixed deposit rates is likely to put pressure on lending rate as well. The bank has raised interest rate on term deposit with maturity ranging between 6 months one day to 5 years. The deposit of maturity 6-9 months would earn 6.75%, 40 basis points higher than previous rate. PTI

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HDFC Bank increases fixed deposit rates by up to 0.6%

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