Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

HDFC 1 year 15 day deposit at 8%

4 Dec 2006Deepak Shenoy1 min read

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What is "HDFC 1 year 15 day deposit at 8%" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 4 December 2006.
How long does this article take to read?: 1 min read

I’ve just noticed that HDFC’s Interest rates have changed recently. They offer 7% for a one year deposit, but a special rate applies for a deposit of 1 year and 15 days: 8% per year compounded quarterly.

This seems to apply only for deposits from 1 year 15 days to 1 year 16 days. If you take a deposit of lesser days or more days (1 year 14 days or 1 year 17 days you get only 7%!)