FD Rate Hike Alert: HDFC Raises Interest Rates on FDs

India's biggest private sector lender HDFC Bank has also increased its Fixed Deposits (FD) interest rates for general citizens and senior citizens. The recent interest hike by HDFC Bank has been introduced soon after RBI MPC meet held on June 8 wherein the policy repo rate was hiked by 50 basis points to 4.9%.

Soon after RBI's repo rate hike many leading public sector and private sector lender opted to hike FDs interest rates.
HDFC Bank has hiked FD interest rates on several fixed deposit tenors of less than 2 crore

According to official website of HDFC, "FD rates have been hiked by 25 basis points. The increased interest rates have become effective beginning June 15, 2022."

According to HDFC website, citizens can now fetch an interest rate of 2.50 % for deposits maturing 7-29 days while senior citizens can fetch 3% interest rate for the same tenor.

The highest interest rate is now 5.75% for general citizens while for senior citizens it is 6.50% p.a. for FDs maturing in 5 years 1 day to 10 years. Check the table below for detailed information of latest interest rates across various tenors:

Tenor Bucket
	Interest Rate (per annum)	**Senior Citizen Rates (per annum)
7 - 14 days	2.50%	3.00%
15 - 29 days	2.50%	3.00%
30 - 45 days	3.00%	3.50%
46 - 60 days	3.00%	3.50%
61 - 90 days	3.00%	3.50%
91 days - 6 months	3.50%	4.00%
6 mnths 1 days - 9 mnths	4.65%	5.15%
9 mnths 1 day	4.65%	5.15%
1 Year	5.35%	5.85%
1 year 1 day - 2 years	5.35%	5.85%
2 years 1 day - 3 years	5.40%	5.90%
3 year 1 day- 5 years	5.60%	6.10%
5 years 1 day - 10 years	5.75%	6.50%*