HDFC Bank FD Interest Changed: HDFC Bank has cut its FD interest rates by up to 20 basis points (BPS). This change made by the bank is applicable on FDs of less than Rs 3 crore.
HDFC Bank FD Interest Changed: The Reserve Bank will review the monetary policy in the first week of June. Experts are hoping that this time too the RBI may cut the repo rate to reduce the interest rate. Even before this, many banks have cut their interest rates. In this sequence, now HDFC Bank has cut its FD interest rates by up to 20 basis points (BPS). This change made by the bank is applicable on FDs of less than Rs 3 crore. The new rates have been implemented from 23 May 2025. Earlier in April 2025, the bank had cut the FD rate by 50 basis points.
FD interest rates have become between 3% to 6.85%
After the cut made by the bank, the interest rates of FD for normal people have become between 3% to 6.85%. For senior citizens, this rate is between 3.5% to 7.35%. Earlier, the interest rates for normal people were 3% to 7.10% and for senior citizens it was 3.5% to 7.55%. HDFC Bank has cut the interest rates for certain periods.
10 basis point cut on FDs of less than 15 months
Under the new rate, the interest rate on FDs of less than one year to 15 months for normal people has been reduced from 6.60% to 6.50%. That is, the bank has cut it by 10 basis points. The interest rate on FDs of less than 18 months to 21 months has been reduced from 7.05% to 6.85%, there has been a cut of 20 basis points. Similarly, the interest rate on FDs of two years 1 day to 3 years has been reduced from 6.90% to 6.70%.
The highest interest rate is 7.35%
For senior citizens, the interest rate on FDs of less than Rs 3 crore is between 3.5% to 7.35%. The highest interest rate is 7.35%, which is for tenures of more than 18 months and less than 21 months. HDFC Bank has also updated the interest rate of Recurring Deposit (RD). For normal people, the interest rate of RD is between 4.50% to 6.85%. For senior citizens, this rate is between 5% to 7.35%.
Most Read Articles:
- 8th Pay Commission: Good news for Central employees! Basic salary may increase from ₹18000 to ₹51480, know how?
- Indian Passport Holders: Good news! Now you can can visit in these 58 countries without Visa, know countries details
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
