FD Rate Hike: Good News! HDFC Bank increased interest rates on November 18; Check here

HDFC Bank FD Rate 2022: HDFC Bank, the largest private sector lender, has adjusted its interest rates for fixed deposits of more than $2 million and less than $5 million. The updated rates can be found on the bank’s website as of today, November 18, 2022. Foreign, National, and Regional Organization (NRO) and nonresident (NRE) deposits are all eligible for the increased rates.

After the revision, the bank offered customers a range of interest rates on deposits with terms ranging from 7 days to 10 years, 3.75% to 6.25% for the general public, and 4.25% to 7% for seniors.

HDFC Current Interest Rates

The current interest rates offered by this bank are 3.75% on 7-29 day CDs, and 4.75% on 30-45 day CDs. HDFC Bank now provides FDs with a 5% interest rate for terms of 46-60 days and a 5.25% interest rate for terms of 61-89 days.

The current interest rate offered by the bank is 6% for FDs with maturities between 9 months and 1 year, 1% to 1 year, and 6.5 % for FDs with maturities between 1 year and 15 months. HDFC Bank is currently offering a guaranteed interest rate of 6.5% on FDs maturing in less than two years, and a guaranteed interest rate of 6.8% on FDs maturing between 15 months and two years.

For Senior Citizens

There is currently a 6.25 percent interest rate on deposits with terms of three to ten years. Pensioners and citizens over the age of 60 are eligible for the higher interest rates. New Fixed Deposits and Renewals made by Senior Citizens within the specified time period will be eligible for the aforementioned promotional rate. This offer is not valid for non-resident aliens.

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