For senior citizens, these rates are between 3.5 percent and 7 percent. On FDs maturing in 7 days to 10 years, the bank is offering interest between 3 percent and 6.25 percent to the general public. The rates have been raised by up to 35 basis points (bps) on deposits of various tenors. The revised interest rates came into effect on 8 November. Taking a cue from the RBI, HDFC Bank has raised the interest rates on fixed deposits (FDs) below Rs 2 crore. Banks have been raising their interest rates on fixed deposits (FDs) after the Reserve Bank of India (RBI) started hiking the repo rate since May this year.
