If you are thinking of investing money in Fixed Deposit (FD), then this news can be good for you. HDFC Bank, one of the country’s largest private banks, has increased the interest rates on FDs of some duration, giving relief to crores of its customers. The bank has especially increased the interest rate on FDs of more than 3 years. The new rates have come into effect from March 6, 2026, due to which new investors will get slightly higher returns than before.
Interest increased on FD of more than 3 years
The bank has increased the interest rate on FDs with tenure ranging from 3 years 1 day to less than 4 years 7 months by 10 basis points i.e. 0.10%. Earlier, general customers used to get 6.40% interest on FD of this period, which has now been increased to 6.50%. At the same time, relief has also been given for senior citizens. Earlier they used to get 6.90% interest, which has now been increased to 7%. This change will be applicable to FDs of less than Rs 3 crore.
Interest rates on different tenures
According to the new rates, the bank is giving interest ranging from 2.75% to 6.50% to general customers. Whereas for senior citizens this rate ranges from 3.25% to 7%. These rates are applicable on FDs ranging from 7 days to 10 years. Interest rates on short term FDs are low. For example, on FD of 7 to 29 days, general customers are getting 2.75% interest and senior citizens are getting 3.25% interest. Whereas on FD of 6 months to 9 months, 5.50% interest is being given to general customers and 6% interest to senior citizens.
More benefits in long term FD
Those investing in long term FD may get slightly higher returns. On FD of 18 months to 2 years, general customers are getting around 6.45% interest and senior citizens are getting 6.95% interest. Apart from this, 6.15% interest is being given to general customers and 6.65% interest to senior citizens on FD of 5 years to 10 years.
How much interest will you get on depositing ₹1,00,000?
If an ordinary citizen makes an FD of ₹ 1,00,000 for about 5 years under this new rate, then he can get interest around ₹ 37,364. That means the total amount on maturity can be around ₹ 1,37,364. Whereas if a senior citizen makes an FD of ₹ 1,00,000 for the same period, then he can get around ₹ 1,40,784 on maturity.
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