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

HDFC Bank increased FD Rates: Large private sector bank HDFC Bank has increased the interest rates of its fixed deposits and these increased rates have come into effect from January 12, 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 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 for General Senior Citizens
7-14 days 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 4.90
9 months 1 day – less than 1 year 4.40 4.90
4.90 5.40 for 1 year
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.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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