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After SBI, HDFC Bank raises interest rates on FDs less than ₹2 crore
According to the bank's official website, the new rates are effective from December 14.
HDFC Bank, the country's largest private sector bank, has hiked interest rates on fixed deposits (FDs) of less than ₹2 crore. According to HT's sister website Mint, which cited the bank's official website, the new rates came into effect from today, December 14.
On December 13, the State Bank of India (SBI), the country's largest bank, hiked interest rates on FDs of less than ₹2 crore.
HDFC Bank latest interest rates on FDs
After the hike, the interest rate is of 3% each on fixed deposits with a maturity period of 7-14 days, and 15-29 days. For 30-45 days, the rate is 3.50%, and 4.50% for each of these maturity periods: 46-60 days, 61-89 days, and 90-180 days.
In other cases, the increased rates are as follows:
| S No. | Maturity period | New rate |
| 1. | 6 months 1 day to ≤ 9 months | 5.75% |
| 2. | 9 months 1 day to < 1 year | 6% |
| 3. | 12 months to < 15 months | 6.50% |
| 4. | 15 months to < 18 months | 7% |
| 5. | 18 months to < 21 months | 7% |
| 6. | 21 months to 2 years | 7% |
| 7. | 2 years 1 day to 3 years | 7% |
| 8. | 3 years 1 day to 5 years | 7% |
| 9. | 5 years 1 day to 10 years | 7% |
HDFC Bank latest FD interest rates for senior citizens
For senior citizens, HDFC Bank offers 50bps additional interest than the standard rates on fixed deposits maturing within 7 days to 5 years. After the hike, they will get interest at 3.5%-7.75% on FDs maturing in 7 days to 10 years.
Click here for more details.
