New Delhi, November 7, 2026 (Yes Punjab News)
HDFC Bank, India’s largest private sector lender, has increased interest rates on select fixed deposits (FDs) below Rs 3 crore by up to 50 basis points.
Following the revision, general customers can earn interest of up to 6.60 per cent, while senior citizens can get a maximum rate of 7.20 per cent, depending on the deposit tenure. The revised rates came into effect on November 4.
For general customers, the interest rate on deposits with tenures ranging from 61 days to six months has been raised by 50 basis points to 4.75 per cent. Rates on deposits of six months and one day to nine months have increased by 15 basis points to 5.65 per cent.
Deposits of nine months and one day to less than one year will now earn 5.90 per cent, up from 5.75 per cent.
For longer tenures, the bank has raised the rate on deposits of 18 months and one day to two years to 6.50 per cent from 6.45 per cent. Rates on deposits of two years and one day to three years have increased to 6.55 per cent from 6.45 per cent, while deposits of three years and one day to five years will now earn 6.60 per cent.
The biggest increase for general customers is on deposits of five years and one day to 10 years, where the interest rate has been raised by 45 basis points to 6.60 per cent from 6.15 per cent.
For senior citizens, rates on deposits of 61 days to six months have increased by 50 basis points to 5.25 per cent. The highest rate of 7.20 per cent is available on deposits of three years and one day to five years. Rates on deposits of five years and one day to 10 years have been raised to 7.10 per cent from 6.65 per cent.
Other lenders, including ICICI Bank, Punjab National Bank, Kotak Mahindra Bank and Axis Bank, have also revised interest rates on select fixed deposits in recent months.
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