HDFC Bank has announced revisions to its fixed deposit (FD) interest rates, effective December 17, 2025. The changes affect deposits below ₹3 crore and come in the wake of the Reserve Bank of India's (RBI) recent decision to cut the repo rate. This adjustment reflects a broader trend of interest rate reductions across the banking sector.
Revised Interest Rate Structure
Under the revised schedule, HDFC Bank offers FD rates ranging from 2.75% to 6.60% per annum for the general public, depending on the tenure. Senior citizens can continue to benefit from higher returns, with rates up to 7.10% per annum on select tenures. The updated rates apply to domestic, NRE (Non-Resident External), and NRO (Non-Resident Ordinary) fixed deposits.
Here’s a breakdown of the revised interest rates for general customers:
- 7 – 14 days: 2.75%
- 15 – 29 days: 2.75%
- 30 – 45 days: 3.25%
- 46 – 60 days: 4.25%
- 61 – 89 days: 4.25%
- 90 days ≤ 6 months: 4.25%
- 6 months 1 day ≤ 9 months: 5.50%
- 9 months 1 day < 1 Year: 5.75%
- 1 Year < 15 months: 6.25%
- 15 months < 18 months: 6.35%
- 18 months < 21 months: 6.45%
- 21 months – 2 years: 6.45%
- 2 Years 1 day < 2 Years 11 Months: 6.45%
- 2 Years 11 Months (35 months): 6.45%
- 3 years 1 day - 5 years: 6.40%
- 5 years 1 day - 10 years: 6.15%
For senior citizens, the interest rates are generally 0.50% higher than those offered to the general public. For example, the highest rate for senior citizens can go up to 7.10%.
Impact of the Rate Revision
The reduction in FD rates by HDFC Bank follows a similar move by the State Bank of India (SBI). HDFC Bank has reduced interest rates on fixed deposits with maturities ranging from 18 months to less than 21 months. The cut amounts to 15 basis points for both general customers and senior citizens. As a result, the rate for general citizens has been brought down from 6.6 per cent to 6.45 per cent, while senior citizens now earn 6.6 per cent. This adjustment signals a broader shift in deposit pricing across major lenders as monetary policy eases.
Considerations for Investors
Fixed deposit interest rates are subject to change without prior notice, and depositors should confirm the rates on the value date of their FD. Investors looking for stable returns may still find FDs an attractive option, particularly senior citizens who can avail themselves of higher interest rates. It's also worth noting that longer-term deposits typically offer higher interest rates compared to shorter-term options.
