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With HDFC Fixed Deposit, you can invest your money for a tenure anywhere between 7 days to 10 years and earn interest over the deposited amount. You can earn FD interest rate of 5.50% p.a. for a tenure ranging between more than 5 years and 10 years. Senior citizens enjoy an additional rate of interest of 0.50% p.a.
Below are the Domestic/NRO/NRE Term Deposits interest rates below Rs.2 crore
Period | General Public |
---|---|
7 days to 14 days | 2.50% |
15 days to 29 days | 2.50% |
30 days to 45 days | 3.00% |
46 days to 60 days | 3.00% |
61 days to 90 days | 3.00% |
91 days to 6 months | 3.50% |
6 months 1 day to 9 months | 4.40% |
9 months 1 day to less than 1 year | 4.40% |
1 year | 4.90% |
1 year 1 day to 2 years | 4.90% |
2 years 1 day to 3 years | 5.15% |
3 years 1 day to 5 years | 5.30% |
5 years 1 day to 10 years | 5.50% |
*New rates are effective from 13 November 2020 and can change from time to time.
Given below are the Domestic/NRO/NRE Term Deposits interest rates for senior citizens for deposits of less than Rs.2 crore
Period | Senior Citizens Rates (p.a.) |
---|---|
7 days to 14 days | 3.00% |
15 days to 29 days | 3.00% |
30 days to 45 days | 3.50% |
46 days to 60 days | 3.50% |
61 days to 90 days | 3.50% |
91 days to 6 months | 4.00% |
6 months 1 day to 9 months | 4.90% |
9 months 1 day to less than 1 year | 4.90% |
1 year | 5.40% |
1 year 1 day to 2 years | 5.40% |
2 years 1 day to 3 years | 5.65% |
3 years 1 day to 5 years | 5.80% |
5 years 1 day to 10 years | 6.25% |
*New rates are effective from 13 November 2020 and can change from time to time.
Given below are the Domestic/NRO/NRE Term Deposits interest rates for general public for deposits of more than Rs.2 crore and less than Rs.5 crore
Period | General Public |
---|---|
7 days to 14 days | 2.50% |
15 days to 29 days | 2.50% |
30 days to 45 days | 2.75% |
46 days to 60 days | 2.75% |
61 days to 90 days | 3.00% |
91 days to 6 months | 3.00% |
6 months 1 day to 9 months | 3.50% |
9 months 1 day to less than 1 year | 3.65% |
1 year | 3.75% |
1 year 1 day to 2 years | 3.75% |
2 years 1 day to 3 years | 4.25% |
3 years 1 day to 5 years | 4.25% |
5 years 1 day to 10 years | 4.25% |
*New rates are effective from 13 November 2020 and can change from time to time.
Given below are the Domestic/NRO/NRE Term Deposits interest rates for general public for deposits of more than Rs.2 crore and less than Rs.5 crore
Period | Senior Public |
---|---|
7 days to 14 days | 3.00% |
15 days to 29 days | 3.00% |
30 days to 45 days | 3.25% |
46 days to 60 days | 3.25% |
61 days to 90 days | 3.50% |
91 days to 6 months | 3.50% |
6 months 1 day to 9 months | 4.00% |
9 months 1 day to less than 1 year | 4.15% |
1 year | 4.25% |
1 year 1 day to 2 years | 4.25% |
2 years 1 day to 3 years | 4.75% |
3 years 1 day to 5 years | 4.75% |
5 years 1 day to 10 years | 5.00% |
*New rates are effective from 13 November 2020 and can change from time to time.
Period | FD Rate of Interest (p.a) | ||||
---|---|---|---|---|---|
Rs.5 cr to Rs.5.25 cr | Rs.5.25 cr to Rs.5.50 cr | Rs.5.50 cr to Rs.24.75 cr | Rs.24.75 cr to Rs.25 cr | Rs.25 cr to Rs.200 cr | |
7 days to 14 days | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
15 days to 29 days | 2.50% | 2.50% | 2.50% | 2.50% | 2.50% |
30 days to 45 days | 2.75% | 2.50% | 2.75% | 2.50% | 2.75% |
46 days to 60 days | 2.75% | 2.50% | 2.75% | 2.50% | 2.75% |
61 days to 90 days | 3.00% | 2.75% | 3.00% | 2.75% | 3.00% |
91 days to less than or equal to 6 months | 3.00% | 2.75% | 3.00% | 2.75% | 3.00% |
6 months 1 day to less than or equal to 9 months | 3.50% | 3.00% | 3.50% | 3.00% | 3.50% |
9 months 1 day to less than to 1 year | 3.65% | 3.00% | 3.65% | 3.00% | 3.65% |
1 year to 2 years | 3.75% | 3.20% | 3.75% | 3.20% | 3.75% |
2 years 1 day to 3 years | 4.25% | 3.20% | 4.25% | 3.20% | 4.25% |
3 years 1 day to 5 years | 4.25% | 3.20% | 4.25% | 3.20% | 4.25% |
5 years 1 day to 10 years | 4.25% | 3.20% | 4.25% | 3.20% | 4.25% |
*New rates are effective from 21 January 2021 and can change from time to time.
Period | Interest Rate (p.a.) for deposits above Rs.5 crore to >=Rs.200 crore |
---|---|
91 days to less than or equal to 6 months | 3.10% |
6 months 1 day to less than or equal to 9 months | 3.60% |
9 months 1 day to less than to 1 year | 3.75% |
1 year to 2 years | 3.85% |
2 years 1 day to 3 years | 4.35% |
3 years 1 day to 5 years | 4.35% |
5 years 1 day to 10 years | 4.35% |
*New rates are effective from 25 March 2021 and can change from time to time.
The interest that you earn on your FD depends on several factors, including the amount, rate of interest, tenure, frequency of interest calculation, and taxation. To calculate the interest earned on your HDFC FD is hassle-free and simple. All you got to do is visit the online HDFC FD calculator to know the amount you can earn after maturity.
Fixed Deposit Rates by Other Banks
You cannot change the tenure; however, you can close the existing account and open a new with a tenure of your choice.
You can withdraw from your FD account; however, the bank will give the principal amount with either a lower rate of interest or after deducting any penalties. That said, FDs through HDFC have a lock-in period of 1 month to 5 years, where you cannot withdraw from your FD account.
HDFC does not have the option to add more cash to your FD account; however, you can open a new FD to add more liquidity.
Yes, you need to submit KYC documents for a FD account with HDFC bank.
Both new and existing can open and operate the HDFC FD account online. First-time or new customers can get the username and password by visiting the local HDFC branch.
A PAN is mandatory to open or operate an HDFC FD account. If you do not have a PAN, then your:
Form 15G/15H needs to be submitted at the beginning of each financial year.
To book a HDFC FD via SMS, you need to send a text message to 5676712 after typing ‘BOOKFD’. On doing so, a FD will be booked with Rs.5000 for 12 months by default. In case, you want to book a FD with a different amount for a period of 12 months, you need to type BOOKFD (Amount) and for booking the FD for a mentioned amount and tenure you must type BOOKFD (Amount) and send to 5676712.
A term deposit account with HDFC Bank can be opened by:
Yes. HDFC Bank offers you the option of booking the five-year tax saving fixed deposit with the monthly or quarterly payout option.
The fixed deposits offered by HDFC Bank has been increased by 25 basis points and will be effective from 30 March 2021.
The interest rate for the fixed deposits maturing in 33 months will be 6.2% and for the deposits maturing in 66 months, the rate of interest offered will be 6.5% by HDFC Bank. Lastly, the fixed deposits maturing in 99 months, the interest rate offered will be 6.65%.
Senior citizens will be receiving an additional 0.25% over the rate of interest offered for regular citizens.
30 March 2021
HDFC Bank has revised its fixed deposit interest rates for the ones which are maturing in one year and 2 years. The revised rate will be in effect from 13 November 2020. The bank has cut the interest rate by 10 basis points for the deposits maturing in 1 year and 2 years.
The revised rate of interest for 1 year 1 year to 2 years was cut down from 5.00% to 4.90%. Senior citizens will receive an interest rate which is 50 bps higher compared to regular citizens.
The State Bank of India is providing an interest rate of 4.90% for the deposits which are maturing in 1 year and less than 2 years compared to its previous rate of 5.10%.
13 November 2020
On 15 October, HDFC slashed the interest rates on its FDs for certain tenures. The interest rates have been reduced for tenures of one year and two years. The interest rates for other tenures have not been changed. The interest rates for tenures that mature in one year and two years have been reduced by 20 basis points and 10 basis points, respectively. When compared to the general public, senior citizens get an additional interest rate of 0.50%. HDFC Bank offers interest rates between 3% and 6.25% for tenures ranging from 7 days to 10 years.
15 October 2020
HDFC Bank, one of the private banks operating in the country has launched a special fixed deposit (FD) scheme for senior citizens called ‘Senior Citizen Care FD scheme’. The rate of return offered on the special scheme by the lender is high when compared to the usual interest rate. Citizens above the age of 60 years who open a fixed deposit account will be offered additional interest of 75 basis points on deposits having a tenure of more than 5-year. The new scheme which has been made available since 18 May is applicable to new fixed deposit booked as well as for the renewals. It shall be in effect till 30 September. The interest offered by the bank to senior citizens for putting a fixed deposit under HDFC Bank Senior Citizen Care FD is 6.50% p.a. In case of premature withdrawal of the FD, the payable interest rate will be 1.25% below the contracted rate or the base rate.
It must be noted here that HDFC Bank had revised the interest rates on 18 May. The revision in the rates meant that the rate of return offered on fixed deposits to general citizens was in the range of 3% p.a. to 5.75% p.a. Senior citizens were offered in the range of 3.50% p.a. to 6.50% p.a.
22 May 2020
HDFC Bank, one of the private banks operating in the country has revised its fixed deposit rates with effect from October 17. The lender which lets you open a fixed deposit account with them for a tenure that ranges between 7 days and 10 years offers interest up to 6.85% per annum.
For deposits between 7 days and 14 days, the bank offers interest of 3.50%. The interest offered on deposits having a tenure of 15 days to 29 days and 30 days to 45 days have been slashed by 0.25% and going forward will attract 4% and 4.90% respectively. Deposits opened for a tenure between 46 days and 6 months will draw interest of 5.40%. The lender will be offering 6% and 6.25% for deposits having a tenure of 6 months 1 day to 9 months and 9 months 1 day to less than a year.
For deposits having a tenure of 1 year and 1 year 1 day to 2 years, the bank is offering an interest of 6.45%. HDFC Bank is offering customers 6.85% on deposits which are opened for a period of 2 years 1 day to 3 years while for deposits having a tenure of 3 years 1 day to 10 years, the interest offered in 6.75%. Senior citizens are offered additional interest of 0.50% on all FD tenures.
21 October 2019
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