HDFC Bank cuts FD interest rate by up to 20 bps: Senior citizens can earn 7.35% on these tenures The rate cut impacts tenures from one year to less than 15 months and 18 months to less than 3 years
HDFC Bank has reduced the interest rates on its fixed deposit (FD) accounts by up to 20 basis points (bps) on select tenures. The revised FD rates are applicable for FD amounts below Rs 3 crore. The new rates are applicable from May 23, 2025. Earlier, the bank reduced the FD rates by 50 bps in April, 2025.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} After the FD rate cut, the bank offers FD interest rates between 3% and 6.85% for general citizens and 3.5% to 7.35% for senior citizens. Earlier, the bank offered FD interest rates between 3% and 7.10% for general citizens and 3.5% to 7.55% for senior citizens.
For which tenures has HDFC Bank reduced FD interest rates?
The FD interest rate has been reduced for certain tenures only. The bank has cut the interest rate for general residents with tenures ranging from one year to less than 15 months by 10 basis points, from 6.60% to 6.50%. For FDs maturing in 18 months to less than 21 months, the bank reduced the rate by 20 basis points, from 7.05% to 6.85%.Canara bank revises FD, savings interest rate: Check latest rates
From two years and one day to three years, the bank's interest rate has dropped by 20 basis points, from 6.90% to 6.70%.
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Latest HDFC Bank FD interest rates
Tenor BucketInterest Rate (per annum)**Senior Citizen Rates (per annum)7 - 14 days3.00%3.50%15 - 29 days3.00%3.50%30 - 45 days3.50%4.00%46 - 60 days4.50%5.00%61 - 89 days4.50%5.00%90 days 4.50%5.00%6 months 1 days 5.75%6.25%9 months 1 day to 6.00%6.50%1 year to 6.50%7.00%15 months to 6.85%7.35%18 months to 6.85%7.35%21 months - 2 years6.70%7.20%2 Years 1 day to 6.70%7.20%2 Years 11 Months - 35 Months6.70%7.20%2 Years 11 Months 1 day 6.70%7.20%3 Years 1 day to 6.65%7.15%4 Year 7 Months - 55 months6.65%7.15%4 Year 7 Months 1 day 6.65%7.15%5 Years 1 day - 10 Years6.40%6.90%
Senior citizens FD interest rate
For senior citizens, the bank offers FD interest rate between 3.5% and 7.35% for amounts below Rs 3 crore after revision. The highest FD interest rate of 7.35% on tenure between18 months to less than 21 months.Private vs public bank locker charges 2025: Who is offering lockers at lowest rental
Recurring deposit interest rates
For general citizens, HDFC bank offers recurring deposit (RD) interest rate between 4.50% and 6.85% for general citizens and for senior citizens the bank offers between 5% and 7.35% on various tenures.table
Period
Interest Rate (per annum)**Senior Citizen Rates (per annum)Effective From 6 Months4.50%5.00%24-Jan-239 Months5.75%6.25%24-Jan-2312 Months6.50%7.00%23-May-2515 Months6.85%7.35%23-May-2518 Months6.85%7.35%23-May-2521 Months6.70%7.20%Apr 19,202524 Months6.70%7.20%Apr 19,202527 Months6.70%7.20%23-May-2530 Months6.70%7.20%23-May-2533 Months6.70%7.20%23-May-2536 Months6.70%7.20%23-May-2539 Months6.65%7.15%23-May-2542 Months6.65%7.15%23-May-2545 Months6.65%7.15%23-May-2548 Months6.65%7.15%23-May-2551 Months6.65%7.15%23-May-2554 Months6.65%7.15%23-May-2557 Months6.65%7.15%23-May-2560 Months6.65%7.15%23-May-2563 Months6.40%6.90%23-May-2566 Months6.40%6.90%23-May-2569 Months6.40%6.90%23-May-2572 Months6.40%6.90%23-May-2575 Months6.40%6.90%23-May-2578 Months6.40%6.90%23-May-2581 Months6.40%6.90%23-May-2584 Months6.40%6.90%23-May-2587 Months6.40%6.90%23-May-2590 Months6.40%6.90%23-May-2593 Months6.40%6.90%23-May-2596 Months6.40%6.90%23-May-2599 Months6.40%6.90%23-May-25102 Months6.40%6.90%23-May-25105 Months6.40%6.90%23-May-25108 Months6.40%6.90%23-May-25111 Months6.40%6.90%23-May-25114 Months6.40%6.90%23-May-25117 Months6.40%6.90%23-May-25120 Months6.40%6.90%23-May-25
Source: HDFC Bank website #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
