HDFC Bank New FD Rates: HDFC Bank has reduced the FD rate, now you will get half percent less interest

HDFC Bank New FD Rates: HDFC Bank has cut interest rates on FDs of select tenures by 50 basis points (bps) or half a percent. The new FD rates are applicable for FD amounts less than Rs 3 crore.

HDFC Bank New FD Rates: HDFC Bank has cut interest rates on FDs of select tenures by 50 basis points (bps) or half a percent. The new FD rates are applicable for FD amounts less than Rs 3 crore.

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These are the new interest rates

How much interest will HDFC Bank pay on FD

After the FD rate cut, the bank will offer interest rates between 3% to 7.10% for general citizens and 3.5% to 7.55% for senior citizens. The interest rate for FDs with tenures ranging from 15 months to less than 18 months has been cut by five basis points, from 7.10% to 7.05%.

For FD deposits with tenures ranging from 18 months to less than 21 months, the bank has cut the interest rate by 20 basis points, i.e. from 7.25% to 7.05%.

The current interest rate for FD deposits ranging from 21 months to 2 years has now come down from 7.00% to 6.70%, a reduction of 30 basis points for general citizens.

No change in 1 year FD interest rate

There is no change in the one-year FD interest rate. General public can book FD for one year at 6.60% per annum, and senior citizens can book FD for one year at 7.10% per annum. However, senior citizens will get the highest FD interest rate of 7.55% per annum if they book FD for a tenure of 15 months to 18 months.

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