Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    Overview of HDFC Bank Fixed Deposit

    Overview of HDFC Bank Fixed Deposit  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    3.5% - 7.45% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.95% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Overview of HDFC Bank Fixed Deposit is Rated as "Excellent!" by 301 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    About HDFC

    HDFC Bank was established in 1994 and now has a nationwide network of 3,600 branches across 2,272 towns and cities in India. HDFC Bank began its banking enterprise as a Scheduled Commercial Bank in January 1995. Its registered office and HDFC Bank headquarters is situated in Mumbai, Maharashtra.

    With 11,515 ATM centres, HDFC Bank has become a vital part of the Indian infrastructure. HDFC Bank is strongly interconnected with an online real-time link between all of its branches.

    HDFC Bank has an intricate network of delivery channels including, phone banking, net banking, mobile banking and SMS based banking.

    HDFC Bank Fixed Deposits

    HDFC Bank offers the following fixed deposit account options-

    • Domestic deposits (less than 1 crore)
    • Domestic deposits (1 crore – 5 crores)
    • Domestic deposits (5 crores and above)

    Features of the HDFC Bank Fixed Deposits

    HDFC Bank fixed deposits are the sensible solution to investments problems, allowing you to accrue valid returns on your deposit. Here are some of the appealing features that HDFC Bank fixed deposits has to offer to you-

    • Extremely effortless investments
    • High returns on your savings
    • Attractive rates of interest
    • Flexible pay-out options
    • Security of investing your money with a known and trustworthy bank
    • High interest rates on fixed deposit accounts for senior citizens
    • Simple and quick online booking of your fixed deposit account
    • Online updates of the status of your fixed deposit account

    Interest Pay-out Options Offered By HDFC Bank

    The different interest pay-out options allows depositors to choose to create an income stream to suit their financial requirements.

    Following are the pay-out options offered by HDFC Bank-

    • Monthly
    • Monthly pay-out options are suitable for persons looking for a regular monthly income from their fixed deposit accounts in order to fulfil monthly and recurring expenditures.

    • Quarterly
    • Quarterly pay-out options are more relevant for persons who are looking to reinvest the sum that has compounded at the end of the quarter. It is also useful for retirees who are looking to receive a fixed sum of money every quarter.

    • Lump-sum (paid on maturity of the fixed deposit)
    • Lump sum pay-out option is the most widely used pay-out option allowing the depositor to use the accrued amount towards fresh investments, like college educations, property purchases or even for reinvestment purposes.

    Eligibility for Applying for a HDFC Bank Fixed Deposit Account

    Following are the individuals and groups that are eligible for the HDFC Bank fixed deposit account-

    • Residents
    • Sole proprietorship firms
    • Partnership firms
    • Limited companies
    • Hindu undivided families
    • Trust accounts

    Procedure for Opening a Fixed Deposit Account with HDFC Bank

    The procedure for opening a fixed deposit account with HDFC Bank is the simplest thing to do in order to securely invest your money.

    HDFC Bank offers its customers the facility to open fixed deposits either manually or online. In order to open a fixed deposit account with HDFC Bank manually, you have to simply walk into the nearest branch of HDFC Bank to you and fill up a simple and easy form.

    Once you have filled the form and provided the supporting documents, you can deposit your money into your new HDFC Bank fixed deposit account.

    Another easier way to book a fixed deposit account with HDFC Bank is to download the fixed deposit form that is available online and fill it out.

    After that, you provide the supporting documents and deposit amount and your HDFC Bank fixed deposit account is in motion.

    Furthermore, for those who already have net banking access with HDFC Bank, they can fill an existing template and transfer funds into their newly created fixed deposit account.

    In fact, the easiest way to open a fixed deposit account with HDFC Bank is to go to the BankBazaar web page where you can compare interest rates and directly book your fixed deposit account.

    Interest Rates Available on the HDFC Bank Fixed Deposit Account

    HDFC Bank offers its customers with one of the most attractive rates of interest for fixed deposits in the market currently.

    A wide spectrum of tenures allows depositors to choose the tenure with the most suitable rate of interest.

    A medium to long-term fixed deposit earns a higher value on the investment than shorter tenures when interest is compounded frequently.

    A resident Indian can expect a rate of interest in the range of 8.75% p.a. that is compounded quarterly.

    An individual can earn around 8.25% p.a. for vested assets for a tenure of 9 months or more Furthermore, if the aforementioned individual invests the same amount of money for a period of 120 days to 6 months, the interest will accumulate at the rate of 8.00%.

    On the other hand, for a 60 or 90-day tenure, the same individual stands to earn returns on the fixed deposit at the rate of 7.75% p.a. with the extra benefit of liquidity. In case, the individual is looking for the maximum available liquidity, then for a tenure of 30 days, the individual will earn interest at a rate of 6.00%.

    Minimum and Maximum Amount Required to Open an HDFC Bank Fixed Deposit Account

    The minimum amount required to open a fixed deposit account with HDFC Bank is ₹ 5,000.

    If the amount you invest in a fixed deposit account with HDFC Bank exceeds ₹ 50,000 you will be requested to produce your PAN card, operative since 1st April 2010.

    Minimum and Maximum Tenure of a HDFC Bank Fixed Deposit Account

    The minimum tenure that a fixed deposit account can be opened with HDFC Bank is 7 days.

    The maximum tenure that a fixed deposit account can be opened with HDFC Bank is 10 years.

    Are funds held in Fixed Deposits with HDFC Bank taxable?

    Tax on interest earned is deducted at source, if applicable, as per the prevailing Income Tax regulations. Else, interest earned will form a part of depositor’s income and tax will have to be paid thereon, depending on the depositor’s tax liability.

    What Online Banking Services Can One Avail with HDFC Bank Fixed Deposits?

    HDFC Bank offers online banking to make fixed deposit transactions hassle-free and cost- effective for its clients. You can do the following online with relation to your HDFC Bank FD-

    • Book your fixed deposit accounts from the comfort of your home.
    • Appoint nominees for your fixed deposits and secure your family’s interests.
    • Avail Sweep-in and Super Saver Facility for fixed deposit accounts held in a single name.
    • View the advice of your fixed deposit account and save time.
    • Liquidate your assets without the inconvenience of travelling to the HDFC Bank branch nearest to you.

    Can a Loan Be Applied for Against a Fixed Deposit Account with HDFC Bank?

    Yes, HDFC Bank offers the overdraft facility for all fixed deposit account holders.

    What are the Benefits Offered to Senior Citizens for Opening a Fixed Deposit Account with HDFC Bank?

    Senior citizens who are residents of India enjoy an increased rate of 0.50% over the existing rate of interest of the fixed deposit schemes.

    In fact, on long tenure fixed deposit accounts, senior citizens residing in India can gather interest up to 9.20% p.a. which is compounded quarterly.

    Does HDFC Bank issue credit cards against fixed deposits?

    Yes, HDFC Bank offers customers credit cards that can be taken against fixed deposits held with the bank. The interest rate charged for this card is 1.99% per month which amounts to 23.88% per annum. This rate is considerably lower than the 3.40% per month or 40.8% per annum charged for other credit cards issued by HDFC.

    Does HDFC offer NRI fixed deposit accounts?

    HSBC offers NRI, NRO and FCNR deposit schemes

    • NRE fixed deposits
      • Interest can be cumulated and received at the time of maturity
      • Principal and interest earned are freely repatriable.
      • Principal and interest are tax free in India
    Interest Rates* for NRE fixed deposits less than Rs. 1 crore are listed below:
    Tenure Interest Rate
    366 days 6.75%
    24 months 6.75%
    36 months 6.50%

    *Interest Rates are subject to change

    • NRO fixed deposits
      • Interest earned is subject to Income Tax deduction at source
      • Nomination facility is available.
      • Interest can be cumulated and received at the time of maturity
    Interest Rates* for NRO fixed deposits less than Rs. 1 crore are listed below:
    Tenure Interest Rate
    7 Days 4.25%
    60 to 89 Days 6.05%
    365 Days 7.00%
    731 Days 6.75%
    37 months to less than 48 months 6.50%

    *Interest Rates are subject to change

    • FCNR deposit schemes
      • Interest can be cumulated and received at the time of maturity.
      • Principal and interest are freely repatriable.
      • Principal and interest are tax free in India.

    Interest Rates* for FCNR fixed deposits are listed below:

    Tenure USD GBP EUR
    1 to 2 years 0.10 0.10 0.10
    2 to 3 years 0.10 0.10 0.10
    3 years 0.10 0.10 -

    *Interest Rates are subject to change

    Does HDFC charge a penalty fee for premature withdrawals?

    The bank allows premature withdrawals subject to a penal rate of 1%, regardless of the deposit amount, date of placement or the date of premature withdrawal.

    News About HDFC Bank Fixed Deposit

    • HDFC Bank’s Profit Rises to 20% in Q3. Huge Demand for FDs adds to the Bank’s Net Profit.

      India's second largest private sector bank, HDFC Bank, gains 20% growth in its net profit, earning Rs.2,794.5 crore in the October-December quarter. There are many factors that have led to this rise in profit. The net interest income of HDFC bank increased 23 % to Rs. 5,699.9 crore this year compared to Rs. 4,634.8 crore in the third quarter of the last financial year. The bank also witnessed an increase in profit by 18% from other sources of income including fees, commissions and forex gains in the quarter ended December 2014. The bank’s net interest margin, an important indicator of profitability, also extended to 4.4% as compared to 4.2% in the third quarter of the last financial year. Also, the bank’s provisions had increased 44% to Rs. 560 crore at the end of this quarter compared to Rs. 388 crore in the last year for the same period. The bank also witnessed a huge demand for fixed deposits in the third quarter, adding to its net profit. However, according to the management of HDFC Bank, this increase was mainly caused by the lower base rate of the last year. They have also revealed that the growth in the retail portfolio has outperformed the growth in the wholesale section in the third quarter. As per Basel- III norms, the bank’s total capital ratio at the end of the December quarter was 15.7%.

      10th March 2015

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  • HDFC Bank Fixed Deposit Reviews

    • HDFC Bank Fixed Deposit
      "Excellent to Excellent"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the HDFC bank and the interest rate is differed according to the offers. All of my deposits will be taken care by my relationship manager. Total tenure is around five years of time and its a kind of small deposits. Net banking services are an excellent one with them.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 26, 2017
    • HDFC Bank Fixed Deposit
      "My FD"
      0.5 5.0/5 "Blown Away!"
      I had invested in FD with HDFC. The benefits what I get here is huge. I never used to visit the branch . I had got a phone call from them immediately they had sent their representative for the same. He helped me in filling the form and I do have online access and I view all the FD information online itself
      Was this review helpful? 2
      , kolkata
      Reviewed on Apr 20, 2017
    • HDFC Bank Fixed Deposit
      "My FD"
      0.5 5.0/5 "Blown Away!"
      Only for a short span of time I had invested in HDFC FD say for example 10 days or 15 days, for safety purpose I invested here and later withdraw dont have to worry about my balance on my ATM. I do this deposit frequently yearly do I it up to 6 to 7 times. online I had opted for this FD
      Was this review helpful? 10
      , bangalore
      Reviewed on Feb 23, 2017
    • HDFC Bank Fixed Deposit
      "Fixed deposit is fine"
      0.5 4.0/5 "Great!"
      HDFC Fixed deposit is fine I had never interacted with their executive everything was done online. It hardly took around 5 minutes for me to open the FD. online I am ale to renew the FD and everything is online . Interest rate is the best 6.75% it varies according to the tenure online is recommendable manual payment option is not recommendable.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jan 06, 2017
    • HDFC Bank Fixed Deposit
      "Grow with hdfc"
      0.5 5.0/5 "Blown Away!"
      Normally, Rate of interest wont play much role for my fixed deposit account with HDFC bank. I can mention trust and loyalty are the major perspective there. There is no minimum lock in period with the HDFC bank for the fixed deposit, so accessibility is smoother one with them. Internet banking and other rendered services are really working fine.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Dec 10, 2016
    • HDFC Bank Fixed Deposit
      "Good saivngs account for customer"
      0.5 5.0/5 "Blown Away!"
      With HDFC Bank we cannot earn good interest when ti comes to FD. Though their lending rates are very high. When it comes to FD the interest rate what they provide is too low. It hardly takes about 2 minutes to open this account. There is no preclosure charges which is applicable and it is very minor too.
      Was this review helpful? 3
      , shimla
      Reviewed on Nov 28, 2016
    • HDFC Bank Fixed Deposit
      "Marvelleous service"
      0.5 5.0/5 "Blown Away!"
      Even FD with HDFC Bank is marvelous. Online I had raised a request for the closure and the funds were transferred to my account immediately. Over and above they did not charge anything for the foreclosure . This FD is one year old I can close it any time after 6 months.
      Was this review helpful? 4
      , new delhi
      Reviewed on Nov 26, 2016
    • HDFC Bank Fixed Deposit
      "Easy FD"
      0.5 5.0/5 "Blown Away!"
      I got my bonus from my company and want to invest the same in Fixed Deposit. Thorough net banking it takes only a minute to open FD for me. It was just awesome saves my time. The online banking service of the hdfc bank is just mindd blowing and time saving. Thanks
      Was this review helpful? 6
      , thane
      Reviewed on Oct 03, 2016
    • HDFC Bank Fixed Deposit
      "Convenient process"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has given their customers the liberty to open a fixed deposit online and even to close it as per the customers convenience. The rate of interest was good. Likewise they are not high on charges. The best is, I do not have to visit the bank for anything.
      Was this review helpful? 10
      , salem
      Reviewed on Oct 01, 2016
    • HDFC Bank Fixed Deposit
      "Lower rate"
      0.5 5.0/5 "Blown Away!"
      As the returns were not that great also I found the interest rate was lower than other banks. I had actually shifted the amount which has got matured to another bank where I get an attractive rate of interest. No other facilitates were offered by HDFC Bank.
      Was this review helpful? 7
      , kolkata
      Reviewed on Aug 27, 2016
    • HDFC Bank Fixed Deposit
      "They really need to scale up "
      0.5 1.0/5 "Really Bad"
      I have invested in FD with HDFC Bank for a period of 5 years. The rate of interest offered was a very meagre 5%. I took the policy in 2005 and the policy has matured but there were some technical difficulties which I was facing and I have not been able to take this out. They had told me they were unable to reset the account with my customer id and password and its yet to be sorted out.
      Was this review helpful? 6
      , mumbai
      Reviewed on Jun 28, 2016
    • HDFC Bank Fixed Deposit
      "A good bank"
      0.5 3.0/5 "Satisfactory"
      I am long time customer of HDFC bank. Further, I hold a fixed deposit with them. The services are good. They are responsive. I could open an account online. It is convenient using this facility. Overall I have not faced hassles and overall it has been very much satisfactory.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 27, 2016
    • HDFC Bank Fixed Deposit
      "Smooth process for long term benefit"
      0.5 5.0/5 "Blown Away!"
      I had recently invested certain amount in Fixed deposit plan with HDFC bank, before one year they provided 8.50% interest rate for the lock in period of three years. The process was very simple within few minutes the account was activated. After completing the tenure, on the same day the amount was credited to my account.
      Was this review helpful? 12
      , ahmedabad
      Reviewed on Jun 08, 2016
    • HDFC Bank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Intered earned on Fixed deposit is 8.5% with HDFC bank before two years for the lock in period of five years. After the completing the tenure the amount is credited to the account automatically. But for activation the plan we have to visit the bank and we get the response at the earliest. The minimum amount to start the plan is Rs.10,000.
      Was this review helpful? 6
      , jamnagar
      Reviewed on Jun 04, 2016
    • HDFC Bank Fixed Deposit
      "Rate of interest is good"
      0.5 5.0/5 "Blown Away!"
      In August 2015 I had booked a Fixed deposit with HDFC bank through their online portal as its very easy to start a deposit without any hassles. I make my payments online and I pay a premium of Rs.15k on a yearly basis. Their rate of interest currently is 8% and I think its very beneficial as a savings or investment.
      Was this review helpful? 2
      , gandhinagar
      Reviewed on Jun 03, 2016
    • HDFC Bank Fixed Deposit
      "Lock the money and reap the less benefits"
      0.5 4.0/5 "Great!"
      I do lot of transaction with HDFC bank and thats why I choose it to open a fixed deposit account with them and the minimum lock in period which is opt for is more than a year of time. Interest rate is not a big deal for me and I can say its a kind of okay. I can open the deposit through online banking services and the user interface is quite simple and understanding too.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jun 02, 2016
    • HDFC Bank Fixed Deposit
      "Good savings option"
      0.5 5.0/5 "Blown Away!"
      I have been maintaining a fixed deposit scheme with HDFC bank since my salary account is with them. I had booked the deposit scheme through their online services for a period of 90 months. I pay around Rs.40k and I pay it online as its quite comfortable. However they have charges of 1% if the deposit is broken in between before the tenure is over. Its serves as a good savings option.
      Was this review helpful? 2
      , kolkata
      Reviewed on May 27, 2016
    • HDFC Bank Fixed Deposit
      "Customer focus bank"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit account is with HDFC bank and the interest rate is a descent one with them and its very simple to go ahead for opening a fixed deposit like it used to take less than a minute. Minimum lock in period is up to the customer wish. Interest rate of HDFC fixed deposit for me is around 9.5%.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2016
    • HDFC Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      HDFC bank is giving 7.50% interest rate for the normal citizen for the FD plan with the minimum lock in period of six month and for senior citizen they are providing 7.85%. The minimum amount to activate is Rs.5000.We can avail the facility thorough online within 2 minutes it got activated.
      Was this review helpful? 7
      , dhule
      Reviewed on May 21, 2016
    • HDFC Bank Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My fixed deposit is with HDFC Bank. The services are good. When ever there is a query I get a response. It is not a hassle to open a fixed deposit account. I could do it online. The rate of interest is satisfactory. There are no charges as well. Overall good.
      Was this review helpful? 7
      , bangalore
      Reviewed on May 17, 2016
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