HDFC Bank, India’s premier private sector lender, has recently announced a revision in its interest rates for bulk fixed deposits (FDs) ranging from ₹2 crore to less than ₹5 crore. This move aims to provide investors with lucrative opportunities to grow their savings. Effective from February 3, 2024, these updated rates offer competitive returns for both general customers and senior citizens.
Tailored Rates for Every Investor
Discover the tailored interest rates offered by HDFC Bank across various deposit tenors, designed to suit the diverse needs and preferences of investors. Whether you’re seeking short-term gains or planning for long-term financial stability, HDFC Bank ensures that there’s a suitable option for you.
Exploring HDFC Bank’s Enhanced Fixed Deposit Rates
Let’s delve into the specifics of HDFC Bank’s revamped fixed deposit rates:
For General Customers:
| Range | Interest Rate |
|---|---|
| 7 – 14 days | 4.75% |
| 15 – 29 days | 4.75% |
| 30 – 45 days | 5.50% |
| 46 – 60 days | 5.75% |
| 61 – 89 days | 6.00% |
| 90 days <= 6 months | 6.50% |
| 6 mnths 1 day <=9mnths | 6.65% |
| 9 mnths 1 day to < 1 Year | 6.75% |
| 1 Year to < 15 months | 7.40% |
| 15 months to < 18 months | 7.05% |
| 18 months to < 21 months | 7.05% |
| 21 months to 2 years | 7.05% |
| 2 year 1 day to 3 years | 7.00% |
| 3 year 1 day to 5 years | 7.00% |
| 5 year 1 day to 10 years | 7.00% |
For Senior Citizens:
| Range | Interest Rate |
|---|---|
| 7 – 14 days | 5.25% |
| 15 – 29 days | 5.25% |
| 30 – 45 days | 6.00% |
| 46 – 60 days | 6.25% |
| 61 – 89 days | 6.50% |
| 90 days <= 6 months | 7.00% |
| 6 mnths 1 day <=9mnths | 7.15% |
| 9 mnths 1 day to < 1 Year | 7.25% |
| 1 Year to < 15 months | 7.90% |
| 15 months to < 18 months | 7.55% |
| 18 months to < 21 months | 7.55% |
| 21 months to 2 years | 7.55% |
| 2 year 1 day to 3 years | 7.50% |
| 3 year 1 day to 5 years | 7.50% |
| 5 year 1 day to 10 years | 7.75% |
Strategic Expansion Plans
In addition to enhancing its fixed deposit rates, HDFC Bank has secured approval from the Reserve Bank of India (RBI) to acquire stakes in six prominent private lenders. This strategic move underscores HDFC Bank’s commitment to growth and solidifies its position as a leading player in the Indian banking sector.
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