If you're considering a fixed deposit (FD) with a private sector bank, interest rates in India's banking sector are currently quite attractive. Senior citizens receive additional benefits.
HDFC Bank Fixed Deposit Rate
The Reserve Bank of India (RBI) increased the repo rate by 25 basis points just last month. Since then, banks have been gradually increasing their interest rates. In this regard, HDFC Bank, the country's largest private sector bank, has also revised its interest rates on select fixed deposits (FDs) of less than ₹3 crore. These new rates are effective from November 4, 2026.
With this change, the general public can earn a maximum interest rate of 6.60%, and senior citizens can earn up to 7.20% on their deposits. The bank has increased FD interest rates by up to 50 basis points (bps) for select tenures. ICICI Bank and Punjab National Bank (PNB) also revised their interest rates on select FDs maturing in October and November 2026.
How much benefit will common citizens get?
HDFC Bank offers general customers a 2.75% interest rate on deposits maturing in 7 to 29 days and a 3.25% interest rate on deposits maturing in 30 to 45 days. The interest rate for 46 to 60 days is 4.25%. The bank has increased the interest rate on deposits maturing in 61 days to 6 months by 50 bps, from 4.25% to 4.75%. Similarly, the interest rate on deposits maturing in 6 months and 1 day to 9 months has been increased by 15 bps, to 5.65%. The interest rate on deposits maturing in 9 months and 1 day to less than 1 year has also increased by 15 bps, to 5.90%.
HDFC Bank is offering 6.25% interest on deposits ranging from 1 year to less than 15 months. For deposits ranging from 15 months to less than 18 months, the rate is 6.35%. For deposits ranging from 18 months to 2 years, the interest rate has increased by 5 bps to 6.50%. The bank is offering 6.55% interest on deposits ranging from 2 years and 1 day to 3 years.
Similarly, the interest rate for deposits ranging from 3 years and 1 day to less than 4 years and 7 months has increased from 6.50% to 6.60%. For deposits ranging from 4 years and 7 months to 5 years, the rate has also increased from 6.40% to 6.60%. For deposits ranging from 5 years and 1 day to 10 years, the bank has increased the interest rate by 45 bps from 6.15% to 6.60%.
HDFC Bank new FD interest rates
| FD tenure | Rates for the general public | Rates for senior citizens | Changes in interest rates |
| 7 to 29 days | 2.75% | 3.25% | no changes |
| 30 to 45 days | 3.25% | 3.75% | no changes |
| 46 to 60 days | 4.25% | 4.75% | no changes |
| 61 days to 6 months | 4.75% | 5.25% | 0.50% increase |
| 6 months 1 day to 9 months | 5.65% | 6.15% | 0.15% increase |
| 9 months 1 day to less than 1 year | 5.90% | 6.40% | 0.15% increase |
| Less than 1 year and 15 months | 6.25% | 6.75% | no changes |
| 15 months to less than 18 months | 6.35% | 6.85% | no changes |
| 18 months to less than 2 years | 6.50% | 7.00% | 0.05% increase |
| 2 years 1 day to 3 years | 6.55% | 7.05% | 0.10% increase |
| 3 years 1 day to 5 years | 6.60% | 7.20% (maximum) | Senior citizens benefit the most |
| 5 years 1 day to 10 years | 6.60% (maximum) | 7.10% | Common citizens benefit the most |
