HDFC Bank Boosts FD Interest Rates for Select Customers
HDFC Bank has increased FD interest rates for its customers, providing a 10 basis points hike to 6.50% for those with certain tenure periods. Relief has been provided to new investors despite previous reductions, and the new rates range from 2.75% to 6.50% for general customers and from 3.25% to 7% for senior citizens.
Highlights
- •HDFC Bank increases FD interest rates to 6.50% for fixed deposit periods of 3 years and 1 day to less than 4 years and 7 months.
- •The hike is aimed at offering relief to new investors, following a recent reduction in interest rates for other tenures.
- •The bank's interest rates currently range from 2.75% to 6.50% for general customers and from 3.25% to 7% for senior citizens.
- •HDFC Bank provides detailed interest rates for maturities from 7 days to 10 years, offering more insight into its fixed deposit options.
HDFC Bank has announced a significant increase in the interest rates on Fixed Deposits (FDs) for investors with specific tenure periods. The bank raised interest rates by 10 basis points, or 0.10%, for FDs with tenures from 3 years and 1 day to less than 4 years and 7 months, effective from March 6, 2026.
Previously, general customers received an interest rate of 6.40% for this duration, but now it has been increased to 6.50%. For senior citizens, the interest rate has been raised from 6.90% to 7%.
Despite previous rate reductions for certain tenures, HDFC Bank’s most recent interest rate hike for a specific period has provided relief to new investors. Current FD interest rates range from 2.75% to 6.50% for general customers, and from 3.25% to 7% for senior citizens. These rates apply to FDs with maturities from 7 days to 10 years.
The article also highlights different FD interest rates for various periods, from short-term FDs with maturities of 7-14 days or 15-29 days, which offer an interest rate of 2.75% for both general and senior customers, to longer-term FDs with maturities of 18 months to 2 years, which provide an interest rate of 6.45% for general customers and 6.95% for senior citizens.
