: What happens to 41 workers trapped inside Uttarkashi tunnel when rescued TDS will be deducted when interest payable or reinvested on RD and FD per customer in all branches exceeds Rs 40,000 (Rs 50,000 for senior citizens) in a financial year.Ĭhoppers, green corridor, beds in AIIMS. ![]() TDS is applicable on RD as per the Finance Act 2015. The method of calculating the interest on RDs will be on Actual/Actual Quarterly Compounding. ![]() The bank will now give 4.50 per cent to 6.25 per cent interest rates on RDs with tenures ranging from 6-120 months for the general public.Īccording to HDFC, interest on a Recurring Deposit is going to be calculated from the date the instalment is paid. HDFC Bank also changed the interest rates on recurring deposits on 26 October. Senior citizens will now receive an interest rate ranging from 3.5 per cent to 6.95 per cent on FDs with a tenure of seven days to 10 years. Senior citizens will get an additional interest rate of 50 bps over and above those provided to general customers. HDFC Bank is now giving an interest rate ranging from 3 per cent to 6.25 per cent on deposits maturing in 7 days to 10 years to general customers. The new rates are applicable for deposit amounts less than Rs 2 crore. The new interest rates came into effect from 26 October. It has hiked the FD interest rates by up to 50 basis points (bps). ![]() HDFC Bank has hiked the interest rates on fixed deposits (FDs) again this month.
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