HDFC FD Interest Rate: The biggest private bank in the country has modified the interest rates for fixed deposits. The updated rates have taken effect. The bank is providing a 7.40% interest rate on 1-year fixed deposits for the general public. The highest interest rate for elderly individuals is 7.90%.

Bank has raised the interest rate for large deposits

The bank has raised the interest rate for large deposits. In this option, customers are able to invest amounts ranging from Rs 3 crore to just under Rs 5 crore. The bank is offering an additional 0.50% interest to senior citizens on both standard and large fixed deposits. As per the official site of HDFC Bank, the bank provides interest rates between 4.75% and 7.40% on bulk deposits for the general public. Elderly individuals are receiving interest rates between 5.25 percent and 7.90%. Ordinary individuals are receiving interest rates between 3% and 7.25% on standard deposits, specifically those under Rs 3 crore. The bank provides various tenures ranging from 7 days to 10 years.

 

New rates of FD (Fixed Deposit) on basis of duration :

7 to 14 days – 4.75%

15 to 29 days – 4.75%

30 to 45 days – 5.50%

46 to 60 days – 5.75%

61 to 90 days – 6%

Above 90 days and upto 6 months- 6.50%

6 months 1 day to 9 months – 6.85%

9 months 1 day to less than 1 year – 6.75%

1 year to less than 15 months – 7.40%

15 months to less than 18 months – 7.05%

8 months to less than 21 months – 7.25%

21 months to 2 years- 7.05%

2 years 1 day to 3 years – 7%

3 years 1 day to 5 years – 7%

5 years 1 day to 10 years – 7%

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