Here is some important news for all HDFC customers. The bank has made changes in the interest rates. So if you are an HDFC customer, you must update yourself with the latest savings interest rates from the bank.
The latest interest rates are applicable from April 6, 2022. Customers who have a balance below Rs 50 lakh will get an interest rate of 3% and for more than Rs 50 lakhs; customers will get an interest rate of 3.50%.
HDFC Bank also mentioned that these interest rates are applicable for domestic, NRO and NRE deposit savings accounts. Recently, they made changes to their FD interest rates as well, read here.
Apart from HDFC Bank, many other banks have revised their interest rates. Recently ICICI bank cut down their interest rates on FDs by 0.05% for different maturity periods.
ICICI has cut down interest rates on FDs worth more than Rs 2 crore but below Rs 5 crore. Interest rates on FD schemes worth less than Rs 2 crore have remained unchanged.