HDFC Bank, India’s largest private sector lender, has revised the interest rates on bulk fixed deposits (FDs) ranging from ₹3 crore to less than ₹5 crore. The updated rates, effective December 5, 2024, now offer returns of 4.75% to 7.40% for the general public and 5.25% to 7.90% for senior citizens on deposit tenors from 7 days to 10 years. The new rates aim to provide competitive returns for bulk depositors while catering to the needs of both regular and senior citizen customers.
For bulk deposits maturing within 7 to 29 days, HDFC Bank offers an interest rate of 4.75%. Deposits with tenors of 30 to 45 days now earn an interest rate of 5.50%. The bank has set the rate for deposits maturing between 46 and 60 days at 5.75%, providing an attractive short-term investment option for large depositors.
Bulk deposits with tenors of 61 to 89 days will now earn an interest rate of 6.00%. The revisions are part of HDFC Bank’s strategy to adjust rates based on market conditions while ensuring its deposit products remain attractive for high-value customers. These short-term rates provide a competitive alternative for investors seeking liquidity with substantial returns.
The revised rates for longer tenors reflect HDFC Bank’s commitment to delivering consistent value. Deposits for medium and long-term durations offer rates up to 7.40% for the general public and 7.90% for senior citizens, ensuring that larger deposits benefit from secure and high returns.
HDFC Bank’s updated interest rates are expected to attract bulk depositors looking for reliable and lucrative investment opportunities. For more details, customers can visit the official website of HDFC Bank or contact their nearest branch to explore tailored options for their fixed deposit needs.
