HDFC Bank has revised its fixed deposit (FD) interest rates downward by up to 20 basis points on select tenures, with the changes effective from May 23, 2025. The new rates apply to deposits below Rs 3 crore and follow a previous 50 basis point reduction implemented in April.
Post-revision, the bank now offers interest rates ranging from 3 per cent to 6.85 per cent for regular depositors and from 3.5 per cent to 7.35 per cent for senior citizens. This marks a slight decline from earlier rates, which ranged between 3 per cent and 7.10 per cent for the general public and up to 7.55 per cent for senior citizens.
The rate adjustment is specific to certain maturity periods. For FDs with a term of one year to less than 15 months, the interest rate has been reduced by 10 basis points from 6.60 per cent to 6.50 per cent. Deposits maturing between 18 months and less than 21 months saw the steepest cut, with rates dropping by 20 basis points to 6.85 per cent from 7.05 per cent. Similarly, tenures of two years and one day to under three years now carry an interest rate of 6.70 per cent, down from 6.90 per cent.
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Rates For Senior Citizens
Senior citizens continue to enjoy preferential rates, with returns now ranging from 3.5 per cent to 7.35 per cent. The highest rate of 7.35 per cent is available on FDs maturing between 18 and 21 months.
For recurring deposits (RDs), HDFC Bank is offering interest rates between 4.50 per cent and 6.85 per cent for general customers, and between 5 per cent and 7.35 per cent for senior citizens, depending on the tenure. These revised RD rates also came into effect on May 23, 2025.
For fixed deposits below Rs 3 crore, HDFC Bank is currently offering interest rates that vary by tenure. For the shortest term of 7 to 14 days, the interest rate stands at 3 per cent for general customers and 3.5 per cent for senior citizens. Deposits held for 30 to 45 days earn 3.5 per cent for the general public and 4 per cent for seniors. For tenures between 6 months and 9 months, the rates rise to 5.75 per cent and 6.25 per cent, respectively. A one-year to less-than-15-month deposit now fetches 6.5 per cent for regular customers and 7 per cent for seniors.
Additionally, the highest rate of 6.85 per cent (7.35 per cent for seniors) is offered on deposits maturing between 18 and 21 months. For terms from two years and one day to less than three years, the rate is 6.7 per cent for general depositors and 7.2 per cent for senior citizens. Longer-term deposits ranging from five years and one day to 10 years earn 6.4 per cent and 6.9 per cent, respectively.
This latest rate cut continues the trend initiated in February 2025, as the bank aligns its deposit rates with evolving liquidity conditions and broader economic signals. For a full breakdown of the latest rates and tenure options, customers are advised to visit the official HDFC Bank website.