HDFC Bank has increased its fixed deposit (FD) interest rates by up to 20 basis points for deposits below ₹3 crore, effective July 24, 2024.
The new rates range from 3% to 7.40%, depending on the tenure, which varies from 7 days to 10 years. The highest rate of 7.25% is offered for FDs maturing between 18 and 21 months. General citizens earn 3% for 7-29 day deposits and up to 4.50% for those maturing in less than six months.