In a yet another blow to short term fixed return savings, HDFC Bank has sharply reduced interest rates on fixed deposits (FDs) i.e. up to 50 bps for various tenures. The largest private sector bank of the country has cut down returns for deposits maturing on tenors: 91 days to 6 months, 9 months 1 day to less than a year, and 2 years to 5 years.
Thus, effective from August 25, 2020, the new FD rates will be as follows:
HDFC Bank latest FD interest rates (below ₹2 crore)
Fixed Deposit Tenor
Effective interest rate for general public
Effective interest rate for senior citizens
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 to 6 months.
3.50%
4.00%
6 months 1 day – 9 months
4.40%
4.90%
9 months 1 day to less than one year
4.40%.
4.90%
1 year
5.10%
5.60%
1 year 1 day to 2 years
5.10%
5.60%
2 years 1 day to 3 years
5.15%
5.65%
3 year 1 day to 5 years
5.30%
5.80%
5 years 1 day to 10 years
5.50%
6.25%
Senior citizens continue to get 50 basis points higher return than other customers. Currently under limited scheme for COVID relief, senior citizens are getting additional return of 25 bps on long term fixed deposit. So on 5 year 1 day to 10 years of tenor, senior citizen can avail of 75 bps premium return.
Updated On Jul 4, 2026
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Written By Reshma RawatAssistant Content ManagerCredit Cards, Credit Score, Personal Loan, Home Loan, etc.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
