Interest Rates for 5 Cr and above
All You Need To Know
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DOMESTIC/NRE/NRO TERM DEPOSITS INTEREST RATES FOR AMOUNTS GREATER THAN OR EQUAL TO 5 CRS WEF 20th Dec, 2023
| RATES - DOMESTIC/NRE/NRO TERM DEPOSITS FOR AMOUNTS EQUAL & MORE THAN RS. 5 Cr (Withdrawable) | ||||||||||
| APPLICABLE FOR 20th Dec, 2023 | ||||||||||
| Period | 5crore<5.25 crore | >=5.25 crore <5.50 crore | >=5.50 crore <24.75 crore | >=24.75 crore to <25 crore | >= 25crore to < 50 crore | >= 50 crore to < 100 crore | >= 100crore to < 200 crore | >= 200crore to < 300 crore | >= 300 crore to < 500 crore | >= 500 crore |
| 7 - 14 days | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% |
| 15-29 days | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% |
| 30-45 days | 5.50% | 4.75% | 5.50% | 4.75% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% |
| 46-60 days | 5.75% | 4.75% | 5.75% | 4.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% |
| 61-89 days | 6.00% | 4.75% | 6.00% | 4.75% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% | 6.00% |
| 90 days <= 120 Days | 6.50% | 4.75% | 6.50% | 4.75% | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| 121 days <= 150 days | 6.50% | 4.75% | 6.50% | 4.75% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
| 151 days <=6 Months | 6.50% | 4.75% | 6.50% | 4.75% | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% |
| 6 months 1 day <=9months | 6.75% | 4.75% | 6.75% | 4.75% | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% | 7.10% |
| 9 months 1 day to < 1 Year | 6.85% | 5.00% | 6.85% | 5.00% | 7.25% | 7.25% | 7.25% | 7.25% | 7.25% | 7.25% |
| 1 Year to < 15 months | 7.25% | 5.00% | 7.25% | 5.00% | 7.30% | 7.30% | 7.30% | 7.30% | 7.30% | 7.30% |
| 15 months to < 18 months | 7.05% | 5.00% | 7.05% | 5.00% | 7.05% | 7.05% | 7.05% | 7.05% | 7.05% | 7.05% |
| 18 months to < 21 months | 7.05% | 5.00% | 7.05% | 5.00% | 7.05% | 7.05% | 7.05% | 7.05% | 7.05% | 7.05% |
| 21 months to 2 years | 7.05% | 5.00% | 7.05% | 5.00% | 7.05% | 7.05% | 7.05% | 7.05% | 7.05% | 7.05% |
| 2 year 1 day to 3 years | 7.00% | 5.00% | 7.00% | 5.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
| 3 year 1 day to 5 years | 7.00% | 5.00% | 7.00% | 5.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
| 5 year 1 day to 10 years | 7.00% | 5.00% | 7.00% | 5.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
IMPORTANT NOTES:
- With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Sweep-in/Partial Withdrawal will be 1% lower (as applicable) of the rate on the date of deposit booked, to the period for which deposit remained with the bank and not at the contracted rate. No Interest will be paid if the NRE deposit is prematurely withdrawn before 1 Year. The minimum tenor for NRE deposit is 1 Year .
- Central or State Government establishments such as Apex Bodies, Union Government, State Government, Union Territories Government, Legislature, Judiciary, Embassies, Missions, Panchayat, District, Local Body and certain other entities which are 100% owned by Government shall be eligible for exemption from penalty applicable on premature withdrawal of Fixed deposits for Deposits booked/renewed on or after 1st July’23. Customers who wish to avail this facility on new booking or renewal, are requested to visit nearest Branch prior to new booking or date of renewal of deposit with request letter and requisite documents (if required). For more details, Please contact your Branch/Relationship Manager. Please note this facility will not be available for online booking of FD.
- Single Fixed Deposit of Rs. 25 crore and above (WEF 01/09/2017) and single deposits booked in 5.25 crore <5.50 crore and 24.75 crore <25 crore (WEF 29/08/2018), With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal will be the rate on the date of deposit booked, to the period for which deposit remained with the bank and not at the contracted rate.
- Partial withdrawal and sweep-in facility is not allowed (except for amounts greater than or equal to 25 crs).
- The interest is calculated on a quarterly basis for deposits with a tenor above 6 months. A deposit with a tenor below 6 months, interest is calculated on maturity as Simple Interest. The period of such Fixed Deposit is calculated in number of days.
- The FD rate applicable for a monthly interest option will be a discounted rate over the standard FD Rate. Please contact the nearest Branch for further information.
- Deposit will be booked upon availability of clear funds with the bank and applicable interest rate will be given as on the date of receipt of the funds by the bank.
- The above rates are applicable for fresh and renewal fixed deposits and are subject to change from time to time without prior notice.
- For terms and conditions and other details , please contact your nearest HDFC Bank Branch/Relationship Manager
- As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
- Tax at source is deducted as per the Income Tax regulations prevalent from time to time.