Good News For HDFC Bank Customers! Lender Hiked FD Interest Rates On These Fixed Deposits

HDFC bank has revised its FD rates for the deposits on different tenure. You can check new rate of returns over here for general & senior citizens.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Published: June 11, 2024, 12:47 PM IST

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https://www.india.com/business/good-news-for-hdfc-bank-customers-lender-hiked-fd-interest-rates-on-these-fixed-deposits-7006745/ Copy

HDFC Bank has revised the interest rate for fixed deposit (FD) which is below ₹2 crore, effective from June 10, 2024. It will benefit both general citizens and senior citizens who will invest in different tenures.

HDFC Bank New FD Interest Rates

HDFC Bank now offers interest rates from 3% to 7.25% for deposit ranges between 7 days to 10 years.

The highest interest rate of 7.25% is available for tenures of 18 months to less than 21 months.

Changes In Interest Rates:

• 2 years 11 months to less than 3 years: Increased from 7% to 7.15%
• 2 years 1 day to less than 2 years 11 months: Increased from 7% to 7.15%
• 3 years 1 day to less than 4 years 7 months: Increased by 20 basis points to 7.20%
• 4 years 7 months 1 day to less than 5 years: Increased by 20 basis points to 7.20%

Revised Interest Rates For Senior Citizen

Senior citizens will also benefit from increased rates, with a premium of 0.50% over the standard rates.

HDFC Bank Recurring Deposit Rates

HDFC Bank has revised the interest rates for its recurring deposits for the period of 27 and 36 months, providing 7.15% interest for regular citizens and 7.65% for senior citizens. For durations of 39, 48, and 60 months, the bank offers 7.20% interest for regular citizens and 7.70% for senior citizens.