Introduction Fixed Deposits (FDs) remain one of the safest and most preferred investment options for individuals looking for stable returns. Recently, two major private sector banks—HDFC Bank and Yes Bank—have revised their FD interest rates. If you have invested or are planning to invest in an FD, here’s what you need to know about the new rates and how they impact your returns.
HDFC Bank’s Revised FD Interest Rates HDFC Bank has adjusted its interest rates for fixed deposits below ₹3 crore. The new rates have been effective from April 1, 2025. Here’s a detailed breakdown:
7 to 14 days – 3.00%
15 to 45 days – 3.50%
46 to 90 days – 4.50%
6 months 1 day to 9 months – 5.75%
9 months 1 day to 1 year – 6.00%
1 year to 15 months – 6.60%
15 months to 18 months – 7.10%
18 months to 21 months – 7.25%
21 months to 2 years – 7.00%
2 years 1 day to 2 years 11 months – 7.00%
3 years 1 day to 4 years 7 months – 7.00%
4 years 7 months 1 day to 5 years – 7.00%
5 years 1 day to 10 years – 7.00%
Yes Bank’s Revised FD Interest Rates Yes Bank has also revised its interest rates across different tenures. The revised rates, effective from April 1, 2025, are as follows:
7 to 29 days – 3.00%
30 to 45 days – 3.50%
46 to 90 days – 4.50%
91 to 120 days – 5.00%
121 to 180 days – 5.00%
181 to 271 days – 6.25%
272 days to 12 months – 6.50%
12 months to 24 months – 7.75%
24 months to 36 months – 7.25%
36 months to 60 months – 7.25%
60 months – 7.25%
60 months 1 day to 120 months – 7.00%
How Will These Changes Impact Investors? For investors, these changes mean that while some tenures offer competitive interest rates, others have seen a reduction. HDFC Bank has slightly lowered its interest rates for certain tenures, whereas Yes Bank has maintained higher rates for long-term deposits.
Senior citizens often get an additional interest rate benefit on FDs, making it crucial for them to compare rates before investing.
Conclusion With both HDFC Bank and Yes Bank revising their FD rates, investors must carefully evaluate their investment timeline and financial goals before making a decision. Comparing FD rates across banks can help maximize returns while ensuring liquidity and financial security.
For further updates on FD rates and other banking news, stay tuned!
