HDFC Bank Slashes FD Rates from Today, Millions Affected

• HDFC Bank revised Fixed Deposit (FD) interest rates, effective December 17, 2025, for deposits below ₹3 crore.
• The move follows RBI's repo rate reduction and SBI's similar action, impacting customer profits.
• General customers will now receive 2.75% to 6.60% interest, while senior citizens get up to 7.10%.
• Interest rates for 18 months to less than 21 months tenure reduced by 15 bps (6.6% to 6.45% for general, 7.1% to 6.95% for senior citizens).
• Financial experts advise caution and comparing rates, as further reductions are possible.

Why It Matters: HDFC Bank cuts FD rates, impacting millions; investors advised to compare and choose wisely.