Finance
Sock JohnsonHDFC Bank Drops FD Rates Like A True Champion In The Ring!
HDFC Bank, the heavyweight champ of private lending, just knocked down its fixed deposit rates! Effective December 17, the peak rate is now a slick 6.45%, down from 6.60%. With rates ranging from 2.75% to 6.45%, this move follows a repo rate cut, showing banks are easing up. So, savers, time to plot your next money move like a true champion!
few days ago | BS Reporter
Quick rundown
1.HDFC Bank lowers fixed deposit rates effective December 17.
2.SBI also reduces deposit rates following repo rate cut.
3.Repo rate reduced by 125 basis points in current cycle.
4.HDFC and SBI both cut peak deposit rates by 15 basis points.
5.Interest rates now range from 2.75% to 6.45% at HDFC.
