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.
Interest rates on less than Rs 2 crore
| Time | Regular Interest Rate (in %) | Senior Citizen 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 | Interest Rate (Annual) | interest rate for senior citizens | for NRI | will be effective |
| 6 months | 3.50 % | 4.00 % | N.A. | 25 August 2020 |
| 9 months | 4.40 % | 4.90 % | N.A. | 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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