HDFC Bank hikes fixed deposit interest rates: India’s largest private sector lender HDFC Bank has again increased its fixed deposit interest rates within a week of doing so. hdfc bank fd rate This hike is applicable on deposits below Rs 2 crore. new hdfc bank fixed deposit interest rates According to the lender’s website, have already come into effect. It has been implemented in different periods. Senior citizens will get additional interest on HDFC Bank fixed deposits.
HDFC Bank FD interest rates have come into effect from Friday, June 17. This comes as a direct result of the 50 basis points hike in repo rates by the RBI. Following the latest hike by the lender, HDFC Bank’s FD rates for tenures between 7 and 29 days have increased from 2.50 per cent to 2.75 per cent, which is an increase of 25 basis points. The lender increased the interest rate on fixed deposits maturing between 30 and 90 days by 25 basis points, from 3 per cent to 3.25 per cent now. For deposits maturing between 91 days to 6 months, the hike of 25 basis points has raised interest rates from 3.25 per cent to 3.75 per cent. HDFC Bank said on its website that deposits maturing in other tenors have also increased by 10-25 basis points.
“Only Senior Citizens/Retired Personnel (60 years and above) who are resident Indians are eligible. The special rates are applicable for resident deposits only,” HDFC Bank said on its website. HDFC Bank FD interest rate hike is applicable only on domestic/NRO/NRE accounts, the bank further said on its website.
Here are the revised interest rates on fixed deposits of less than Rs 2 crore in HDFC Bank with effect from June 17, 2022:
7 days to 14 days: for general public – 2.75 percent; For senior citizens – 3.25 percent
15 days to 29 days: for general public – 2.75 percent; For senior citizens – 3.25 percent
30 days to 45 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
46 days to 60 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
61 days to 90 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
91 days to 120 days: for general public – 3.75 percent; For senior citizens – 4.25 percent
6 months 1 day to 9 months: for general public – 4.65 percent; For senior citizens – 5.15 percent
From 9 months 1 day to less than a year: for general public – 4.65 percent; For senior citizens – 5.15 percent
1 year: for general public – 5.35 percent; For senior citizens – 5.85 percent
1 year 1 day to 2 years: for general public – 5.35 percent; For senior citizens – 5.85 percent
2 years 1 day to 3 years: for general public – 5.50 percent; For Senior Citizens – 6.00 percent
3 years 1 day to 5 years: for general public – 5.70 percent; For senior citizens – 6.20 percent
5 years 1 day to 10 years: for the general public – 5.75 percent; For Senior Citizens – 6.50 percent
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