HDFC Bank said that 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, HDFC Bank said.
Similarly, PNB said that it will reduce interest rate on saving deposits up to Rs 50 lakh by 0.5 per cent to 3.5 per cent, whereas savings fund account balance of above Rs 50 lakh will garner interest at the rate of 4 per cent per annum.
In recent days, 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.)
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.