HDFC Bank Hikes Interest Rates On FDs of Less Than Rs 2 Cr (W.e.f. 06.04.2022)

HDFC Bank, a private sector lender, has raised interest rates on fixed deposits under Rs 2 crore. The interest rate rise took effect today, and the bank has raised interest rates on deposits maturing in one year to two years, effective April 6, 2022. Previously, the bank offered a 5% interest rate on deposits maturing in 1 year and 1 year 1 day - 2 years, but after the modification, the interest rate will be 5.10 percent, a 10 basis point increase. Apart from the tenors mentioned above, the bank has kept the interest rate on the rest of the tenors constant.

HDFC Bank Regular FD Rates

From April 6, 2022 onwards, HDFC Bank will offer a 2.50 percent interest rate on deposits maturing in 7 to 29 days to the general public. The regular interest rate on term deposits maturing in 30 to 90 days will be 3%. On deposits maturing in 91 days to 6 months, HDFC Bank is giving a 3.50 percent interest rate. The bank will now provide a 4.40 percent interest rate on term deposits maturing in 6 months 1 day - 9 months and 9 months 1 day to less than 1 year.

On deposits maturing in 1 year and 1 year 1 day - 2 years, regular customers will now get a 5.10 percent interest rate, up from 5% previously. On deposits maturing in two years, one day to three years, three years, one day to five years, and five years, one day to ten years, the interest rates applicable are 5.20%, 5.45% and 5.60% respectively.

Tenors	Interest Rate (per annum)
7 - 14 days	2.50%
15 - 29 days	2.50%
30 - 45 days	3.00%
46 - 60 days	3.00%
61 - 90 days	3.00%
91 days - 6 months	3.50%
6 months 1 day - 9 months	4.40%
9 months 1 day to less than 1 Year	4.40%
1 Year	5.10%
1 year 1 day - 2 years	5.10%
2 years 1 day - 3 years	5.20%
3 years 1 day- 5 years	5.45%
5 years 1 day - 10 years	5.60%
Source: Bank Website. Applicable from 6th April 2022

HDFC Bank FD Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% on their deposits of less than Rs 2 Cr maturing in 7 days to 5 years and they are also eligible to get an additional premium of 0.25% over and above the existing premium of 0.50% on deposits maturing in 5 (five) years one day to 10 years. HDFC Bank's Senior Citizen Care FD was recently extended until September 30, 2022. Senior citizens can earn a higher interest rate of 75 basis points (0.75 percent) on long-term deposits of 5 to 10 years with the Senior Citizen Care FD.

Tenors	Interest Rate (per annum)
7 - 14 days	3.00%
15 - 29 days	3.00%
30 - 45 days	3.50%
46 - 60 days	3.50%
61 - 90 days	3.50%
91 days - 6 months	4.00%
6 months 1 day - 9 months	4.90%
9 months 1 day to less than 1 Year	4.90%
1 Year	5.60%
1 year 1 day - 2 years	5.60%
2 years 1 day - 3 years	5.70%
3 years 1 day- 5 years	5.95%
5 years 1 day - 10 years	6.35%
Source: Bank Website. Applicable from 6th April 2022

HDFC Bank RD Rates

The interest rate on recurring deposits with a term of 12 to 24 months has also been revised by HDFC Bank. Check out the bank's current recurring deposit interest rates below.

Tenors	Interest Rate (per annum)	Senior Citizen Rates (per annum)	Effective From
6 Months	3.50%	4.00%	Aug 25, 2020
9 Months	4.40%	4.90%	Aug 25, 2020
12 Months	5.10%	5.60%	Apr 6th, 2022
15 Months	5.10%	5.60%	Apr 6th, 2022
24 Months	5.10%	5.60%	Apr 6th, 2022
27 Months	5.20%	5.70%	Jan 12, 2022
36 Months	5.20%	5.70%	Jan 12, 2022
39 Months	5.45%	5.95%	Feb 14, 2022
48 Months	5.45%	5.95%	Feb 14, 2022
60 Months	5.45%	5.95%	Feb 14, 2022
90 Months	5.60%	6.35%	Jan 12, 2022
120 Months	5.60%	6.35%	Jan 12, 2022
Source: Bank Website