Personal Finance News
HDFC Bank fixed deposit and recurring deposit interest rates 2026: Here's what you should know
6 min read | Updated on January 07, 2026, 09:55 IST
SUMMARY
The HDFC Bank offers interest rates ranging from 4.25% to 6.45% to the general public on recurring deposits across various tenures, along with an extra 0.50% interest to senior citizens. The bank revised its rates on December 17, 2025.
HDFC Bank currently offers interest rates ranging from 2.75% to 6.45% for the general public.
HDFC Bank, India’s largest private sector lender, is offering up to 6.45% interest to the general public and up to 6.95% to senior citizens on both fixed deposits and recurring deposits.
The private lender reduced its interest rates multiple times in 2025, similar to other major banks, including the State Bank of India (SBI), in response to the Reserve Bank of India's (RBI) repo rate cuts. More on this later, let’s first take a look at the latest interest rates offered by the HDFC Bank across various tenures.
HDFC Bank fixed deposit interest rates 2026
The HDFC Bank revised its interest rates on December 17, 2025, after the 25 basis points (bps) repo cut announced by the RBI in December. The bank currently offers interest rates ranging from 2.75% to 6.45% for the general public, with an additional 0.50% for senior citizens.
| Tenure | Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
|---|---|---|
| 7 – 14 days | 2.75% | 3.25% |
| 15 – 29 days | 2.75% | 3.25% |
| 30 – 45 days | 3.25% | 3.75% |
| 46 – 60 days | 4.25% | 4.75% |
| 61 – 89 days | 4.25% | 4.75% |
| 90 days ≤ 6 months | 4.25% | 4.75% |
| 6 months 1 day ≤ 9 months | 5.50% | 6.00% |
| 9 months 1 day to < 1 year | 5.75% | 6.25% |
| 1 year to < 15 months | 6.25% | 6.75% |
| 15 months to < 18 months | 6.35% | 6.85% |
| 18 months to < 21 months | 6.45% | 6.95% |
| 21 months to 2 years | 6.45% | 6.95% |
| 2 years 1 day to < 2 years 11 months | 6.45% | 6.95% |
| 2 years 11 months (35 months) | 6.45% | 6.95% |
| 2 years 11 months 1 day ≤ 3 years | 6.45% | 6.95% |
| 3 years 1 day to < 4 years 7 months | 6.40% | 6.90% |
| 4 years 7 months (55 months) | 6.40% | 6.90% |
| 4 years 7 months 1 day ≤ 5 years | 6.40% | 6.90% |
| 5 years 1 day to 10 years | 6.15% | 6.65% |
- Senior citizen rates do not apply to NRIs.
- The minimum tenor for NRE deposits is 1 year.
- Penalties apply to premature withdrawals.
HDFC Bank recurring deposits interest rates 2026
Currently, the HDFC Bank offers interest rates ranging from 4.25% to 6.45% to the general public on recurring deposits across various tenures, along with an extra 0.50% interest to senior citizens. The bank revised its rates on December 17, 2025.
| Period | Interest Rate (p.a.) | Senior Citizen Rate (p.a.) |
|---|---|---|
| 6 Months | 4.25% | 4.75% |
| 9 Months | 5.50% | 6.00% |
| 12 Months | 6.25% | 6.75% |
| 15 Months | 6.35% | 6.85% |
| 18 Months | 6.45% | 6.95% |
| 21 Months | 6.45% | 6.95% |
| 24 Months | 6.45% | 6.95% |
| 27 Months | 6.45% | 6.95% |
| 30 Months | 6.45% | 6.95% |
| 33 Months | 6.45% | 6.95% |
| 36 Months | 6.45% | 6.95% |
| 39 Months | 6.40% | 6.90% |
| 42 Months | 6.40% | 6.90% |
| 45 Months | 6.40% | 6.90% |
| 48 Months | 6.40% | 6.90% |
| 51 Months | 6.40% | 6.90% |
| 54 Months | 6.40% | 6.90% |
| 57 Months | 6.40% | 6.90% |
| 60 Months | 6.40% | 6.90% |
| 63 Months | 6.15% | 6.65% |
| 66 Months | 6.15% | 6.65% |
| 69 Months | 6.15% | 6.65% |
| 72 Months | 6.15% | 6.65% |
| 75 Months | 6.15% | 6.65% |
| 78 Months | 6.15% | 6.65% |
| 81 Months | 6.15% | 6.65% |
| 84 Months | 6.15% | 6.65% |
| 87 Months | 6.15% | 6.65% |
| 90 Months | 6.15% | 6.65% |
| 93 Months | 6.15% | 6.65% |
| 96 Months | 6.15% | 6.65% |
| 99 Months | 6.15% | 6.65% |
| 102 Months | 6.15% | 6.65% |
| 105 Months | 6.15% | 6.65% |
| 108 Months | 6.15% | 6.65% |
| 111 Months | 6.15% | 6.65% |
| 114 Months | 6.15% | 6.65% |
| 117 Months | 6.15% | 6.65% |
| 120 Months | 6.15% | 6.65% |
- Special Edition Fixed Deposit rates of 33 months and 55 months do not apply to RDs.
- NRE can book RDs for a minimum tenure of 12 months.
- Minimum investment required is ₹1,000 per month (in multiples of 100 thereafter).
- Penalties apply to premature withdrawals.
- Interest on RDs is calculated from the date when the instalment is paid, and the interest is calculated on actual/actual quarterly compounding.
Why did HDFC Bank cut interest rates?
In 2025, the RBI cut the repo rate four times, bringing the total reduction to 1.25% bps. When the RBI cuts the key interest rate (repo), lending and borrowing rates go down across the country.
As borrowing becomes cheaper for banks, they pass the benefits to the customers by lowering loan interest rates, but they also lower interest rates on deposits. Due to the multiple repo rate cuts last year, most banks in India introduced several interest rate cuts on FDs and RDs during the year. Customers must compare the deposit rates offered by banks and book their FDs or RDs at the highest available rates.
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