Mumbai, Dec 06: HDFC has reduced interest rates for individual deposits by 0.25 per cent across the board with effect from December 10. The annual income plan for a tenure of 12-23 months would now attract an interest rate of 5.75 per cent (earlier six per cent) while it would be 6.25 per cent for deposits of 36-84 months, HDFC said in a release here today.
Under the monthly income plan, the revised rate is 5.5 per cent and six per cent respectively for these tenures.
The housing finance major said this reduction was also effective to cumulative, non-cumulative options and easy way savings.
Bureau Report