HDFC Bank Hikes Fixed Deposit Interest From Today; Check Latest FD Rates

HDFC Bank Hikes Fixed Deposit Interest Rates: HDFC Bank, India’s biggest private sector lender, is the latest to jump into the bandwagon of other banks hiking their fixed deposit interest rates. The new HDFC Bank FD interest rate hike ranges from 10 to 20 basis points, depending upon the tenor, with senior citizens getting returns of 0.50 per cent extra. “An Additional Premium of 0.25 per cent shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 years One Day to 10 Years, during special deposit offer commencing from 18th May’20 to 30th Sep’2022.,” the bank has further said on its website. Here are the revised interest rates on fixed deposits below Rs 2 crore at the HDFC Bank from May 18, 2022: 7 days to 14 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent 15 days to 29 days: For General Public – 2.50 per cent; For Senior Citizens – 3.00 per cent 30 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent 46 days to 60 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent 61 days to 90 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent 91 days to 120 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent 6 months 1 days to 9 months: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent 9 months 1 day to less than a year: For General Public – 4.45 per cent; For Senior Citizens – 5.00 per cent 1 year: For General Public – 5.10 per cent; For Senior Citizens – 5.60 per cent 1 year 1 day to 2 years: For General Public – 5.10 per cent; For Senior Citizens – 5.60 per cent 2 years 1 day to 3 years: For General Public – 5.40 per cent; For Senior Citizens – 5.90 per cent 3 years 1 day to 5 years: For General Public – 5.60 per cent; For Senior Citizens – 6.10 per cent 5 years 1 day to 10 years: For General Public – 5.75 per cent; For Senior Citizens – 6.50 per cent The HDFC Bank FD rate hike comes at a time when other banks including SBI, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Punjjab National Bank and others have already increased their FD rates following the repo rate hike by the RBI.