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HDFC Bank unveils revised interest rate for SB accounts

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HDFC-BankPrivate lender HDFC Bank has announced a revised interest rate chart for its savings Bank accounts, effective from August 19, 2017.

Post the revised rates, customers with savings account balance of Rs 50 lakh and above will continue to receive interest at 4 per cent per annum.

Customers with an account balance of below Rs. 50 lakh will attract an interest at 3.5 per cent per annum.

The bank has announced that the revised rates will be valid for both Resident and Non-resident customers.

HDFC Bank caters to over 37 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

As of June 30, 2017, the Bank reported a distribution network with 4,727 branches and 12,220 ATMs in 2,666 cities/towns.

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