If you are looking to invest safely and earn attractive returns, then HDFC Bank’s latest update on its 18-month Fixed Deposit (FD) scheme will make you smile. Starting April 1, 2025, HDFC Bank has revised interest rates on fixed deposits below Rs 3 crore, bringing good news for both general and senior citizen investors.
The move comes after the bank concluded its popular special edition FD scheme on March 31, 2025. The latest update ensures that customers continue to enjoy competitive returns even after the special scheme has ended. In this article, we’ll walk you through the updated FD rates, how they compare to previous offers, and how you can make the most of this opportunity.
HDFC Bank 18-Month FD Update
| Key Information | Details |
|---|---|
| Bank | HDFC Bank |
| FD Tenure | 18 months to less than 21 months |
| New Interest Rate (General) | 7.25% p.a. |
| New Interest Rate (Senior Citizens) | 7.75% p.a. |
| Minimum Investment | Rs 5,000 |
| Maximum Investment | Below Rs 3 crore |
| Previous Special Rate (Senior) | 7.90% p.a. (ended March 31, 2025) |
| FD Type | Regular Fixed Deposit |
| Official Source | HDFC Bank FD |
If you’re looking for safe, stable, and rewarding short-term investment options, HDFC Bank’s updated 18-month FD rate is definitely worth considering. The 7.25% to 7.75% return bracket is one of the highest in the private banking sector as of April 2025.
What’s New in HDFC Bank’s 18-Month FD Scheme?
HDFC Bank has revised its interest rates on fixed deposits, especially focusing on the 18-month to less than 21-month tenure. Here’s the breakdown:
- General Customers: You will now earn an interest rate of 7.25% per annum.
- Senior Citizens: You get a higher rate of 7.75% per annum, giving you an edge in building your savings.
These revised rates are applicable for FDs below Rs 3 crore and are available starting April 1, 2025.
see also: Bandhan Bank’s Fixed Deposit Interest Rates
Why Did HDFC Bank Change Its FD Rates?
The update comes in response to the ending of the Special Edition FD scheme that had been offering slightly higher rates — up to 7.90% for senior citizens — until March 31, 2025. The decision aligns with the current interest rate trends and RBI’s monetary policy guidance.
HDFC Bank aims to maintain customer satisfaction while also staying competitive in the banking sector. The revised rates ensure stable and predictable returns while keeping up with market expectations, said a senior official from HDFC Bank.
How Does This FD Compare with Other Banks?
Here’s a quick comparison of 18-month FD rates across top private banks (as of April 2025):
| Bank Name | General Interest Rate | Senior Citizen Rate |
|---|---|---|
| HDFC Bank | 7.25% | 7.75% |
| ICICI Bank | 7.10% | 7.60% |
| Axis Bank | 7.20% | 7.70% |
| Kotak Mahindra | 7.00% | 7.50% |
As the table shows, HDFC Bank now leads the pack, especially for senior citizens.
How Much Will You Earn?
Let’s say you invest Rs 1 lakh for 18 months at the new HDFC FD rates:
For General Customer (7.25% p.a.)
- Maturity Amount: ~Rs 1,11,250
- Total Interest Earned: ~Rs 11,250
For Senior Citizen (7.75% p.a.)
- Maturity Amount: ~Rs 1,12,437
- Total Interest Earned: ~Rs 12,437
These returns are calculated on a cumulative basis, meaning the interest is compounded quarterly and paid at maturity.
How to Book an HDFC FD
Step 1: Choose the FD tenure
- Opt for the 18-month to less than 21-month tenure to get the best rate.
Step 2: Decide your investment amount
- Minimum deposit is Rs 5,000.
Step 3: Select the payout mode
- Choose between monthly, quarterly, or cumulative interest payouts.
Step 4: Book through your preferred channel
- Visit your nearest HDFC Bank branch, or
- Use NetBanking / MobileBanking.
Step 5: Keep your documents ready
- PAN card, Aadhaar, and bank account details are usually required.
Pro Tip: Senior citizens should opt for auto-renewal to lock in the rate, even if rates fall in the future.
Benefits of Choosing HDFC FD in April 2025
- Higher interest rate than major private banks
- Trusted bank with high credit ratings
- Flexible payout options
- Safe investment, protected under DICGC up to Rs 5 lakh
- Online booking facility for ease and convenience
see also: You Will Get Fixed Interest of ₹5550 Every Month
FAQs About HDFC 18-Month FD Rate Update
Q1. When were the new FD rates implemented?
April 1, 2025, right after the special edition FD scheme ended.
Q2. Is the 7.75% rate available for all senior citizens?
Yes, if you’re aged 60 or above, you qualify for the senior citizen rate.
Q3. What is the minimum amount to open an FD?
The minimum deposit amount is Rs 5,000.
Q4. Is this FD scheme available online?
Yes, you can book it via HDFC Bank NetBanking, MobileBanking, or at branches.
Q5. Can NRIs invest in this FD scheme?
NRIs can invest in NRE/NRO FDs, but they may have different rates. Always check with the bank first.
