FD Rates: HDFC, the country’s largest private bank, has increased interest on FDs above Rs 2 crore. After the Reserve Bank increased the repo rate in December, most of the banks increased the interest on FDs. HDFC Bank has increased the interest on FD earlier also.
RBI has increased the repo rate by up to 2.25 percent since May till now to control inflation. HDFC Bank is offering 3.00% to 7.00% interest to the general public and 3.50% to 7.75% to senior citizens on FDs ranging from 7 days to 10 years. HDFC Bank is now offering a maximum interest rate of 7.00% to general public and 7.75% to senior citizens on FDs of 5 years, 1 day to 10 years. These new rates have come into effect from January 24.
HDFC bank FD rate
7 days to 14 days: For general public – 3.00 per cent; For Senior Citizen – 3.50 percent
15 days to 29 days: For general public – 3.00 per cent; For Senior Citizen – 3.50 percent
30 days to 45 days: For general public – 3.50 per cent; For Senior Citizen – 4.00 percent
46 days to 60 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent
61 days to 89 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent
Less than 90 days equal to 6 months: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent
6 months 1 day to less than 9 months: For general public – 5.75 per cent; For Senior Citizen – 6.25 percent
9 months 1 day to less than 1 year: For general public – 6.00 per cent; For Senior Citizen – 6.50 percent
1 year to less than 15 months: For general public – 6.60 per cent; For Senior Citizen – 7.10 percent
15 months to less than 18 months: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
18 months 1 day to less than 21 months: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
21 months to 2 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent
5 years 1 day to 10 years: For general public – 7.00 per cent; For Senior Citizen – 7.75 percent.
