HDFC Bank Revises Interest Rates On FDs: Check New Rates Here

India's largest private sector lender HDFC Bank has revised interest rates on fixed deposits (FDs) of less than Rs 2 Cr. The bank has two special tenures of 35 months and 55 months with higher interest rate advantages of 0.05% announced on May 29, 2023. The bank discontinued these two tenures on October 1, 2023, marking the end of the bank's limited-time offer of these special interest rates. Due to the bank's recent FD rate revision and the expiration of the aforementioned two special fixed deposit (FD) tenures, customers will witness a drop in interest of 0.05% on the aforementioned special tenures.

HDFC Bank FD Rates

On fixed deposits maturing in 7 to 29 days the bank is offering an interest rate of 3% and on those maturing in 30 - 45 days, HDFC Bank is paying an interest rate of 3.50%. HDFC Bank is paying an interest rate of 4.50% on a deposit tenure of 46 days to 6 months and 5.75% on a tenure of 6 months 1 days to 9 months. Deposits maturing in 9 months 1 day to 1 year will fetch an interest rate of 6.00% and those maturing in 1 year to 15 months will fetch an interest rate of 6.60%.

The bank is giving an interest rate of 7.10% on FDs maturing in 15 months to 18 months, while it is paying an interest rate of 7.00% on FDs due in 18 months to 2 years and 11 Months. On a deposit duration of 2 years 11 months to 35 months, HDFC Bank pays an interest rate of 7.15%, and on a deposit tenure of 2 years 11 months 1 day to 4 years 7 months, the interest rate is 7%. Deposits that mature in 4 years 7 months to 55 months will earn interest at 7.20%, and those that mature in 4 years 7 months to 10 years at 7%.

You can set up a fixed deposit at HDFC Bank with as little as Rs 5,000 with an array of maturities which are suitable for your financial goals. You may take advantage of HDFC Bank's attractive FD interest rates, which come with extra benefits like sweep-in options and overdraft features, to earn assured returns. You have three options for interest payments with the HDFC Bank Fixed Deposit: monthly, quarterly, or at maturity. You may choose a re-investment FD at HDFC Bank to receive compound interest.

You may pick the Senior Citizen Care FD at HDFC Bank particularly curated for senior citizens. Senior Citizens who want to book a fixed deposit for less than 5 crores for a term of 7 days to 5 years would receive an additional premium of 0.50% over and above the standard rates. Senior individuals will, however, receive an additional 75 bps advantage over and above the regular rates on tenure of 5 years and 1 day to 10 years.

Following the recent revision in interest rates, HDFC Bank is now offering a maximum return of 7.20% to the general public on 4 year 7 months - 55 months tenure and 7.75% for senior citizens on a maturity period of 5 years 1 day - 10 years.