|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|7 days - 29 days||3%||3.5%|
|30 days - 1 month 14 days||3.5%||4%|
|1 month 15 days - 5 months 28 days||4.5%||5%|
|5 months 29 days - 8 months 30 days||5.75%||6.25%|
|9 months - 11 months 28 days||6%||6.5%|
|11 months 29 days - 1 year 3 months||6.6%||7.1%|
|1 year 3 months 1 day - 1 year 5 months 30 days||7.1%||7.6%|
|1 year 6 months - 2 years 10 months 29 days||7%||7.5%|
|2 years 10 months 30 days - 2 years 10 months 30 days||7.15%||7.65%|
|2 years 11 months - 4 years 6 months 28 days||7%||7.5%|
|4 years 6 months 29 days - 4 years 6 months 29 days||7.2%||7.7%|
|4 years 7 months - 4 years 11 months 28 days||7%||7.5%|
|4 years 11 months 29 days - 9 years 11 months 27 days||7%||7.75%|
Note: All interest rates shown above are as on 6th Nov 2023
HDFC Bank provides extensive commercial and transactional banking services, catering to wholesale and branch banking aimed at the retail segment. The bank primarily emphasizes providing car finance, business banking loans, commercial vehicle finance, credit cards, and personal loans. The bank was incorporated in 1995 and has its headquarters in Mumbai. As of March 2022, HDFC bank has 6,342 outlets across India and overseas and 18,130 ATMs/ Cash Withdrawal Machines. The total deposits as of March 2022 stood at INR 15,59,217 crores. HDFC Bank’s Fixed Deposits have a AAA Credit Rating.
3% - 7.2%
3.5% - 7.75%
FD Rate for Seniors
₹ 2 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 7%||For 5 years with interest of 7%|
|₹ 50,000||₹ 61,646||₹ 70,881|
|₹ 1 lakh||₹ 1,23,293||₹ 1,41,763|
|₹ 2 lakh||₹ 2,46,585||₹ 2,83,525|
|₹ 5 lakh||₹ 6,16,463||₹ 7,08,813|
|₹ 10 lakh||₹ 12,32,926||₹ 14,17,625|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,06,803||₹ 1,07,763|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹6,803||₹ 7,763|
|Bank Name||FD Interest Rates|
|Kerala Gramin Bank FD||7.5% - 8%|
|Punjab and Sind Bank FD||6% - 6.5%|
|Ellaquai Dehati Bank FD||6.25% - 6.75%|
|Manipur Rural Bank FD||6.2% - 6.7%|
|Sarva Haryana Gramin Bank FD||6.75% - 7.25%|
|City Union Bank FD||6.5% - 6.75%|
|LIC Housing Finance FD||7.75% - 8%|
|Dhanlaxmi Bank FD||6.5% - 7%|
|Tamilnad Mercantile Bank FD||6.5% - 7%|
|Capital Small Finance Bank FD||7.15% - 7.65%|
HDFC Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on HDFC Bank FDs is higher in their savings account. One can invest in HDFC Bank FDs through both online and offline modes with just a minimum investment of INR 5,000.
Following are the types of HDFC Bank fixed deposit schemes:
The Regular fixed deposit FD provides flexibility and security to the depositor. It offers attractive and high returns. Regular FD can be conveniently booked through net banking. Additionally, a nomination facility is available. Also, the Sweep and super saver facilities are available.
Individuals can take a loan against a fixed deposit of up to 90% on the deposit amount. Loans such as loan against property, business loan, education loan, etc., can be taken against FD. However, the loan interest rate varies based on the bank and type of loan. Also, one can always calculate their loan EMI using the loan EMI calculator.
Resident Indians, Organisations, HUFs, Sole proprietorship firms, trusts, and companies can open a regular fixed deposit account.
A tax savings investment option that qualifies for tax deduction under Section 80C of the Income Tax Act. Interest on the deposit is compounded quarterly. Also, this account too can be opened through net banking. Also, in the case of joint deposits, only the first holder is eligible for tax savings. A nomination facility is available. One can opt for either monthly or quarterly payouts. HUFs and Resident Indians of 18 years or above can open the 5 Year HDFC Bank tax-saving fixed deposit FD.
Through the FCNR account, foreign currencies earn Indian fixed deposit rates. In other words, it allows depositors to invest in foreign currencies. The NRI FD enables the holders to repatriate their entire principal amount and interest amount. Additionally, the depositors benefit from tax exemption on the entire deposit amount. FCNR FD holders can also avail overdraft facilities on their NRO savings or current account against the deposit amount with a super saving facility. The Foreign Currency Non-Resident (FCNR) Fixed Deposit FD can be opened by Non-Resident Indians (NRIs) and people of Indian Origin.
HDFC bank offers an overdraft facility on the fixed deposit schemes. This option helps the FD depositors to fulfil their financial needs with our having to break their FDs. The FD holders can avail up to 90% of overdrafts on their fixed deposits. The interest is paid only on the drawn amount. Overdraft against a fixed deposit scheme can be linked with both savings and current accounts. Therefore, to avail of the overdraft against fixed deposit, the minimum amount in the FD has to be INR 25,000 for a minimum tenure of six months one day.
As the name suggests, a No withdrawal fixed deposit scheme doesn’t allow any premature withdrawal or partial withdrawals of funds from the fixed deposit. However, depositors can opt for monthly or quarterly interest payouts. For all deposits with a tenure that is above six months, interest computation is done every quarter. HDFC Bank FD interest rate for a monthly interest option is computed at a discount rate. The discount rate is over the standard fixed deposit interest rates offered by the HDFC bank. The sweep-in facility, premature withdrawals, and partial withdrawals are not allowed. In accordance with the Income Tax Regulations, tax is deducted at source by the bank. Deposits of the value INR 5 crores or above can open a No withdrawal fixed deposit account.
HDFC Bank HealthCover FD combines the benefit of investing in FD with security of a health insurance cover. The health insurance cover involves Hospital Cash Cover for the first year.
HDFC Bank offers recurring deposits to its depositors. HDFC recurring deposits have a minimum tenure of six months and thereafter, in the multiples of three months. The maximum tenure of the recurring deposit is ten years. Depositors can open an RD account either by going to the bank branch or online using net banking.
One can open an HDFC Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an HDFC Bank FD account through internet banking:
The following steps will guide in opening an FD account through HDFC Bank Mobile App:
To open an HDFC Bank FD account offline, one has to visit the nearest HDFC Bank branch. Fill the HDFC Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, HDFC bank will provide an FD receipt.
While opening a fixed deposit account, the following are the list of documents required:
The eligibility for opening an HDFC FD account varies based on the type of account.
Only investment in HDFC bank Tax Saving FD qualifies for tax saving up to INR 1,50,000 per annum. Investment in no other HDFC bank FDs qualifies for tax saving under Section 80C of the Income Tax Act. The interest income from HDFC FD is taxable as per the investor’s income tax slab rates. Moreover, the interest income is subject to TDS of 10% if the income from HDFC FD exceeds INR 40,000 per annum. For senior citizens, the TDS threshold limit is INR 50,000 per annum. Also, if the investor doesn’t disclose PAN Card details to HDFC Bank, then the TDS rate will be 20%.
HDFC bank FDs guarantee return in the form of interest. The interest on HDFC FD is paid regularly or at maturity as per the choice of the investor. Moreover, all HDFC bank deposits are covered by the Deposit Insurance Scheme of RBI. The scheme cover all HDFC bank deposits up to INR 5,00,000. Hence HDFC Bank FDs are safe for investment.
What is the highest HDFC Bank FD rate today?
What is the highest interest rate on HDFC Bank 1 year FD scheme?
What is HDFC Bank FD scheme interest rate for 5 years?
How many years FD will double in HDFC Bank?
What is HDFC Bank FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in HDFC Bank?
What are the available FD tenures in HDFC Bank?
What is HDFC Bank FD ROI for 10 lakh deposit for 1 year?
The interest from the HDFC Bank FD calculator for 10 lakh deposit for 1 year will be INR 68,034. The maturity value will be INR 10,68,034. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in HDFC Bank?
How many FDs can be opened in HDFC Bank?