The bank continues to provide a 25 basis point additional interest rate to senior citizens who have fixed deposits of less than Rs 5 crore and have retained them for at least five years. This one-of-a-kind incentive will be granted in addition to the standard 50 basis point premium and will be valid for both new and renewal fixed deposit bookings.
According to bank website, the bank will offer a 2.50 percent interest rate on deposits maturing in 7 to 29 days. On term deposits maturing in 30 to 90 days, the interest rate will be 3%. HDFC Bank is offering a 3.50 percent interest rate on deposits maturing in 91 days to 6 months. On fixed deposits maturing in 6 months 1 day – 9 months and 9 months 1 day to less than 1 year, the bank will now offer a 4.40 percent interest rate.
For tenure one-year deposits, and its one-year one-day to two-year fixed deposit the bank will pay 5.10 percent interest. The interest rates for deposits maturing in two years, one day to three years, three years, one day to five years, and five years, one day to ten years are 5.20 percent, 5.45 percent, and 5.60 percent, respectively.