HDFC Bank Ltd has revised downwards its term deposit interest rates by up to 0.25%, or 25 basis points with effect from Tuesday, July 21, 2020. The new rates of interest shall be applicable to all fresh fixed deposits and renewals of maturing term deposits.
New Delhi (Delhi, India), July 26, 2020
The HDFC Bank Limited has decreased its term deposit interest rates for amount less than Rs. 2 crore for Domestic, NRE, and NRO Term Deposits by up to 0.25 percent, or 25 basis points with effect from Tuesday, July 21, 2020.
The decision to decrease the fixed deposit interest rates was taken by the Asset and Liability Committee (ALCO) of HDFC Bank Limited.
The new rates of interest shall be applicable to all fresh fixed deposits and on renewals of maturing term deposits.
Last Revised On: July 21, 2020
1. For Resident Indians: Retail Domestic Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 2.50% Per Annum
15 Days to 29 Days FD Interest Rate: 2.50% Per Annum
30 Days to 45 Days FD Interest Rate: 3.00% Per Annum
46 Days to 60 Days FD Interest Rate: 3.00% Per Annum
61 Days to 90 Days FD Interest Rate: 3.00% Per Annum
91 Days to 6 Months FD Interest Rate: 4.00% Per Annum
6 Months 1 Day to 9 Months FD Interest Rate: 4.40% Per Annum
9 Months 1 Day to 12 Months FD Interest Rate: 4.50% Per Annum
1 Year FD Interest Rate: 5.10% Per Annum
1 Year 1 Day to 2 Years Interest Rate: 5.10% Per Annum
2 Year 1 Day to 3 Years Interest Rate: 5.20% Per Annum
3 Year 1 Day to 5 Years Interest Rate: 5.35% Per Annum
5 Year 1 Day to 10 Years Interest Rate: 5.50% Per Annum
2. For Resident Indian Senior Citizens: Retail Domestic Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 3.00% Per Annum
15 Days to 29 Days FD Interest Rate: 3.00% Per Annum
30 Days to 45 Days FD Interest Rate: 3.50% Per Annum
46 Days to 60 Days FD Interest Rate: 3.50% Per Annum
61 Days to 90 Days FD Interest Rate: 3.50% Per Annum
91 Days to 6 Months FD Interest Rate: 4.50% Per Annum
6 Months 1 Day to 9 Months FD Interest Rate: 4.90% Per Annum
9 Months 1 Day to 12 Months FD Interest Rate: 5.00% Per Annum
1 Year FD Interest Rate: 5.60% Per Annum
1 Year 1 Day to 2 Years Interest Rate: 5.60% Per Annum
2 Year 1 Day to 3 Years Interest Rate: 5.70% Per Annum
3 Year 1 Day to 5 Years Interest Rate: 5.85% Per Annum
5 Year 1 Day to 10 Years Interest Rate: 6.25% Per Annum
3. For Non-Resident External (NRE): Term Deposits Interest Rates
1 Year FD Interest Rate: 5.10% Per Annum
1 Year 1 Day to 2 Years Interest Rate: 5.10% Per Annum
2 Year 1 Day to 3 Years Interest Rate: 5.20% Per Annum
3 Year 1 Day to 5 Years Interest Rate: 5.35% Per Annum
5 Year 1 Day to 10 Years Interest Rate: 5.50% Per Annum
4. For Non-Resident Ordinary (NRO): Term Deposits Interest Rates
7 Days to 14 Days FD Interest Rate: 2.50% Per Annum
15 Days to 29 Days FD Interest Rate: 2.50% Per Annum
30 Days to 45 Days FD Interest Rate: 3.00% Per Annum
46 Days to 60 Days FD Interest Rate: 3.00% Per Annum
61 Days to 90 Days FD Interest Rate: 3.00% Per Annum
91 Days to 6 Months FD Interest Rate: 4.00% Per Annum
6 Months 1 Day to 9 Months FD Interest Rate: 4.40% Per Annum
9 Months 1 Day to 12 Months FD Interest Rate: 4.50% Per Annum
1 Year FD Interest Rate: 5.10% Per Annum
1 Year 1 Day to 2 Years Interest Rate: 5.10% Per Annum
2 Year 1 Day to 3 Years Interest Rate: 5.20% Per Annum
3 Year 1 Day to 5 Years Interest Rate: 5.35% Per Annum
5 Year 1 Day to 10 Years Interest Rate: 5.50% Per Annum
Definition of a Senior Citizen: A senior citizen is defined as a person above the age of 60 years. The interest rates for the Senior Citizens are applicable only to the Resident Indians on Domestic Fixed Deposits. In case of the Joint Account Holders, where one of the account holder is a Senior Citizen, the Senior Citizen Term Deposit Interest Rate will only be applicable if the Senior Citizen is the ‘First Holder’ on the said term deposit.
Bulk Term Deposits: Please contact to the nearest HDFC Bank branch for interest rates on domestic bulk term deposits of Rs. 1 crores and above.
Non-Resident External (NRE) Term Deposits: The minimum tenure for Non-Resident External (NRE) term deposits is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
HDFC Bank Bulk Term Deposits: For terms and conditions or any other details about HDFC Bank Fixed Deposit Interest Rates, please contact your nearest HDFC Bank branch.