Meanwhile, on recurring deposits with terms ranging from 6 months to 120 months, HDFC Bank offers interest rates in the range of 3.75 per cent to 6.10 per cent for regular citizens and for senior citizens it ranges from 4.25 per cent to 6.60 per cent.
This move comes on the heels of the Reserve Bank of India hiked repo rates by 50 basis points in its monetary policy meeting on August 8, 2022. These new rates announced will be effective from August 18, 2022. The private lender has increased interest rates across tenors by as up to 40 basis points (bps). HDFC Bank FD Rates: HDFC Bank has hiked its fixed deposit rates along with its recurring deposit.
