HDFC Bank has fixed deposit rates ranging from 3.00% to 7.00% for general citizens and 3.50% to 7.75% for senior citizens. You can choose a flexible tenure over a 10 year span. HDFC FD provides steady and guaranteed returns.
There are various options, including the HDFC Bank Tax Saving FD, where you can invest your money and earn higher returns with attractive interests over a selected period.
HDFC Bank FD Account Eligibility
Verify that you meet the eligibility requirements before deciding to invest in an HDFC fixed deposit. The following are eligible to invest in an HDFC FD:
- Must be a resident of India.
- Hindu undivided families.
- Sole proprietorship firms.
- Partnership firms.
- Limited companies.
- Trust accounts
Can a private limited company invest in Fixed Deposit?
The following entities are eligible for Corporate/Company FDs: Companies registered under the Companies Act, 1956, including public limited and private limited companies, as well as unincorporated entities and currently the partnership firms too.
HDFC Bank Domestic FD Rates Below 2 Crores
A good interest rate can provide stability and predictability in your investment, allowing you to plan and budget more effectively. For fixed deposits under Rs. 2 crore, the interest rates that apply to different domestic HDFC FD tenures are shown in the following table.
| FD Tenure | Less than 2 Crore | |
|---|---|---|
| Interest Rate (p.a.) | Senior Citizen Rates (p.a.) | |
| 7 - 14 days | 3.00% | 3.50% |
| 15 - 29 days | 3.00% | 3.50% |
| 30 - 45 days | 3.50% | 4.00% |
| 46 - 60 days | 4.50% | 5.00% |
| 61 - 89 days | 4.50% | 5.00% |
| 90 days < = 6 months | 4.50% | 5.00% |
| 6 months 1 day < = 9 months | 4.50% | 5.00% |
| 9 months 1 day to < 1 year | 6.00% | 6.50% |
| 1 year to < 15 months | 6.60% | 7.10% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to < 21 months | 7.00% | 7.50% |
| 21 months - 2 years | 7.00% | 7.50% |
| 2 years 1 day to < 2 years 11 months | 7.00% | 7.50% |
| 2 years 11 Months - 35 months | 7.15% | 7.65% |
| 2 years 11 Months 1 day < = 3 year | 7.00% | 7.50% |
| 3 years 1 day to < 4 Years 7 months | 7.00% | 7.50% |
| 4 years 7 months - 55 months | 7.20% | 7.70% |
| 4 years 7 months 1 day < = 5 years | 7.00% | 7.50% |
| 5 years 1 day - 10 years | 7.00% | 7.75% |
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*Note: There may be changes to the interest rates. For up-to-date information, please visit the official HDFC Bank website.HDFC Bank Domestic Fixed Deposit Rates Above 2 Crores
By finding a good interest rate, you can ensure that your FD is competitive with other investment options, maximising your returns compared to alternative investments. The below table shows the interest rates for HDFC FD along with their corresponding tenures for deposits exceeding Rs. 2 crore:
| FD Tenure | 2 Crores above to less than 5 Crores | |
|---|---|---|
| Interest Rate (p.a.) | Senior Citizen Rates (p.a.) | |
| 7 - 14 days | 4.75% | 5.25% |
| 15 - 29 days | 4.75% | 5.25% |
| 30 - 45 days | 5.50% | 6.00% |
| 46 - 60 days | 5.75% | 6.25% |
| 61 - 89 days | 6.00% | 6.50% |
| 90 days < = 6 months | 6.50% | 7.00% |
| 6 months 1 day < = 9 months | 6.65% | 7.15% |
| 9 months 1 day to < 1 year | 6.75% | 7.25% |
| 1 year to < 15 months | 7.25% | 7.75% |
| 15 months to < 18 months | 7.05% | 7.55% |
| 18 months to < 21 months | 7.05% | 7.55% |
| 21 months to 2 years | 7.05% | 7.55% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 7.00% | 7.75% |
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*Note: Interest rates may vary and are subject to change. For the most up-to-date information, kindly refer to the official HDFC Bank website.HDFC Bank NRE Fixed Deposit Interest Rates
HDFC Bank's NRE Fixed Deposit is designed for Non-Resident Indians (NRIs), denominated in Indian Rupees but maintained abroad. The table below shows HDFC NRE Fixed Deposit interest rates can result in higher returns on your investment against tenures.
| HDFC NRE FD Tenure | Interest Rates (p.a.) |
|---|---|
| 1 year to < 15 months | 6.60% |
| 15 months to < 18 months | 7.10% |
| 18 months to < 21 months | 7.00% |
| 21 months - 2 years | 7.00% |
| 2 Years 1 day to < 2 Year 11 Months | 7.00% |
| 2 Years 11 Months - 35 Months | 7.15% |
| 2 Years 11 Months 1 day <= 3 Year | 7.00% |
| 3 Years 1 day to < 4 Years 7 Months | 7.00% |
| 4 Year 7 Months - 55 months | 7.20% |
| 4 Year 7 Months 1 day <=5 Years | 7.00% |
| 5 Years 1 day to 10 Years | 7.00% |
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*Note: Interest rates are subject to change. Please refer to the official HDFC Bank website for the latest information.Need to know your HDFC Bank FD interest rates and maturity amount? Before investing, it's smart to get an idea of your potential gains. Just use the HDFC Bank FD Calculator to figure out your potential returns easily.
Features & Benefits of HDFC Bank Fixed Deposit
HDFC Bank Fixed Deposits offer attractive features and benefits, making it easy for customers to save and grow their extra money. Here are some major highlights of HDFC Bank FDs.
- Exclusive Benefits for Seniors: Elderly customers enjoy a special benefit with HDFC Bank - an extra 0.50% interest on their fixed deposits. This shows HDFC Bank's dedication to offering personalised financial solutions for seniors, ensuring their financial security.
- Low Minimum Deposit: HDFC Bank has a minimum deposit requirement of ₹5000 for Fixed Deposit (FD) accounts. This makes it a suitable choice for a wide range of investors.
- Nomination Facility: HDFC Bank offers peace of mind with a nomination facility, allowing depositors to appoint nominees for a smooth asset transfer in unforeseen circumstances.
- High Returns with HDFC FD Rates: Choosing HDFC Bank Fixed Deposits guarantees security. The structured rates aim to maximize returns and ensure a stable and rewarding investment.
- Super Saver Features: The Sweep-in feature lets customers make transactions, even with a low account balance. Any needed extra funds are taken from the Fixed Deposit.
- Compounding Wealth Through Reinvestment: HDFC Bank helps you grow your money by reinvesting both the initial amount and the interest earned, using the power of compounding. This special feature makes HDFC FDs a smart and rewarding investment.
Documents Required To Open HDFC FD
You'll need the following documents to open an FD with HDFC Bank:
- Recent photograph
- KYC documents
Individual & Company proofs:
- PAN card
- Aadhaar Card
- Passport
- Driving Licence
- Voter’s ID
Partnership proofs:
- Incorporating certificate
- Authorised signatory's ID proofs
- Partnership Deed can closely serve as proof of partnership
- Authorised signatories’ signatures
PHindu Undivided Family:
- Self-attested PAN card
- HUF declaration deed
- HUF’s Bank Statement
Premature Closure of HDFC Bank Fixed Deposit
If you decide to close your Fixed Deposit early (Inclusive of sweep-in and partial closures), the interest rate you get will be 1.00% less than the agreed-upon rate or the rate for the time your money has been with the bank—whichever is lower.
This rule applies to most cases, except for deposits lasting 7-14 days and those equal to or more than ₹25 crore, where different terms may apply.
Types of HDFC Bank Fixed Deposits
These different HDFC fixed deposit schemes are designed to meet a range of financial needs, providing distinct features and advantages suited to the preferences of investors.
Regular Fixed Deposits
- Easy investment with high flexibility and security.
- Senior citizens enjoy higher interest rates.
- Open deposits online via NetBanking and choose monthly or quarterly payouts.
HDFC Bank HealthCover FD
- Unique combination of fixed deposit benefits and hospital cash coverage.
- Minimum deposit of Rs.5 lakh, with flexible tenures from 1 to 10 years.
- Instant overdraft of up to 90% of the FD amount.
- Enjoy the same interest rates as regular fixed deposits.
Five-Year Tax Saving Fixed Deposit
- Minimum deposit of Rs.100 with multiples of Rs.100.
- Maximum deposit of Rs.1.5 lakh per financial year.
- 5-year lock-in period for tax-saving benefits.
- Joint deposits offer tax benefits under Section 80C.
- Quarterly TDS deduction for interest over Rs.40,000 (Rs.50,000 for seniors).
- Quarterly TDS certificate provided.
FCNR Deposits
- Open fixed deposits in foreign currencies - USD, GBP, EUR, JPY, AUD, CAD.
- Tax exemption on the deposit amount.
- Joint deposits allowed with NRIs.
- Nomination facility available.
Overdraft Against Fixed Deposits
- Avail up to 90% overdraft on HDFC fixed deposit.
- Minimum deposit of Rs.25,000 for a tenure of 6 months and 1 day.
- Overdraft is available on single-name deposits via NetBanking.
Non-Withdrawable Deposits
- Premature or partial withdrawal is not allowed for these fixed deposits.
- Option for quarterly or monthly interest payouts.
- Explore the diverse features and benefits of HDFC Fixed Deposits to find the perfect fit for your financial goals.
Frequently Asked Questions
The current FD rates of HDFC Bank range from 3.00% to 6.50% for general citizens and 4.00% to 7.50% for senior citizens.
For updates on HDFC Bank's increasing FD rates, refer to the latest announcements on the official HDFC Bank website or contact the bank directly.
You can choose your preferred HDFC FD tenure between 7 days to 10 years.
To open an FD account in HDFC Bank, required documents typically include identity proof, address proof, and passport-sized photographs. Check the above article for further details.
Additional deposits in your HDFC Bank FD account may be subject to the bank's policies; check with the bank for specific details.
Yes, HDFC Bank usually offers an additional 0.50% interest + an extra 0.25% premium on Senior Citizen Care FD for less than 5 crores for 5 years.
Changing the maturity period of an HDFC FD may be subject to terms and conditions; enquire with the bank for specific details.
The minimum amount required for opening an HDFC Bank fixed deposit is ₹5000 INR.
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