HDFC Bank FD Rates: The bank has decided to increase the FD interest rates by 75 basis points i.e. 0.75 percent and these new interest rates have come into effect from 11 October 2022.
HDFC Bank FD Rates: HDFC Bank of the private sector has given great news to its customers. The bank has increased the interest rates on FDs i.e. fixed deposits of less than Rs 2 crore. The bank has decided to increase the interest rates of FD by 75 basis points i.e. 0.75 percent and these new interest rates have come into effect from October 11, 2022.
Its official information has been given on the bank’s website. Let us tell you that after increasing the repo rate by the Reserve Bank of India (RBI), many banks are now changing their lending rate and FD interest rates. Apart from HDFC Bank, AU Small Finance Bank also increased the interest rates on its FDs.
HDFC Bank FD: Know details here
| Tenor Bucket | < 2 Crore | |
|---|---|---|
| Interest Rate (per annum) | **Senior Citizen Rates (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 | 3.50% | 4.00% |
| 61 – 89 days | 4.00% | 4.50% |
| 90 days – 6 months | 4.25% | 4.75% |
| 6 mnths 1 days – 9 mnths | 5.00% | 5.50% |
| 9 mnths 1 day < 1 Year | 5.00% | 5.50% |
| 1 Year | 5.70% | 6.20% |
| 1 year 1 day – 2 years | 5.70% | 6.20% |
| 2 years 1 day – 3 years | 5.80% | 6.30% |
| 3 year 1 day- 5 years | 6.10% | 6.60% |
| 5 years 1 day – 10 years | 6.00% | 6.75%* |
HDFC Bank also increased rates on RD
Apart from fixed deposits, HDFC Bank has also decided to increase the interest rates on RD i.e. recurring deposits. The bank has increased the interest rates of RD for Residents, NRO and NRE customers. The bank has changed the rates of RD for 6-36 months and 90-120 months.
HDFC Bank will now offer interest at the rate of 4.25% to 6.00% for 6-120 months. Although these rates are for general citizens and for senior citizens these rates are 4.75% to 6.75%.
AU Small Finance also increased rates
AU Small Finance Bank has increased the rates of fixed deposits by 60 basis points. The bank has increased the fixed deposit rate to 7.5 percent. Apart from this, more relief has been given to senior citizens and the rate of fixed deposit for senior citizens has been reduced to 8 percent. These new fixed deposit rates have come into effect from October 10, 2022.
