FD Interest Rate: The new financial year 2025-26 commenced on April 1, 2025, ushering in significant changes nationwide. In this context, HDFC Bank has opted to reduce its fixed deposit (FD) interest rates, resulting in lower returns for customers who deposit their funds in the bank.
Interest rates have been decreased by 0.20 percent
As per the information available on the bank’s website, the interest rates have been decreased by 0.20 percent. This decision was made prior to the Reserve Bank of India’s (RBI) upcoming monetary policy meeting, scheduled for April 7 to 9. Analysts from Bank of America (BofA) suggest that the RBI may consider another reduction in the repo rate during this meeting.
The RBI’s repo rate influences the interest rates offered by banks on fixed deposits. The RBI is expected to make several financial decisions, including adjustments to the repo rate, during its meeting. However, HDFC Bank has already delivered an unexpected change to millions of its customers.
According to the bank’s website, the interest rates for fixed deposits with a tenure of two years or more have been lowered by 0.20 percent. For deposits held for 7 to 14 days, the interest rate is now up to 3 percent. For a duration of 15 to 29 days, the interest rate is set at 3.5 percent. Deposits for 30 to 45 days, 46 to 60 days, and up to 6 months will earn an interest rate of 4.50 percent. Additionally, a rate of 5.75 percent is applicable for deposits held for 6 to 9 months, 6 percent for those between 9 months and less than 1 year, and 6.60 percent for deposits ranging from 1 year to 15 months.
In addition to this, an interest rate of 5.75 percent will apply for durations of 6 to 9 months, while a rate of 6 percent will be charged for periods ranging from 9 months to less than 1 year. For terms extending from 1 year to 15 months, the interest rate will be 6.60 percent. Furthermore, an interest rate of 7.10 percent is available for terms of 15 to 18 months, and 7.25 percent for periods from 18 months to less than 21 months. A 7 percent interest rate is offered for durations of 21 months up to 2 years. HDFC Bank is providing the highest interest rate of 7.25 percent. Additionally, senior citizens will receive an extra 0.50 percent in interest.