HDFC Bank, the country's largest private sector lender, has reduced the interest rate on single fixed deposit (FD) tenures by 25 basis points (bps), applicable to deposits of less than Rs 3 crore. The revised rates are effective from June 25, 2025. This is the second rate cut by the bank this month. On June 10, 2025, HDFC Bank had reduced FD rates on select tenures following a 50 bps reduction-from 6% to 5.5%-in the repo rate by the Reserve Bank of India (RBI).

The bank has also lowered the interest rates on savings accounts by 25 bps, effective June 24, 2025, according to HDFC Bank's website.

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HDFC Bank is now providing FD interest rates ranging from 2.75% to 6.60% for general citizens on tenures of 18 months to less than 21 months; and from 3.25% to 7.10% for senior citizens for amounts below Rs 3 crore.


Which tenures has HDFC Bank lowered FD rates?
HDFC Bank has reduced the interest rate on fixed deposits from 6.60% to 6.35% for general citizens with a tenure of 15 months to less than 18 months; the rate for senior citizens has been reduced from 7.10% to 6.85%.
Premature withdrawal
According to HDFC Bank's website, "With effect from July 22, 2023, the interest rate applicable for premature withdrawal, including sweep-in/partial withdrawal, will be 1% less (penalty as applicable) of the rate on the date of deposit booked, to the period for which deposit remained with the bank and not at the contracted rate."