HDFC Bank, the largest private sector lender in the country, revised its fixed deposit or FD interest rates in select maturities. HDFC Bank said the new FD interest rates with take effect from today. HDFC Bank has revised fixed deposit interest rates for both general and senior citizens of the country, according to the bank's website, hdfcbank.com. HDFC Bank has revised FD interest rates for deposits ranging from below Rs 1 crore to less than Rs 5 crore. The revision in HDFC Bank's fixed deposit interest rates comes days after the Reserve Bank of India hiked the repo rate - the key interest rate at which its lends short-term funds to commercial banks - to 6.5 per cent.
HDFC Bank fixed deposit or FD interest rates
HDFC Bank has raised FD interest rates in the range of 0.10 per cent to 0.60 per cent or 10 basis points - 60 basis points on select maturities. One basis point is equal to 0.01 per cent.
Given below are the latest FD interest rates paid by HDFC Bank on various maturities:
The following HDFC Bank FD interest rates are applicable from August 6, 2018 for deposits below Rs 1 crore:
| Period | < 1 Crore | |
|---|---|---|
| Interest Rate (per annum) | **Senior Citizen Rates (per annum) | |
| 7 - 14 days | 3.50% | 4.00% |
| 15 - 29 days | 4.25% | 4.75% |
| 30 - 45 days | 5.75% | 6.25% |
| 46 - 60 days | 6.25% | 6.75% |
| 61 - 90 days | 6.25% | 6.75% |
| 91 days - 6 months | 6.25% | 6.75% |
| 6 mnths 1 day- 6 mnths 3 days | 6.75% | 7.25% |
| 6 mnths 4 days | 6.75% | 7.25% |
| 6 mnths 5 days- 9 mnths | 6.75% | 7.25% |
| 9 mnths 1 day- 9 mnths 3 days | 7.00% | 7.50% |
| 9 mnths 4 days | 7.00% | 7.50% |
| 9 months 5 days - 9 months 15 days | 7.00% | 7.50% |
| 9 months 16 days | 7.00% | 7.50% |
| 9 months 17 days < 1 Year | 7.00% | 7.50% |
| 1 Year | 7.25% | 7.75% |
| 1 year 1 day - 1 year 3 days | 7.25% | 7.75% |
| 1 year 4 days | 7.25% | 7.75% |
| 1 year 5 days - 1 Year 15 Days | 7.25% | 7.75% |
| 1 Year 16 days | 7.25% | 7.75% |
| 1 year 17 days - 2 Years | 7.25% | 7.75% |
| 2 years 1day - 2 Years 15 days | 7.10% | 7.60% |
| 2 Years 16 days | 7.10% | 7.60% |
| 2 years 17 days - 3 Years | 7.10% | 7.60% |
| 3 years 1day - 5 years | 7.10% | 7.60% |
| 5 Years 1 Day - 8 Years | 6.00% | 6.50% |
| 8 Years 1 Day - 10 Years | 6.00% | 6.50% |
The following HDFC Bank FD interest rates are applicable from August 6, 2018 for deposits between Rs 1 crore-less than Rs 5 crore:
| Period | >=1 Crore to < 5 Crores | |
|---|---|---|
| Interest Rate (per annum) | **Senior Citizen Rates (per annum) | |
| 7 - 14 days | 4.25% | 4.75% |
| 15 - 29 days | 4.25% | 4.75% |
| 30 - 45 days | 6.25% | 6.75% |
| 46 - 60 days | 6.50% | 7.00% |
| 61 - 90 days | 6.50% | 7.00% |
| 91 days - 6 months | 6.55% | 7.05% |
| 6 mnths 1 day- 6 mnths 3 days | 7.00% | 7.50% |
| 6 mnths 4 days | 7.00% | 7.50% |
| 6 mnths 5 days- 9 mnths | 7.00% | 7.50% |
| 9 mnths 1 day- 9 mnths 3 days | 7.25% | 7.75% |
| 9 mnths 4 days | 7.25% | 7.75% |
| 9 months 5 days - 9 months 15 days | 7.25% | 7.75% |
| 9 months 16 days | 7.25% | 7.75% |
| 9 months 17 days < 1 Year | 7.25% | 7.75% |
| 1 Year | 7.40% | 7.90% |
| 1 year 1 day - 1 year 3 days | 7.40% | 7.90% |
| 1 year 4 days | 7.40% | 7.90% |
| 1 year 5 days - 1 Year 15 Days | 7.40% | 7.90% |
| 1 Year 16 days | 7.40% | 7.90% |
| 1 year 17 days - 2 Years | 7.40% | 7.90% |
| 2 years 1day - 2 Years 15 days | 7.10% | 7.60% |
| 2 Years 16 days | 7.10% | 7.60% |
| 2 years 17 days - 3 Years | 7.10% | 7.60% |
| 3 years 1day - 5 years | 7.00% | 7.50% |
| 5 Years 1 Day - 8 Years | 7.00% | 7.50% |
| 8 Years 1 Day - 10 Years | 7.00% | 7.50% |
The largest lender of the country, State Bank of India, revised its fixed deposit interest rates with effect from July 30. Canara Bank revised its FD interest rates with effect from August 4.
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