HDFC Bank Adjusts FD Rates for Specific Tenures

In a recent move, HDFC Bank has reduced the interest rates on Fixed Deposits (FDs) for certain tenures by up to 20 basis points. This adjustment, effective from April 21, impacts both regular and senior citizen depositors.

Details of the Rate Cut

For FDs with a tenure of 18 to 21 months and amounts less than Rs 3 crore, the new rate stands at 7.05% per annum, down from 7.25%. Senior citizens will now receive 7.55%, a decrease from the previous 7.75%.

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