HDFC Bank ups deposit rates by 150 basis points

Fixed deposits with maturity between 3 and 10 years will now yield more at 7.5 per cent against the earlier rate of 6 per cent, while interest rate for term deposits between 2 and 3 years has been raised by 100 basis points to 7 per cent from the prevailing 6 per cent interest rate. 

However, fixed deposit of 1 years and 16 days tenure the interest rate will be 6.75 per cent, said the bank in its website.

Also, HDFC Bank will provide 0.5 per cent or 50 basis points extra over the card rate to its senior citizens customers. Interest rates mentioned afore are for deposits up to Rs 15 lakh and below, while for fixed deposits for above Rs 15 lakh.