Interest rates

HDFC Bank raises fixed deposit (FD) interest rates for the second time this month

HDFC Bank has raised interest rates on time deposits (FD) effective today, 26 October 2022. This is the second time deposit hike by the lender this month. These rates are applicable for deposit amounts below 2 crores. HDFC Bank raised FD interest rates by up to 50 basis points (bps). After today’s hike, HDFC Bank is offering an interest rate ranging from 3% to 6.25% on deposits maturing in 7 days to 10 years to general customers.

Senior citizens will benefit from an additional interest rate of 50 basis points on top of those offered to general customers. After today’s hike, senior citizens will enjoy an interest rate ranging from 3.5% to 6.95%* on FDs with a term of 7 days to 10 years.

HDFC Bank Raises FD Rates Effective October 26

7 – 14 days 3.00%

15 – 29 days 3.00%

30 – 45 days 3.50%

46 – 60 days 4.00%

61 – 89 days 4.50%

90 days

6 months 1 day

9 months 1 day to

1 year to 15 months 6.10%

15 months to

18 months to

21 months to 2 years 6.15%

2 years 1 day – 3 years 6.25%

3 years 1 day to 5 years 6.25%

5 years 1 day to 10 years 6.20%

HDFC Bank revises RD interest rates

HDFC Bank has also revised interest rates on recurring deposits effective today (October 26). The bank will now offer interest rates of 4.50% to 6.25% on RDs with terms ranging from 6 months to 120 months for the general public.

The State Bank of India (SBI) has hiked fixed deposit interest rates for below 2 crore as of October 22.

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