Meanwhile, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 percent as expected in its MPC on 8 December. More than 38 months to less than 61 months 7.40% More than 26 months to less than 37 months 7.60% The bank is offering the highest FD interest rate of 8% to general customers and 8.60% for senior citizens, after the revision.Īfter the latest hike, DCB Bank is offering an interest rate ranging from 3.75% to 8% on FDs maturing in seven days to ten years to general customers, and 4.25% to 8.60% to elderly people.ġ2 months 1 day to 12 months 10 days 7.85%ġ2 months 11 days to 18 months 5 days 7.15%ġ8 months 6 days to less than 700 days 7.50% The new rates are effective from 13 December as per the DCB Bank website. On term deposits of 3 years 1 day to 5 years, the general public will get 7.10% return, while senior citizens will get 7.60%. However, term deposits ranging from 5 years 1 day to 10 years will provide only 6% return, while senior citizens will get 6.5%.3 years and above but less than 4 years 7.00%Ĥ years and above but less than 5 years 7.00%ĥ years and above up to and inclusive of 10 years 6.20%ĭCB Bank has hiked fixed deposit interest rates on select tenors for deposits below ₹2 crore. Similarly, on FDs of 1 year, the bank is offering 7.25% for the general public and 7.75% for senior citizens. Senior citizens will get 7.25% interest for the same term.

With the latest revision in rates, on deposits below Rs 1 crore, HDFC Bank is now offering 6.75% interest rate on its fixed deposits for 6 months 1 day to 6 months 3 days. It may be noted that almost all banks – including SBI, ICICI Bank and Kotak Bank – have revised their FD rates upwards in this rising interest rate regime. The last revision in the FD rates was done by the bank on August 06, 2018. The new interest rates of the bank’s domestic, NRO and NRE term deposits of less than Rs 5 crore – for both the general public as well as senior citizens – are effective from October 06, 2018. Just a day after the RBI decided to keep its key policy rates unchanged in its October monetary policy review, India’s largest private lender HDFC Bank announced its new fixed deposit interest rates on Saturday.

Fixed deposit rates in hdfc bank