• HDFC Super Saver Deposits

    Sometimes it may happen that even though a person has deposited money in a fixed deposit, they still need access to the money without having to discontinuing the entire FD. To serve this purpose HDFC offers its customers a Super Saver Deposit which is a fixed deposit that is linked to a savings account that allows depositors to withdraw money from the FD through the savings account. This account also allows depositors to access facilities like overdraft and sweep in.

    Eligibility Criteria for applying for HDFC Super Saver FD

    These deposits are available to all individuals who are residents of India, Hindu Unified Families and companies.

    Features of the Super Saver FD by HDFC

    Account Type Single and Joint
    Amount

    Min: A minimum amount of Rs. 25,000 is the bare minimum that can be invested in this account.

    Max: There is no maximum limit announced by the bank for this deposit.
    Method of operating

    Sweep in: The sweep in facility allows customers to complete financial transactions even if they don’t have enough balance in their account. The extra amount is withdrawn from the FD and paid. (Example, you issue a cheque for Rs. 2,000 when there is only Rs. 500 in your savings account. The bank will honour the cheque and pay the balance of Rs. 1,500 from the FD)

    Overdraft: With the overdraft facility customers will be able to withdraw money from the fixed deposit through the savings account.
    Withdrawal This deposit will allow customers to withdraw as much as 75% of the amount deposited.
    Rate of Interest

    Min: The minimum rate of interest that can be earned is 3.5% per annum

    Max: The maximum rate of interest that can be earned is 7.9% per annum
    Tenure

    Min: The minimum tenure for this deposit is 6 months and 1 day.

    Max: The maximum tenure for this deposit can be 10 years
    TDS Tax will be deducted at source if the interest earned crosses Rs. 10,000. If you are not eligible to pay taxes, make sure you provide the bank with forms 15G or 15H to inform them of the same.
    Loan against the scheme While there is no direct loan that can be taken against such a

    HDFC Super Saver Interest Rates

    The interest rates applicable to these deposits is the same as that prescribed for regular term deposits which are:

    Tenure Interest rates as of Dec 2015 (per annum)
    6 months 1 day to 9 months 15 days 7.25%
    9 months 16 days to less than 1 year 7.5%
    1 Year 7.9%
    1 year 1 day to 5 years 7.65%
    5 Years 1 Day to 8 Years 7.75%
    8 Years 1 Day to 10 Years 7.5%

    If the primary account holder for these deposits is a senior citizen that he or she is eligible to get an interest rate which is 0.5% higher. It is also worth noting that the interest rates keep changing from time to time so it’s always best to investigate them thoroughly before investing in the FD.

    HDFC Super Saver FAQ

    1. Can this deposit be opened online?

      2. Yes, it is possible to open this account online through the bank's website.

    2. Can you have overdraft and sweep in facility active at the same time on the fixed deposit?

      3. No. both facilities cannot be active together on the fixed deposit. But they can be active on the savings account.

    3. Who all can get an ATM card for this account?

      4. If it is a joint account then 2 of the holders of the account can get ATM cards but no more.

    4. Is it possible for a senior citizen and a non-senior citizen to open a joint senior citizen account?

      5. Yes but in such a case the senior citizen will have to be the primary account holder.

    5. Can any Indian who is a senior citizen open the senior citizen account?

      6. No. Only senior citizens who are resident Indians can open this account.

      *All amounts, tenures, repayment requirements, interest rates, charges, fees, ceilings, requirements, criteria, exclusions, terms and conditions are as of December, 2015. HDFC reserves the right to modify, replace, or add to or subtract from any of the above, in any way, at any time, and at its own discretion.

    Useful Information on HDFC Fixed Deposit

    Other Fixed Deposit Schemes Offered by HDFC

    Special FD Schemes

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    HDFC Super Saver Deposits Reviews

    Write a Review
    • HDFC Bank Fixed Deposit
      "Good to go with HDFC"
      0.5 5.0/5 "Blown Away!"
      I have one FD with HDFC, I deposited Rs. 1 lakh, I was opt for 45 days of tenure. Finally I got 6.25% of interest for 45 days. It won't cover the tax, if we need tax benefits we should go for five years term. I can track the details through netbanking, on the maturity date the amount credits automatically in the account. Even the notification can customized.
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 27, 2019
    • HDFC Bank
      HDFC Bank Fixed Deposit
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the savings account with HDFC BANK since from last 5 years, the reason for taking the fixed deposit was they are giving good rate of interest. The application is easy to use with the bank and to check the status of the account.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Jul 20, 2019
    • HDFC Bank Fixed Deposit
      "GOOD"
      0.5 4.0/5 "Great!"
      To open the account with HDFC BANK is good and simple which is easy also quick process. They are providing with the good rate of interest with the bank. The online banking i am using it is simple and easy also it is good to use. The overall service is good.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jul 17, 2019
    • HDFC Bank Fixed Deposit
      "Its satisfactory"
      0.5 4.0/5 "Great!"
      HDFC fixed deposit interest rate is very competitive as like other banks. I have activated the tenure period of one year. The online banking is convenient to manage my all investment, I can access all the information through netbanking without visiting to the bank.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jun 30, 2019
    • HDFC Bank Fixed Deposit
      "Userfriendly Experience"
      0.5 4.0/5 "Great!"
      HDFC Bank FD is providing 7% of interest per annum, I can invest maximum of Rs.1.5 lakhs for under tax coverage. The tenure period get extend automatically after the maturity, for the tax saving FD there is five years of limit . I can deposit and withdraw the liquidity through online.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 29, 2019
    • HDFC Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I done a Fixed Deposit account with HDFC BANK before 2 years and the rate of interest was good. I have withdrawn the money and its neither loss or nor profit. My money is safer and return is very low. There was no locking period and the executive is supportive.
      Was this review helpful? 4
      , mumbai
      Reviewed on May 30, 2019
    • HDFC Bank Fixed Deposit
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      I had fixed deposit in HDFC for the amount of Rs.10,000 then I withdrawn in two months I got some interest. I went to the bank for account opening within few minutes they helped to open the account. There is no charges for pre matured liquidity fund.
      Was this review helpful? 5
      , hyderabad
      Reviewed on May 25, 2019
    • HDFC Bank Fixed Deposit
      "Good Returns from HDFC"
      0.5 4.0/5 "Great!"
      As per the guidance , I taken a Fixed Deposit in HDFC . This is one year plan and worth enough to take this plan in HDFC comparing with the interest rate . I am really happy with the better returns for my FD . I thought of continuing after one year also .
      Was this review helpful? 7
      , hyderabad
      Reviewed on May 13, 2019
    • HDFC Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I am using HDFC Bank Fixed Deposit for the past 6 years ,using net banking is also good ,customer service is good .flexy deposit ,whenever required can take the amount and can deposit it later .There was no issues faced so far .The Banking service is good to me so far.I am satisifed with the banking service.
      Was this review helpful? 5
      , chennai
      Reviewed on May 13, 2019
    • HDFC Bank Fixed Deposit
      "Very much convenient"
      0.5 5.0/5 "Blown Away!"
      My all time favorite is Fixed Deposit which is secured and I can count the returns on evey month which am most comfortable. My family all have them are having in HDFC account, the manager is very friendly and rendering the service. Am doing investment since 2011 and their services are more good than the profit.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 12, 2019
    • HDFC Bank Fixed Deposit
      "Userfriendly FD experience"
      0.5 4.0/5 "Great!"
      I do have fixed deposit with HDFC, I opened it through online there is no locking period, while opening I have specified the maturity date. Minimum deposit start from Rs. 5000, they are providing 7.3% per annum. Its safe and secured to invest money with HDFC.
      Was this review helpful? 3
      , bangalore
      Reviewed on May 03, 2019
    • HDFC Bank Fixed Deposit
      "Flexible Fixed deposit"
      0.5 5.0/5 "Blown Away!"
      HDFC Is more convenient to open and close the FD through online, they give better interest as per the RBI around 6.8%. The online portal is easy to track the fixed deposit details, the help desk is good to handle the queries. I am very much happy with HDFC. I can take the tenure from three months to max tenure.
      Was this review helpful? 1
      , delhi
      Reviewed on Apr 29, 2019
    • HDFC Bank Fixed Deposit
      "Satisfied with the service"
      0.5 5.0/5 "Blown Away!"
      I have a fixed deposit account with HDFC Bank and the banking process is good. I could open this account online and the account has been beneficial too. I earn a good interest. I can also close this account without having to go in person to the bank. It can be done online too.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 26, 2019
    • HDFC Bank Fixed Deposit
      "Good Service I am getting"
      0.5 3.5/5 "Pretty good"
      I normal deposit a cash of either 10 or 15 k in my fixed deposit because I don't have much surplus cash . Nowadays just for the name sake depositing my money in FD . Though they provide very less returns but the guarantee of getting the money back is sure .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 23, 2019
    • HDFC Bank Fixed Deposit
      "Excellent services"
      0.5 4.5/5 "Excellent!"
      The best bank for a fixed deposit is HDFC Bank. The customer support is good and they are responsive as well. They offer an interest like other bank on my savings. The best is there is no lock in period so I close this account when ever I want too and I can do it with just a click away online. Where as other banks they would ask me to go to the home branch.
      Was this review helpful? 4
      , new delhi
      Reviewed on Apr 16, 2019
    • HDFC Bank Fixed Deposit
      "Its Good"
      0.5 4.0/5 "Great!"
      I went to the bank for the FD process, the service was good they helped to open the account on the same day. I took the fixed deposit for the period of three years and I deposited Rs. 1 lakh, I would get the amount of Rs. 1.35 lakh. I do have HDFC online access .
      Was this review helpful? 4
      , hyderabad
      Reviewed on Apr 03, 2019
    • HDFC Bank Fixed Deposit
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I have a fixed deposit account with HDFC Bank and the banking process is good. I could open this account online and the account has been beneficial too. I earn a good interest. I can also close this account without having to go in person to the bank. It can be done online too.
      Was this review helpful? 4
      , bangalore
      Reviewed on Mar 29, 2019
    • HDFC Bank Fixed Deposit
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had just started this investment couple of months back and the services which they had provided has been good. I had started this investment through one of the brokerage nearby. Their customer support has been helpful and has been guiding me through out and the interest rate which they are offering has also been quite good.
      Was this review helpful? 5
      , new delhi
      Reviewed on Mar 03, 2019
    • HDFC Bank Fixed Deposit
      "Good"
      0.5 4.5/5 "Excellent!"
      I have a fixed deposit with HDFC which was started 2 years back. I have chosen it mainly for the interest rate and also its convenient to open this account online also am a salary account holder. The locking period is 5 years. I never faced issues with the customer service. They need an improvement on interest rate because I think it could be better.
      Was this review helpful? 7
      , bangalore
      Reviewed on Feb 01, 2019
    • HDFC Bank Fixed Deposit
      "Good investment"
      0.5 5.0/5 "Blown Away!"
      I have invested in the fixed deposit for the amount of Rs. 1 lakh for 10 years, the interest rate is around 9% per annum. I went to the bank and opened the FD, there is no charges for pre matured withdrawal. The executive explained each benefits of the FD.
      Was this review helpful? 9
      , bangalore
      Reviewed on Jan 24, 2019
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