HDFC Bank officially began its banking operations in 1994. One of the most important investment products offered by the bank is Fixed Deposit (FD). For deposits below Rs.1 crore, HDFC Bank offers interest rates between 3.50% p.a. to 7.25% p.a. The FD rates were last revised by HDFC Bank on 6 October 2018.
HDFC Bank FD rates: Deposits below Rs.1 crore
The following table indicates the interest rates* for given deposit limit:
Tenure
General Public FD interest rate (per annum)
Senior citizen FD interest rate (per annum)
7 days to 14 days
3.50
4.00
15 days to 29 days
4.25
4.75
30 days to 45 days
5.75
6.25
46 days to 180 days
6.25
6.75
181 days to 270 days
6.75
7.25
271 days to 1 year
7.00
7.50
1 year
7.25
7.75
1 year 1 day to 2 years
7.25
7.75
2 years 1 day to 5 years
7.10
7.60
5 years 1 day to 10 years
6.00
6.50
*The interest rate are subject to change as per the discretion of the bank. The given rates are valid as of 6 October 2018.
HDFC Bank Fd Rates For Deposit Limit: Rs.1 Crore And Above Up To Rs.5 Crore
The following table shows the FD rates* for the given deposit limit:
Tenure
General Public FD interest rate (per annum)
Senior citizen FD interest rate (per annum)
7 days to 29 days
4.25
4.75
30 days to 45 days
6.25
6.75
46 days to 3 months
6.50
7.00
3 months 1 day to 180 days
6.55
7.05
181 days to 270 days
7.00
7.50
271 days to 1 year
7.25
7.75
1 year
7.45
7.95
1 year 1 day to 2 years
7.45
7.95
2 years 1 day to 5 years
7.25
7.75
5 years 1 day to 10 years
7.00
7.50
*The interest rate are subject to change as per the discretion of the bank. The given rates are valid as of 6 October 2018.
HDFC Bank Fd Rates For Deposit Limit: Rs.5 Crore To Less Than Rs.5.25% (With Premature Withdrawal)
Tenure
General Public FD interest rate (per annum)
Senior citizen FD interest rate (per annum)
7 days to 29 days
4.25
N/A
30 days to 45 days
6.25
N/A
46 days to 3 months
6.50
N/A
3 months 1 day to 6 months
6.55
N/A
6 months to 9 months
7.00
N/A
9 months 1 day to 12 months
7.25
N/A
1 year
7.45
N/A
1 year 1 day to 2 years
7.45
N/A
2 years 1 day to 5 years
7.25
N/A
5 years 1 day to 10 years
7.00
N/A
*The interest rate are subject to change as per the discretion of the bank. The given rates are valid as of 6 October 2018.
HDFC Bank Fd Rates For Deposit Limit: Rs.5 Crore To Less Than Rs.5.25%(Without Premature Withdrawal)
Tenure
General Public FD interest rate (per annum)
Senior citizen FD interest rate (per annum)
3 months 1 day to 6 months
7.00
N/A
181 days to 270 days
7.30
N/A
271 days to 1 year
7.45
N/A
1 year
7.70
N/A
1 year 1 day to 2 years
7.70
N/A
2 years 1 day to 3 years
7.30
N/A
3 years 1 day to 5 years
7.25
N/A
5 years 1 day to 10 years
7.25
N/A
*The interest rate are subject to change as per the discretion of the bank. The given rates are valid as of 6 October 2018.
HDFC Bank Rates For Short-term Fd (Below Rs.1 Crore)
The tenure range for a short-term FD lies between 7 days to less than 1 year.
The FD rates range from 3.50% p.a. to 7.00% p.a.
The highest rate available for this term is 7.00% p.a. for a tenure between 91 days to less than 12 months.
HDFC Bank FD Rates
HDFC Bank Rates For Medium-term Fd (Below Rs.1 Crore)
A medium-term FD would range from above 1 year and 5 years.
The interest rates vary between 7.10% p.a. to 7.25% p.a.
The highest rate offered for this term is 7.25% for an FD within 1 year and 2 years.
HDFC Bank Rates For Long-term Fd (Below Rs.1 Crore)
A long-term FD has a tenure above 5 years.
The interest rate for a long-term FD is 6.00% p.a.
HDFC Bank Fd Rates For Senior Citizens
Senior Citizens are qualified to get an interest rate on FD which is 0.50% higher than the regular FD rates.
The highest rates available for different tenure periods are:
Short-term FD- 7.50% p.a.
Medium-term FD-7.75% p.a.
Long-term FD- 6.50% p.a.
HDFC Rates For 5 year Tax Saving FD
The 5 year Tax Saving FD enables one to get tax benefits as per Section 80C of the Income Tax Act 1961. This scheme comes with a 5 year lock-in period. The deposit limit is Rs.100 to Rs.1.5 lakh.
The following table shows the interest rates* applicable for Tax Saving FD:
Tenure
General Public FD interest rate (per annum)
Senior citizen FD interest rate (per annum)
5 years
7.25
7.75
*The interest rate are subject to change as per the discretion of the bank. The given rates are valid as of 11 October 2018.
Types Of Fd Schemes By HDFC
Regular FD scheme
Sweep-in FD
Overdraft FD
5-year Tax Saving FD
FD Calculator By HDFC
An FD calculator helps one estimate the amount of returns that one can get for an FD of a specific tenure.
One can check the value of returns based on:
The tenure period selected
The nature of FD i.e. 'Reinvestment', 'Quarterly Payout', 'Monthly Payout' and 'Short-term'.
Date of opening the FD account
Rate of interest
Amount of money that one wishes to deposit
FAQs On HDFC FD Schemes
How to open a HDFC Bank FD account?
One can apply for an FD account either by:
Visiting the nearest branch of HDFC Bank.
Netbanking
What are the FD rates for senior citizens?
Senior citizens, persons above 60 years of age, are qualified to get an additional interest rate of 0.50%.
Can I avail for tax exemptions on my FD interest?
If your net income does not come within the taxable limit, you can seek tax exemption by submitting Form 15G/15H to the bank.
Who is eligible to apply to open a HDFC Bank Regular FD?
The eligibility criteria for opening a Regular FD account is:
Residents of India
Member of Hindu Undivided Families (HUF)
Firms with sole proprietorship
Limited Companies and Trust Accounts
Will interest be deducted on 5-year Tax Saving FD?
Yes, interest on 5-year Tax Saving FD will be taxed under Tax Deducted at the Source (TDS) as per the Income Tax Act, 1961.
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HDFC Bank, which is the country’s largest private sector lender has revised its Fixed Deposit (FD) interest rates in select maturities on Tuesday. The FD interest rates were revised for both general and senior citizens of the country. The revision of the FD interest rates comes after Reserve Bank of India hiked the repo rate to 6.5%. The interest rates were hiked in the range of 0.10% to 0.60% for deposits ranging from below Rs.1 crore to less than Rs.5 crore. For deposits below Rs.1 crore, the interest rates range between 3.50% to 7.25% for general citizens while for senior citizens the interest rates range between 4% to 7.75%. For deposits in the range of Rs.1 crore to Rs.5 crore, the rates for general citizens are between 4.25% to 7.40%. For senior citizens, the rates range between 4.75% to 7.90%. It needs to be mentioned that State Bank of India and Canara Bank also revised the rates on July 30 and August 4 respectively.
13 August 2018
HDFC Slashes Interest Rates for Fixed Deposits by 25 Basis Points
HDFC Bank has reduced term deposit interest rates by 25 basis points for deposits with a 2 year maturity below Rs.5 crore. The revised rate of interest stands at 6%.
These rates are lower than those offered by State Bank of India, which pays out 6.7% for deposits lower than Rs.1 crore with a 3 year maturity. SBI pays an interest of 6.85% for deposits with a 2 year maturity.
HDFC Bank had cut rates for deposits above Rs.5 crore earlier, with the new rate paid out being 5%.
A number of banks have cut their interest rate for fixed deposits in the week. IDBI Bank, Kotak Mahindra as well as ICICI Bank also reduced interest rates for bulk deposits.
ICICI reduced the rates for deposits between Rs.1 crore and Rs.25 crore with 1 and 2 year maturities from 6.25% to 6.10%.
Kotak Mahindra reduced rates for deposits between Rs.1 crore and Rs.10 crore with 1 year maturity to 6.25% from the earlier 6.35%.
23 January 2017
HDFC Fixed Deposit Rate Change
HDFC Bank, one of the premier financial institutions in the company recently changed the interest changes for its term deposit options. For all domestic, NRO and NRE deposit options, the tenure available is between 7 days to 10 years and interest charged on these deposits varies based on the tenure chosen by the customer. Special rates for senior citizens are also available.
The rates have been revised and are as follows -
Rates are the same for almost all tenures except for one.
For a tenure between 91 days to 6 months, the interest rates have changed for deposits amount above and below Rs. 1 crore.
For a deposit amounting to below Rs. 1 crore, the interest rate was previously 6.50% and for senior citizens, it was 7%. This rate has changed to 6.75% to 7.25% respectively.
For a deposit amounting to Rs 1 crore and above (below Rs. 5 crore), the previous rate of interest was 6.50% to 7%. This rate has now become 6.75% to 7.25% respectively.
1 July 2016
HDFC Bank Interest Rate Changes
The long-standing directive of the Reserve Bank of India and the budget discussion have led banks to reduce the rates of credit facilities for customers. Banks have accordingly taken measures to either hike rates or lower some for different tenures of fixed deposits.
One of India’s finest banking and financial services company HDFC offers customized fixed deposits, with competitive interest rates, to suit the needs of the depositor. When it comes to HDFC term deposits, tenures of 30 days to 45 days will be earning an interest rate of 5.50% (regular fixed deposits) and 6% (senior citizens) per annum for deposit below Rs 1 crore. In case of term deposits of more than Rs 1 crore to Rs 5 crore, the interest rate computed is 6.25% (regular term deposits) and 6.75% (deposits for senior citizens) per annum.
For the next slot of tenures - 1 year; 1 year 1 day to 1 year 3 days; 1 year 4 days; 1 year 5 days to 1 year 15 days; 1 year 16 days; 1 year 17 days to 2 years; 2 years 1 day to 2 years 15 days; 2 years 16 days; 2 years 17 days to 3 years; and 3 years 1 day to 5 years, the advertised rate of interest is 7.50% (regular deposits) and 8% (senior citizens deposits) per annum for below Rs 1 crore deposits. The rates of interest for the same tenures for deposits worth Rs 1 crore and up to Rs 5 crore are 7.50% (regular) and 8% (senior citizens) per annum. Interest rates of 7.25% (regular deposits) and 7.75% (senior citizens deposits) per annum for time period of 5 years 1 day to 8 years are applicable for deposits worth less than Rs 1 crore and above Rs 1 crore and up to Rs 5 crore, respectively.
1 April 2016
HDFC Bank Fixed Deposit Rates
As per the directive of the Reserve Bank of India, HDFC Bank has dealt cuts to the interest rates of its products owing to the repo rate reduction. Its deductions, though fractional, have been consistent regarding its interest rates. While savings accounts have not been affected in any major way, the traditional investment tool of fixed deposits has witnessed interest downsizing.
The third month of the last quarter of 2015, December, has seen the lowest interest rate of 3.50% per annum for fixed deposits with HDFC Bank. This interest rate applicable for deposit tenures of 9 months 16 days and 9 months 17 days to less than 1 year for deposits less than Rs 1 crore and Rs 1 crore to Rs 5 crore are 7.50% (regular deposit) and 8% (senior citizens deposit) respectively. For the tenures 1 year 1 day - 1 year 3 days; 1 year 4 days; 1 year 5 days - 1 year 15 days; and 2 years 17 days - 3 years, the rates of interest are 7.65% (regular deposit) and 8.15% (senior citizens deposit) for the less than Rs 1 crore deposit.
In case of the term deposit Rs 1 crore till Rs 5 crore, the interest rates remain the same for tenures 1 year 1 day - 1 year 3 days; 1 year 4 days; 1 year 5 days - 1 year 15 days; and 2 years 17 days - 3 years, at 7.50% (regular deposit) and 8% (senior citizens deposit).
16 December 2015
HDFC Bank Fixed Deposit Rates Change
The base rate changes of most banks post the repo rate drop by the Reserve Bank of India have affected the interest rates of almost all products offered by banks. Fixed deposit accounts from HDFC Bank haven’t stayed immune to this change either.
HDFC Bank has apparently done away with almost all short term deposits that dealt with tenures less than a year. For all other tenures that max out at 5 years, income options have been included that makes fixed deposits from this bank have an added advantage for home makers and elderly people. Periods of 15 months now have an interest rate of 8.35%, 22 months tenure have an interest rate of 8.40% and similar rates are applicable for tenures of 30 months and 44 months respectively. The highest interest rate currently on offer from HDFC Bank on fixed deposits is 8.66% under the Double Money Plan.
10 September 2015
Fixed Deposits with HDFC might see Lower Rates
There have been many banks who have taken to slashing their base rates in accordance with the repo rate reduction by the Reserve Bank of India, but HDFC Bank seemingly has brought its base rate to an all-time low at 9.35% from its 9.7%, while the fixed deposits at the private bank will still continue to earn interest at a rate of 8.2% at the highest.
With reduction in base rates, banks have also decreased the rate of interest on fixed deposits in a subsequent move, and a similar trend might be followed by HDFC after taking all the pros and cons of the market situation into account. But as of now, HDFC has upped the ante by being the lender with the lowest rates and higher returns on fixed deposits.
2 September 2015
HDFC slashes fixed deposit rate by up to 25 bps
In a move that may pave way for lower lending rates, HDFC and ICICI Banks have cut their fixed deposit rates on select maturities by up to 0.25% on Monday.
HDFC Bank lowered its fixed deposits rates by 25 basis points for deposits ranging from Rs.1 to 5 crores and above. Axis Bank was one of the major banks to cut its rate by up to 0.25% after the central bank announced repo cut on March 4. The State Bank of India, the country’s largest bank, has however, not hinted at any cut in interest rates so far.
30 March 2015
HDFC fixed deposits returns go under 9 percent
HDFC Bank has slashed its current fixed deposit interest rates- per the new structure, your fixed deposit will now fetch you under 9% returns. In terms of the exact figures, HDFC Bank has cut the fixed deposit interest rates by up to 50 basis points on most of its deposits. This means the best returns on your fixed deposit will fetch you a maximum of just 8.75% and that too for deposits tenured above one year. The new interest rate cuts will be applicable from this week. The bank validates this move as a step to boost the liquidity or hard cash crunch in the current low spending economy.
I have a fixed deposit with HDFC which was started 2 years back. I have chosen it mainly for the interest rate and also its convenient to open this account online also am a salary account holder. The locking period is 5 years. I never faced issues with the customer service. They need an improvement on interest rate because I think it could be better.
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3
SAPTARSHI MUKHERJEE
, bangalore
Reviewed on Feb 01, 2019
I have invested in the fixed deposit for the amount of Rs. 1 lakh for 10 years, the interest rate is around 9% per annum. I went to the bank and opened the FD, there is no charges for pre matured withdrawal. The executive explained each benefits of the FD.
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5
VEERA BHADRA A BHADRA
, bangalore
Reviewed on Jan 24, 2019
I have taken Fixed deposit account from HDFC bank where am getting good benefits from them . There is no charges for the account . Where they are giving good rate of interest i have chosen long term investment plan.Overall am satisfied with the service and response .
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5
AAGAM PINAKIN MEHTA
, ahmedabad
Reviewed on Jan 23, 2019
I also have a fixed deposit account with HDFC Bank. The process to open this account is easy. I can do it online. They also offer a good rate of interest on the account. The bank has always been up to the mark to ban with. It is very convenient and easy.
I do have a fixed deposit account with HDFC Bank. They are giving good interest. I can manage this account on line. I have chosen HDFC because of bank financial is good. I have just started long time, The process was very quick and it was done through on line.
In HDFC I can deposit for minimum of Rs. 5000 to max amount. I done the investment of one time payment around Rs.6 lakhs. I can chose the tenure period based on the convenient, it gives the interest of 7% its maximum. I can open and close the account through online.
I have taken the fixed deposit for my wife. I have purchased the plan with HDFC bank. I have chosen in the year of 2012. I have invested the fixed amount of Rs. 17 lakhs. They have offered me a interest rate of nominal amount. The service is HDFC is really good. Every year i have enhancing the interest rate for the fixed deposit.
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0
PADMINI GANGADHARAN JITHESH
, chennai
Reviewed on Nov 30, 2018
I do have a fixed deposit account with HDFC Bank. They are giving good interest. I can manage this account online. I have chosen HDFC because of bank financial is good. I have just started recently and its a one time investment of 3L. The process was very quick and it was done through online.
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2
SIDDHARTHA SHANKAR TIWARI
, noida
Reviewed on Nov 27, 2018
Currently HDFC is providing 7.5% of interest for FD account, I taken FD for the tenure of three years. I can deposit minimum to maximum amount, the customer service is very helpful related to the FD queries. I am getting message its very simple and beneficial.
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0
NITIN CHHABRA
, new delhi
Reviewed on Nov 24, 2018
I have a fixed deposit account with HDFC Bank and the banking process is good. I could open this account online and the account has been beneficial too. I can also close this account without having to go in person to the bank. It can be done online too.
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8
ARUN JEBAKUMAR BENJAMIN
, chennai
Reviewed on Sep 15, 2018
I had started making this investment almost a year back. The interest rate with them had changing according to the market rate. The services which they had been providing so far had been very good. Tenure with them also had been good and i make the deposits directly.
I've a fixed deposit with the HDFC bank for 1 Lakh, they offered an annual interest rate of 9.5% annual. They also offers special rates for Senior Citizen. Apart from the fixed deposit I hardly use the account. Overall their banking services are good.
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30
PRAVEEN NARAYANAN KALLAT
, chennai
Reviewed on May 17, 2018
I have a Fixed Deposit with HDFC bank from last 4 years, my experience was good so far and i did not face any issues with this bank. I have deposited a fixed amount of Rs 5-6 lakhs. When it comes to customer service, it is good and they gave all the right information. I get interest of 6% as returns and i am satisfied with it.
I also bank with HDFC Bank for the fixed deposit. The customer services are good and there are no issues in the process. The lock in period is for a year. The interest rate is good and there are no charges. The experience has been good as I can track all the details on the mobile application.
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2
MADHURENDRA R
, bangalore
Reviewed on Mar 24, 2018
It was a smooth process to open a fixed deposit at HDFC Bank. There is a lock in period for one year. After which I can close the account. The rate of interest is normal like the other banks. There are no charges taken for this. Good services overall.
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3
ANURAG PATHAK
, new delhi
Reviewed on Feb 19, 2018
My fixed deposit account is with HDFC Bank and the rate of interest is of 6.5%. The customer services are good and the response is also satisfactory. They contact me on time when ever there is a query. I been a long time privilege customer and I am happy with the services.
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2
PUNIT NIRANJAN SHAH
, mumbai
Reviewed on Feb 09, 2018
I do have Fixed deposit account with the HDFC bank and the interest rate was around 7.5% and the customer service was an average one. I would like to say that the response was okay one for me with the HDFC bank and everything is good one too with them.
I had invested in FD with HDFC through net banking. The benefits what I get here are huge. It hardly takes about 5 minutes to open this deposit. Net banking and mobile app are very easy to use. I can see the FD summary online and also renew it online. Current Rate for 1 year FD is 6.75% per annum.
I have opened HDFC fixed deposit before eight months, I have deposited the amount for the period of one year. Then if I want I can renew it through online. They are providing 6.9% of interest for FD account, I could track FD through netbanking and phone banking.
I have opened a fixed deposit account with HDFC bank. They are providing good interest for fixed deposit. The interest rte is 6.75% annually. The duration for my FD is for 12 months. If i withdrew with in the duration then some charges will be applicable which is around 1 to 2% of the principal amount.
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2
PRAJYOT PRABHAKAR PATIL
, thane
Reviewed on Dec 30, 2017
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