HDFC Bank revises Deposit Rates

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Mumbai Sep 17 (UNI) HDFC Bank today revised the interest rates on Foreign Currency Non-Resident, RFC and NRE Deposits with effect from today.

FCNR (B) deposits in US Dollar, having maturity one year to less than two years, will now attract an interest rate of 2.95 per cent, while rate for maturity of 2-3 years and 3-4 years has been revised to 3.05 per cent and 3.38 per cent, a release issued by the Bank.

For deposits having a maturity of five years, the rate has been revised to 3.75 per cent.

For Euro deposits, which will mature in 1-2 year period, the revised rate stood at 5.07 per cent while for 2-3 years and 3-4 years, the revised rates are 4.63 per cent and 4.52 per cent, respectively, it said.

Similarly, for deposits in Pound, the bank has revised the rate to 5.77 per cent, for a tenure 1-2 years while for 2-3 years and 3-4 years, rates have been revised to 5.15 per cent and 5.12 per cent respectively, the bank further said.

For NRE deposits having a maturity 1-2 years, the bank has revised the deposits to 3.71 per cent while for 2-3 years and 3-5 years, the rates have been revised to 3.81 per cent and 4.13 per cent respectively, said HDFC bank.

Resident Foreign Currency (RFC) deposits in US Dollars, having maturity of one year to less than two years, will now attract an interest rate of 2.95 per cent, while rate with maturity 2-3 years and 3 years only has been revised to 3.05 per cent and 3.38 per cent, the bank further added.

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