Deposits with maturities between 15 months and 2 years will now provide an interest rate of 6.15%, while those with maturities between 2 years and 3 years will now pay an interest rate of 6.25%, up from 5.80% before, a 45 basis point increase.
The bank has hiked the interest rate by 50 bps from 5% to 5.50% on deposits maturing in 9 months 1 day to 1 Year and those maturing in 1 Year to 15 months will now fetch an interest rate of 6.10%. For deposits maturing in 90 days to six months, HDFC Bank increased interest rates by 25 basis points, from 4.25% to 4.50%, and for deposits maturing in six months and one day to nine months, from 5% to 5.25%.
On deposits maturing in 2 years, 1 day to 5 years, HDFC Bank will give a maximum interest rate of 6.25% to the general public, while the bank is also offering senior citizens a maximum interest rate of 6.95% on deposits maturing in 5 years, 1 day to 10 years.įollowing today's hike, the bank has increased interest rates on deposits maturing in 46 to 60 days by 50 bps, from 3.50% to 4.00%, and on deposits maturing in 61 to 89 days by 50 bps, from 4% to 4.50%. On certain tenors of fixed deposits with less than ₹2 Cr, the bank has increased interest rates by up to 50 bps as of today, October 26, 2022.
