HDFC Bank Hikes Interests On FDs

Banksdetail.com

A hike in the fixed deposit and recurring deposit rates has been announced by HDFC Bank. 

A private lender has increased interest rates across tenors by as much as 40 basis points (bps). 

The new rates will take effect on August 18, 2022. 

As part of its monetary policy meeting on August 8, 2022, the Reserve Bank of India raised repo rates by 50 basis points. 

Revised interest rates on FDs Below Rs 2 crore:

7 days to 14 days:
For General Public – 2.75%; 
For Senior Citizens – 3.25%

15 days to 29 days:
For General Public – 2.75%; 
For Senior Citizens – 3.25%

30 days to 45 days:
For General Public – 3.25%; 
For Senior Citizens – 3.75%

46 days to 90 days:
For General Public – 3.25%; 
For Senior Citizens – 3.75%

91 days to 179 days:
For General Public – 3.75%; 
For Senior Citizens – 4.25%

180 days to 270 days:
For General Public – 4.65%; 
For Senior Citizens – 5.15%

271 days to less than 1 year:
For General Public – 4.65%; 
For Senior Citizens – 5.15%

1 year:
For General Public – 5.50%; 
For Senior Citizens – 6.00%

Above 1 year to 2 years:
For General Public – 5.50%; 
For Senior Citizens – 6.00%

Above 2 Years to 3 Years:
For General Public – 5.50%; 
For Senior Citizens – 6.00%

Above 3 years to 5 years:
For General Public – 5.75%; 
For Senior Citizens – 6.25%

Above 5 years to 10 years:
For General Public – 6.10%; 
For Senior Citizens – 6.60%

1111 days:
For General Public – 5.75%; 
For Senior Citizens – 6.25%