HDFC Bank, the largest private sector bank in the country, has given a gift to its millions of customers by raising interest rates on Fixed Deposits.
The bank is offering FDs with tenures ranging from 7 days to 10 years. The interest rate increase applies to only select tenures.
However, HDFC Bank has not raised the interest rates on FDs up to Rs 3 crore. Instead, the revision applies to bulk FDs.
The bank has revised the interest rates on FDs between Rs 3 crore and Rs 5 crore. These new rates are effective from December 5, 2024.
HDFC Bank’s interest rates on FDs ranging from Rs 3 crore to Rs 5 crore are as follows:
7 to 14 days: General public – 4.75%, Senior citizens – 5.25%
15 to 29 days: General public – 4.75%, Senior citizens – 5.25%
30 to 45 days: General public – 5.50%, Senior citizens – 6.00%
46 to 60 days: General public – 5.75%, Senior citizens – 6.25%
61 to 89 days: General public – 6.00%, Senior citizens – 6.50%
90 days to 6 months: General public – 6.50%, Senior citizens – 7.00%
6 months 1 day to less than 9 months: General public – 6.85%, Senior citizens – 7.35%
9 months 1 day to less than 1 year: General public – 6.75%, Senior citizens – 7.25%
Less than 1 year to 15 months: General public – 7.40%, Senior citizens – 7.90%
15 months to less than 18 months: General public – 7.05%, Senior citizens – 7.55%
18 months 1 day to less than 21 months: General public – 7.25%, Senior citizens – 7.75%
21 months to 2 years: General public – 7.05%, Senior citizens – 7.55%
2 years 1 day to 3 years: General public – 7.00%, Senior citizens – 7.50%
3 years 1 day to 5 years: General public – 7.00%, Senior citizens – 7.50%
5 years 1 day to 10 years: General public – 7.00%, Senior citizens – 7.50%
