Up to 7.75% FD interest rate: HDFC Bank revises fixed deposit interest rates (2024)

Synopsis

Latest HDFC Bank FD rates: After the State Bank of India (SBI), HDFC Bank has revised fixed deposit tenures and interest rates for deposits below Rs 2 crore. The new rates are effective June 10, 2024.

Up to 7.75% FD interest rate: HDFC Bank revises fixed deposit interest rates (1)ET Online

After the State Bank of India (SBI), HDFC Bank has revised fixed deposit tenures and interest rates for deposits below Rs 3 crore. The new rates are effective June 10, 2024.

For general citizens, the bank offers interest rates between 3% and 7.25% on tenures ranging from 7 days to 10 years. The highest interest rate is 7.25% on tenures of 18 months to less than 21 months.


Latest HDFC Bank FD interest rates

HDFC Bank currently gives a 3% interest rate on fixed deposits maturing between 7 and 29 days for general citizens. Deposits maturing between 30 and 45 days will earn 3.50% interest, while FDs maturing between 46 days and less than six months would receive 4.50% interest. For deposits maturing between six months and one day and less than nine months, the bank gives a 5.75% interest rate. The bank will give a 6% interest rate on deposits maturing between nine months and one day and less than one year.

Also read: Up to 8.5% FD interest rate in June 2024: FD interest rates of Yes Bank, SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank compared

Fixed deposits maturing between one year and less than 15 months currently earn a 6.60% interest rate, while FDs maturing between 15 months and less than 18 months get a 7.10% interest rate. The bank 7.25% on tenure of 18 months to less than 21 months.

Up to 7.75% FD interest rate: HDFC Bank revises fixed deposit interest rates (2)

    HDFC Bank will now offer a 7% interest rate on deposits maturing between 21 months and less than two years and eleven months.

    Also read: HDFC Bank reduces interest rate on this loan: Check details

    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 < = 6 months4.50%5.00%
    6 months 1 days < = 9 months5.75%6.25%
    9 months 1 day to < 1 year6.00%6.50%
    1 year to < 15 months6.60%7.10%
    15 months to < 18 months7.10%7.60%
    18 months to < 21 months7.25%7.75%
    21 months - 2 years7.00%7.50%
    2 Years 1 day to < 2 Year 11 Months7.00%7.50%
    2 Years 11 Months - 35 Months7.15%7.65%
    2 Years 11 Months 1 day < = 3 Year7.00%7.50%
    3 Years 1 day to < 4 Years 7 Months7.00%7.50%
    4 Year 7 Months - 55 months7.20%7.70%
    4 Year 7 Months 1 day < = 5 Years7.00%7.50%
    5 Years 1 day - 10 Years7.00%7.50%

    HDFC Bank senior citizen FD rates

    The bank offers interest rates between 3.5% to 7.75% on tenures ranging from 7 days to 10 years for general citizens. The bank offers the highest interest rates of 7.75% on tenure of 18 months to less than 21 months.

    Recurring deposit
    HDFC Bank has revised recurring deposit interest rates on tenure of 27 Months and 36 months which offers interest rate of 7.15% for general citizens and 7.65% for senior citizens. For tenure of 39 months, 48 months, 60 months, the bank offers 7.20% for general citizens and 7.70% for senior citizens.

    PeriodInterest Rate (per annum)**Senior Citizen Rates (per annum)Effective From
    6 Months4.50%5.00%24-Jan-23
    9 Months5.75%6.25%24-Jan-23
    12 Months6.60%7.10%24-Jan-23
    15 Months7.10%7.60%21-Feb-23
    24 Months7.00%7.50%24-Jan-23
    27 Months7.15%7.65%10-Jun-24
    36 Months7.15%7.65%10-Jun-24
    39 Months7.20%7.70%10-Jun-24
    48 Months7.20%7.70%10-Jun-24
    60 Months7.20%7.70%10-Jun-24
    90 Months7.00%7.50%2-May-24
    120 Months7.00%7.50%2-May-24

    ( Originally published on Jun 10, 2024 )

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    Up to 7.75% FD interest rate: HDFC Bank revises fixed deposit interest rates (2024)

    FAQs

    What is HDFC 7.75 interest rate? ›

    Domestic / NRO / NRE FIXED DEPOSIT RATE
    Tenor Bucket>=3 Crore to < 5 Crores
    Interest Rate (per annum)**Senior Citizen Rates (per annum)
    1 Year to < 15 months7.40%7.90%
    15 months to < 18 months7.05%7.55%
    18 months to < 21 months7.25%7.75%
    17 more rows

    Is HDFC Bank raising interest rates on fixed deposits? ›

    It will offer 7.35% and 7.40% on fixed deposits below Rs 3 crore for 35 months and 55 months tenors.

    Which bank gives 9.5 interest on FD? ›

    Unity Finance Bank's highest FD rate

    The small finance bank is offering its highest rate on fixed deposits with a tenure of 1001 days, providing regular investors with 9% interest and senior citizens with 9.5% interest.

    Which bank gives 8.5 interest on FD? ›

    Comparison of Fixed Deposit Interest Rates in India
    Private Sector BanksInterest Rates (% p.a.)
    Equitas Small Finance Bank8.58
    ESAF Small Finance Bank8.256.75
    Jana Small Finance Bank8.258.25
    North East Small Finance Bank99
    47 more rows
    Aug 14, 2024

    What is the FD rate in HDFC Bank 2024? ›

    Latest HDFC Bank Term Deposit Rates 2024 (Below Rs. 3 crore)
    TenureGeneral Public FD RateSenior Citizens FD Rate
    18 months to < 21 months7.25%7.75%
    21 months - 2 years7.00%7.50%
    2 Years 1 day to < 2 Year 11 Months7.00%7.50%
    2 Years 11 Months - 35 Months7.35%7.85%
    15 more rows

    Is HDFC Bank safe for FD? ›

    HDFC Bank Fixed Deposits provide a safe and efficient way to enhance your savings with assured returns. Our FD offerings come with attractive interest rates and a range of tenure options to fit your financial goals. With HDFC Bank, you can confidently invest your money knowing it is secure and poised for steady growth.

    Which FD is best in India? ›

    Top Banks FD Interest Rates 2024
    FD SchemeAll Bank FD Interest Rates 2024
    HDFC Bank Tax Saving FD6.10% - 6.60%
    IndusInd Bank Tax Saver Scheme6.75% - 7.50%
    SBI Bank Tax Saving FD6.10% - 6.60%
    RBL Bank Tax Saving FD6.55% - 7.05%
    8 more rows

    Which bank FD interest rate is highest? ›

    Top 20 Scheduled Banks offering Best FD Rates
    BanksHighest FD rate (% p.a.)1-year FD rate (% p.a.)
    IDFC First Bank7.756.50
    Central Bank of India7.457.00
    HDFC Bank7.406.60
    Union Bank of India7.406.80
    16 more rows

    What is the interest rate of FD in bank of India 2024? ›

    BOI FD Annualised Rate For Senior Citizen Deposits for Less Than Rs. 2 Cr. W.E.F 01.04.2024
    • 180 days to 210 days. 6.00. 6.04. ...
    • 211 days to 269 days. 6.00. 6.04. ...
    • 270 days to less than 1 Year. 6.25. 6.35. ...
    • 1 Year. 7.30. ...
    • 2 Years. 7.75. ...
    • 3 Years to less than 5 Years. 7.25. ...
    • 5 Years to less than 8 Years. 6.75. ...
    • 8 Years & above to 10 Years. 6.75.

    Which bank gives 7.5 interest on FD? ›

    Interest rate offered on FDs with 3-year-tenure:
    Bank nameInterest rate to regular citizens (%)To senior citizens (%)
    HDFC Bank77.5
    ICICI Bank77.5
    State Bank of India6.757.25
    Bank of Baroda7.157.65
    1 more row

    Who gives 9% interest? ›

    The table gives you a list of more than 40 banks -- including SBI, PNB, BoI, HDFC Bank, ICICI Bank, and Axis Bank - offering up to 9% interest rate on fixed deposits. Fixed deposits (FDs) have long been a preferred investment choice for individuals seeking stability, security, and steady returns.

    Which bank is best for FD for senior citizens? ›

    Senior Citizen Fixed Deposit Rates 2024
    Top Banks1 year - less than 2 years5 years - upto 10 years
    HDFC7.10%7.75%
    Post Office6.90%7.50%
    Axis Bank7.60%7.75%
    ICICI Bank7.65%7.50%
    16 more rows

    Which bank pays 8% interest? ›

    Competition among financial firms for a slice of the nation's savings is intensifying, with Nationwide launching an account paying a “market-leading” 8% interest. A string of Bank of England interest rate rises since late 2021 have pushed up savings rates across the board.

    Which bank pays 7% interest? ›

    Why Trust Us? As of September 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking account: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

    Where can I get a 9% interest rate? ›

    Fixed Deposit rates up to 9%: These 5 small finance banks are offering high FD rates on 3-year deposits - check list
    • NorthEast Small Finance Bank is offering a 9% interest rate on its FD maturing in three years.
    • Suryoday Small Finance Bank is offering an 8.6% interest rate on its FDs maturing in three years.
    2 days ago

    What is the interest rate in HDFC right now? ›

    Tenure (Days/Years)Interest Rates (% p.a.)
    90 days – 6 months6.507.00
    6 months 1 day – 9 months6.657.15
    9 months 1 day – less than 1 year6.757.25
    1 year – less than 15 months7.407.90
    12 more rows

    What is the interest rate of HDFC current account? ›

    One of the most important features of a current account is the fact that it bears no interest at all. The funds in a current account are always made available to the account holder whenever needed, and to compensate for this extra liquidity that the bank provides, there is no interest charged on current accounts.

    What is HDFC balance interest rate? ›

    Domestic, NRO and NRE Savings Rate
    Savings Account BalanceInterest Rate p.a ​​​​​​​
    Less than ₹50 Lakh3.00%
    Of and above ₹50 Lakh3.50%

    How does HDFC calculate interest? ›

    We compute interest based on the actual number of days in a year. In case, the deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e. , 366 days in a leap year & 365 days in a non leap year.

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