The rates have been raised by up to 35 basis points (bps) on deposits of various tenors.
The revised interest rates came into effect on 8 November. Taking a cue from the RBI, HDFC Bank has raised the interest rates on fixed deposits (FDs) below Rs 2 crore. Banks have been raising their interest rates on fixed deposits (FDs) after the Reserve Bank of India (RBI) started hiking the repo rate since May this year.
