|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|11 months 29 days - 1 year 11 months 28 days||7.1%||7.35%|
|1 year 11 months 29 days - 2 years 11 months 29 days||7.35%||7.6%|
|3 years - 4 years 11 months 28 days||7.4%||7.65%|
|4 years 11 months 29 days - 9 years 11 months 27 days||7.3%||7.55%|
Note: All interest rates shown above are as on 6th Nov 2023
HDFC is a housing finance company incorporated in 1977. The company has a strong presence in the general insurance, life insurance, asset management and education financing businesses through its subsidiaries - HDFC Ergo, HDFC Life Insurance Company, HDFC AMC and HDFC Credila. The bank has its headquarters in Mumbai. The total deposits as of March 2022 stood at INR 1,60,900 crores. HDFC Ltd.’s Fixed Deposits have an AAA (Stable) Credit Rating.
7.1% - 7.4%
7.35% - 7.65%
FD Rate for Seniors
₹ 2 Crores
Loan against FD
|Investment Amount||For 3 years with interest of 7.35%||For 5 years with interest of 7.4%|
|₹ 50,000||₹ 62,293||₹ 72,305|
|₹ 1 lakh||₹ 1,24,586||₹ 1,44,609|
|₹ 2 lakh||₹ 2,49,172||₹ 2,89,218|
|₹ 5 lakh||₹ 6,22,931||₹ 7,23,045|
|₹ 10 lakh||₹ 12,45,862||₹ 14,46,091|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹ 1,07,336||₹ 1,07,763|
|Total Investment Amount||₹ 1,00,000||₹ 1,00,000|
|Total Interest Gained||₹7,336||₹ 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 Ltd is one of the top housing financiers in the country. It has operational segments in banking, wealth management, insurance, etc. HDFC Ltd retail offerings include several saving schemes, and one of them is fixed deposits. This article covers in detail the different types of HDFC Ltd fixed deposits, their features and the FD interest rates in detail.
HDFC Ltd fixed deposit scheme has delivered a consistent performance for over three and half decades. For the deposit scheme, HDFC Ltd has received AAA ratings from CRISIL and ICRA for 26 consecutive years. The scheme offers assured and attractive returns.
HDFC Ltd offers the following fixed deposit schemes:
Monthly Income Plan
Cumulative Fixed Deposit Option
Non-Cumulative Interest Plan
Annual Income Plan
Offer regular monthly income to depositors. The monthly interest is directly credited to the depositor’s bank account. The scheme is ideal for senior citizens, retired individuals, homemakers, and freelancers.
The scheme offers a lump sum payment at the end of the deposit tenure. Therefore, this is an ideal option for investors looking to accumulate funds for the future—for example, a child’s marriage or higher education.
The scheme offers regular interest income to depositors. The interest payout frequency can be either quarterly or half-yearly. Therefore, ideal for investors who require funds at the end of each quarter or half-year.
The scheme offers regular yearly income to the depositors. The scheme offers good interest income, and depositors can plan for annual cash flows.
HDFC introduced a Green & Sustainable Deposit scheme that supports United Nations’ Sustainable Development Goals (SDGs). Green and Sustainable Deposit helps enhance HDFC’s participation in projects directly supporting United Nations’ SDGs. The scheme empowers its depositors by helping them opt for financial products that have a positive impact on the environment and society at large.
The tenure of HDFC Ltd FD ranges from 12 months to 120 months. Also, one cannot change the tenure of their HDFC Ltd FD once it has commenced.
The minimum investment in HDFC Ltd FD is INR 5,000. However, there is no limit on the maximum amount of investment in HDFC Ltd FD.
HDFC Ltd FD rates range between 5.25% and 6.5% for regular citizens and between 5.5% and 6.75% for senior citizens. Moreover, HDFC Ltd offers an additional 0.25% interest to senior citizens for deposits up to INR 2 crore. Investors can choose the interest payout frequency from monthly, quarterly, half-yearly, yearly, or maturity options.
All HDFC Ltd FDs can be withdrawn prematurely after the completion of 3 months. HDFC Ltd gives only 3% as interest for deposits withdrawn after three months but before six months. Whereas for deposits withdrawn after six months but before maturity, HDFC Ltd charges 1% as a penalty on the interest rate.
HDFC Ltd offers loans against their FDs after the completion of 3 months from the date of deposit. Investors can get up to 75% of the deposit amount as a loan subject to the terms of HDFC Ltd. Also, the interest rate for the loan will be 2% above the deposit rate.
HDFC Ltd individual FD investors can nominate beneficiaries for their FDs.
Investors can renew their HDFC Ltd FDs by submitting the FD receipt and prescribed application form a week before the expiry of the FD.
The HDFC Ltd FDs are rated AAA by rating agencies (CRISIL and ICRA) for 26 consecutive years. Hence, they are considered very safe for investment.
Investors cannot deposit an additional amount in an HDFC Ltd FD once commenced. However, they can open a fresh HDFC Ltd FD with the new amount.
Following is the eligibility criteria for opening an FD account with HDFC Ltd:
One can open an HDFC Ltd FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an HDFC FD account through internet banking:
The following steps will guide in opening an FD account through HDFC Ltd Mobile App:
To open an HDFC Ltd FD account offline, one has to visit the nearest HDFC Ltd branch. Fill the HDFC Ltd FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, HDFC Ltd will provide an FD receipt.
Following are the documents required to open a fixed deposit account with HDFC Ltd:
What is the highest HDFC Ltd FD rate today?
What is the highest interest rate on HDFC Ltd 1 year FD scheme?
What is HDFC Ltd FD scheme interest rate for 5 years?
How many years FD will double in HDFC Ltd ?
What is HDFC Ltd FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in HDFC Ltd ?
What are the available FD tenures in HDFC Ltd ?
What is HDFC Ltd FD ROI for 10 lakh deposit for 1 year?
The interest from the HDFC Ltd FD calculator for 10 lakh deposit for 1 year will be INR 73,357. The maturity value will be INR 10,73,357. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in HDFC Ltd ?
How many FDs can be opened in HDFC Ltd ?