HDFC Bank raises interest rates on fixed deposits twice a week; Check the new HDFC Bank FD rates

HDFC bank raises fixed deposit interest rates: India’s largest private sector lender, HDFC Bank, raised interest rates on fixed deposits again, a week after doing the same. The HDFC Bank FD rate hike is applicable to deposits below Rs 2 crore. HDFC Bank’s new fixed deposit interest rates have already come into effect, according to the lender’s website. This was implemented through different tenors. Seniors will benefit from additional interest on HDFC Bank fixed deposits.

HDFC Bank FD interest rates came into effect from June 17, Friday. This is a direct result of the RBI raising its repo rates by 50 basis points. After the lender’s latest hike, HDFC Bank FD rates rose from 2.50% to 2.75% for terms of 7 to 29 days, an increase of 25 basis points. The lender raised the interest rate on term deposits maturing between 30 and 90 days by 25 basis points, from 3% to 3.25% now. For deposits maturing between 91 days and 6 months, an increase of 25 basis points took interest rates from 3.25% to 3.75%. Deposits maturing in other mandates also saw an increase of 10 to 25 basis points, HDFC Bank said on its website.

“Only senior/retired staff (60+) who are Indian residents are eligible. The special rates only apply to residents’ deposits,” the HDFC bank said on its website. HDFC Bank FD’s interest rate hike only applies to National/NRO/NRE accounts, the bank said further on its website.

Here are the revised interest rates on time deposits below Rs 2 crore at HDFC Bank from 17 June 2022:

7 days to 14 days: For the general public – 2.75%; For seniors – 3.25%

15 days to 29 days: For the general public – 2.75%; For seniors – 3.25%

30 days to 45 days: For the general public – 3.25%; For seniors – 3.75%

46 days to 60 days: For the general public – 3.25%; For seniors – 3.75%

61 days to 90 days: For the general public – 3.25%; For seniors – 3.75%

91 days to 120 days: For the general public – 3.75%; For seniors – 4.25%

6 months 1 day to 9 months: For the general public – 4.65%; For seniors – 5.15%

9 months 1 day to less than a year: For the general public – 4.65%; For seniors – 5.15%

1 year: For the general public – 5.35%; For seniors – 5.85%

1 year 1 day to 2 years: For the general public – 5.35%; For seniors – 5.85%

2 years 1 day to 3 years: For the general public – 5.50%; For the elderly – 6.00 percent

3 years 1 day to 5 years: For the general public – 5.70%; For seniors – 6.20%

5 years 1 day to 10 years: For the general public – 5.75%; For seniors – 6.50%

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