HDFC Bank, Federal Bank revise FD rates
HDFC Bank has raised fixed deposit interest rates for senior citizens on certain tenure buckets. The bank increased rates by 10 basis points (bps) for deposits under Rs 3 crore, effective from August 19, 2026. Previously, senior citizens received a 7% interest rate on a 3-year 1 day to 4 years 7 months tenure, but the new rate is 7.10%. Other tenure buckets have either remained unchanged or decreased slightly.
Federal Bank has also revised its fixed deposit rates, with senior citizens now receiving up to 7.20% interest on a 48-month tenure. The new rates will be available from August 17, 2026. Regular citizens will continue to receive FD interest rates ranging from 2.75% to 6.50%.
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