HDFC Bank has revised its fixed deposit (FD) interest rates, offering higher returns on selected deposit periods. The updated rates providing depositors with improved interest earnings on certain investments.
Interest Rates Increased on Selected Tenures
The bank has increased FD interest rates by up to 50 basis points on selected maturity periods for deposits below ₹3 crore.
For general customers, the highest interest rate has increased to 6.60% per annum on eligible deposits with tenures ranging from 5 years and 1 day to 10 years.
Senior citizens can receive interest of up to 7.20% per annum, depending on the deposit period.
Short-Term FD Rates Also Revised
HDFC Bank has also increased rates on selected short-term deposits.
For deposits with tenures between 61 days and six months, the interest rate has increased from 4.25% to 4.75% for general customers.
Some other deposit periods have also received revised rates, while several existing FD slabs remain unchanged.
What Should Depositors Know?
The revised rates apply to eligible domestic fixed deposits below ₹3 crore. Actual returns depend on the amount deposited, selected tenure and applicable bank conditions.
Customers should check the latest FD rate chart before opening a new deposit or renewing an existing one.
The revision comes amid changing interest-rate conditions in the banking sector, with several lenders adjusting their deposit rates ahead of the festive season.
