23 hours Ago
HDFC Bank, India's largest private lender, has reduced interest rates on select fixed deposit (FD) tenures below ₹3 crore. The revised rates, effective from April 1, 2025, impact two specific tenures: 2 years 11 months - 35 months: Reduced by 35 basis points (bps) from 7.35% to 7.
00%. 4 years 7 months - 55 months: Reduced by 40 bps from 7.40% to 7.
00%. Despite these cuts, HDFC Bank has maintained its interest rates for other FD tenures: 7-29 days: 3.00% 30-45 days: 3.
50% 46 days - 6 months: 4.50% 6 months 1 day - 9 months: 5.75% 9 months 1 day - 1 year: 6.
00% 1 year - 15 months: 6.60% 15 months - 18 months: 7.10% 18 months - 21 months: 7.
25% 21 months - 2 years: 7.00% 2 years 1 day - 2 years 11 months: 7.00% 3 years 1 day - 4 years 7 months: 7.
00% 4 years 7 months 1 day - 5 years: 7.00% 5 years 1 day - 10 years: 7.00% Here's a look at revised fixed deposit interest rates (below ₹3 crore): Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.
80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index Fund +38.59% Invest Now Equity: Large Cap 0.
21% Axis Nifty Next 50 Index Fund +71.83% Invest Now Equity: Large Cap 0.25% Axis Nifty 500 Index Fund -- Invest Now Equity: Flexi Cap 0.
10% Axis Nifty Midcap 50 Index Fund +46.03% Invest Now Equity: Mid Cap 0.28% Tenor Bucket < 3 Crore Interest Rate (per annum) Senior Citizen Rates (per annum) 7 - 14 days 3.
00% 3.50% 15 - 29 days 3.00% 3.
50% 30 - 45 days 3.50% 4.00% 46 - 60 days 4.
50% 5.00% 61 - 89 days 4.50% 5.
00% 90 days < = 6 months 4.50% 5.00% 6 months 1 days < = 9 months 5.
75% 6.25% 9 months 1 day to < 1 year 6.00% 6.
50% 1 year to < 15 months 6.60% 7.10% 15 months to < 18 months 7.
10% 7.60% 18 months to < 21 months 7.25% 7.
75% 21 months - 2 years 7.00% 7.50% 2 Years 1 day to < 2 Year 11 Months 7.
00% 7.50% 2 Years 11 Months - 35 Months 7.00% 7.
50% 2 Years 11 Months 1 day < = 3 Year 7.00% 7.50% 3 Years 1 day to < 4 Years 7 Months 7.
00% 7.50% 4 Year 7 Months - 55 months 7.00% 7.
50% 4 Year 7 Months 1 day < = 5 Years 7.00% 7.50% 5 Years 1 day - 10 Years 7.
00% 7.50% ( Source: HDFC Bank) What is a Fixed Deposit (FD)? A fixed deposit (FD) is a popular savings instrument offered by banks and financial institutions. Investors deposit a lump sum amount for a fixed tenure at a predetermined interest rate.
The principal and interest are paid out at maturity, providing a secure and predictable return. FDs are considered a low-risk investment option and are favored by conservative investors..
