HDFC Bank FD Interest Rates

1. Dream Deposits:

The dream deposit scheme of HDFC Bank gives you the flexibility to keep a part of your salary aside for achieving your goals and enjoy the rates on par with Bank's RDs and FDs. The best thing about this type of fixed deposit is that it is not like a typical fixed deposit scheme as no penalty is charged upon account breaking or when you miss the monthly payment. As an existing customer of HDFC Bank, you can opt for this FD scheme through net banking.

2. Regular Fixed Deposits:

The specifications of this FD scheme are:

• Under this scheme, you are allowed to save money by making deposits in the FD account, and then you can get guaranteed interest over it within a certain time.
• Offers attractive HDFC FD interest rates.
• The facility of nomination is provided.
• Supersaver and sweep in facilities.
• You can get a loan up to 90% of your FD amount.
• Hindu Undivided Families, Resident Indians, sole proprietorship firms, organizations, trusts, and limited companies are eligible.

3. 5 - Year Tax Saving FD:

The specifications of this fixed deposit scheme are:

• As per the name, the sole purpose of this fixed deposit scheme is to save taxes u/s 80C of the IT Act, 1961.
• Provides the facility of the nominee.
• In case the FD account is opened jointly, then only the first account holder is eligible to get tax benefits u/s 80C.
• The interest in the FDs is compounded every quarter.
• You can opt for either monthly or quarterly payouts.
• You can get this FD through net banking as well.
• HUFs and resident Indians of 18 years and more are eligible.

4. HDFC NRI Fixed Deposit:

The specifications of this scheme are:

• The HDFC Bank provides multiple FD options to select from.
• The minimum amount that is to be deposited for opening an account is Rs. 25,000, while this amount is Rs. 1,00,000 for add-ons.
• The tenure of this plan ranges from one year to 10 years.
• The interest that is earned through this type of fixed deposit account is eligible for tax exemption from Indian Income Tax.

5. Overdraft Against Fixed Deposits:

The specifications of this scheme are:

• This scheme provides you the facility to have two accounts together.
• Being a depositor, you can select between a current account and a savings account for linking with an FD account.
• The reward for the facility of overdraft is given to supplement your business or household requirements.
• The interest that can be paid back applies only to the amount you have drawn, whereas the remaining FD amount will continue to earn the interest.
• HUFs, resident Indians, and public and private limited companies are eligible to take the benefit from this scheme.

• It offers the ease of booking the FD online.
• A nomination facility is also available.
• Up to 90% loan facility is available on the FD.
• Easy investment scheme with higher returns.
• It offers a super saver and sweep-in facility on your FD.
• Tax exemption benefits up to Rs.1.5 lakhs in a fiscal year (applicable only to the first holder in case of joint deposits).
• Option to buy a 5-year lock-in scheme.
• HDFC FD interest rates are higher for Senior Citizens.
• Option to book quarterly and monthly payouts.

1. Internet Banking

To invest via internet banking, the following steps need to be followed:

• Login to the HDFC account
• Click on the “Open Fixed Deposit” option under the “transaction” tab.
• Fill in the needful details like the tenure of the policy and the amount willing to be invested.
• Provide nominee details.
• Confirm all the details before proceeding further.
• A receipt will be generated that can be downloaded instantly.

2. HDFC Bank Mobile Application

To open an FD account via the mobile application of HDFC, the following steps need to be followed:

• Download the HDFC bank application on your mobile (can be either ios or android).
• Sign in the app by generating new credentials.
• After signing in, head to the main menu and select the deposit option.
• Under the “Deposits” option, choose the “Open Fixed Deposit” tab.
• Fill in all the required details and upload the required documents.
• A receipt will be generated after successfully providing all the details, which can be downloaded immediately.

3. An HDFC FD Account Offline

In the offline method of opening an HDFC Fixed Deposit Account, the investor needs to visit the nearest HDFC branch and fill out forms to open their respective FD account. All the relevant documents need to be submitted to the branch manager along with the deposit amount. After successful verification of all the provided documents, the branch manager provides a receipt that is the account opening proof for the investor.