HDFC Bank has increased fixed deposit interest rates on certain tenures by up to 25 basis points (bps) for deposits below Rs 2 crore. The new FD rates are effective from February 9, 2024, as per the HDFC Bank website.
Which FD tenure interest rate has HDFC Bank?
The bank offers interest rates between 3.5% to 7.75% on tenures ranging from 7 days to 10 years. The Bank has hiked on tenure of 18 months to less than 21 months from 7% to 7.25%.HDFC Bank is currently giving a 3% interest rate on fixed deposits maturing between 7 and 29 days for general citizens. Deposits maturing between 30 and 45 days will earn 3.50% interest, while FDs maturing between 46 days and less than six months would receive 4.50% interest. For deposits maturing between six months and one day and less than nine months, the bank gives a 5.75% interest rate. The bank will give a 6% interest rate on deposits maturing between nine months and one day and less than one year.Also read: HDFC Bank launches 4 new credit cards: Eligibility, fees and charges, features
Fixed deposits maturing between one year and less than 15 months currently earn a 6.60% interest rate, while FDs maturing between 15 months and less than 18 months get a 7.10% interest rate. The bank has hiked Fd interest rate on tenure of 18 months to less than 21 months by 25 bps from 7% to 7.25%
HDFC Bank will now offer a 7% interest rate on deposits maturing between 21 months and less than two years and eleven months.
With the exception of the tenures of 35 and 55 months, when it offers 7.15% and 7.20%, respectively, the bank will pay 7% on the remaining tenures.
HDFC Bank senior citizen FD interest rates
The bank offers interest rates between 3.5% to 7.75% on tenures ranging from 7 days to 10 years. The highest interest rate of 7.75% is offered on tenure of 18 months to less than 21 months.
Latest HDFC Bank FD interest rates w.e.f February 9, 2024
| 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% |
| 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 | 7.10% | 7.60% |
| 18 months to < 21 months | 7.25% | 7.75% |
| 21 months – 2 years | 7.00% | 7.50% |
| 2 Years 1 day to < 2 Year 11 Months | 7.00% | 7.50% |
| 2 Years 11 Months – 35 Months | 7.15% | 7.65% |
| 2 Years 11 Months 1 day < = 3 Year | 7.00% | 7.50% |
| 3 Years 1 day to < 4 Years 7 Months | 7.00% | 7.50% |
| 4 Year 7 Months – 55 months | 7.20% | 7.70% |
| 4 Year 7 Months 1 day < = 5 Years | 7.00% | 7.50% |
| 5 Years 1 day – 10 Years | 7.00% | 7.75%* |
(Source: HDFC Bank website)
HDFC Bank bulk deposits interest rates
HDFC Bank has revised again its bulk deposit interest rate, this time it has hiked FD interest rate by 20 bps on tenure of 18 months to less than 21 months from 7.05 to 7.25%.
Also read: HDFC Bank increases interest rates on loan by up to 10 bps: Check details
