HDFC Bank has updated its fixed deposit (FD) interest rates for deposits less than ₹3 crore, effective from July 24, 2024. The revised rates offer attractive returns for both the general public and senior citizens, across tenors ranging from 7 days to 10 years.
New Interest Rates
The new rates offer higher returns on specific tenors:
- General Public: 3% to 7%
- Senior Citizens: 3.5% to 7.5%
Customers can benefit from higher interest rates for tenures of 35 months (2 years and 11 months) and 55 months (4 years and 7 months) for a limited period. Additionally, senior citizens will receive a 0.50% higher interest rate during this promotional period.
Maximum Interest Rates
For deposits maturing in 1 year to less than 15 months:
- Senior Citizens: 7.1%
- Regular Customers: 6.6%
Detailed Revised FD Rates
Note that the senior citizen rates do not apply to NRIs.
Additional Information
For further details and to apply for fixed deposits, customers can visit HDFC Bank’s official website or their nearest branch.
Detailed Revised FD Rates
| Tenure | Interest Rate (per annum) | Interest Rate for Senior Citizens (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 day <= 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 Years 11 Months | 7.00% | 7.50% |
| 2 Years 11 Months – 35 Months | 7.35% | 7.85% |
| 2 Years 11 Months 1 day <= 3 Years | 7.00% | 7.50% |
| 3 Years 1 day to < 4 Years 7 Months | 7.00% | 7.50% |
| 4 Years 7 Months – 55 Months | 7.40% | 7.90% |
| 4 Years 7 Months 1 day <= 5 Years | 7.00% | 7.50% |
| 5 Years 1 day – 10 Years | 7.00% | 7.50% |
Note that the senior citizen rates do not apply to NRIs.
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