This move comes on the heels of the Reserve Bank of India hiked repo rates by 50 basis points in its monetary policy meeting on August 8, 2022. These new rates announced will be effective from August 18, 2022. The private lender has increased interest rates across tenors by as up to 40 basis points (bps). HDFC Bank FD Rates: HDFC Bank has hiked its fixed deposit rates along with its recurring deposit.
