HDFC Bank Fixed Deposit 2025

Features of HDFC Bank Overdraft against Fixed Deposit

1. You can link your savings account or current account to your fixed deposit.
2. In case of withdrawals, you must repay the amount at an interest rate which is 2% more than the FD rate.
3. The minimum deposit amount to open an overdraft against FD account is Rs.25,0000
4. Pay back with interest is only on the drawn amount, the remaining amount continues to yield interest.
5. The bank allows you to modify the tenure, payment and maturity instructions, rollover mode before maturity of the deposit.

Features of HDFC Bank Foreign Currency Non-Resident (FCNR) Fixed Deposit

1. Can hold your deposit is any of the six major global currencies i.e., US dollar, pounds sterling, Euro, Japanese Yen, Australian dollars, and Canadian dollars.
2. Avail fully repatriate principal and interest amount.
3. Tax exemption on the entire deposit.
4. Overdraft available on your NRO savings or current account against the FCNR fixed deposit with the Super Saver facility.

Features of HDFC Bank 5-year Tax Saving Fixed Deposit scheme

1. This variant of Term Deposit comes with a lock-in period of 5 years.
2. You can invest within the range of Rs.100 and Rs.1.5 lakh.
3. You can choose to receive the interest income either on a monthly or quarterly basis.
4. The HDFC 5-year Tax Saving FD comes with tax benefit as per Section 80C of the Income Tax Act, 1961.
5. The interest rate for the Tax Saving FD is 7.00% p.a. for the general public and 7.50% p.a. for senior citizens.

Additional Features of HDFC Fixed Deposits

1. You can avail loans and credit cards through HDFC Fixed Deposit with 90% of the FD as loan and credit cards at minimal interest rates.
2. Online benefits such as booking an FD, appoint nominees, liquidate deposits, and view fixed deposit advice.
3. You could earn compound interest by reinvesting your principal along with the interest amount earned during the FD period.
4. 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.
5. 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

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

How is the interest rate calculated on HDFC Bank Fixed Deposit?

1. In case of term deposits having a tenure below 6 months with quarterly interest payout option, the interest is calculated on a quarterly basis.
2. For term deposits having a tenure below 6 months with monthly interest payout option, the interest is calculated for the quarter and paid monthly at a discounted rate over the standard deposit rate.
3. Fixed Deposits having a tenor below 6 months with interest reinvestment option, cumulative interest for the quarter is added to the principal in subsequent quarter and interest is calculated on the total amount.
4. For fixed deposits with a tenure equal to or above 6 months, simple interest is paid.

Eligibility Criteria for HDFC Bank FD

1. Indian resident
2. Member of the Hindu Undivided Family
3. Firms with Sole Proprietorship
4. Firms with partnership
5. Trusts
6. Limited Companies

Documents needed to be submitted for opening a FD with HDFC Bank

1. Government validated identity and address proof
2. PAN Card
3. Form 15G/15F (if you need exemption from TDS)
4. Recent passport-size photograph.

How to Open a HDFC Bank FD Account

You can open a HDFC through online and offline method. The steps for both the methods are given below:

Online Method

Step 1: Open your HDFC Net banking account.

Step 2: Next, choose the 'Transact' section.

Step 3: Then, choose the 'Open Fixed Deposits' option.

Step 4: Fill all the basic details like HDFC branch, nominee, FD tenure and amount, etc.

Step 5: After filing the details, click the 'Continue' button and then 'Confirm.'

Offline Method

If you want to open a HDFC Bank FD account offline, then you should visit your nearest HDFC branch. There a representative of the bank will walk you through the process of opening a FD account.

HDFC Bank FD Interest Rates for Domestic Below Rs.3 crore - General Public

  *Note: New rates are effective from 1 April 2025 and can change from time to time.