Diwali Bonanza For HDFC Customers! Private Lender Increases Interest rates on FDs Across Various Tenures
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Mumbai, November 6: In a Diwali bonanza for HDFC bank customers, the private sector lender raised its fixed deposit (FD) interest rates with effect from Today. The bank has FD interest rates across select maturities. Interest rates on FDs of HDFC Bank have been raised between 0.05 per cent-0.50 per cent. The hike has been done across various tenures for regular and senior citizens on deposits below Rs. 1 crore and between Rs. 1 crore and less than Rs. 5 crore.

HDFC Bank did the last revision in the FD rates on October 06 this year. Most of the banks including the State Bank of India, Kotak Bank and ICICI Bank have raised their FD interest rates. The private lender is now offering 7.30 percent interest rate on its FDs for 1 year as against 7.25 percent earlier on deposits below 1 crore.

Here is the list of increased interest rates:

Period < 1 Crore >=1 Crore to < 5 Crores
Interest Rate

(per annum)

**Senior Citizen Rates

(per annum)

Interest Rate

(per annum)

**Senior Citizen Rates

(per annum)

7 - 14 days 3.50% 4.00% 4.25% 4.75%
15 - 29 days 4.25% 4.75% 4.25% 4.75%
30 - 45 days 5.75% 6.25% 6.25% 6.75%
46 - 60 days 6.25% 6.75% 6.50% 7.00%
61 - 90 days 6.25% 6.75% 6.50% 7.00%
91 days - 6 months 6.25% 6.75% 6.75% 7.25%
6 mnths 1 day- 6 mnths 3 days 6.75% 7.25% 7.10% 7.60%
6 mnths 4 days 6.75% 7.25% 7.10% 7.60%
6 mnths 5 days- 9 mnths 6.75% 7.25% 7.10% 7.60%
9 mnths 1 day- 9 mnths 3 days 7.10% 7.60% 7.35% 7.85%
9 mnths 4 days 7.10% 7.60% 7.35% 7.85%
9 months 5 days - 9 months 15 days 7.10% 7.60% 7.35% 7.85%
9 months 16 days 7.10% 7.60% 7.35% 7.85%
9 months 17 days < 1 Year 7.10% 7.60% 7.35% 7.85%
1 Year 7.30% 7.80% 7.50% 8.00%
1 year 1 day - 1 year 3 days 7.30% 7.80% 7.50% 8.00%
1 year 4 days 7.30% 7.80% 7.50% 8.00%
1 year 5 days - 1 Year 15 Days 7.30% 7.80% 7.50% 8.00%
1 Year 16 days 7.30% 7.80% 7.50% 8.00%
1 year 17 days - 2 Years 7.30% 7.80% 7.50% 8.00%
2 years 1day - 2 Years 15 days 7.40% 7.90% 7.50% 8.00%
2 Years 16 days 7.40% 7.90% 7.50% 8.00%
2 years 17 days - 3 Years 7.40% 7.90% 7.50% 8.00%
3 years 1day - 5 years 7.25% 7.75% 7.35% 7.85%
5 Years 1 Day - 8 Years 6.50% 7.00% 7.00% 7.50%
8 Years 1 Day - 10 Years 6.50% 7.00% 7.00% 7.50%

Meanwhile, senior citizens will get 7.80 percent interest for the same term as against the previous interest of 7.75%. Similarly, on fixed deposits of 2 years 16 days, HDFC is offering 7.40 percent for the general public and 7.90% for senior citizens. Earlier for the same duration, the rates were 7.10 percent and 7.60 percent for regular and senior citizens. The rate of interest rate is also increased on term deposits of 8 years 1 day to 10 years. The general public will get 6.50 percent return, and senior citizens will get 7.00 percent, which 0.50 percent higher in both the cases.