HDFC Bank has reduced interest rates in fixed deposits (FD) by up to 50 basic points (BP) in selected holdings, as of April 19, 2025. Revised rates are applicable to FD amounts below RS 3 million rupees. This movement follows the bank’s previous decision to reduce interest rates of the savings account in 25 BPS. Both rates cuts are produced following the Bank of the India Reserve (RBI) that reduces the repository rate by 25 BPS each duration of the meetings of the Monetary Policy Committee (MPC) in February and April of this year.
After the review, HDFC Bank now offers FD interest rates that go from 3 percent to 7.10 percent for general customers, and from 3.5 % to 7.55 percent for older people.
Also read:SBI reduces the interest rate in loan and fixed deposits at up to 25 bp; Know how you can benefit it
HDFC Bank interest rate: Why have FD holdings impact?
For holdings from 15 months to less than 18 months, the FD rate was reduced by 5 PB, from 7.10 percent to 7.05 percent.
For 18 months at less than 21 months, the rate has decreased by 20 bp to 7.05 percent of 7.25 percent.
For 21 months to 2 years, the interest rate is now 6.70 percent, below 7.00 percent, a cut or 30 bp.
For 2 years 1 day to less than 3 years, the rate has been reduced by 10 PB to 6.90 percent of 7.00 percent.
For 3 years from 1 day to less than 5 years, the new rate is 6.75 percent, compared to the anterior fall of 7.00 percent of 25 bps.
For 5 years from 1 day to 10 years, long -term FD now sacrifice 6.50 percent interest, below 7.00 percent of the most steep cut or 50 bp.
The one year’s FD rate remains unchanged. General clients can still take advantage of 6.60 percent annually, while older people can obtain 7.10 percent per year for a one -year deposit. The highest interest rate or 7.55 percent is now available for older people in FDS with a possession or 15 to 18 months.
It is important to keep in mind that HDFC Bank has discontinued its special editing FD scheme, which sacrificed higher interest rates, as of April 1, 2025.
Also read: RBI Repo Rate Reduction Rate: HDFC Bank, Canara Bank, Bank of India and other banks reduce interest rates in loans and FDS
| Tenor bucket | Senior People Rates (PA) | |
|---|---|---|
| 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% |
| 6 months 1 day ≤ 9 months | 5.75% | 6.25% |
| 9 months 1 day <1 year | 6.00% | 6.50% |
| 1 year <15 months | 6.60% | 7.10% |
| 15 months <18 months | 7.05% | 7.55% |
| 18 months <21 months | 7.05% | 7.55% |
| 21 months – 2 years | 6.70% | 7.20% |
| 2 years 1 day <2 years 11 months | 6.90% | 7.40% |
| 2 years 11 months – 35 months | 6.90% | 7.40% |
| 2 years 11 months 1 day ≤ 3 years | 6.90% | 7.40% |
| 3 years 1 day <4 years 7 months | 6.75% | 7.25% |
| 4 years 7 months – 55 months | 6.75% | 7.25% |
| 4 years 7 months 1 day ≤ 5 years | 6.75% | 7.25% |
| 5 years 1 day – 10 years | 6.50% | 7.00% |
Review of the interest account rate
As of April 12, 2025, the bank has also reviewed its interest rates of the savings account:
For balances below RS 50 Lakh: interest has been reduced to 2.75 percent per year from 3.00 percent.
For RS 50 Lakh balances and more: the new rate is 3.25 percent, below 3.50 percent.