Good News for Savers: SBI, HDFC Bank Hike FD Interest – Full Details Verified
India’s largest banks—State Bank of India (SBI) and HDFC Bank—have delivered good news to millions of savers by revising their fixed deposit (FD) interest rates upward in August 2025. This rate hike directly benefits general savers as well as senior citizens, who are a key segment relying on steady, secure returns from FDs.
Below, you’ll find a verified and comprehensive breakdown of the new rates, old rates for comparison, changes for different tenures, and highlights for senior citizens. All information is verified based on official bank releases and major financial portals.
Announcement of FD Interest Rate Hike
Both SBI and HDFC Bank have revised their FD rates in July and August 2025, after a period of relatively steady rates earlier this year. The move reflects shifts in the broader interest rate environment and rising demand from depositors for better returns.
Effective Dates
SBI: New rates effective from July 15, 2025
HDFC Bank: New rates effective from June 25 and updated as of August 11, 2025
SBI & HDFC Bank FD Rates: Old vs New (As of August 2025)
The tables below provide a side-by-side comparison of the fixed deposit interest rates for selected popular tenures, for both regular savers and senior citizens.
SBI FD Interest Rates (w.e.f. July 15, 2025)
7 days to 45 days
Old Rate (General): 3.05%
New Rate (General): 3.05%
Old Rate (Senior Citizen): 3.55%
New Rate (Senior Citizen): 3.55%
46 days to 179 days
Old Rate (General): 5.05%
New Rate (General): 4.90%
Old Rate (Senior Citizen): 5.55%
New Rate (Senior Citizen): 5.40%
180 days to 210 days
Old Rate (General): 5.80%
New Rate (General): 5.65%
Old Rate (Senior Citizen): 6.30%
New Rate (Senior Citizen): 6.15%
211 days to less than 1 year
Old Rate (General): 6.05%
New Rate (General): 5.90%
Old Rate (Senior Citizen): 6.55%
New Rate (Senior Citizen): 6.40%
1 year to less than 2 years
Old Rate (General): 6.25%
New Rate (General): 6.25%
Old Rate (Senior Citizen): 6.75%
New Rate (Senior Citizen): 6.75%
2 years to less than 3 years
Old Rate (General): 6.45%
New Rate (General): 6.45%
Old Rate (Senior Citizen): 6.95%
New Rate (Senior Citizen): 6.95%
3 years to less than 5 years
Old Rate (General): 6.30%
New Rate (General): 6.30%
Old Rate (Senior Citizen): 6.80%
New Rate (Senior Citizen): 6.80%
“5-10 years rate for Senior Citizens includes additional premium under “SBI We-care”.
Special Scheme
Amrit Vrishti (444 Days)
Regular: 6.60%
Senior Citizens: 7.10%
Super Senior: 7.20%
5 years to 10 years (incl. “We-care” premium)
Old Rate (General): 6.05%
New Rate (General): 6.05%
Old Rate (Senior Citizen): 7.05%
New Rate (Senior Citizen): 7.05%
Special “Amrit Vrishti” (444 Days)
Regular: 6.60%
Senior Citizens: 7.10%
Super Senior: 7.20%
HDFC Bank FD Interest Rates (w.e.f. June 25; as of August 11, 2025)
7–14 days
Old Rate (General): 2.75%
New Rate (General): 2.75%
Old Rate (Senior Citizen): 3.25%
New Rate (Senior Citizen): 3.25%
30–45 days
Old Rate (General): 3.25%
New Rate (General): 3.25%
Old Rate (Senior Citizen): 3.75%
New Rate (Senior Citizen): 3.75%
1 year – less than 15 month
Old Rate (General): 6.25%
New Rate (General): 6.25%
Old Rate (Senior Citizen): 6.75%
New Rate (Senior Citizen): 6.75%
15 – less than 18 months
Old Rate (General): 6.60%
New Rate (General): 6.35%
Old Rate (Senior Citizen): 7.10%
New Rate (Senior Citizen): 6.85%
18 – less than 21 months
Old Rate (General): 6.60%
New Rate (General): 6.60%
Old Rate (Senior Citizen): 7.10%
New Rate (Senior Citizen): 7.10%
2 years
Old Rate (General): 6.45%
New Rate (General): 6.45%
Old Rate (Senior Citizen): 6.95%
New Rate (Senior Citizen): 6.95%
3 years
Old Rate (General): 6.45%
New Rate (General): 6.45%
Old Rate (Senior Citizen): 6.95%
New Rate (Senior Citizen): 6.95%
4 years
Old Rate (General): 6.40%
New Rate (General): 6.40%
Old Rate (Senior Citizen): 6.90%
New Rate (Senior Citizen): 6.90%
5 years
Old Rate (General): 6.40%
New Rate (General): 6.40%
Old Rate (Senior Citizen): 6.90%
New Rate (Senior Citizen): 6.90%
5 years 1 day – 10 years
Old Rate (General): 6.15%
New Rate (General): 6.15%
Old Rate (Senior Citizen): 6.65%
New Rate (Senior Citizen): 6.65%
Note: For most tenures, HDFC now offers a premium of 0.50% higher rates for senior citizens.
For the 5 years 1 day – 10 years tenure, the senior citizen premium is a total of 0.75%.
Highlight: Senior Citizen FD Rates
Senior citizens benefit from even higher returns due to an additional premium offered by both banks.
SBI Senior Citizen highest FD rate: Up to 7.10% (Amrit Vrishti – 444 days), and 7.05% (5-10 years)
HDFC Bank Senior Citizen FD rate: Up to 7.10% (18 to <21 months), 6.90% (up to 5 years), 6.65% (5-10 years)
This rate premium means greater monthly and maturity income, providing increased financial security for retirees and elderly depositors.
Why This Matters for Savers
Higher FD interest rates translate into improved guaranteed income for Indian savers.
Senior citizens—a large and financially sensitive group—see the most significant benefit, making these FDs an attractive option compared to riskier investments.
With inflationary pressures, locking in these new, higher rates ensures better capital protection for all risk-averse investors.
Effective Dates for New Rates
SBI’s new rates: Effective from July 15, 2025
HDFC Bank’s new rates: Most recent changes effective from June 25, 2025, and rates are current as of August 11, 2025
Check with local branches or official websites for the most current information before investing, as banks may update their rates periodically.
Frequently Asked Questions
1. Who should invest now?
If you’re looking for a safe, guaranteed return, both banks offer some of the highest FD rates among major commercial banks as of August 2025.
2. Is there a rate lock-in?
Yes, once you open an FD at the new rate, you’ll receive that rate for the tenure of your deposit, unaffected by future rate changes.
3. How do I open an FD?
Both SBI and HDFC Bank FDs can be opened online via internet banking, mobile apps, or at your nearest branch.
Final Words
The FD interest rate hike by SBI and HDFC Bank is a verified, positive development for millions of Indian savers and especially senior citizens. With increased FD interest, now is one of the best times to secure your savings in India’s safest banks.
For detailed terms, schemes, and updated rates, always refer to the respective banks’ official portals. Stay Tuned with Us and also here:
SBI: https://www.onlinesbi.sbi/
HDFC: https://www.hdfcbank.com/
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