HDFC Bank has revised its fixed deposit interest rates with effect from November 17, 2019. After the revision, HDFC Bank pays interest rates in the range of 3.50-6.40 per cent to the general public on fixed deposits (FDs) up to Rs 2 crore, over maturity periods ranging from seven days to 10 years, according to private sector lender's website - hdfcbank.com. The lender offers an interest rate of 6.30 per cent to the general public on fixed deposits up to Rs 2 crore over a maturity period of one year. On FDs of a lock-in period - or term - of two years and one day to three years, the bank provides an interest rate of 6.40 per cent to the general public. (Also read: ICICI Bank Revises Interest Rates On Fixed Deposits)
Here are the interest rates offered by HDFC Bank on FDs up to Rs 2 crore with effect from November 17:
| Period | Interest Rate (per annum) | |
|---|---|---|
| General Public | Senior Citizen | |
| 7 - 14 days | 3.50% | 4.00% |
| 15 - 29 days | 4.00% | 4.50% |
| 30 - 45 days | 4.90% | 5.40% |
| 46 - 60 days | 5.40% | 5.90% |
| 61 - 90 days | 5.40% | 5.90% |
| 91 days - 6 months | 5.40% | 5.90% |
| 6 mnths 1 days - 9 mnths | 5.80% | 6.30% |
| 9 mnths 1 day < 1 Year | 6.05% | 6.55% |
| 1 Year | 6.30% | 6.80% |
| 1 year 1 day - 2 years | 6.30% | 6.80% |
| 2 years 1 day - 3 years | 6.40% | 6.90% |
| 3 year 1 day- 5 years | 6.30% | 6.80% |
| 5 years 1 day - 10 years | 6.30% | 6.80% |
(Source: HDFC Bank)
Fixed deposit interest rates are subject to change from time to time. On November 10, the country's largest lender State Bank of India (SBI) revised its FD interest rates across select maturities citing adequate liquidity in the system.
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