HDFC Bank Offers Senior Citizens Up To 6.25% Returns On FD: Check Current Rates Here

HDFC Bank, India's leading private sector bank, has modified its fixed deposit interest rates with effect from May 21, 2021. Following the most recent modification, HDFC Bank now offers a 2.50 percent interest rate on deposits maturing in 7 to 29 days and a 3 percent interest rate on deposits maturing in 30 to 90 days. 3.5 percent from 91 days to 6 months, and 4.4 percent from 6 months 1 day to less than one year. On one-year FDs, the bank offers 4.9 percent and offers 4.9 percent on deposits maturing in 1 to less than 2 years. Fixed deposits maturing in 2 to 3 years will yield 5.15 percent, while those maturing in 3 to 5 years would return 5.30 percent. Deposits with maturities ranging from 5 to 10 years will earn 5.50 percent interest.

Senior folks would get interest rates that are 50 basis points higher than the regular citizens. Senior people can earn interest rates ranging from 3% to 6.25 percent on FDs maturing in 7 days to 10 years from the bank. As the name implies, HDFC Bank offers Senior Citizen Care Fixed Deposit specifically for senior persons. According to the official website of the bank "An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May'20 to 30th Sep'21. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian."

HDFC Bank FD Rates

Here are the most recent interest rates on fixed deposits of HDFC Bank which are applicable on a deposit amount of less than Rs 2 Cr.

Tenor Bucket	Interest Rate (per annum)	Senior Citizen Rates (per annum)
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 - 6 months	3.50%	4.00%
6 months 1 day - 9 months	4.40%	4.90%
9 months 1 day to less than 1 Year	4.40%	4.90%
1 Year	4.90%	5.40%
1 year 1 day - 2 years	4.90%	5.40%
2 years 1 day - 3 years	5.15%	5.65%
3 year 1 day- 5 years	5.30%	5.80%
5 years 1 day - 10 years	5.50%	6.25%
Source: Bank Website