Earn up to 7.9% FD rate: HDFC Bank revises interest rates on these fixed deposits

HDFC Bank has revised bulk fixed deposits interest rates for amounts above Rs.2 crore to Rs.5 crore for domestic, NRO, NRE customers. The new rates are effective from February 3, 2024, as per the HDFC Bank website.

What are bulk FDs
Fixed deposits ranging from Rs 2 crore to Rs 5 crore are termed bulk deposits, and the interest rate varies depending on whether the deposit is regular or bulk


Top banks latest bulk deposit interest rates: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Axis Bank

Latest HDFC Bank bulk FD interest rates

The bank offers interest rates ranging from 4.75% to 7.40% for ordinary residents and 5.25% to 7.90% for senior citizens. The highest interest rates of 7.40% and 7.90% are available for terms ranging from one year to less than 15 months.

HDFC Bank is offering an interest rate of 4.75% on bulk deposits maturing in 7 to 29 days, and 5.50% on deposits maturing in 30 to 45 days. HDFC Bank currently offers an interest rate of 5.75% on deposits of 46 to 60 days and 6.00% on deposits of 61 to 89 days.
Deposits due in 90 days to 6 months earn 6.50%, while deposits maturing in 6 months 1 day to 9 months earn 6.65%. The bank will pay 6.75% interest on fixed deposits due in 9 months, 1 day, or 1 year, while HDFC Bank will pay 7.40% interest on deposits maturing in 1 year to 15 months. HDFC Bank will pay an interest rate of 7.05% on deposits due in 15 months to two years, and 7.00% on deposits maturing in two years, one day to 10 years.

Tenor Bucket	>=2 Crore to < 5 Crores
	Interest Rate (per annum)
7 - 14 days	4.75%
15 - 29 days	4.75%
30 - 45 days	5.50%
46 - 60 days	5.75%
61 - 89 days	6.00%
90 days <= 6 months	6.50%
6 mnths 1 day <=9mnths	6.65%
9 mnths 1 day to < 1 Year	6.75%
1 Year to < 15 months	7.40%
15 months to < 18 months	7.05%
18 months to < 21 months	7.05%
21 months to 2 years	7.05%
2 year 1 day to 3 years	7.00%
3 year 1 day to 5 years	7.00%
5 year 1 day to 10 years	7.00%

HDFC Bank senior citizen FD rates
Senior citizens will receive an additional interest rate of 50 basis points, or 0.50%, over standard rates on fixed deposits.
Applicable from 3th Feb, 2024
(Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year.)

Tenor	**Senior Citizen Rates (per annum)
7 - 14 days	5.25%
15 - 29 days	5.25%
30 - 45 days	6.00%
46 - 60 days	6.25%
61 - 89 days	6.50%
90 days <= 6 months	7.00%
6 mnths 1 day <=9mnths	7.15%
9 mnths 1 day to < 1 Year	7.25%
1 Year to < 15 months	7.90%
15 months to < 18 months	7.55%
18 months to < 21 months	7.55%
21 months to 2 years	7.55%
2 year 1 day to 3 years	7.50%
3 year 1 day to 5 years	7.50%
5 year 1 day to 10 years	7.75%*

HDFC Bank regular FD
HDFC Bank revised FD interest rates between 3% to 7.20% for regular citizens on deposits below Rs 2 crore for tenures ranging from 7 days to 10 years. The rates are effective from October 1, 2023.