HDFC Bank latest savings bank, Fixed Deposit, Recurring deposit and housing loan interest rate

Marginal Cost Of Funds-Based Lending Rates (MCLR)

Effective Date:  September 07, 2020

Tenor MCLR in %
Overnight 6.95%
1 month 7.00%
3 month 7.05%
6 month 7.15%
1 year 7.30%
2 year 7.40%
3 year 7.50%

Savings Account Interest Rate

Domestic, NRO and NRE Savings Rate

Effective 11th June 2020, Rate of Interest for Savings Bank deposits Accounts has been revised as below :

Savings Bank balance Revised Rate w.e.f 11th June, 2020
Rs. 50 lakh and above 3.50%
Below Rs 50 lakh 3.00%

Note:

  • Savings Bank interest will be calculated on the daily balances maintained in your account.
  • Savings Bank interest will be paid at quarterly intervals

RFC Savings (for Returning NRIs) Interest Rate

This is to inform you that our RFC Savings Account Interest Rates effective July 1, 2017 are as below:

GBP USD Euro JPY
0.01% 0.01% NA NA

EEFC Deposit would be accepted only in current A/c (According to RBI guidelines.)

Fixed Deposit Interest Rate Less Than 5 Cr

Domestic / NRO / NRE FIXED DEPOSIT RATE
​​​​​​​

Applicable from 25th August, 2020

(Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year.)

Period < 2 Crore >=2 Crore to < 5 Crores
Interest Rate (per annum) **Senior Citizen Rates (per annum) Interest Rate (per annum) **Senior Citizen Rates (per annum)
7 – 14 days 2.50% 3.00% 2.50% 3.00%
15 – 29 days 2.50% 3.00% 2.50% 3.00%
30 – 45 days 3.00% 3.50% 2.75% 3.25%
46 – 60 days 3.00% 3.50% 2.75% 3.25%
61 – 90 days 3.00% 3.50% 3.00% 3.50%
91 days – 6 months 3.50% 4.00% 3.00% 3.50%
6 mnths 1 days – 9 mnths 4.40% 4.90% 3.50% 4.00%
9 mnths 1 day < 1 Year 4.40% 4.90% 3.75% 4.25%
1 Year 5.10% 5.60% 4.00% 4.50%
1 year 1 day – 2 years 5.10% 5.60% 4.00% 4.50%
2 years 1 day – 3 years 5.15% 5.65% 4.25% 4.75%
3 year 1 day- 5 years 5.30% 5.80% 4.25% 4.75%
5 years 1 day – 10 years 5.50% 6.25%* 4.25% 5.00%*

Fixed Deposit Interest Rate Greater Than Or Equal To 5 Cr

DOMESTIC/NRE/NRO TERM DEPOSITS INTEREST RATES FOR AMOUNTS GREATER THAN OR EQUAL TO 5 CRS WEF 18th August 2020.

IMPORTANT NOTES:

Non- Withdrawal Fixed Deposit Rates Greater Than Or Equal To 5 Cr

NON-WITHDRAWABLE DOMESTIC/NRE/NRO TERM DEPOSITS INTEREST RATES FOR AMOUNTS GREATER THAN OR EQUAL TO 5 CRS WEF 18th August 2020

FCNR And RFC Deposit Rates

Period GBP USD Euro JPY AUD CAD Effective On
1Yr to < 2 Yrs 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% Sep 1, 2020
2Yr to < 3 Yrs 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% Sep 1, 2020
3 Yrs to < 4 Yrs 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% Sep 1, 2020
4 Yrs to < 5 Yrs 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% Sep 1, 2020
5 Yrs only 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% Sep 1, 2020

RFC Fixed Deposit Rates

Period GBP USD EURO JPY Effective On
< 29 Days 0.01% 0.01% 0.01% 0.01% December 01, 2018
30 days – 3 Months 0.01% 0.01% 0.01% 0.01% December 01, 2018
3 Months 1 day – 6 Months 0.01% 0.01% 0.01% 0.01% December 01, 2018
6 Months 1 day – < 1 Year 0.01% 0.01% 0.01% 0.01% December 01, 2018
1 year – < 2 years 0.01% 0.01% 0.01% 0.01% September 1, 2020
2 years – < 3 years 0.01% 0.01% 0.01% 0.01% September 1, 2020
3 years only 0.01% 0.01% 0.01% 0.01% September 1, 2020

Recurring Deposit Interest Rates

Recurring Deposit Rates(Resident And NRE Customers)

HDFC Bank Fixed Deposits and Recurring Deposits offer a safe and convenient way of achieving your financial goals.  

Rates for some key tenures:

Period Interest Rate (per annum) **Senior Citizen Rates (per annum) Interest Rates p.a. for NRIs Effective From
6 Months 3.50% 4.00% N.A. Aug 25, 2020
9 Months 4.40% 4.90% N.A. Aug 25, 2020
12 Months 5.10% 5.60% 5.10% Aug 25, 2020
15 Months 5.10% 5.60% 5.10% Aug 25, 2020
24 Months 5.10% 5.60% 5.10% Aug 25, 2020
27 Months 5.15% 5.65% 5.15% Aug 25, 2020
36 Months 5.15% 5.65% 5.15% Aug 25, 2020
39 Months 5.30% 5.80% 5.30% Aug 25, 2020
48 Months 5.30% 5.80% 5.30% Aug 25, 2020
60 Months 5.30% 5.80% 5.30% Aug 25, 2020
90 Months 5.50% 6.00% 5.50% Aug 25, 2020
120 Months 5.50% 6.00% 5.50% Aug 25, 2020

Base Rate

The base rate of the bank is 7.55% with effect from 11 September, 2020

Benchmark PLR

Benchmark PLR – 16.05 % p.a. with effect from 11 September, 2020

NR Forex Rates

September 14, 2020
Currency (quoted vs. INR) Currency Rate applicable
United States Dollar USD 73.05
Euro EUR 86.55
Great Britain Pound GBP 93.81
Japanese Yen JPY 0.68
Australian Dollar AUD 52.97
Canadian Dollar CAD 55.25
Swiss Francs CHF 80.21
Hong Kong Dollar HKD 9.37
Singapore Dollar SGD 53.33
New Zealand Dollar NZD 47.85
Swedish Kroner SEK 8.16
U.A.E. Dirham AED 19.69
Danish Krone DKK 11.39
Norwegian Krone NOK 7.91
Saudi Riyal SAR 19.35
Omani Rial OMR 188.60
South African Rand ZAR 4.27
Swap Cost
Currency (quoted vs. INR) Tenor in months Cost
USD 6 Months 4.12%
USD 12 Months 4.36%
GBP 12 Months 4.97%
EUR 12 Months 5.66%

Swap cost is considered for arriving at the final interest rate incase of OD against FCNR Deposit.

Please note that the above rates are subject to

1. Market fluctuations
2. Intraday fluctuation

The bank reserves the right to make changes in the rate in accordance with the market

Latest Govt Job & Exam Updates:

View Full List ...

© Copyright Entrance India - Engineering and Medical Entrance Exams in India | Website Maintained by Firewall Firm - IT Monteur