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 7.30% p.a. for a mandate of 1 to 2 years. Senior citizens enjoy an additional rate of interest of 0.50% p.a.

HDFC Bank Domestic/NRO/NRE Term Deposits Interest Rates 2020

Period Interest Rate for Deposits Below Rs.2 crore Interest Rate for Deposits Above Rs.2 crore to less than Rs.5 crore
General Public Senior Citizens General Public Senior Citizens
7 days to 14 days 3.00% 3.50% 3.00% 3.50%
15 days to 29 days 3.50% 4.00% 3.00% 3.50%
30 days to 45 days 4.00% 4.50% 3.50% 4.00%
46 days to 60 days 4.50% 5.00% 3.75% 4.25%
61 days to 90 days 4.50% 5.00% 3.75% 4.25%
91 days to 6 months 4.50% 5.00% 4.25% 4.75%
6 months 1 day to 9 months 5.00% 5.50% 4.75% 5.25%
9 months 1 day to less than 1 year 5.25% 5.75% 4.75% 5.25%
1 year 5.60% 6.10% 5.00% 5.50%
1 year 1 day to 2 years 5.60% 6.10% 5.00% 5.50%
2 years 1 day to 3 years 5.75% 6.25% 5.00% 5.50%
3 years 1 day to 5 years 5.75% 6.25% 5.00% 5.50%
5 years 1 day to 10 years 5.75% 6.50% 5.00% 5.75%

*New rates are effective from 18 May 2020 and can change from time to time.

Term Deposits Interest Rates 2020 for Amounts Equal to or More than Rs.5 crore (Domestic/NRO/NRE)

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 3.00% 3.00% 3.00% 3.00% 3.00%
15 days to 29 days 3.00% 3.00% 3.00% 3.00% 3.00%
30 days to 45 days 3.50% 3.25% 3.50% 3.25% 3.50%
46 days to 60 days 3.75% 3.25% 3.75% 3.25% 3.75%
61 days to 90 days 3.75% 3.25% 3.75% 3.25% 3.75%
91 days to less than or equal to 6 months 4.25% 3.35% 4.25% 3.35% 4.25%
6 months 1 day to less than or equal to 9 months 4.75% 3.35% 4.75% 3.35% 4.75%
9 months 1 day to less than to 1 year 4.75% 3.40% 4.75% 3.40% 4.75%
1 year to 2 years 5.00% 3.45% 5.00% 3.45% 5.00%
2 years 1 day to 10 years 5.00% 3.45% 5.00% 3.45% 5.00%

*New rates are effective from 15 May 2020 and can change from time to time.

Additional Features of HDFC Fixed Deposits

  • You can avail loans and credit cards through HDFC FD with 90% of the FD as loan and credit cards at minimal interest rates.
  • Online benefits such as booking an FD, appoint nominees, liquidate deposits, and view fixed deposit advice.
  • You could earn compound interest by reinvesting your principal along with the interest amount earned during the FD period.
  • Avail Sweep-in facility wherein you can transfer money to your savings or current account from your FD if the balance in your savings or current account goes below a certain limit.
  • Avail Super Saver facility to take advantage of the funds in your savings or current account wherein you can opt between a savings or current account to link it to your FDs and utilise an overdraft facility for your requirements.

HDFC NRI Fixed Deposit

  • Multiple types of FDs to suit your needs.
  • Minimum deposit amount is Rs.25,000 for a fresh or new account, while it's Rs.10,000 for add-ons.
  • Interest and principal are fully repatriable.
  • You can benefit from an Overdraft in NRO savings or current accounts of up to 90% of the FD amount.
  • Tenure of a minimum of 1 year and a maximum of 10 years.
  • Interest amount earned is exempted from income tax in India.

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

Period Interest Rate (p.a.) for deposits
above Rs.5 crore to >=Rs.100 crore
91 days to less than or equal to 6 months 4.35%
6 months 1 day to less than or equal to 9 months 4.85%
9 months 1 day to less than to 1 year 4.85%
1 year to 2 years 5.10%
2 year 1 day to 10 years 5.10%

*New rates are effective from 15 May 2020 and can change from time to time.

Types of HDFC Fixed Deposits

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 Interest Rates

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.
  7. Which forms do I need to submit to evade TDS?

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

  8. 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 and for booking the FD for a mentioned amount and tenure you must type BOOKFD and send to 5676712.

  9. 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
  10. 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.

Know how to Link Your KYC Documents to HDFC Bank Account

News About HDFC FD Interest Rates

  • Special FD scheme for senior citizens launched by HDFC Bank

    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 Revises its Fixed Deposit Rates

    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

  • FD rates slashed for a second time in a month by HDFC Bank

    HDFC Bank, one of the private sector banks operating in the country has revised the FD rates for the second time in a month. The bank offers general citizens interest in the range of 3.50% p.a. to 7.10% p.a. for opening an FD account with them. HDFC offer a variety of investment tenures when it comes to FDs with maturities starting from 7 days to 10 years.

    The bank in its website mentioned that for deposits having a tenure between 7 days and less than 12 months, the rate of return offered is in the range of 3.50% p.a. and 6.35% p.a. Deposits which have an investment tenure between 12 months and 24 months attract an interest between 6.80% p.a. and 6.90% p.a. The lender offers interest is in the range of 7% p.a. to 7.10% for deposits having a tenure between 24 months 1 day and 120 months. It needs to be mentioned here that the bank offers additional interest of 0.50% p.a. on all deposit tenures.

    It must be noted here that banks like State Bank of India (SBI), Axis Bank, ICICI Bank, Kotak Mahindra Bank, Punjab National Bank, Canara Bank, and IDFC First Bank have also revised FD interest rates this month.

    4 September 2019

  • HDFC lowers its FD interest rates

    According to reports, HDFC Bank has revised its fixed deposit interest rates on select maturity periods. The new rates will come into effect from 22 July 2019. As per the bank’s website, the revised rates are applicate for maturity periods between 30 and 45 days, 46 and 60 days, and 1 year.

    As per the new rates, general citizens can enjoy an interest rate of 5.5% and senior citizens can enjoy an interest rate of 6% on fixed deposits of 30 days to 45 days. Prior to this, HDFC was offering an interest rate of 5.75% to general citizens and 6.25% to senior citizens, respectively.

    On fixed deposits of 1-year maturity period, HDFC has lowered the rates by 20 basis points. As per the new rates, general citizens and senior citizens can enjoy interest rates of 7.10% and 7.60% respectively on their deposits.

    23 July 2019

  • SBI, HDFC, ICICI, and Canara bank offer more than 6% on FDs below Rs.2 crore

    There is no denying that investing in fixed deposits is preferred by many individuals in the country. The fact that it fetches guaranteed returns makes it a good choice when it comes to investing. Many banks that operate in the country, be it in the public sector or private sector offer the option of fixed deposits to its customers.

    State Bank of India along with other banks like Canara bank, HDFC bank and ICICI bank offer an interest rate in excess of 6% per annum when it comes to opening a fixed deposit account for select tenures. For deposits below Rs.2 crore, SBI offers an interest of up to 6.85% per annum for a period of 5 years to 10 years to the general public. Senior citizens avail an interest rate of 7.35% per annum for the above-mentioned tenure.

    Private sector lenders like HDFC bank and ICICI bank also offer attractive rates when it comes to fixed deposits. The highest interest rates offered by the lenders to the general public are 7.40% and 7.50% respectively. For senior citizens, the highest interest rates offered by the banks are 7.90% and 8% per annum.

    Canara Bank, one of the public sector banks that operate in the country offer an interest rate as high as 6.75% per annum to the general public while for senior citizens the highest rate offered is 7.25% per annum. The rates are offered on fixed deposits that are opened for a period of 1 year.

    17 April 2019

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