HDFC bank offers Fixed Deposits starting from 2.5% to 5.5% for general public and 3.25% – 6.25% for senior citizens with tenure starting from 7 days to 10 years. Senior citizens are offered an additional interest rate of 0.50% p.a. with a tenure of 7 days to 5 years. And for a tenure of more than 5 years and up to 10 years, senior citizens will get an additional rate of 0.75% p.a.
Features and Benefits of HDFC Fixed Deposits
- Fixed Deposits give you guaranteed returns.
- You can easily open a FD account if you already have a savings account in HDFC bank.
- If you choose a FD with a reinvestment option, you can get the benefits of compound interest.
- You can get a regular income when you choose for monthly or quarterly interest pay-outs.
- You can save tax by choosing the five year tax saving FD and get benefits from the exemptions under Section 80c.
Also Read: Why Did HDFC Ltd And HDFC Bank Merge?
Eligibility Criteria to Open a Fixed Deposit with HDFC
- Residents
- Hindu undivided families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
Documents Required to Open an HDFC Fixed Deposit
- Aadhaar card
- Voter ID
- PAN card
- Driving Licence
- Ration card with photo
- Any government-issued ID card
- Passport
Types of HDFC Fixed Deposits and Their Features
-
Regular Fixed Deposits
- You can open a FD account using NetBanking
- Tenure starts from 7 days to 10 years.
- Senior citizens will get a higher rate of interest.
-
HDFC Bank SureCover FD
- Minimum deposit amount is Rs.2 lakh
- Maximum deposit amount is Rs.10 lakh
- The tenure starts from 1 year to 10 years
- You can choose monthly or quarterly payout of interest
-
Five Year Tax Saving Fixed Deposit
- The deposit amount ranges from Rs.100 to Rs.1.5 lakh
- The lock-in period is 5 years.
- You can get tax benefits if you have joint deposits under Section 80c to the first holder.
- TDS will be deducted when the interest exceeds Rs.40,000 (Rs.50,000 for senior citizens) in a financial year.
-
FCNR Deposits
- Open a FD account in any of these foreign currencies – US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars
- Get tax benefits on the deposit amount
- Open joint deposit with NRIs
-
Overdraft Against Fixed Deposits
- You can avail up to 90% of overdraft on your hdfc fixed deposit.
- You can get overdraft against your FD or Super Saver facility on deposit held in single name using NetBanking
-
Non-withdrawable Deposits
- Premature/partial withdrawal of the FD cannot be done
- You can choose for quarterly or monthly interest payouts
HDFC Bank Domestic FD Interest Rates Below Rs.2 crore – For General Public
| Period | General Public Rates (p.a.) |
| 7 days – 14 days | 2.50% |
| 15 days – 29 days | 2.50% |
| 30 days – 45 days | 3.00% |
| 46 days – 60 days | 3.00% |
| 61 days – 90 days | 3.00% |
| 91 days – 6 months | 3.50% |
| 6 months 1 day – 9 months | 4.40% |
| 9 months 1 day – less than 1 year | 4.50% |
| 1 year | 5.10% |
| 1 year 1 day – 2 years | 5.10% |
| 2 years 1 day – 3 years | 5.40% |
| 3 years 1 day – 5 years | 5.60% |
| 5 years 1 day – 10 years | 5.75% |
HDFC Bank Domestic FD Interest Rates Below Rs.2 Crore – For Senior Citizens
| Period | Senior Citizens Rates (p.a.) |
| 7 days – 14 days | 3.00% |
| 15 days – 29 days | 3.00% |
| 30 days – 45 days | 3.50% |
| 46 days – 60 days | 3.50% |
| 61 days – 90 days | 3.50% |
| 91 days – 6 months | 4.00% |
| 6 months 1 day – 9 months | 4.90% |
| 9 months 1 day – less than 1 year | 5.00% |
| 1 year | 5.60% |
| 1 year 1 day – 2 years | 5.60% |
| 2 years 1 day – 3 years | 5.90% |
| 3 years 1 day – 5 years | 6.10% |
| 5 years 1 day – 10 years | 6.50% |
Also Read: A Useful Guide To Receive HDFC Bank Personal Loan Fast
HDFC Bank Domestic FD Interest Rates – More Than Rs.2 Crore And Less Than Rs.5 Crore – For General Public
| Period | General Public Rates (p.a.) |
| 7 days – 14 days | 2.75% |
| 15 days – 29 days | 2.75% |
| 30 days – 45 days | 3.00% |
| 46 days – 60 days | 3.00% |
| 61 days – 90 days | 3.25% |
| 91 days – 6 months | 4.25% |
| 6 months 1 day – 9 months | 4.50% |
| 9 months 1 day – less than 1 year | 4.70% |
| 1 year – less than 15 months | 4.95% |
| 15 months – less than 18 months | 4.95% |
| 18 months – less than 21 months | 4.95% |
| 21 months – 2 years | 4.95% |
| 2 years 1 day – 3 years | 5.10% |
| 3 years 1 day – 5 years | 5.10% |
| 5 years 1 day – 10 years | 5.15% |
*New rates can change from time to time.
HDFC Bank Domestic FD Interest Rates – More Than Rs.2 crore and Less Than Rs.5 Crore – For Senior Citizens
| Period | Senior Citizens Rates (p.a.) |
| 7 days – 14 days | 3.25% |
| 15 days – 29 days | 3.25% |
| 30 days – 45 days | 3.50% |
| 46 days – 60 days | 3.50% |
| 61 days – 90 days | 3.75% |
| 91 days – 6 months | 4.75% |
| 6 months 1 day – 9 months | 5.00% |
| 9 months 1 day – less than 1 year | 5.20% |
| 1 year – less than 15 months | 5.45% |
| 15 months – less than 18 months | 5.45% |
| 18 months – less than 21 months | 5.45% |
| 21 months – 2 years | 5.45% |
| 2 years 1 day – 3 years | 5.60% |
| 3 years 1 day – 5 years | 5.60% |
| 5 years 1 day – 10 years | 5.90% |
*New rates can change from time to time.
Also Read: Are Mutual Fund Investments Risky? Top 10 Stocks Exits Mutual Funds Recently
Final Note
The FD interest that you earn depends on various factors, including the amount, rate of interest, tenure, frequency of interest calculation, and taxation. To calculate the FD interest, all you have to do is visit online HDFC Fixed Deposit calculator to know the amount you can earn after maturity. By this way, you can take informed decisions before applying for FD in HDFC bank.
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