HDFC FD interest rates are high and by opening an FD account with this bank you can earn higher returns. HDFC is one of the renowned private banks in India and offers the best FD rates to its customers. The bank offers a myriad of Fixed Deposit (FD) options for senior citizens, individuals, and even NRIs.
|HDFC FD Rates in India|
|Tenure||General Public FD Rates||Senior Citizen FD Rates|
|7 days to 14 days||2.75%||3.25%|
|15 days to 29 days||3.00%||3.50%|
|30 days to 45 days||3.25%||3.75%|
|46 days to 90 days||4.00%||4.50%|
|91 days to 6 months||4.10%||4.60%|
|6 months 1 day to 9 months||4.50%||5.00%|
|9 months 1 day to 1 year||4.75%||5.25%|
|1 year 1 day to 2 years||5.25%||5.75%|
|2 years 1 day to 3 years||5.35%||5.85%|
|3 years 1 day to 5 years||5.50%||6.00%|
|5 years 1 day to 10 years||5.50%||6.00%|
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.
HDFC bank offers easy investment options with decent returns and at negligible risk. The quick and fast net banking enables even the 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-
HDFC bank offers multiple Fixed Deposit options wherein you can invest your surplus money for a fixed period. The HDFC Bank FD interest rates are also decent so you get good returns. The depositors are needed to deposit only once while opening the account with the bank and the money is secured for a fixed chosen tenure. You cannot deposit in between the tenure and no funds can be withdrawn. The interest rate for FDs lesser than Rs. 2 crores are mentioned in the below table:
|Tenure||Less than 2 Crore Rupees|
|Annual FD Interest Rate ( in % )||Annual Senior Citizen FD Interest Rates (in %)|
|Between 7 & 14 days||3.50%||4.00%|
|Between 15 & 29 days||4.00%||4.50%|
|Between 30 & 45 days||4.75%||5.25%|
|Between 46 & 60 days||5.25%||5.75%|
|Between 61 & 90 days||5.25%||5.75%|
|Between 91 days & 6 months.||5.25%||5.75%|
|Between 6 months. 1 day & 6 months. 3 days||5.65%||6.15%|
|Between 6 months. 5 days & 9 months.||5.90%||6.40%|
|Between 1 Yr. 1day-2 Yr.||6.15%||6.65%|
|Between 1 yr. 1 day & 1 yr. 3 days||6.25%||6.75%|
|Between 1 yr. 5 days & 1 Yr. 15 Days||6.15%||6.65%|
|Between 5 Yrs. 1 Day & 8 Yrs.||6.15%||6.65%|
*These domestic /NRO /NRE FD interest rates are as applicable on/from March 18th, 2020
The HDFC Bank Fixed Deposit interest rates are decent and if multiplying your savings is your aim, then you should opt for this bank’s fixed deposit. The bank offers easy investment through internet banking or phone banking with traditional offline mode. The interest rates offered by HDFC bank for Rs.2 Crore to Rs.5 Crore are mentioned in the below table:
|Tenure||From Rs. 2 Crore to Rs. 5 Crores|
|Annual FD Interest Rate ( in % )||Annual Senior Citizen Rates (in %)|
|Between 7 & 14 days||4.00%||4.50%|
|Between 15 & 29 days||4.00%||4.50%|
|Between 30 & 45 days||4.50%||5.00%|
|Between 46 & 60 days||4.75%||5.25%|
|Between 61 & 90 days||4.75%||5.25%|
|Between 91 days & 6 months.||5.00%||5.50%|
|Between 6 months. 1 day & 6 months. 3 days||5.50%||6.00%|
|Between 9 months. 1 day & 9 months. 3 days||5.50%||6.00%|
|Between 2 yrs. 17 days & 3 yrs.||5.50%||6.00%|
|Between 3 yrs. 1day & 5 yrs.||5.50%||6.00%|
|Between 5 yrs. 1 day & 8 yrs.||5.50%||6.00%|
|Between 8 yrs. 1 day & 10 yrs.||5.50%||6.00%|
FD with a lock-in period of >=5 years are considered as long-term FDs-
FD with a lock-in period of 1 to 5 years are considered as medium-term FDs-
FD with a tenure ranging from 7 days to 9 months 17 days are considered as short-term FDs-
HDFC Bank offers an additional interest rate of 0.5% to senior citizens investing in HDFC FD accounts. To get the best HDFC senior citizen FD rates, it is suggested to invest at least five years and one day. A senior citizen can also get a loan against his/her FD which is not provided in the normal tax saver FD scheme of HDFC having a lock-in period of five years.
If you want to know the exact interest rate that is applicable for HDFC Bank FDs then you should use the HDFC Bank FD Calculator.
HDFC Bank FD calculator will help you in finding out how much you earn through an FD. It will also help you in choosing the investment amount and the tenure of investment.
Furthermore, you can know that total interest earned and the maturity value of your FD with the help of an online HDFC FD interest calculator.
To know the maturity amount, simply enter the type of FD, the rate of interest, tenure, and the principal amount.
HDFC NRI FD Interest Rates - You are eligible to buy an HDFC NRE FD scheme if you are a non-resident individual of Indian origin or Indian nationality. It is a great option to park your savings in India and earn interest in your home country.
HDFC Bank offers competitive interest rates on NRI FD accounts such as NRO, NRE, and FCNR savings.
There are various advantages of buying these FDs such as overdraft facility, higher interest rate, and tax deductions. There are flexible tenure options such as short-term, medium-term, and long-term FDs.
|Savings Bank balance (in Rs.)||Interest Rate (in %)|
|50 lacs & above||4|
|< 50 lacs.||3.50|
If you want to deposit money in your HDFC NRE Fixed Deposit Account, you can-
HDFC will give you the loan against HDFC Bank Fixed Deposits only.
If you do not want to put all your savings in one deposit, then it is advisable that to put your money in multiple Fixed Deposits. It also offers you tax saving benefits apart from the interesting returns. Financial planners suggest putting your money in multiple FDs for a time horizon of one year to reap maximum benefits.
For senior citizens, age proof is also required and you can submit any of the below-mentioned documents as your age-proof-
Synopsis: The new scheme for senior citizens launched by HDFC bank is termed as ‘Senior Citizen Care FD’. It is applicable for new deposits made for FD and FD renewals applied by the senior citizens between 18th May 2020 to 30 September 2020. After the launch of the Fixed Deposit scheme for senior citizens by the State Bank of India, it is HDFC Bank that has launched a senior citizen FD scheme with the name of ‘Senior Citizen Care FD’.
As per the website of HDFC Bank, it is going to offer an extra 75 basis points (bps) for deposits of more than five years having an investment of up to Rs. Five Crore. The people who want to invest in this scheme should invest between 18th May 2020 to 30th September 2020.
The website of the bank also says that the senior citizens will be getting an extra premium of .25%, which will be above .50% of the current premium. Therefore, for now, the deposits that are less than Rs. Two Crore with tenure of five years and one day up to ten years, the rate of interest for non-senior citizens will be 5.75% and for the senior citizens, it will be 6.5% per annum.
The key points to be noted here are:
With this, the HDFC bank has as well revised the interest rates of Fixed Deposits starting from 18th May 2020. As per this website, the Fixed Deposits of different tenures will now get interest rates within the range of 3% to 5.75% per annum, and the senior citizens will get 3.5% to 6.5%.