HDFC Bank 444 Days FD Scheme

What is HDFC Bank 444 Days FD Scheme 2025 ?

HDFC Bank 444 Days FD Scheme 2025 is a fixed deposit plan that allows investors to place funds for a tenure of 444 days at a distinct interest rate compared to standard deposits. The tenure in years will be approximately 1 year and 2 months, and the deposit can be opened online or in a branch. 

The minimum deposit amount for the scheme is ₹5,000, making it accessible to a wide range of investors. Senior citizens receive an additional 0.50% interest rate over the general rate. The scheme is part of HDFC Bank’s limited-tenure offerings that provide specific rate benefits under the prevailing HDFC Bank FD interest rates.

Key Features of HDFC Bank 444 Days FD scheme

The HDFC Bank 444 days FD Scheme comes with distinct features that offer flexibility and convenience to depositors. Below are the key features of these deposits: 

• Fixed Tenure Options: The scheme is available for 444 days, allowing depositors to choose tenures that match their financial plans.
• Higher Interest Rates: The scheme offers higher HDFC Bank FD rates for 444 days compared to regular fixed deposits, providing better returns for selected durations.
• Premature Withdrawal Facility: Depositors can opt for HDFC Bank FD premature withdrawal if required. In such cases, interest is paid at the applicable rate for the actual period held, with a deduction of up to 1% on the rate.
• Multiple Payout Modes: Customers can select between cumulative and non-cumulative interest payout options depending on their preference for periodic or maturity-based payments.

HDFC Bank 444 Days FD Rates

The HDFC Bank FD interest rates for the special 444-day tenure are: 

*HDFC Bank 444 Days FD Rates w.e.f. 25 June 2025

Eligibility Criteria For HDFC Bank 444 Days FD Scheme

HDFC Bank permits many customers to open and maintain an HDFC Bank 444 days FD scheme. The eligible categories include:

• Resident Individuals: Adults and minors under guardianship can open fixed deposit accounts.
• Senior Citizens: Customers aged 60 years and above are eligible for additional interest benefits.
• Hindu Undivided Families (HUFs): HUFs can invest under the name of the Karta as per bank guidelines.
• Firms and Companies: Sole proprietorships, partnership firms, and private or public limited companies are eligible to invest.
• Trusts, Societies, and Associations: Registered organisations can open fixed deposits in line with bank regulations.
• Non-Resident Indians (NRIs): Can place deposits under HDFC Bank’s NRE or NRO account facility.

Documents Required for HDFC Bank 444 days FD Scheme

To open an HDFC Bank 444 days FD scheme, customers must submit standard KYC and identification documents for verification. The list of necessary documents is given below:

• Proof of Identity: Accepted documents include Aadhaar Card, PAN Card, Passport, or Voter ID.
• Proof of Address: Customers can provide Aadhaar, Passport, a recent utility bill, or a latest bank statement showing their current address.
• Photograph: A recent passport-size photograph is required for offline applications.
• PAN Card: Mandatory for all customers for TDS deduction and tax compliance purposes.
• Linked Bank Account: Necessary to facilitate interest payouts and credit of maturity proceeds.
• KYC Verification: Can be completed digitally through e-KYC for online deposits or by submitting physical documents for offline applications.

How to Apply for HDFC Bank 444 Days FD Scheme?

Investors can open an HDFC Bank 444 days FD Scheme conveniently online and offline. The process is simple and can be completed in a few steps.

Online Application Process

Follow the steps below to apply online for an HDFC Bank 444 days FD Scheme through NetBanking or the Mobile Banking App:

• Log In to NetBanking or Mobile App: Access your HDFC Bank account using valid login credentials.
• Navigate to the Deposits Section: Go to the “Deposits” tab and select “Open New Fixed Deposit.”
• Choose Deposit Type: Select the specific FD scheme option you want to book.
• Enter Deposit Details: Provide the deposit amount, tenure, and interest payout preference.
• Review and Confirm Details: Verify the tenure, investment amount, and applicable HDFC Bank FD interest rate before proceeding.
• Complete the Transaction: The amount will be debited from your linked account, and the FD advice will be generated instantly.

Offline Application Process

Customers preferring to visit a branch can apply for an HDFC Bank 444 days FD scheme using the following process:

• Visit the Nearest Branch: Go to any HDFC Bank branch and request the Fixed Deposit application form.
• Fill out the Application Form: Enter details such as deposit amount, tenure, nominee, and interest payout option.
• Submit KYC Documents: Provide PAN, Aadhaar, address proof, and a passport-size photograph for verification.
• Deposit the Amount: Pay the deposit amount through cheque, cash, or account transfer as per bank guidelines.
• Select Renewal Preference: Choose whether you want the deposit to renew automatically or close on maturity.
• Receive FD Acknowledgement: Collect the FD receipt or advice slip containing details of your fixed deposit once processing is complete.

HDFC Bank 444 Days FD Interest Calculation Example

Suppose a customer invests ₹3,00,000 in HDFC Bank 444 Days FD Scheme at an interest rate of 6.25% p.a. for general citizens. The estimated returns can be calculated as follows:

Simple Interest Calculation (General Citizen, 6.25%):

SI = (3,00,000 × 6.25 × 1.22) / 100SI = ₹22,875

Maturity Amount = ₹3,00,000 + ₹22,875 = ₹3,22,875

Compound Interest Calculation (Quarterly Compounding, 6.25%):

A = 3,00,000 × (1 + 0.0625 / 4)^(4 × 1.22)A ≈ ₹3,24,089.04

Compound Interest = ₹3,24,089.04 – ₹3,00,000 = ₹24,089.04

Tax Implications of HDFC Bank FD Returns

Interest earned on the HDFC Bank 444 Days FD Scheme is taxable under “Income from Other Sources” and must be included in the depositor’s total income for the financial year. From April 1, 2025, the TDS exemption limit is ₹50,000 per year for general customers and ₹1,00,000 for senior citizens. If the total interest earned exceeds these limits, HDFC Bank deducts TDS (Tax Deducted at Source) at 10%, or 20% if the PAN is not provided. Depositors whose income is below the taxable limit can submit Form 15G or Form 15H to avoid TDS deduction.

Key Takeaways

The HDFC Bank 444 Days FD Scheme is offered for a specific tenure with distinct rate benefits and flexible interest payout options. It can be opened online via HDFC NetBanking or Mobile Banking, or offline at any HDFC Bank branch. The minimum deposit amount is ₹5,000, making it convenient for many investors. Under this scheme, the interest rate is 6.25% for general customers and 6.75% for senior citizens. Depositors can easily access and manage their fixed deposit details through the bank’s digital channels or branch services.