The new HDFC Bank RD interest rate hike ranges from 15 to 20 basis points, depending upon the tenor, with senior citizens getting extra extra returns, depending on the tenor. The HDFC Bank RD interest rate hike comes at a time when banks are hiking their interest rates on everything, including loans and fixed deposits. As a result of this move, recurring deposits at the HDFC Bank with tenors of 27 months up to 120 months will see the changes in the interest rates. The new rates have come effective from last week, the bank has said in a notification. HDFC Bank Recurring Deposit Rates Increased: India’s largest private sector lender HDFC Bank has recently hiked its recurring deposit interest rates.
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