HDFC Bank has raised its fixed deposit (FD) rates by 20 basis points (bps), effective immediately. This adjustment comes as part of the bank's strategy to offer more attractive returns to depositors amid changing market conditions. The new rates apply to various FD tenures, ensuring better returns for customers looking to save securely. This move reflects the bank's response to the evolving economic landscape and aims to balance customer needs with market dynamics, offering competitive rates in the current financial environment.