The HDFC Bank FD interest rate hike is only applicable to domestic / NRO / NRE accounts, the bank said further on its website. The special rates are applicable only for Resident deposits,” the HDFC Bank said on its website. “Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Indians are eligible.
The new HDFC Bank FD interest rate hike ranges from 15 to 25 basis points, depending upon the tenor, with senior citizens continuing to returns of 0.50 per cent extra. This comes as a direct result of the RBI hiking its repo rates by 50 basis points. They have come into effect from June 15, Wednesday. The new rates will be applicable for fixed deposits below Rs 2 crore. The HDFC Bank FD rate hike comes at a time when several lenders are hiking the same following the Reserve Bank of India’s repo rate revision. The HDFC Bank fixed deposit interest rate hike has been implemented across different tenors. HDFC Bank Hikes Fixed Deposit Interest Rates: HDFC Bank, India’s biggest private sector lender, has become the latest lender to hike the fixed deposit interest rates for its customers.
