These rates are effective from 1 October 2023. Senior citizens will earn an interest rate of 3.5% to 7.75% on these deposits. In the event of premature withdrawal of these FDs due to a death claim, interest is to be paid to the claimant.Īfter the latest revision, the bank is offering an interest rate ranging from 3% to 7.20 % to general customers on deposits maturing in 7 days to 10 years. Any interest credited or paid up to the date of such premature closure will be recovered from the deposit In the event of premature withdrawal of these deposits (except for the deceased claim settlement case), the Bank will not pay any interest on the principal amount of the deposit. However, the Bank may allow premature withdrawal of these deposits in exceptional circumstances such as in the event of any direction from any judiciary /statutory / bankruptcy and/or regulatory authorities cases or deceased claim settlement cases These term deposits cannot be closed by the depositor before the expiry of the term of such deposit. What are non-withdrawable fixed deposits (FDs) HDFC Bank's non-withdrawal FD rates greater than or equal to ₹2 crore
