HDFC Bank FD Interest Rates 2026

HDFC Bank FD Interest Rates

The highest HDFC Bank fixed deposit interest rates for general and senior citizens are up to 6.50% p.a. and 7.00% p.a., respectively. HDFC Senior Citizens FD rates are 0.50% higher than the general slab rates. HDFC Tax-Saver FD keeps your money secure with a 5-year lock-in period and rates of up to 6.40% for general and 6.90% for senior citizens. You can start your deposit with a minimum of Rs. 5,000 for regular and Tax-saver FDs.

The tenure for your investment ranges from 7 days to 10 years, and HDFC premature withdrawal FDs or sweep-ins usually incur a 1% penalty on interest. You can book an HDFC Bank FD online or by visiting your local branch with minimal documentation. Your investment is further secured by DICGC insurance coverage of up to ₹5 Lakhs.

Key Highlights: HDFC Bank Fixed Deposits

HDFC Bank FD Rates 2026

Below are the tables containing the current HDFC FD rates for amounts below 3 crore and above 3 crore for general and senior citizens:

Revised rates below ₹3 crore

*HDFC Bank FD interest rates w.e.f. March 06, 2026

Revised rates above ₹3 crore to ₹5 Crore

*HDFC Bank FD interest rates w.e.f. March 07, 2026

HDFC Tax Saving FD Interest Rates (5-Year Lock-In)

HDFC Bank 5-Year Tax-Saving Fixed Deposit offers an interest rate of up to 6.40% p.a. for the general public and 6.90% for senior citizens. It comes under Section 80C of the Income Tax Act, which allows you to save taxes and benefits with a minimum investment of ₹100 to ₹1.5 lakh. The tax-saver FD offers monthly or quarterly interest payouts. TDS is deducted if the total interest earned on your HDFC FDs across all bank branches exceeds ₹50,000 per financial year (or ₹1,00,000 for senior citizens).

HDFC Bank Special FD Schemes & Interest Rates

1. HDFC Special Edition FD Rates (33-Month & 55-Month Tenures)

   In May 2023, HDFC launched special edition FD rates for 33-month and 55-month tenures. It offers customers higher returns over longer investment periods. It is designed for amounts below 2 crore. The 33-month term is 2 Years 11 Months, providing 6.45% for general and 6.95% for senior citizens, and the 55-month term is 4 Years 7 Months, providing 6.40% for general and 6.90% for senior citizens.

2. HDFC NRE Fixed Deposit Interest Rates

   HDFC Bank NRE Fixed Deposit rates range from 6.25% to 6.60% for tenures of 1 year to 10 years. It is a safe investment option that also offers features such as partial withdrawals, an overdraft facility, a joint account facility, and tax exemptions for NRIs.

   HDFC NRE FD Interest Rates for deposits of less than Rs 3 crore

   Tenure	Interest Rates (p.a.)
   1 year to less than 15 months	6.25%
   15 months to less than 18 months	6.35%
   18 months to less than 21 months	6.45%
   21 months to 2 years	6.45%
   2 years 1 day to less than 2 years 11 months	6.45%
   2 years 11 months (35 months)	6.45%
   2 years 11 months 1 day to 3 years	6.45%
   3 years 1 day to less than 4 years 7 months	6.50%
   4 years 7 months (55 months)	6.40%
   4 years 7 months 1 day to 5 years	6.40%
   5 years 1 day to 10 years	6.15%

   *HDFC NRE FD Rates w.e.f. 6 March 2026

3. HDFC NRO Fixed Deposit Interest Rates

   HDFC NRO FD rates are up to 6.50% p.a. for general and 7.00% p.a. for senior citizens. You can effortlessly fund your new HDFC NRO account by transferring money from your existing NRE or NRO accounts held with other Indian banks.

4. HDFC RFC Fixed Deposit Rates (For Returning NRIs)

   The Resident Foreign Currency (RFC) FD is a special product of HDFC Bank for NRIs who have returned to India and are now permanently settled. The applicable RFC rates are determined based on the date the bank receives the funds and the chosen currency. If you qualify as a "Resident but Not Ordinarily Resident" (RNOR), the interest earned on these deposits is tax-exempt in India.

   Key Highlights: HDFC Bank Special FD Schemes

   Special Schemes	Details
   HDFC Special Edition FD	33-Month Tenure: 6.45% for general citizens and 6.95% for senior citizens. 55-Month Tenure: 6.40% for general citizens and 6.90% for senior citizens.
   HDFC NRE Fixed Deposit	Interest earned on NRE deposits is completely exempt from income tax in India. Both your principal and interest can be transferred abroad at any time, free of any restrictions.
   HDFC NRO Fixed Deposit	Designed for NRIs to save and grow earnings generated within India (e.g., rent, dividends, pension). Interest can be repatriated abroad after applicable taxes are paid.
   HDFC RFC Fixed Deposit	Keep your savings in major foreign currencies (USD, GBP, EUR) to hedge against exchange rate fluctuations. Interest is often tax-exempt if you qualify for "Resident but Not Ordinarily Resident" status.

HDFC Bank FD Calculator

The HDFC FD Calculator is designed to help investors quickly estimate the maturity value of their fixed deposit and total interest earnings before making an investment decision. By entering key details such as the investment amount, tenure, and interest rate, the HDFC FD calculator provides instant clarity on expected returns.

How to Use the HDFC FD Calculator

Using the policybazaar FD calculator for HDFC Bank is quick and intuitive:

Step 1: Open the HDFC FD calculator and enter the investment amount.

Step 2: Input the applicable annual rate of interest.

Step 3: Select the investment tenure in years.

Simple Interest vs Compound Interest — Which One Does HDFC Apply?

Simple Interest means the bank pays you interest only on your original deposit. For FDs up to 6 months, HDFC Bank uses simple interest. Once the fixed deposit crosses 6 months or more, HDFC Bank applies Compound Interest, compounded quarterly:

A = P × (1 + r/4)^(4 × t)

Where

P = principal,

r = annual rate, and

t = tenure in years.

The "4" reflects quarterly compounding; interest is calculated every 3 months and added back to the principal. If you pick a monthly or quarterly payout, the interest is paid out regularly, and the principal stays flat, so there's no compounding. But if you choose the cumulative option, the interest earned every quarter gets added back to your principal, and the next quarter's interest is calculated on that higher amount. This cycle repeats till maturity.

HDFC Bank FD Rates vs Other Banks — Comparison May 2026

*Fixed deposit interest rates by various banks as of April, 2026

How to Open an HDFC Bank Fixed Deposit

Follow the steps on how to open an HDFC bank fixed Deposit online and offline:

Booking an HDFC FD via NetBanking

You can easily open an HDFC Bank FD online through NetBanking or the HDFC Mobile Banking app, without visiting a branch.

• NetBanking or HDFC Mobile App - Log in using your Customer ID and password, or open the HDFC Bank mobile app.
• Go to 'Open Fixed Deposit' - Navigate to the 'Accounts' section and select 'Open Fixed Deposit'.
• Enter Deposit Details - Choose the source account, enter the deposit amount (minimum ₹5,000), and select the FD tenure.
• Choose FD Type - Select between cumulative and non-cumulative options (interest at maturity or periodic payouts).
• Review & Submit - Verify all details, accept the terms and conditions, and confirm the booking.
• Download FD Advice - An e-advice (FD receipt) is generated instantly and can be viewed or downloaded.

HDFC Offline FD Account Opening

Prefer the traditional method? You can open an FD by visiting any HDFC Bank branch.

• Visit HDFC Bank Branch: Go to the nearest branch with your PAN, Aadhaar, and a cheque or cash for funding.
• Fill FD Application Form: Ask for and complete the HDFC Fixed Deposit form at the branch.
• Submit KYC Documents: New customers must provide PAN, Aadhaar, and recent passport-sized photos for KYC.
• Deposit the Funds: Pay the FD amount (minimum ₹5,000) via cheque, cash, or account transfer.
• Select Tenure & Interest Options: Choose the tenure (7 days to 10 years), and select payout frequency.
• Get FD Receipt: The bank will issue a Term Deposit Advice as proof of your FD booking.

Documents Required to Open an HDFC Bank FD

This is the list of documents required for opening an HDFC Bank fixed deposit. The documents are based on the deposit type and category:

• Recent photograph
• KYC documents

Individual and Company proofs:

• PAN card
• Aadhaar Card
• Passport
• Driving Licence
• Voter's ID

Partnership proofs:

• Incorporating certificate
• Authorised signatories ID proofs
• Partnership Deed
• Authorised signatories' signatures

Hindu Undivided Family:

• Self-attested PAN card
• HUF declaration deed
• HUF's Bank Statement

HDFC Bank FD Premature Withdrawal Rules & Penalties

1. Withdrawal Before Maturity

   HDFC Premature withdrawal FD allows you to withdraw your FD funds (partially or fully) at any time before the maturity date through NetBanking, MobileBanking, or your nearest branch. The deposit will earn interest only for the number of days it was active, at the applicable rate for that duration.

2. Penalty Charges

   HDFC Bank typically charges a penalty of 1% on the interest rate applicable for the period the deposit remained with the bank. This is deducted from the interest you would have otherwise earned, meaning your net yield will be slightly lower than the originally promised rate.

3. Exceptions

   If your deposit has been with the bank for a minimum period (e.g., 6 months or more), the penalty may be reduced or waived. Penalties are waived if the primary depositors have met with an unforeseen circumstance.

   Partial Withdrawal Rules

   • You can withdraw a portion of your FD while keeping the remaining amount invested, so it continues earning interest.
   • A penalty (usually 1%) is charged only on the amount withdrawn prematurely, not on the remaining balance.
   • The remaining FD balance must typically meet the bank's minimum deposit requirement to remain active.
   • You can easily initiate a partial withdrawal through HDFC NetBanking or MobileBanking without visiting a branch.

HDFC Bank FD for Senior Citizens: Rates, Benefits & Rules

HDFC Bank Senior Citizens FD rates start from 3.25% to 6.95%, depending on the deposit amount and chosen tenure. Senior citizens are given an additional 0.50% interest over regular FD rates. The tenure ranges from 7 days to 10 years. Only senior citizens or retired personnel (60 years and above) who are Indian residents are eligible.

Best HDFC FD Tenures for Senior Citizens above 3 years

Senior citizen depositors receive the maximum benefit of the interest rate at the 3 Years 1 day to < 4 Years 7 Months slab of up to 7.00% p.a.

TDS Rules & How to Submit Form 15H as a Senior Citizen

Interest earned is added to your total income and taxed. From April 1, 2025, TDS applies only if the total interest for the year exceeds ₹1 lakh (for senior citizens). Under Section 80TTB, senior citizens can claim a deduction of up to ₹50,000 on interest earned and can avoid TDS on their interest income by submitting Form 15H.

Note: Form 15H is valid only for the financial year in which it is submitted. If you book a new FD later in the same year, you may need to file a fresh declaration for that specific deposit.

Taxation on HDFC FD Interest Income

HDFC FD Interest is treated as "Income from Other Sources" and is taxed according to your applicable income tax slab. The bank deducts TDS at 10% (or 20% if your PAN is missing) if your annual interest exceeds ₹50,000 for regular citizens or ₹1,00,000 for senior citizens.

To avoid TDS deduction, you can submit Form 15G or Form 15H via NetBanking at the start of each financial year, provided your total estimated income remains below the taxable limit. Remember, ensuring that your PAN is linked to your Aadhaar is mandatory for the declaration to be valid.

Key Features & Benefits of HDFC Bank Fixed Deposit

Some of the major benefits you can enjoy from an HDFC Bank fixed deposit are listed below:

1. Premature Withdrawal Facility:

   HDFC Bank FDs allow you to withdraw your funds before maturity, providing liquidity. Note that HDFC FD premature withdrawal will be subject to a penalty.

2. SureCover Fixed Deposit

   HDFC Bank SureCover FD is a unique hybrid that combines high-yield savings with a term life insurance cover equal to your FD principal, securing your family's future at no extra effort.

3. Flexible Interest Payment

   You can design your interest payouts to suit your financial needs. You can choose periodic payments (monthly/quarterly) to manage expenses or opt for the reinvestment option to benefit from compounding returns.

4. Earn Compound Interest

   The depositor can earn compound interest by reinvesting the principal along with the interest earned on the FD. HDFC Bank usually applies compound interest to deposits with a tenure of 3 months or more if the reinvestment/cumulative option is chosen.

5. HDFC Bank Auto Sweep Facility

   The excess funds are automatically moved to an FD (HDFC Sweep-Out FD), and the necessary amount is automatically transferred back from the FD when your HDFC savings account balance is low (Sweep-In), ensuring your payments never fail.

6. Loan or Overdraft Against HDFC FD

   In case of urgent cash need, you don't need to break your FD and lose interest. HDFC Loan against FD or Overdraft facility can help you with this. This Super Saver facility is available to resident individuals, HUFs, and companies, with interest charged at 2% p.a. over the applicable FD rate.

7. HDFC Credit Card Against FD

   HDFC Credit Card against FD is a smart choice when you are a first-time credit card user or do not have any income proof. The credit card offers a limit of up to 90% of the deposit amount, instant approval, hassle-free transactions, and is ideal for first-time users looking to build a strong CIBIL Score.

Is HDFC Bank FD a Good Investment in 2026?

Yes, HDFC Bank Fixed Deposits offer guaranteed returns, with the highest rate on the 3-year to 4-year slab, up to 6.50% for general depositors and 7.00% for senior depositors. These deposits are used for various financial goals, including short-term savings and long-term capital preservation. Investors can compare HDFC Bank FD rates with the market's current fixed deposit rates offered by other banks to make an informed choice based on their needs.