HDFC Bank trades higher on launching two special tenure fixed deposit schemes
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HDFC Bank is currently trading at Rs. 1614.70, up by 3.35 points or 0.21% from its previous closing of Rs. 1611.35 on the BSE.
The scrip opened at Rs. 1622.00 and has touched a high and low of Rs. 1622.00 and Rs. 1611.70 respectively. So far 69528 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1733.95 on 04-May-2023 and a 52 week low of Rs. 1271.75 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1642.00 and Rs. 1602.00 respectively. The current market cap of the company is Rs. 904569.10 crore.
The promoters holding in the company stood at 25.59%, while Institutions and Non-Institutions held 60.49% and 13.92% respectively.
HDFC Bank has launched two special tenure fixed deposit schemes, with an overall tenure of 35 and 55 months. The special tenure fixed deposit schemes can be availed on deposits under Rs 2 crore.
Customers can avail 7.20% interest on fixed deposits held for 35 months (2years and 11 months), and 7.25% interest on fixed deposits held for 55 months (4years and 7months). In addition, senior citizen customers can avail an additional interest margin of up to 0.5% over and above the accepted rate of interest. As deposit rates are near its peak, the new Special Edition Fixed Deposit scheme will benefit customers looking to keep their money for extended term with assured high returns.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
