HDFC Bank Senior Citizen FD Rates 2025

What is an HDFC Senior Citizen FD?

An HDFC Senior Citizen FD is a fixed deposit account for senior citizens aged 60 and above. The scheme offers a higher rate (currently up to 7.10% p.a.) of interest than regular HDFC Bank FD rates, providing a guaranteed, stable, higher income. The flexible scheme offers senior citizens the option to choose monthly, quarterly, semi-annual, or cumulative (at maturity) interest payouts. For premature closure, the interest payable is calculated using the rate applicable on the date of booking for the period the deposit remained with the bank, less 1.00% (if closed on or before 5 years) or less 1.25% (if closed after 5 years). This also applies to sweep-in/partial withdrawal.

HDFC Senior Citizen FD Highlights

• Interest Rates: 0.50% higher rates than general citizens
• Premature Closure: Allowed with a penalty ( 1% to 1.25%)
• Nomination Facility: Available 
• Autorenewal Facility: Available
• Instant Booking: For existing customers via digital banking
• Loan Against FD: Available 
• TDS on FD: Applicable as per tax laws

HDFC Senior Citizens FD Latest Updates: HDFC Bank Cuts Senior Citizen FD Rate

HDFC Bank cut the Senior Citizen FD rate on the 15-to-18-month tenure by 25 Bps. The 7.10% interest rate now remains the highest one.

HDFC FD Interest Rates for Senior Citizens 

The HDFC FD interest rates for senior citizens for various deposits with different tenures are: 

HDFC Senior Citizen FD Rates (Less Than ₹3 Crore)

* The above revised FD rates for senior citizens in HDFC Bank is dated June 25, 2025
*Senior Citizen Rates do not apply to NRIs

HDFC Senior Citizen FD Rates (Greater Than or Equal to ₹3 Crores to Less Than ₹5 Crores)

Note: The above revised HDFC FD rate of interest for senior citizens is w.e.f. September 3, 2025.

Note: To get maximum returns on your investment, compare FD interest rates across leading banks in India to choose the most suitable option for your needs.

Key Benefits of HDFC Bank Senior Citizen FD

The benefits offered by HDFC Bank to senior citizens under a fixed deposit scheme are:

• Premature Closure: As per the HDFC Bank FD 2025 Special Plan, in case of premature closure of your FD, a penalty of 1.00% will apply if closed within 5 years, and 1.25% if closed after 5 years. The applicable interest rate will be based on the actual deposit duration. 
• Flexible Tenure Options: HDFC FD interest rates 2025 vary based on tenure, ranging from 7 days to 10 years. The depositor can choose a deposit tenure based on their investment objectives. 
• Multiple Payout Options: HDFC Bank offers senior citizens the flexibility to choose from monthly, quarterly, half-yearly, or cumulative interest payout options based on their preferred income from interest.
• Autorenewal Facility: The HDFC Bank FD for senior citizens provides the option of auto-renewal based on your instructions. This feature is helpful for those who are not familiar with online banking or cannot visit a branch regularly. 
• Sweep-in/Sweep-out: The Flexi Fixed Deposit feature of HDFC Bank ensures that surplus funds beyond a set limit are automatically transferred (swept in) into fixed deposits, providing higher returns than a regular savings account. When the savings balance falls short, the required amount is automatically swept out.
• Loan on FD: Besides the higher HDFC FDrate of interest for senior citizens, you can also get a loan against your FD deposits, allowing you to access the required amount while the remaining balance continues to earn maximized returns.

How to Open an HDFC Senior Citizen FD?

Opening an HDFC Senior Citizen Fixed Deposit is easy. You can do it online or by visiting a branch, whichever is convenient.

1. Online Method

   If you have NetBanking or Mobile Banking access with HDFC Bank:

   • Log in to your HDFC Bank account using NetBanking or the mobile app.
   • Go to the “Accounts” section and select “Open Fixed Deposit.”
   • Enter the deposit amount and choose the tenure.
   • Select “Senior Citizen FD” and choose your interest payout option – cumulative or periodic.
   • Add nominee details, review everything, and submit.
   • Your FD will be created instantly, and you’ll get confirmation via SMS and email.

2. Offline Method

   If you prefer to open it at a branch:

   • Visit the nearest HDFC Bank branch.
   • Ask for the Fixed Deposit application form and fill in the required details.
   • Submit age proof (Aadhaar, PAN, Voter ID, etc.), a passport-size photo, and your HDFC account details.
   • Deposit the amount through cash or cheque.
   • The bank will issue a receipt once the FD is created.

Taxation on HDFC Bank Senior Citizen FD Interest

Interest earned on HDFC Senior Citizen FDs is taxable. It is added to your total income and taxed as per your income tax slab. From April 1, 2025, TDS applies only if the total interest in a year crosses ₹1 lakh (for resident senior citizens). Under Section 80TTB, senior citizens can also claim a deduction of up to ₹50,000 on interest earned from HDFC Bank. Tax-saving FDs qualify for Section 80C deduction, but the interest earned is still taxable.

Key Takeaways

HDFC Bank senior citizen FD rates 2025 ensure 0.50% higher returns than regular FDs. Currently the bank offers rates up to 7.10% for senior citizens. Features like instant booking through online channels, auto-sweep, and credit card against FD make these deposit schemes popular among conservative investors. Additionally, investing in some FDs also helps depositors get tax rebates.