HDFC Bank Revises Interest Rates On Fixed & Recurring Deposits of Less Than Rs. 2 Cr

The private sector lender HDFC Bank has revised its interest rates on fixed and recurring deposits of less than Rs. 2 Cr. The new rates are effective as of today, January 12th, 2022, according to the bank's official website. The bank's latest interest rates on domestic / NRO / NRE deposits of less than Rs. 2 Cr are noted below.

HDFC Bank Interest Rates On Fixed Deposits of Less Than Rs. 2 Cr

Following the change announced today, HDFC Bank is now giving a 2.50 percent interest rate on deposits maturing in 7 to 29 days. The general public will now get a 3.00 percent interest rate on deposits maturing in 30 days to 90 days. Non-senior citizens will now get 3.50 percent and 4.40 percent interest on term deposits maturing in 91 days - 6 months and 6 months 1 day to 1 year, respectively. Deposits with a one-year maturity period will now pay 4.90 percent interest. Term deposits maturing in 1 year 1 day - 2 years, 2 years 1 day - 3 years, 3 year 1 day- 5 years and 5 years 1 day - 10 years will now fetch an interest rate of 5.00%, 5.20%, 5.40% and 5.60% to the general public respectively. Senior citizens will continue to get an additional premium of 0.50% on their deposits across all tenors. HDFC Bank also offers a special fixed deposit scheme to senior citizens, in which the bank promises an additional 0.25 percent premium over and above the existing 0.50 percent premium to senior citizens on deposits of less than 5 crores maturing in 5 years 1 day to 10 years, and this special offer is valid till March 31, 2022.

Tenor	Regular 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 < 1 Year	4.40%	4.90%
1 Year	4.90%	5.40%
1 year 1 day - 2 years	5.00%	5.50%
2 years 1 day - 3 years	5.20%	5.70%
3 year 1 day- 5 years	5.40%	5.90%
5 years 1 day - 10 years	5.60%	6.35%
Source: Bank Website. Applicable from 12th Jan 2022

HDFC Bank Interest Rates On Fixed Deposits of Rs. 2 Cr to Rs 5. Cr

On Domestic / NRO / NRE term deposits of Rs 2 Cr to Rs 5 Cr maturing in 7 days to 10 years, HDFC Bank is currently offering the following interest rates applicable from 12th Jan 2022.

Tenor	Regular 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	2.75%	3.25%
46 - 60 days	2.75%	3.25%
61 - 90 days	3.00%	3.50%
91 days - 6 months	3.00%	3.50%
6 months 1 day - 9 months	3.50%	4.00%
9 months 1 day < 1 Year	3.65%	4.15%
1 Year	3.75%	4.25%
1 year 1 day - 2 years	3.75%	4.25%
2 years 1 day - 3 years	4.40%	4.90%
3 year 1 day- 5 years	4.40%	4.90%
5 years 1 day - 10 years	4.40%	5.15%
Source: Bank Website. Applicable from 12th Jan 2022

HDFC Bank Recurring Deposit Interest Rates

The interest rates on recurring deposits at HDFC Bank have also been adjusted today. The bank is currently giving the following interest rates to residents, NROs, and NREs on recurring deposits maturing in 27 months to 120 months.

Period	Interest Rate (per annum)	Senior Citizen Rates (per annum)	Interest Rates p.a. for NRIs	Effective From
6 Months	3.50%	4.00%	N.A.	Aug 25, 2020
9 Months	4.40%	4.90%	N.A.	Aug 25, 2020
12 Months	4.90%	5.40%	4.90%	Oct 15, 2020
15 Months	5.00%	5.50%	5.00%	Dec 01, 2021
24 Months	5.00%	5.50%	5.00%	Dec 01, 2021
27 Months	5.20%	5.70%	5.20%	Jan 12, 2022
36 Months	5.20%	5.70%	5.20%	Jan 12, 2022
39 Months	5.40%	5.90%	5.40%	Jan 12, 2022
48 Months	5.40%	5.90%	5.40%	Jan 12, 2022
60 Months	5.40%	5.90%	5.40%	Jan 12, 2022
90 Months	5.60%	6.10%	5.60%	Jan 12, 2022
120 Months	5.60%	6.10%	5.60%	Jan 12, 2022
Source: Bank Website