Mumbai, July 26, 2025 — If you or a family member has a Fixed Deposit (FD) account with HDFC Bank, this news is important for you. HDFC Bank, one of India’s largest private sector banks, has once again reduced its interest rates on fixed deposits and savings accounts, effective from July 25, 2025. This change will apply to deposits of up to ₹3 crore.
Notably, this is the second time in July that HDFC has revised its rates downward.
Who Will Be Affected?
The revised interest rates will impact both regular customers and senior citizens. The bank has slashed rates by 0.25% for fixed deposits with tenures of less than 15 months and more than 18 months.
- General customers, who were earlier earning 6.60%, will now get 6.35%.
- Senior citizens will now receive 6.85%, down from 7.10%.
What’s Behind the Rate Cut?
The latest move comes in the wake of the Reserve Bank of India’s (RBI) recent repo rate cut of 50 basis points. This repo rate directly influences banks’ lending and savings interest strategies. As a result, customers can now expect lower returns on savings and deposits.
Updated Fixed Deposit Interest Rates (Up to ₹3 crore)
| FD Tenure | General Public (%) | Senior Citizens (%) |
|---|---|---|
| 7 – 14 days | 2.75 | 3.25 |
| 15 – 29 days | 2.75 | 3.25 |
| 30 – 45 days | 3.25 | 3.75 |
| 46 – 60 days | 4.25 | 4.75 |
| 61 – 89 days | 4.25 | 4.75 |
| 90 days – 6 months | 4.25 | 4.75 |
| 6 months 1 day – 9 months | 5.50 | 6.00 |
| 9 months 1 day – 1 year | 5.75 | 6.25 |
| 1 year – 15 months | 6.25 | 6.75 |
| 15 – 18 months | 6.35 | 6.85 |
| 18 months 1 day – 21 months | 6.60 | 6.95 |
| 21 months – 2 years | 6.45 | 7.20 |
| 2 years 1 day – 35 months | 6.45 | 6.95 |
| 3 years 1 day – 4 years 7 months | 6.40 | 6.90 |
| 4 years 7 months – 55 months | 6.40 | 7.90 |
| 55 months 1 day – 5 years | 6.40 | 6.90 |
| 5 years – 10 years | 6.15 | 6.65 |
Expert Opinion
Financial analysts suggest that HDFC Bank’s latest rate revision aligns with broader trends in the banking industry. While it may reduce returns for fixed-income investors, especially retirees, the move is aimed at maintaining macroeconomic stability and aligning deposit rates with current market conditions.
For depositors, this serves as a reminder to regularly review investment strategies, especially during times of economic and monetary policy shifts.
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