HDFC Bank customers will get more interest on FD, know about the new rates of the bank

HDFC Bank increased FD Rates: HDFC Bank has increased the interest rates of its fixed deposits and with this the customers of the bank will now be able to get the benefit of the increased interest rates.

HDFC Bank, the big private sector bank, has increased the interest rates of its fixed deposits and these increased rates have been implemented from 12 January 2022. These rates have been increased on fixed deposits of less than Rs 2 crore and people in this segment deposit a large amount of money. 

Recently another bank had increased
the rates. After the new rates, HDFC Bank is offering an interest rate of 2.50 percent on its fixed deposits of 7 to 14 days. Senior citizens are being given an interest of 3 percent in this. Apart from FD, HDFC Bank has also increased the rates of its Recurring Deposit (RD). Let us tell you that recently Kotak Mahindra Bank has also increased the rate of its fixed deposits, which has come into effect from January 6.  

Know here the increased rates on HDFC Bank FDs for normal citizens and senior citizens (all rates in percentage)

Duration 7-14 days for General Senior Citizens 
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 4.909
months 1 day -1 year 4.40 4.90
to 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 has also increased its interest rates on RD i.e. recurring deposit and the new increased rates have come into effect from January 12. Know about the new rates here

How much interest will now be available on HDFC Bank’s RD (all rates in percentage)

Duration For General Senior Citizen
6 Months 3.50 4.00 
9 Months 4.40 4.90
1 Year 4.90 5.40
15 Months 5.00 5.50
2 Years 5.00 5.00
27 Months 5.20 5.70
39 Months 5.40 5.90
4 Years 5.40 5.90
5 years 5.40 5.90
90 months 5.60 6.10
10 years 5.60 6.10

HDFC Bank has given information about these increased rates on its official website and these increased rates are now applicable on NRO, NRE deposits apart from ordinary citizens.