• HDFC Fixed Deposit Rates

    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 5.60% 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. for tenures of 7 days to 5 years. For a tenure of more than 5 years and up to 10 years, senior citizens are eligible for an additional rate of 0.75% p.a.

    HDFC Bank FD Interest Rates for Domestic Below Rs.2 crore

    Period General Public Rates (p.a.) Senior Citizens Rates (p.a.)
    7 days to 14 days 2.50% 3.00%
    15 days to 29 days 2.50% 3.00%
    30 days to 45 days 3.00% 3.50%
    46 days to 60 days 3.00% 3.50%
    61 days to 90 days 3.00% 3.50%
    91 days to 6 months 3.50% 4.00%
    6 months 1 day to 9 months 4.40% 4.90%
    9 months 1 day to less than 1 year 4.40% 4.90%
    1 year 4.90% 5.40%
    1 year 1 day to 2 years 5.00% 5.50%
    2 years 1 day to 3 years 5.20% 5.70%
    3 years 1 day to 5 years 5.40% 5.90%
    5 years 1 day to 10 years 5.60% 6.35%

    *New rates are effective from 1 January 2022 and can change from time to time.

    HDFC Bank FD Interest Rates for Domestic More Than Rs.2 crore and Less Than Rs.5 Crore

    Period General Public Rates (p.a.) Senior Citizens Rates (p.a.)
    7 days to 14 days 2.50% 3.00%
    15 days to 29 days 2.50% 3.00%
    30 days to 45 days 2.75% 3.25%
    46 days to 60 days 2.75% 3.25%
    61 days to 90 days 3.00% 3.50%
    91 days to 6 months 3.00% 3.50%
    6 months 1 day to 9 months 3.50% 4.00%
    9 months 1 day to less than 1 year 3.65% 4.15%
    1 year 3.75% 4.25%
    1 year 1 day to 2 years 3.75% 4.25%
    2 years 1 day to 3 years 4.40% 4.90%
    3 years 1 day to 5 years 4.40% 4.90%
    5 years 1 day to 10 years 4.40% 5.15%

    *New rates are effective from 1 January 2022 and can change from time to time.

    Term Deposits Interest Rates for Amounts Equal to or More than Rs.5 crore (Domestic/NRO/NRE)

    Period 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.50 cr Rs.50 cr & Above
    7 days to 14 days 2.50% 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% 2.50%
    30 days to 45 days 2.75% 2.50% 2.75% 2.50% 2.75% 2.75%
    46 days to 60 days 2.75% 2.50% 2.75% 2.50% 2.75% 2.75%
    61 days to 90 days 3.00% 2.75% 3.00% 2.75% 3.00% 3.00%
    91 days to less than or equal to 6 months 3.25% 2.75% 3.25% 2.75% 3.25% 3.25%
    6 months 1 day to less than or equal to 9 months 3.50% 3.00% 3.50% 3.00% 3.50% 3.50%
    9 months 1 day to less than to 1 year 3.65% 3.00% 3.65% 3.00% 3.65% 3.65%
    1 year to 2 years 4.00% 3.20% 4.00% 3.20% 4.00% 4.00%
    2 years 1 day to 3 years 4.50% 3.20% 4.50% 3.20% 4.50% 4.50%
    3 years 1 day to 5 years 4.60% 3.20% 4.60% 3.20% 4.60% 4.60%
    5 years 1 day to 10 years 4.60% 3.20% 4.60% 3.20% 4.60% 4.60%

    *New rates are effective from 1 January 2022 and can change from time to time.

    Domestic/NRO and NRE Non-Withdrawable Deposit Rates for deposits >=Rs.5 crore

    Period 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.50 cr Rs.50 cr & Above
    91 days to less than or equal to 6 months 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
    6 months 1 day to less than or equal to 9 months 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
    9 months 1 day to less than to 1 year 4.15% 4.15% 4.15% 4.15% 4.15% 4.15%
    1 year to 2 years 4.55% 4.55% 4.55% 4.55% 4.55% 4.55%
    2 years 1 day to 3 years 4.60% 4.60% 4.60% 4.60% 4.60% 4.60%
    3 years 1 day to 5 years 4.70% 4.70% 4.70% 4.70% 4.70% 4.70%
    5 years 1 day to 10 years 4.70% 4.70% 4.70% 4.70% 4.70% 4.70%

    *New rates are effective from 1 January 2022 and can change from time to time.

    HDFC FCNR Deposit Rates

    Period GBP USD Euro JPY AUD CAD
    1 year 0.25% 0.01% 0.01% 0.01% 0.01% 0.30%
    1 year to 2 years N/A 0.01% N/A N/A 0.01% 0.30%
    2 years to 3 years N/A 0.50% N/A N/A 0.50% 0.75%
    3 years to 4 years N/A 0.80% N/A N/A 1.00% 1.10%
    4 years to 5 years 1.00% 0.45% N/A N/A 1.35% 1.30%
    5 years only N/A 1.10% N/A N/A 1.45% 1.30%

    HDFC RFC Deposit Rates

    Period GBP USD Euro JPY
    Less than 29 days 0.01% 0.01% 0.01% 0.01%
    30 days to 3 months 0.01% 0.01% 0.01% 0.01%
    3 months 1 day to 1 year 0.01% 0.01% 0.01% 0.01%
    1 year to 2 years 0.01% 0.01% 0.01% 0.01%
    2 years to 3 years 0.01% 0.50% 0.01% 0.01%
    3 years only 0.01% 0.80% 0.01% 0.01%

    Types of HDFC Fixed Deposits and Their Features

    • Regular Fixed Deposits
      • You can easily make an investment and these have high flexibility, and security.
      • Senior citizens get a higher rate of interest.
      • You can open a deposit via NetBanking and choose for monthly or quarterly payouts.
    • HDFC Bank SureCover FD
      • Your minimum deposit amount is Rs.2 lakh
      • The maximum amount of deposit is Rs.10 lakh
      • The tenure ranges from 1 year to 10 years
      • The interest rates are the same as Regular Fixed Deposit
      • You can choose a monthly or quarterly interest payout
    • Five Year Tax Saving Fixed Deposit
      • The minimum deposit amount is Rs.100 and multiples of Rs.100
      • The maximum deposit amount is Rs.1.5 lakh in a financial year.
      • The tenure is a lock-in period of 5 years.
      • If you have joint deposits, the tax benefit under Section 80c will be available to the first holder.
      • TDS will be deducted when the interest payable or reinvested exceeds Rs.40,000 (Rs.50,000 for senior citizens) in one financial year.
      • TDS Certificate will be mailed to you after end of every quarter during the financial Year providing the details of TDS deducted during the quarter.
    • FCNR Deposits
      • You can open fixed deposit in any of these foreign currencies - US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, Canadian Dollars
      • You get tax exemption on the deposit amount
      • You can open the deposit jointly with NRIs
      • Avail of the nomination facility
    • Overdraft Against Fixed Deposits
      • You can get avail up to 90% of overdraft on your hdfc fixed deposit.
      • The minimum amount of deposit is Rs.25,000 for a minimum tenure of 6 months 1 day to get the overdraft against FD/Super Saver facility
      • You can get overdraft against FD/Super Saver facility on deposit held in single name via NetBanking
    • Non-withdrawable Deposits
      • Premature or partial withdrawal of the fixed deposit is not allowed
      • You can opt for quarterly or monthly interest pay outs

    Features and Benefits of HDFC Fixed Deposits

    • A fixed deposit gives you guaranteed returns.
    • When you have a savings account with HDFC, you can easily open a fixed deposit and do not have to worry about the amount until it matures.
    • If you choose a fixed deposit with a reinvestment option, you can easily benefit from the compound interest and earn interest on the principal amount and also the interest that you earn.
    • If you want to get a regular income, you can always choose for monthly or quarterly interest pay-outs.
    • If you want to save tax, you can choose the five year tax saving fixed deposit, and benefit from the exemptions under Section 80c.

    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

    HDFC Fixed Deposit - Premature Withdrawal

    An Interest rate will be applicable for premature closure and this will be the lower amount of either of these:

    • The base rate for the original tenure of the deposit
    • The base rate which is applicable for the tenure for which deposit has been with the bank

    The base rate will be applicable to all deposits amounting to less than Rs.1 crore on the date of booking your deposit. For all deposits that are more than Rs.5 crores, the base rate will be for Rs.5 crore as on the date of booking your deposit. For premature withdrawals, like sweep-ins and also partial withdrawals, HDFC Bank will levy a penalty of 1%. The penalty for premature withdrawal will not be applicable for any fixed deposits that are booked for a tenor of 7 days to 14 days.

    How to Calculate HDFC Fixed Deposit Interest Rates

    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.

    FAQs on HDFC FD Interest Rates

    1. What is the highest FD rate for HDFC Bank?

      The highest rate for the general public is 5.5% and for senior citizens, it is 6.25%.

    2. What are the current HDFC Bank FD interest rates 2021?

      You can refer the table above to see the current HDFC Bank FD interest rates 2021. The interest rate ranges from 2.50% to 5.50%.

    3. How many years FD will double?

      You can check the total amount you have yielded by calculating the same using the interest rates from the above tables.

    4. Can I change the tenure of my HDFC fixed deposit account?

      You cannot change the tenure; however, you can close the existing account and open a new with a tenure of your choice.

    5. Can I withdraw from my HDFC FD account ahead of the maturity date?

      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.

    6. Can I deposit more funds to my HDFC 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.

    7. Do I need to submit KYC documents for opening a HDFC FD account?

      Yes, you need to submit KYC documents for a FD account with HDFC bank.

    8. Can a Non-HDFC Bank customer open an FD online?

      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.

    9. Is PAN mandatory to open an HDFC FD account?

      A PAN is mandatory to open or operate an HDFC FD account. If you do not have a PAN, then your:

      • TDS exemption form will be found to be void.
      • TDS deduction will be of a minimum of 20%.
      • TDS credit cannot be availed.
      • TDS certificate might be given.
    10. Which forms do I need to submit to evade TDS?

      Form 15G/15H needs to be submitted at the beginning of each financial year.

    11. How can I book a FD via SMS?

      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.

    12. Who is eligible to open a term deposit account with HDFC Bank?

      A term deposit account with HDFC Bank can be opened by:

      • Residents
      • Hindu Undivided Families
      • Sole Proprietorship firms
      • Partnership firms
      • Limited companies
      • Trust accounts
    13. Can I book the five-year Tax Saving fixed deposit with the quarterly payout option?

      Yes. HDFC Bank offers you the option of booking the five-year tax saving fixed deposit with the monthly or quarterly payout option.

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