HDFC Bank FD Interest Rates

HDFC Bank provides Fixed Deposit accounts and a plethora of other schemes and plans for their customers. In the HDFC FD account, the investor can park their surplus savings and earn high interest on the deposited amount. The bank offers a myriad of Fixed Deposit (FD) options for Individuals, Senior Citizens, and NRIs.

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FEATURES
icici-bank
sbi-bank
hdfc-bank
hdfc-life
Returns (Max Tenure)
5.75%
5.5%
5.75%
Highest Return6.52%
Life Cover
No
No
No
10 Lakhs*
Tax Saving
No
No
No
₹46,800*

Yearly

* Assuming investment of ₹ 1 Lakh per year & income tax slab of 30%
HDFC Bank FD Rates
Tenure REGULAR RATES
Current Rates
SENIOR CITIZEN
7 days to 14 days 2.50% 3.00%
15 days to 29 days 2.50% 3.00%
30 days to 45 days 3.00% 3.50%
46 days to 60 days 3.00% 3.50%
61 days to 90 days 3.00% 3.50%
91 days to 6 months 3.50% 4.00%
6 months 1 day to 9 months 4.40% 4.90%
9 months 1 day to < 1 year 4.50% 5.00%
1 year 5.10% 5.60%
1 year 1 day to 2 years 5.10% 5.60%
2 year 1 day to 3 years 5.40% 5.90%
3 years 1 day to 5 years 5.60% 6.10%
5 years 1 day to 10 years 5.75% 6.50%

FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.

5 Yrs FD rate - Historical trend
HDFC Life Fixed Return Plans

For investors looking for a fixed return investment option, HDFC offers Guaranteed return plans as well which can be considered as an alternative to FD. These plans offer higher returns and come with an additional benefit of life cover for ensuring financial security for the investors family.

You Give

₹10 Lac

in 10 Years

You Get

1.81 Times

₹18.1 Lac

in 15th Year

You Give

₹10 Lac

in 10 Years

You Get

3.89 Times

₹38.9 Lac

₹7.95 K/ month for 30 Years
Note : You give Rs 1L per yr for 10 Yrs
fd return beater
FD Calculator

Total Investment

₹500 ₹10L
Enter Total Investment

Rate of Interest (Yearly)

1% 10%
Rate of Interest (Yearly)

Time Period

1 Year 10 Years
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Total Investment
Interest Earned
Maturity Amount
Compare FD Interest Rates of Top Financial Institutions
BANKS GENERAL CITIZENS SENIOR CITIZEN
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
SBI FD Rates 5.30% - 5.40% 5.80% - 6.20%
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Yes Bank FD Rates 3.25% - 6.25% 3.75% - 7.25%
Canara Bank FD Rates 2.90% - 5.40% 2.90% - 5.90%
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%
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%
IDFC Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
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%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
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About HDFC Bank FD

The Fixed Deposit scheme of HDFC Bank gives you the flexibility to keep a part of your salary aside for achieving your goals and enjoy rates on par with Bank's FDs.
HDFC also provides tax-saving deposits and other FD options, which come with an online banking facility, seep-in facility, and loan facility. You can also make huge profits with a five-year tax-saving fixed deposit scheme.
Moreover, you can save tax on your earnings from the Fixed Deposit, and the limit is up to INR 1.5 lacs per annum as per section 80C. You can easily open an HDFC fixed deposit account online by logging in to your HDFC internet banking account.

  • Types of HDFC Fixed Deposit Schemes

    • Dream Deposits
    • Regular Fixed Deposits
    • 5 - Year Tax Saving Fixed Deposit
    • HDFC NRI Fixed Deposit
    • Overdraft Against Fixed Deposits

    The detailed description of these fixed deposit schemes is as follows:

    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.
  • Features of HDFC Bank FD Account

    HDFC bank offers easy investment options with decent returns and at negligible risk. The quick and fast net banking enables even senior citizens to open a Fixed Deposit account without any hassle. Along with this, there are various advantages of HDFC fixed deposit schemes. Some of them are listed below:

    • 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.
  • How to invest in the HDFC FD scheme

    An investor can opt for either of the following methods to invest in the HDFC FD Scheme:

    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.

  • Long against HDFC FD

    • HDFC offers an option to buy loans up to the tenure of the Fixed Deposit.
    • The bank provides loans up to 90 percent of its own Fixed Deposit.
    • The rate of interest on the loan that is applicable is between 8.3 percent and 8.4 percent.
    • HDFC will give you the loan against HDFC Bank Fixed Deposits only.
Frequently Asked Questions
What are the highest FD interest rates in HDFC Bank?
Are there any special rates for HDFC senior citizens FD?
What is the tenure range for HDFC Bank Fixed Deposit?
Is there any minimum amount that I have to give for opening a Fixed Deposit with HDFC Bank?
Who is eligible for opening an HDFC Fixed Deposit Account?
What documents are required to open an FD account in HDFC Bank?
Can I change the span of my current HDFC fixed deposit account?
What is the Eligibility Criteria to Investing in HDFC Bank FD Scheme?

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