Get up to 7.75% interest on fixed-rate deposits (FDs) with HDFC Bank; check out the most recent rates here
HDFC Bank has recently elevated its fixed deposit interest rates for specific tenures by up to 25 basis points (bps) for deposits below Rs 2 crore. These revised FD rates came into effect on February 9, as per the information available on the HDFC Bank website.
The current FD rates offered by HDFC Bank exhibit a range from 3.5% to 7.75%, spanning various FD tenures from 7 days to 10 years. Notably, the bank has increased the interest rate for the 18-month to less than 21-month tenure from 7% to 7.25%.
Here’s a breakdown of the recent HDFC Bank FD rates:
- For deposits maturing between 7 and 29 days, the interest rate is 3%.
- Deposits maturing between 30 and 45 days carry an interest rate of 3.50%.
- Those maturing between 46 days and less than six months earn a 4.50% interest.
- For deposits maturing between six months and less than nine months, the interest rate is 5.75%, and for those maturing between nine months and less than one year, it’s 6%.
- Fixed deposits maturing between one year and less than 15 months earn a 6.60% interest rate.
- Deposits maturing between 15 months and less than 18 months receive a 7.10% interest rate.
- The interest rate on deposits maturing between 18 months and less than 21 months has been increased by 25 basis points, from 7% to 7.25%.
- HDFC Bank is now offering a 7% interest rate on deposits maturing between 21 months and less than three years.
- Except for the tenures of 35 and 55 months, where the bank offers 7.15% and 7.20% interest rates respectively, HDFC Bank will pay 7% on the remaining durations.
For senior citizens, HDFC Bank provides interest rates ranging from 3.5% to 7.75% on durations spanning from 7 days to 10 years. Notably, the highest interest rate of 7.75% is offered on deposits with a tenure of 18 months to less than 21 months.
The new HDFC Bank FD interest rates, effective February 9, are detailed in the table below:
| FD Tenure | Regular Interest Rates (per annum) | 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% |
| … (Continued) |
HDFC Bank has also revised its bulk deposit interest rates, increasing the FD interest rate by 20 basis points (bps) on the tenure of 18 months to less than 21 months, raising it from 7.05% to 7.25%.
