29.5 C
Saturday, May 25, 2024

HDFC Bank launches special tenure fixed deposit schemes

- Advertisement -
- Advertisement -

HT Bureau

GUWAHATI, May 30: HDFC Bank, India’s leading private sector bank, has introduced two exclusive fixed deposit schemes with tenures of 35 and 55 months, aiming to provide customers with attractive interest rates and secure investment options. The new offerings are available for deposits under INR 2 crore.

- Advertisement -

Under the special tenure fixed deposit schemes, customers can earn an interest rate of 7.20% on deposits held for 35 months (3 years and 11 months), and 7.25% on deposits held for 55 months (4 years and 7 months). Furthermore, senior citizen customers have the opportunity to avail an additional interest margin of up to 0.5% above the prevailing rate of interest.

Ravi Santhanam, CMO, Head of Corporate Communications, Head of Liability Products and Managed Programs at HDFC Bank, emphasized the bank’s commitment to delivering the best banking experience to its customers. He stated, “Investment in fixed deposits is one of the safest instruments, offering assured returns. The new schemes will greatly benefit our customers and non-customers looking to keep their money safe for extended durations with high returns.”

HDFC Bank, with a balance sheet size of over Rs 24 lakh crore, holds the position of India’s largest private sector bank. Its continuous innovation and focus on customer satisfaction have made it a trusted name in the banking industry. By introducing these special tenure fixed deposit schemes, HDFC Bank aims to provide its customers with a secure and profitable investment option, reaffirming its commitment to meeting their banking and savings needs.

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
10 Breathtaking Waterfalls in India 9 Adverse Effects of Air Conditioners on Health 9 Well-Known Mango Varieties Found Across India 5 National Parks You Should Visit in India Before Monsoon Hits Experience Shillong’s 7 Unforgettable Sights That Will Awaken Your Senses!