As indicated by the information delivered by the bank, with impact from February 2, 2022, HDFC Bank will give 3% interest on investment accounts with an balance of not as much as Rs 50 lakh. With impact from February 2, 2022, the bank will give 3.50% interest on the balance sum above Rs 50 lakh and not as much as Rs 1,000 crore in the account.
If there is more than Rs 1,000 crore in the account, the interest of 4.50% will be accessible on the balance sum. HDFC Bank said in an explanation that the modified rates would be material to homegrown, NRO and NRE investment accounts.
PNB also made changes
Punjab National Bank has cut interest on homegrown and NRI investment accounts by five premise focuses. The bank had offered an interest of 2.80% on the balance not as much as Rs 10 lakh in the savings account, which will currently be 2.75%.
For account adjusts beneath Rs 10 lakh and Rs 500 crore, PNB was offering 2.85 loan cost, which has been changed to 2.80% till February 3, 2022. The bank will give 3.25% loan fee on the balance measure of Rs 500 crore or more in the savings account.
Punjab and Sind Bank has additionally changed its interest on savings accounts with impact from February 1. The bank will currently offer 3% interest on investment account adjusts beneath Rs 10 crore. In the mean time, for account adjusts of Rs 10 crore or more, the rate has been updated to 3.20%.
