HDFC Bank, India’s largest private sector bank, has surprised its customers by reducing fixed deposit (FD) interest rates.
On April 1, 2025, the first day of the new financial year, the bank lowered its FD interest rates by 0.20%.
This decision follows the Reserve Bank of India’s (RBI) recent repo rate cut in its last monetary policy meeting. There is speculation that the RBI may reduce the repo rate again in its upcoming April meeting.
New FD Interest Rates by HDFC Bank
After the RBI’s repo rate cut, many banks have been lowering their FD interest rates, and HDFC Bank has now joined them. The bank has reduced FD interest rates for deposits of 2 years and more by 20 basis points (0.20%).
HDFC Bank offers FD options ranging from 7 days to 10 years, and these revised rates are effective from April 1, 2025.
HDFC Bank FD Interest Rates for Deposits up to Rs 3 Crore
7 days to 14 days: General – 3%, Senior Citizens – 3.50%
15 days to 29 days: General – 3%, Senior Citizens – 3.50%
30 days to 45 days: General – 3.50%, Senior Citizens – 4%
46 days to 60 days: General – 4.50%, Senior Citizens – 5%
61 days to 89 days: General – 4.50%, Senior Citizens – 5%
90 days to 6 months: General – 4.50%, Senior Citizens – 5%
6 months 1 day to less than 9 months: General – 5.75%, Senior Citizens – 6.25%
9 months 1 day to less than 1 year: General – 6.00%, Senior Citizens – 6.50%
1 year to 15 months: General – 6.60%, Senior Citizens – 7.10%
15 months to less than 18 months: General – 7.10%, Senior Citizens – 7.60%
18 months 1 day to less than 21 months: General – 7.25%, Senior Citizens – 7.75%
21 months to 2 years: General – 7.00%, Senior Citizens – 7.50%
2 years 1 day to less than 2 years 11 months: General – 7.00%, Senior Citizens – 7.50%
2 years 11 months 1 day to 35 months: General – 7.00%, Senior Citizens – 7.50%
2 years 11 months 1 day to 3 years: General – 7.00%, Senior Citizens – 7.50%
3 years 1 day to 4 years 7 months: General – 7.00%, Senior Citizens – 7.50%
4 years 7 months to 55 months: General – 7.00%, Senior Citizens – 7.50%
4 years 7 months 1 day to less than 5 years: General – 7.00%, Senior Citizens – 7.50%
5 years to 10 years: General – 7.00%, Senior Citizens – 7.50%
These changes affect new and renewing FD accounts, so customers should review their investment plans accordingly.
