HDFC Bank changed the interest rates on its FD and RD, know the new rates

Manna New Delhi. HDFC Bank, one of the largest banks in the country, has changed the interest rates of its Fixed Deposit (FD) and Recurring Deposit (RD). The bank has changed its rates on the amount less than Rs 2 crore. According to the official website of the bank, these new rates have come into effect from yesterday i.e. January 12.

After the change announced today, HDFC Bank is now offering 2.50 percent interest rate on deposits maturing in 7 to 29 days. The general public will now get an interest rate of 3.00 percent on deposits maturing in 30 days to 90 days. Non-senior citizens will now get 3.50 percent and 4.40 percent interest on fixed deposits maturing in 91 days – 6 months and 6 months 1 day to 1 year.

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Interest rates on less than Rs 2 crore

time regular interest rate
(% In)
senior citizens
Rates (in %)
7-14 days 2.50% 3.00 %
15-29 days 2.50% 3.00 %
30-45 days 3.00 % 3.50%
46-60 days 3.00 % 3.50%
61-90 days 3.00 % 3.50%
91 days to 6 months 3.50% 4.00 %
6 months 1 day – 9 months 4.40% 4.90%
9 months 1 day – less than 1 year 4.40% 4.90%
1 year 4.90% 5.40%
1 year 1 day – 2 years 5.00 % 5.50%
2 years 1 day – 3 years 5.20% 5.70%
3 years 1 day – 5 years 5.40% 5.90 %
5 years 1 day – 10 years 5.60% 6.35 %

HDFC Bank Recurring Deposit Interest Rates

The interest rates on recurring deposits in HDFC Bank have also been changed today. The Bank is currently offering the following interest rates on Recurring Deposits maturing in 27 months to 120 months to Residents, NROs and NREs.

time Rate of interest
(annually)
of senior citizens
interest rate for
for NRI will be effective
6 months 3.50% 4.00 % NA 25 August 2020
9 months 4.40% 4.90% NA 25 August 2020
12 months 4.90% 5.40% 4.90% 15 October 2020
15 months 5.00 % 5.50% 5.00 % 1 December 2021
24 months 5.00 % 5.50% 5.00 % 1 December 2021
27 months 5.20% 5.70% 5.20% 12 January 2022
26 months 5.20% 5.70% 5.20% 12 January 2022
39 months 5.40% 5.90 % 5.40% 12 January 2022
48 months 5.40% 5.90 % 5.40% 12 January 2022
60 months 5.40% 5.90 % 5.40% 12 January 2022
90 months 5.60% 6.10% 5.60% 12 January 2022
120 months 5.60% 6.10% 5.60% 12 January 2022

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