HDFC Bank FD: Following the Reserve Bank of India’s repo rate cut, HDFC Bank has dealt a significant blow to its customers. The country’s largest private bank has reduced interest rates on FDs with select tenures. This change will take effect on December 17, 2025. It will affect deposits of less than Rs 3 crore. Both ordinary customers and senior citizens are now wondering what interest rates they will receive and how this will impact their savings.
According to a report, HDFC Bank has reduced interest rates by 15 basis points (bps) on FDs with tenures ranging from 18 months to less than 21 months for both general citizens and senior citizens. The bank has reduced FD rates from 6.6% to 6.45% for general citizens. Similarly, for senior citizens, the rate has been reduced from 7.1% to 6.6%.
HDFC Bank has reduced interest rates only on its fixed deposits with one term . Investors will receive the same returns on fixed deposits with other term deposits. Here are the interest rates for HDFC Bank fixed deposits with other term deposits.
1 year – 6.25%
2 years – 6.45%
3 years – 6.45%
4 years – 6.40%
5 years – 6.40%
Senior citizens receive higher interest rates on FDs than ordinary citizens. HDFC Bank’s interest rates are as follows.
1 year – 6.75%
2 years – 6.95%
3 years – 6.95%
4 years – 6.90%
5 years – 6.90%
What are the signals for investors?
This decision by HDFC Bank is expected to lead to further softening of FD interest rates in the future. Therefore, investors seeking secure returns will need to consider the FD’s term and tax rules before making their decision. FDs are still a reliable option for senior citizens, but it’s important to compare FDs with different term lengths to ensure optimal returns.