HDFC Bank has increased interest rates on select fixed deposits (FDs) by up to 50 basis points, offering higher returns to customers investing in certain maturity periods. The revised rates came into effect on November 4, 2026, and apply to deposits below ₹3 crore.
The revision benefits both regular depositors and senior citizens, although the increase varies according to the deposit tenure. Senior citizens can now earn a maximum interest rate of 7.20%, while the highest rate for general customers has increased to 6.60%. The bank has left several shorter-term and medium-term deposit rates unchanged.
HDFC Bank FD Interest Rate Hike: What Has Changed?
The latest revision covers multiple FD maturity periods, ranging from short-term deposits to investments of up to 10 years. The biggest increase for some categories is 50 basis points, equivalent to 0.50 percentage points.
For general customers, the interest rate on deposits with maturities between 61 days and six months has increased from 4.25% to 4.75%. The rate for deposits with a tenure of five years and one day to 10 years has risen from 6.15% to 6.60%.
Senior citizens also receive higher returns under the revised structure. Their rate on deposits between 61 days and six months has increased from 4.75% to 5.25%. For deposits with a tenure of three years and one day to five years, the rate has increased to 7.20%.
The bank has also made smaller increases across several other maturity periods, including deposits between six months and three years.
HDFC Bank FD Rates for General Customers
The following table shows the revised interest rates for general customers, along with the previous rates.
| FD tenure | Previous rate | New rate |
|---|---|---|
| 7–14 days | 2.75% | 2.75% |
| 15–29 days | 2.75% | 2.75% |
| 30–45 days | 3.25% | 3.25% |
| 46–60 days | 4.25% | 4.25% |
| 61–89 days | 4.25% | 4.75% |
| 90 days to 6 months | 4.25% | 4.75% |
| 6 months 1 day to 9 months | 5.50% | 5.65% |
| 9 months 1 day to less than 1 year | 5.75% | 5.90% |
| 1 year to less than 15 months | 6.25% | 6.25% |
| 15 months to less than 18 months | 6.35% | 6.35% |
| 18 months to less than 21 months | 6.45% | 6.50% |
| 21 months to 2 years | 6.45% | 6.50% |
| 2 years 1 day to less than 3 years | 6.45% | 6.55% |
| 3 years 1 day to less than 4 years 7 months | 6.50% | 6.60% |
| 4 years 7 months to 5 years | 6.40% | 6.60% |
| 5 years 1 day to 10 years | 6.15% | 6.60% |
The revised rates show that HDFC Bank has focused on improving returns across selected deposit periods rather than increasing rates across its entire FD portfolio.
HDFC Bank FD Rates for Senior Citizens
Senior citizens generally receive an additional interest benefit on fixed deposits compared with regular customers. Under the latest revision, the maximum rate available to this category is 7.20%.
| FD tenure | Previous rate | New rate |
|---|---|---|
| 7–14 days | 3.25% | 3.25% |
| 15–29 days | 3.25% | 3.25% |
| 30–45 days | 3.75% | 3.75% |
| 46–60 days | 4.75% | 4.75% |
| 61–89 days | 4.75% | 5.25% |
| 90 days to 6 months | 4.75% | 5.25% |
| 6 months 1 day to 9 months | 6.00% | 6.15% |
| 9 months 1 day to less than 1 year | 6.25% | 6.40% |
| 1 year to less than 15 months | 6.75% | 6.75% |
| 15 months to less than 18 months | 6.85% | 6.85% |
| 18 months to less than 21 months | 6.95% | 7.00% |
| 21 months to 2 years | 6.95% | 7.00% |
| 2 years 1 day to less than 3 years | 6.95% | 7.05% |
| 3 years 1 day to less than 4 years 7 months | 7.00% | 7.20% |
| 4 years 7 months to 5 years | 6.90% | 7.20% |
| 5 years 1 day to 10 years | 6.65% | 7.10% |
The highest return of 7.20% is available to senior citizens on eligible deposits with tenures between three years and one day and five years. For deposits between five years and one day and 10 years, the revised rate is 7.10%.
How Much More Can Depositors Earn?
Even a small increase in FD interest rates can improve the maturity value of an investment, particularly when the deposit amount and investment period are substantial.
For example, consider a regular customer investing ₹5 lakh in an FD for a tenure that qualifies for a rate increase from 6.15% to 6.60%.
The difference is 0.45 percentage points. On a simple-interest illustration, that represents an additional ₹2,250 in interest for one year on the same principal. Actual FD earnings will depend on the selected tenure, compounding frequency, payout option and applicable bank terms.
For senior citizens, the increase from 6.65% to 7.10% on eligible long-term deposits also represents a 0.45-percentage-point improvement. Those choosing the three-year-and-one-day to five-year category can access the revised maximum rate of 7.20%.
Depositors should compare the effective maturity amount rather than looking only at the headline interest rate.
What Should Existing and New FD Investors Know?
The revised rates are relevant to customers planning to open fresh deposits after November 4. Existing fixed deposits generally continue at the interest rate agreed upon when they were booked until maturity, subject to the bank’s applicable terms.
Customers should also check whether their deposit falls within the rate-card category covered by the revision. The published rates discussed here apply to deposits below ₹3 crore; larger deposits may have a separate rate structure.
Before investing, customers should consider the following:
- Tenure: Choose a maturity period that matches when the money may be needed.
- Premature withdrawal: Check the bank’s rules and any applicable penalty for withdrawing before maturity.
- Taxation: FD interest is generally taxable according to the depositor’s applicable income-tax slab.
- Senior citizen benefits: Confirm eligibility for the additional senior citizen interest rate.
- Deposit protection: Bank deposits are covered by DICGC insurance up to ₹5 lakh per depositor per bank, including principal and interest, subject to the applicable rules.
Investors should also compare rates offered by other banks before locking in their savings for several years.
The Bigger Picture
HDFC Bank’s latest FD rate revision comes amid changing conditions in India’s banking and deposit market. Banks adjust deposit rates according to their funding requirements, liquidity positions, competition for savings and expectations about interest rates.
Higher FD rates can help banks attract or retain deposits, while giving savers an opportunity to earn better returns on money they prefer to keep in relatively predictable bank deposits. However, rate increases are not uniform across all maturity periods, and customers need to compare the specific tenure that suits their financial plans.
The move also highlights the importance of checking bank rate cards regularly. A difference of a few basis points can affect returns, especially for customers investing larger amounts or choosing longer maturities.
Looking Ahead
HDFC Bank’s revised rates give depositors an opportunity to secure higher returns on selected FD tenures, with senior citizens receiving a maximum rate of 7.20%. The impact will depend on the amount invested, the maturity period and the applicable deposit conditions.
Customers considering a new fixed deposit should review the latest rate card, compare offers from other lenders and account for taxation and liquidity requirements before investing. The highest advertised rate may not always be the most suitable option if the deposit locks away money for longer than the investor can comfortably manage.
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