Looking To Save More? HDFC Bank Offers Higher FD Rates For Limited Time

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.

TenureInterest Rate (per annum)Senior Citizen Rates (per annum)
7 – 14 days3.00%3.50%
15 – 29 days3.00%3.50%
30 – 45 days3.50%4.00%
46 – 60 days4.50%5.00%
61 – 89 days4.50%5.00%
90 days < = 6 months4.50%5.00%
9 months 1 day to < 1 year5.75%6.25%
9 mnths 1 day to < 1 year6.00%6.50%
1 year to < 15 months6.60%7.10%
15 months to < 18 months7.10%7.60%
18 months to < 21 months7.00%7.50%
21 months – 2 years7.00%7.50%
2 Years 1 day to < 2 Year 11 Months7.00%7.50%
2 Years 11 Months – 35 Months7.20%7.70%
2 Years 11 Months 1 day <= 3 Year7.00%7.50%
3 Years 1 day to < 4 Years 7 Months7.00%7.50%
4 Year 7 Months – 55 months7.25%7.75%
4 Year 7 Months 1 day <=5 Years7.00%7.50%
5 Years 1 day to 10 Years7.00%7.75%*

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Posted In: Personal FinanceHDFC Bank