HDFC Bank FD rates slashed by up to 50 bps: Here is what you get now

The already plunging fixed deposit interest rates were further slashed by the HDFC Bank on Thursday evening by up to 50 bps. The maximum reduction of 50 basis points was done in its fixed deposits maturing in 91 days to 6 months. After the recent revision, these FDs will fetch an interest rate of 3.5% for the general public while senior citizens will get 4% interest on the same deposit. 

The rates have been slashed across all tenors. From now on, HDFC Bank is offering 2.50% interest on deposits between 7 days and 29 days, and 3% on deposits maturing in 30-90 days.  

On term deposits maturing in 9 months 1 day to less than one year, the largest private sector lender in India has reduced interest rate by 10 basis points. These deposits will now give 4.4%. Term deposits maturing in one year to two years will give 5.10% interest. HDFC Bank has slashed the interest rate on long-term deposits maturing in two years to five years. 

Here are the latest FD rates offered by HDFC Bank (below Rs 2 crore) for general public 

7 - 14 days: 2.50% 

15 - 29 days: 2.50% 

30 - 45 days: 3% 

46 - 60 days: 3% 

61 - 90 days: 3% 

91 days - 6 months: 3.5% 

6 months 1 days - < 1 year: 4.4% 

1 Year: 5.10% 

1 year 1 day - 2 years: 5.10% 

2 years 1 day - 3 years: 5.15% 

3 year 1 day- 5 years: 5.30% 

5 years 1 day - 10 years: 5.50% 

Senior citizens will get 50 basis points higher interest rates than the general public on all the deposits mentioned above except for the 5 years 1 day - 10 years. The bank offers 6.25% interest to senior citizens on this FD under its special scheme for senior citizens.