Click it and Unblock the Notifications
HDFC Bank Trims FD Rates By Up To 50 Bps On Tenors of 15 Months-10 Years Effective From Today, 19th April
In line with other prominent Indian banks, including SBI, Axis Bank, Yes Bank, ICICI Bank, Kotak Mahindra Bank, Bank of India, Bank of Baroda, Canara Bank, Punjab National Bank, Federal Bank, and IDBI Bank, HDFC Bank, the country's largest private sector lender by market capitalization and asset base, has announced a reduction in interest rates on fixed deposits of less than Rs 3 Cr. The aforementioned banks' lowering fixed deposit interest rates follows the Reserve Bank of India's (RBI) 25 basis point reductions in the repo rate in February (from 6.50% to 6.25%) and April (from 6.25% to 6.00%) during the MPC meeting.
HDFC Bank FD Rates
According to HDFC Bank's official website, the latest fixed deposit (FD) rates go into effect on April 19, 2025. The bank has kept its interest rate at 3% for FDs with durations of 7 to 29 days, while HDFC Bank will continue to pay an interest rate of 3.50% for those with maturities of 30 to 45 days. HDFC Bank would still provide 4.50% interest on 46-6 month fixed deposit tenures and 5.75% interest on 6-9 month FD tenures.
HDFC Bank FDs maturing in 9 months to 1 year will continue to fetch an interest rate of 6.00% and those maturing in 1 year to 15 months will continue to fetch an interest rate of 6.60%.
HDFC Bank FDs that mature in 15 to 18 months will now fetch an interest rate of 7.05%, down from 7.10% previously, which represents a 5 basis point rate cut. Similarly, HDFC Bank FDs that mature in 18 to 21 months will now fetch an interest rate of 7.05%, down from 7.25% previously, representing a 20 basis point rate cut.
The interest rate for HDFC Bank FDs that mature between 21 months to 2 years is now 6.70%, down from 7% before, which represents a 30 basis point rate drop. For FDs maturing in 2 years, 1 day to 3 years, the interest rate is now 6.90%, down from 7% previously, indicating a 10 basis point rate cut.
The interest rate on HDFC Bank fixed deposits maturing in 3 years, 1 day to 5 years will now be 6.75%, down from 7% previously, representing a 25 basis point rate cut. The interest rate on HDFC Bank fixed deposits maturing in 5 years, 1 day to 10 years will now be 6.50%, down from 7% previously, representing a 50 basis point rate cut.
| Tenor Bucket | Interest Rate (per annum) for less than Rs 3 Cr | Senior Citizen Rates (per annum) |
|---|---|---|
| 7 - 14 days | 3.00% | 3.50% |
| 15 - 29 days | 3.00% | 3.50% |
| 30 - 45 days | 3.50% | 4.00% |
| 46 - 60 days | 4.50% | 5.00% |
| 61 - 89 days | 4.50% | 5.00% |
| 90 days - 6 months | 4.50% | 5.00% |
| 6 months 1 days - 9 months | 5.75% | 6.25% |
| 9 months 1 day to 1 year | 6.00% | 6.50% |
| 1 year to 15 months | 6.60% | 7.10% |
| 15 months to 18 months | 7.05% | 7.55% |
| 18 months to 21 months | 7.05% | 7.55% |
| 21 months - 2 years | 6.70% | 7.20% |
| 2 Years 1 day to 2 Year 11 Months | 6.90% | 7.40% |
| 2 Years 11 Months - 35 Months | 6.90% | 7.40% |
| 2 Years 11 Months 1 day - 3 Year | 6.90% | 7.40% |
| 3 Years 1 day to 4 Years 7 Months | 6.75% | 7.25% |
| 4 Year 7 Months - 55 months | 6.75% | 7.25% |
| 4 Year 7 Months 1 day - 5 Years | 6.75% | 7.25% |
| 5 Years 1 day - 10 Years | 6.50% | 7.00% |
| Source: Bank Website. Applicable from 19th April , 2025 |
HDFC Bank Savings Account Rates
After the RBI repo rate cut, HDFC Bank reduced the interest rate for savings bank deposit accounts as of April 12, 2025. The bank will give an interest rate of 2.75% on savings account balances under Rs 50 lakh, and HDFC Bank will offer an interest rate of 3.25% on balance slabs of Rs 50 lakh and above.
| Savings Account Balance | Interest Rate p.a |
|---|---|
| Less than ₹50 Lakh | 2.75% |
| Of and above ₹50 Lakh | 3.25% |
HDFC Bank Q4FY25 Results
The standalone and consolidated financial results for the quarter and year ending March 31, 2025, were released by HDFC Bank on Saturday. The company's standalone net profit was Rs 17,616.14 Cr, up 6.7% from Rs 16,511.85 Cr in the same period last year. The bank's net interest income jumped by 10.3% from Rs 29,080 crore for the quarter ending March 31, 2024, to Rs 32,070 crore for the quarter ending March 31, 2025.
In Q4FY25, HDFC Bank recorded a net profit of Rs 18,834.88 Cr, up 6.9% YoY from Q4FY24's net profit of Rs 17,622.38 Cr. The bank's March 2025 quarter consolidated net income was Rs 1,20,268.76 Cr, a 3.3% YoY decrease from the March 2024 quarter's Rs 1,24,391.35 Cr. PAT (profit after tax) increased by 10.7% from FY24 to Rs 67,350 crore in FY25.
Sign in with Google