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HDFC Bank revises interest rates on savings accounts

Posted By: Doraiah Vundavally August 17, 2017

HDFC Bank revises interest rates on savings accountsMumbai, Aug 17 (IANS) HDFC Bank Ltd on Thursday said it will reduce interest rate by 0.5 per cent on saving bank deposits of below Rs 50 lakh to 3.5 per cent with effective from Saturday.

Post revision, customers maintaining savings bank account balance of Rs 50 lakh and above will continue to earn interest at 4 per cent per annum.

The revised rates will be applicable to both resident and non-resident customers, the bank said.

 

Many private and public lenders including the State Bank of India have slashed their saving account deposit rates.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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HDFC Bank revises interest rates on savings accounts

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.