HDFC Bank, the country’s biggest private lender, has rolled out two limited-period fixed deposits with higher returns. Here are all the details.
What Happened? The bank said on its website that it is offering “special edition” fixed deposits under ₹2 crore. The two special interest rate deposits are 7.20% on a tenure of 35 months and 7.25% on a tenure of 55 months.
Senior citizens will receive an additional 50 basis points on top of these interest rates, which means that they can effectively earn an interest of 7.70% and 7.75% on the two schemes, respectively.
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While the bank does mention that the offer is for a limited time, it does not mention how long it will last.
HDFC Bank Fixed Deposit Rates: Here is a list of the private lender’s interest rates for fixed deposits under ₹2 crore, as of Tuesday, May 30.
| Tenure | Interest Rate (per annum) | Senior Citizen Rates (per annum) |
| 7 – 14 days | 3.00% | 3.50% |
| 15 – 29 days | 3.00% | 3.50% |
| 30 – 45 days | 3.50% | 4.00% |
| 46 – 60 days | 4.50% | 5.00% |
| 61 – 89 days | 4.50% | 5.00% |
| 90 days < = 6 months | 4.50% | 5.00% |
| 9 months 1 day to < 1 year | 5.75% | 6.25% |
| 9 mnths 1 day to < 1 year | 6.00% | 6.50% |
| 1 year to < 15 months | 6.60% | 7.10% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to < 21 months | 7.00% | 7.50% |
| 21 months – 2 years | 7.00% | 7.50% |
| 2 Years 1 day to < 2 Year 11 Months | 7.00% | 7.50% |
| 2 Years 11 Months – 35 Months | 7.20% | 7.70% |
| 2 Years 11 Months 1 day <= 3 Year | 7.00% | 7.50% |
| 3 Years 1 day to < 4 Years 7 Months | 7.00% | 7.50% |
| 4 Year 7 Months – 55 months | 7.25% | 7.75% |
| 4 Year 7 Months 1 day <=5 Years | 7.00% | 7.50% |
| 5 Years 1 day to 10 Years | 7.00% | 7.75%* |
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