Question about rates on fixed deposits (HDFC Bank).
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Written on: 04.11.2009 [12:15]
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Morrison
Morrison
Topic creator
Posts: 4
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I have a question about rates on fixed deposits (HDFC Bank). Why can I get a higher rate of interest if I invest for 2 years 16 days than for 10 years? |
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Written on: 11.11.2009 [16:58]
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Katie
Katie
Posts: 5
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You can't get those interest rates now: the fixed deposits interest rate chart just shows you the rates that they have offered in the past. For example, they offered a rate of 7% if you invested less than Rs.15 Lacs on August 03, 2009, but they offered a rate of just 6% if you invested the same amount in May. These are the standard, not senior rates. The rates change depending on economic conditions etc. If you want to organise a fixed deposit now, today, you will be quoted their current rate: it says on their site that rates can change at any time, but the actual interest rate you will receive will be shown when you apply. You have a chance to see and consider the rate before you have to accept it, of course! |
| Also very interesting: | |
