HDFC Bank has revised bulk fixed deposits interest rates for amounts above Rs 2 crore to Rs 5 crore for domestic, NRO, NRE customers. The new rates are effective from February 3, 2024, as per the HDFC Bank website.
What are bulk FDs
Fixed deposits ranging from Rs 2 crore to Rs 5 crore are termed bulk deposits, and the interest rate varies depending on whether the deposit is regular or bulk.Top banks latest bulk deposit interest rates: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Axis Bank
Latest HDFC Bank bulk FD interest rates
The bank offers interest rates ranging from 4.75% to 7.40% for ordinary residents and 5.25% to 7.90% for senior citizens. The highest interest rates of 7.40% and 7.90% are available for terms ranging from one year to less than 15 months.
HDFC Bank is offering an interest rate of 4.75% on bulk deposits maturing in 7 to 29 days, and 5.50% on deposits maturing in 30 to 45 days. HDFC Bank currently offers an interest rate of 5.75% on deposits of 46 to 60 days and 6.00% on deposits of 61 to 89 days.
Deposits due in 90 days to 6 months earn 6.50%, while deposits maturing in 6 months 1 day to 9 months earn 6.65%. The bank will pay 6.75% interest on fixed deposits due in 9 months, 1 day, or 1 year, while HDFC Bank will pay 7.40% interest on deposits maturing in 1 year to 15 months. HDFC Bank will pay an interest rate of 7.05% on deposits due in 15 months to two years, and 7.00% on deposits maturing in two years, one day to 10 years.
| Tenor Bucket | >=2 Crore to 5 Crores |
| Interest Rate (per annum) | |
| 7 – 14 days | 4.75% |
| 15 – 29 days | 4.75% |
| 30 – 45 days | 5.50% |
| 46 – 60 days | 5.75% |
| 61 – 89 days | 6.00% |
| 90 days = 6 months | 6.50% |
| 6 mnths 1 day =9mnths | 6.65% |
| 9 mnths 1 day to 1 Year | 6.75% |
| 1 Year to 15 months | 7.40% |
| 15 months to 18 months | 7.05% |
| 18 months to 21 months | 7.05% |
| 21 months to 2 years | 7.05% |
| 2 year 1 day to 3 years | 7.00% |
| 3 year 1 day to 5 years | 7.00% |
| 5 year 1 day to 10 years | 7.00% |
HDFC Bank senior citizen FD rates
Senior citizens will receive an additional interest rate of 50 basis points, or 0.50%, over standard rates on fixed deposits.
Applicable from 3th Feb, 2024
(Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year.)
| Tenor | **Senior Citizen Rates (per annum) |
| 7 – 14 days | 5.25% |
| 15 – 29 days | 5.25% |
| 30 – 45 days | 6.00% |
| 46 – 60 days | 6.25% |
| 61 – 89 days | 6.50% |
| 90 days = 6 months | 7.00% |
| 6 mnths 1 day =9mnths | 7.15% |
| 9 mnths 1 day to 1 Year | 7.25% |
| 1 Year to 15 months | 7.90% |
| 15 months to 18 months | 7.55% |
| 18 months to 21 months | 7.55% |
| 21 months to 2 years | 7.55% |
| 2 year 1 day to 3 years | 7.50% |
| 3 year 1 day to 5 years | 7.50% |
| 5 year 1 day to 10 years | 7.75%* |
HDFC Bank regular FD
HDFC Bank revised FD interest rates between 3% to 7.20% for regular citizens on deposits below Rs 2 crore for tenures ranging from 7 days to 10 years. The rates are effective from October 1, 2023. Source Link
