HDFC FD Rates for Senior Citizens

HDFC Bank provides a fixed deposit account facility for senior citizens with additional interest rates of up to 0.75% over and above the standard interest rates.

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Features of IDFC Bank Fixed Deposit

Investment Amount Minimum - Rs.10,000 Maximum- No Maximum Limit

Tenure Minimum - 7 daysMaximum- 10 Years

Interest Rate Minimum - 4.00 %Maximum- 8.00%

Compare FD Interest Rates of Top Financial Institutions

BANKS	GENERAL CITIZENS	SENIOR CITIZEN
Axis Bank FD Rates	2.50% - 5.75%	2.50% - 6.50%
Bandhan Bank FD Rates	3.00% - 5.00%	3.75% - 5.75%
Bank of Baroda FD Rates	2.80% - 5.25%	3.30% - 6.25%
Bank of India FD Rates	2.85% - 5.05%	3.35% - 5.55%
Canara Bank FD Rates	2.90% - 5.40%	2.90% - 5.90%
Central Bank of India FD Rates	2.75% - 5.00%	2.90% - 3.25%
DBS Bank FD Rates	2.50% - 5.50%	3.50% - 6.00%
HDFC Bank FD Rates	2.50% - 5.60%	3.00% - 6.35%
IDFC Bank FD Rates	2.50% - 6.00%	3.00% - 6.50%
Indian Bank FD Rates	2.90% - 5.15%	3.40% - 5.65%
Indian Overseas Bank FD Rates	3.40% - 5.20%	3.90% - 5.70%
IndusInd Bank FD Rates	2.50% - 6.00%	3.00% - 6.50%
Punjab National Bank FD Rates	2.90% - 5.25%	3.50% - 5.75%
SBI FD Rates	5.30% - 5.40%	5.80% - 6.20%
UCO Bank FD Rates	2.55% - 5.05%	3.80% - 6.30%
Yes Bank FD Rates	3.25% - 6.25%	3.75% - 7.25%

In addition, a 0.25% higher interest rate is offered to senior citizens who invest an amount less than Rs.5 crores for a period of 5 years to 10 years.

Interest Rate	For FD investments less than Rs.2 crores: 2.50% to 5.50% per annum For FD investments equal to or more than Rs.2 crores to less than Rs.5 crores: 2.50% to 4.40% per annum
HDFC FD Rates for Senior Citizens	The additional interest rate of up to 0.75% applies to the senior citizens for the HDFC Bank FD account. For HDFC Senior Citizen Care FD, 0.75% (0.50% + 0.25%) over the standard FD rates. (For the FD investments for a minimum of 5 years 1 day onwards).
The Tenor of the Fixed Deposit	7 days to 10 years
Investment in the FD Account for Senior Citizens	Minimum Rs.5,000 to maximum < Rs.5 crores.

About HDFC Fixed Deposit Interest Rate Calculator

HDFC Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

The amount that is invested
The Rate of Interest offered
The tenure of the Fixed Deposit Account
The compounding period, that is, yearly, half-yearly, quarterly, or monthly
The FD Amount

Once entered the following details, an investor will come to know:

The maturity value of the FD
The total interest earned during the complete tenure

HDFC FD Rates for Senior Citizens

HDFC FD Rates for Senior Citizens are given below:

HDFC FD Rates for Senior Citizens for the FD amount equal to or more than Rs.2 crores to less than Rs.5 crores. (w.e.f. 1st Dec 2021)
S. No.	Tenure	Interest rates
1.	7 days to 14 days	3.00% per annum
2.	15 days to 29 days	3.00% per annum
3.	30 days to 45 days	3.25% per annum
4.	46 days to 60 days	3.25% per annum
5.	61 days to 90 days	3.50% per annum
6.	91 days to 6 months	3.50% per annum
7.	6 months 1 day to 9 months	4.00% per annum
8.	9 months 1 day to less than 1 year	4.15% per annum
9.	1 year	4.25% per annum
10.	1 year 1 day to 2 years	4.25% per annum
11.	2 years 1 day to 3 years	4.90% per annum
12.	3 years 1 day to 5 years	4.90% per annum
13.	5 years 1 day to 10 years	5.15% per annum

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*The above-mentioned HDFC Bank Senior Citizen FD interest rates are subjected to change from time to time according to the market conditions and the sole discretion of the HDFC Bank.

HDFC FD Rates for Senior Citizens for the FD amount less than Rs. 2 crores. (w.e.f. 1st Dec 2021)
S. No.	Tenure	Interest rates
1.	7 days to 14 days	3.00% per annum
2.	15 days to 29 days	3.00% per annum
3.	30 days to 45 days	3.50% per annum
4.	46 days to 60 days	3.50% per annum
5.	61 days to 90 days	3.50% per annum
6.	91 days to 6 months	4.00% per annum
7.	6 months 1 day to 9 months	4.90% per annum
8.	9 months 1 day to less than 1 year	4.90% per annum
9.	1 year	5.40% per annum
10.	1 year 1 day to 2 years	5.50% per annum
11.	2 years 1 day to 3 years	5.65% per annum
12.	3 years 1 day to 5 years	5.85% per annum
13.	5 years 1 day to 10 years	6.25% per annum

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*The above-mentioned HDFC Bank Senior Citizen FD interest rates are subjected to change from time to time according to the market conditions and the sole discretion of the HDFC Bank.

FD interest have fallen consistently over the last 5 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

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Features of HDFC FD for Senior Citizens

Features of HDFC FD Rates for Senior Citizens are given below:

Additional interest rates of up to 0.75% apply to senior citizens' FDs above the standard interest rates.
The minimum FD tenure of HDFC Bank for senior citizens is 7 days.
The maximum FD tenure of HDFC Bank for senior citizens is 10 years.
A senior citizen can open an HDFC FD deposit with a minimum amount of Rs.5, 000.
HDFC Bank computes the FD interest rates based on the actual number of days in a year.
Premature withdrawal is available to all FD amounts. For premature withdrawals before five years, the final interest rates applicable will be 1.00% below the specified rate for the FD tenure.
For premature withdrawals post five years, the final interest rates applicable will be 1.25% below the specified FD rate for the fixed tenure.

The HDFC Bank FD rates for senior citizens are calculated as

For FD tenures of less than or equal to 6 months, simple interest is calculated
Interest is calculated every quarter for FD tenures of more than 6 months, with the quarterly pay-out option.
For the FD tenure of more than 6 months with the monthly pay-out option, interest is paid monthly by calculating the interest rate every quarter. This monthly interest payment is made by offering a discount rate over the specified interest rate.
For FD tenures of more than 6 months with the interest reinvestment option, accrued interest is calculated every quarter, added to the base amount in the subsequent quarter (interest is calculated on a total amount).

Benefits of HDFC FD for Senior Citizens

Benefits of HDFC FD account for senior citizens are given below:

For Senior Citizen Care FD, the additional interest rate applies to new FD renewals by the senior citizens during the above specified FD tenure.
Additional interest of 0.75% per annum will be applicable for the FD investments for a minimum of 5 years and 1 day onwards under Senior Citizen Care FD.
A loan facility is available to the depositors against the FD account.
The depositors can avail of tax benefits.
Under Senior Citizen Care FD, additional interest will also be applicable for the new and renewal of the FD account.
The bank allows a joint account, but the first applicant has to be a senior citizen.

Eligibility of HDFC FD for Senior Citizens

Eligibility of HDFC FD account for senior citizens are given below:

Senior citizens who have attained the age of 60 years.
Only Indian residents are eligible for opening the HDFC Bank FD account in the case of senior citizens. NRIs/ PIOs are not eligible to open this account.
Retired personnel of the defense services who attained the age of 60 years and above are eligible.

Documents Required for Opening the Senior Citizen FD Account in HDFC Bank

Documents required for opening the HDFC FD account For Senior Citizens are given below:

Address proof
Age proof
Recent passport size photos
KYC documents
FD account opening form, which should be properly filled and signed.

Factors that Affect the HDFC FD Rates for Senior Citizens

Factors that affect the HDFC FD rates for senior citizens are given below:

Tenor: HDFC FD rates for senior citizens will be high if the senior citizen FD tenor is longer.
Age of the FD Account Holder: The age factor is the main criteria for higher interest rates. As the age grows, the rate of interest will also be high.
Deposit Amount: If the deposit amount in the FD account is high, then the rate of interest will also be high.

FAQ's

Q1. Will the HDFC Bank premature withdrawals affect the HDFC FD Rates for Senior Citizens if the FD tenor is between 7days and 14 days?

Ans. HDFC Bank does not allow premature withdrawals if the FD is between 7 days and 14 days.
Q2. What is the lock-in period of HDFC Bank senior citizen FD accounts?

Ans. The lock-in period is 5 years for the HDFC Bank senior citizen FD account.
Q3. What documents for the age proof should the depositor provide to the bank to avail the attractive HDFC FD rates for Senior Citizens?
Ans. The below list of documents can be provided to the bank as age proof to avail the HDFC FD rates for senior citizens:
- Date of birth certificate
- 10th memo
- Aadhaar card
- Voter id
- Driving license etc.
Q4. What documents for the address and identity proof should the depositor provide to the bank to avail the HDFC FD rates for Senior Citizens?
Ans. The below list of documents can be provided to the bank as address and identity proof to avail the HDFC FD rates for senior citizens:
- Aadhaar card
- Voter id
- Driving license
- Passport
- Electricity bill etc.
Q5. How can a senior citizen open an FD account in HDFC Bank?

Ans. A senior citizen customer can open the FD account in HDFC Bank either online by visiting the bank's official website or offline by visiting a bank branch.

FD Interest Rates
SBI FD Interest Rates	HDFC FD Interest Rates
ICICI FD Interest Rates	Axis Bank FD Interest Rates
Canara FD Interest Rates	Yes Bank FD Interest Rates
Kotak Mahindra FD Interest Rates	Bandhan Bank FD Interest Rates
Union Bank of India FD Interest Rates	Indusind Bank FD Interest Rates
PNB FD Interest Rates	Bank of Baroda FD Interest Rates
IDFC Bank FD Interest Rates	Indian Bank FD Interest Rates
RBL Bank FD Interest Rates	UCO Bank FD Interest Rates
Karnatka Bank FD Interest Rates	Bank of India FD Interest Rates
IDBI Bank FD Interest Rates	Central Bank of India FD Interest Rates
Bank of Maharashtra FD Interest Rates	Citi Bank FD Interest Rates
Allahabad Bank FD Interest Rates	Indian Overseas Bank FD Interest Rates
Andhra Bank FD Interest Rates	Corporation Bank FD Interest Rates
DBS Bank FD Interest Rates	Syndicate Bank FD Interest Rates
Dena Bank FD Interest Rates	Vijaya Bank FD Interest Rates
State Bank of Travancore FD Interest Rates	State Bank of Mysore FD Interest Rates
State Bank of Hyderabad FD Interest Rates

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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