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HDFC Bank cuts deposit rates

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Mumbai, April 22 HDFC Bank, the second largest private sector bank, has reduced the interest rates on deposits of some tenors by 25-35 basis points, with immediate effect.

According to data on the bank’s Web site, the bank has cut the rates on deposits having maturity periods ranging from one year and up to eight years to 7.75 per cent.

More Stories on : Fixed Deposits | Interest Rates | HDFC Bank Ltd

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