HDFC Bank has reduced its fixed deposit rates for deposits up to Rs 3 crore for different tenures— applicable immediately for domestic, as well as non-resident Indians (NRIs), and non-resident external (NRE) accounts.
The bank is offering a maximum interest of 6.45% on tenures starting from 18 months to 3 years for deposits up to Rs 3 crore. Senior citizens, who are 60 years and above, will get an additional 50 basis points (bps) on their deposit than regular ones.
However, the senior citizen rates do not apply to NRIs, whereas the maximum tenure an NRE account can invest on HDFC Bank fixed deposit is up to one year.
Here’s a comparison of fixed deposit rates offered by HDFC Bank, as follows:
| Tenure | Regular | Senior Citizens |
|---|---|---|
| 7–29 days | 2.75% | 3.25% |
| 30–45 days | 3.25% | 3.75% |
| 46 days to 6 months | 4.25% | 4.75% |
| 6–9 months | 5.50% | 6.00% |
| 9–12 months | 5.75% | 6.25% |
| 1 year to 15 months | 6.25% | 6.75% |
| 15–18 months | 6.35% | 6.85% |
| 18 months to 3 years | 6.45% | 6.95% |
| 3–5 years | 6.40% | 6.90% |
| 5–10 years | 6.15% | 6.65% |
HDFC Bank's interest rate on fixed deposits up to 3 crore is accurate as of December 17, 2025.
HDFC Bank’s move to reduce FD rates comes only two days after the State Bank of India reduced its rates for deposits up to Rs 3 crore, and more banks are expected to reduce their rates in the coming days. Such a move by the two banks comes after the Reserve Bank of India (RBI) reduced the repo rate by 25 bps from 5.50% to 5.25% on December 5, 2025.
Here’s the fixed deposit rates offered by the State Bank of India, with effect from December 15, 2025.
| Tenure | Regular | Senior Citizens |
|---|---|---|
| 7–45 days | 3.05% | 3.55% |
| 46–179 days | 4.90% | 5.40% |
| 180–210 days | 5.65% | 6.15% |
| 211 days to 1 year | 5.90% | 6.40% |
| 1–2 years | 6.25% | 6.75% |
| 2–3 years | 6.40% | 6.90% |
| 3–5 years | 6.30% | 6.80% |
| 5–10 years | 6.05% | 7.05% |
SBI Bank's interest rate on fixed deposits up to Rs 3 crore is accurate as of December 17, 2025.
SBI is offering a maximum interest of 6.40% for a 2-3 year tenure on deposits up to Rs 3 crore. Senior citizens will get 50 bps more than regular deposits.
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