Table of Contents
- 1 HDFC FD Interest Rates for Less than Rs.2 Crores
- 2 HDFC FD Interest Rates, Greater Than Or Equal To Rs.2 Crore To Less Than Rs.5 Crore
- 3 HDFC FD Interest Rates, Greater Than Or Equal To Rs.5 Crore – Domestic/NRO/NRE
- 4 HDFC BANK FD Deposit Rates – FCNR
- 5 HDFC BANK FD Deposit Rates – RFC
- 6 HDFC FD Interest Rates, Greater Than Or Equal To 2 Crore – Domestic/NRO/NRE
- 7 Features of HDFC Bank Fixed Deposit
- 8 Eligibility to Open HDFC Bank FD
- 9 Documents Required to Open HDFC Bank FD
- 10 HDFC Bank Fixed Deposit Premature Withdrawal
- 11 Loan against HDFC Fixed Deposit
- 12 Tax-Saving on HDFC Fixed Deposit
- 13 Tax Implications on HDFC Bank Fixed Deposit
- 14 Types of HDFC Fixed Deposit
- 15 HDFC Fixed Deposit FAQs
HDFC Bank offers attractive interest rates on various HDFC Bank FD schemes. HDFC Bank FD Rate tenure ranges from 7 days to 10 years.
HDFC FD Interest Rates vary from 3% to 7% p.a.
HDFC offers an additional 0.5 per annum interest to senior citizen depositors.
HDFC FD Interest Rates for Less than Rs.2 Crores
Please see table no.1 for hdfc bank FD rate of interest for Domestic and NRO. See table no.2 for NRE.
| 1. FOR DOMESTIC AND NRO | ||
|---|---|---|
| HDFC FD Interest Rates 2022 (p.a.) (w.e.f 11 October, 2022) | ||
| Tenure | Public | Senior Citizen |
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 60 days | 3.50% | 4.00% |
| 61 days to 89 days | 4.00% | 4.50% |
| 90 days to 6 months | 4.25% | 4.75% |
| 6 months 1 day to 9 months | 5.00% | 5.50% |
| 9 months 1 day to less than 1 Year | 5.00% | 5.50% |
| 1 Year | 5.70% | 6.20% |
| 1 year 1 day to 2 years | 5.70% | 6.20% |
| 2 years 1 day to 3 years | 5.80% | 6.30% |
| 3 years 1 day to 5 years | 6.10% | 6.60% |
| 5 years 1 day to 10 years | 6.00% | 6.75% |
| NOTE: Senior citizens rates are not applicable to NRIs. | ||
| 2. FOR NRE | |
|---|---|
| HDFC FD Interest Rates (p.a.) (w.e.f 11 October, 2022) | |
| Tenure | NRI Interest Rate |
| 1 Year | 5.70% |
| 1 year 1 day – 2 years | 5.70% |
| 2 years 1 day – 3 years | 5.80% |
| 3 years 1 day- 5 years | 6.10% |
| 5 years 1 day – 10 years | 6.00% |
HDFC FD Interest Rates, Greater Than Or Equal To Rs.2 Crore To Less Than Rs.5 Crore
Please see table no.1 for hdfc bank FD rate of interest for Domestic and NRO. See table no.2 for NRE.
| 1. DOMESTIC AND NRO | ||
|---|---|---|
| HDFC FD Interest Rates (p.a.) (w.e.f 11 October, 2022) | ||
| Tenure | Public | Senior Citizen |
| 7 days to 14 days | 3.75% | 4.25% |
| 15 days to 29 days | 3.75% | 4.25% |
| 30 days to 45 days | 4.75% | 5.25% |
| 46 days to 60 days | 5.00% | 5.50% |
| 61 days to 89 days | 5.25% | 5.75% |
| 90 days to less than or equal to 6 months | 5.50% | 6.00% |
| 6 months 1 day to less than or equal to 9 months | 5.75% | 6.25% |
| 9 months 1 day to less than 1 Year | 6.00% | 6.50% |
| 1 Year to less than 15 months | 6.50% | 7.00% |
| 15 months to less than 18 months | 6.50% | 7.00% |
| 18 months to less than 21 months | 6.50% | 7.00% |
| 21 months to 2 year | 6.50% | 7.00% |
| 2 years 1 day to 3 year | 6.50% | 7.00% |
| 3 years 1 day to 5 year | 6.25% | 6.75% |
| 5 years 1 day to 10 year | 6.25% | 7.00% |
| NOTE: Senior citizens rates are not applicable to NRIs. | ||
| 2. FOR NRE | |
|---|---|
| HDFC FD Interest Rates (p.a.) (w.e.f 11 October, 2022) | |
| Tenure | NRI Interest Rate |
| 1 Year to less than 15 months | 6.50% |
| 15 months to less than 18 months | 6.50% |
| 18 months to less than 21 months | 6.50% |
| 21 months to 2 year | 6.50% |
| 2 years 1 day to 3 year | 6.50% |
| 3 years 1 day- 5 years | 6.25% |
| 5 years 1 day – 10 years | 6.25% |
HDFC FD Interest Rates, Greater Than Or Equal To Rs.5 Crore – Domestic/NRO/NRE
HDFC BANK FD Deposit Rates – FCNR
| HDFC FD Interest Rates – FCNR (p.a.) (w.e.f 1 October 2022) | ||||||
|---|---|---|---|---|---|---|
| Tenure | GBP | USD | EURO | JPY | AUD | CAD |
| 1 year | 4.30% | 4.15% | 1.40% | 0.01% | 3.35% | 3.40% |
| 1 year 1 day to less than 2 year | N/A | 4.15% | N/A | N/A | 3.35% | 3.40% |
| 2 years to less than 3 years | N/A | 3.75% | N/A | N/A | 3.75% | 3.50% |
| 3 years to less than 4 years | N/A | 3.60% | N/A | N/A | 3.80% | 3.45% |
| 4 years to less than 5 years | N/A | 3.35% | N/A | N/A | 4.00% | 3.35% |
| 5 year | N/A | 3.30% | N/A | N/A | 4.05% | 3.30% |
HDFC BANK FD Deposit Rates – RFC
| HDFC FD Interest Rates – RFC (p.a.) | |||||
|---|---|---|---|---|---|
| Tenure | GBP | USD | EURO | JPY | Effective on |
| Less than 29 days | 0.01% | 0.01% | 0.01% | 0.01% | December 01, 2018 |
| 30 days to 3 months | 0.01% | 0.01% | 0.01% | 0.01% | December 01, 2018 |
| 3 months 1 day to 6 months | 0.01% | 0.01% | 0.01% | 0.01% | December 01, 2018 |
| 6 months 1 day to less than 1 year | 0.01% | 0.01% | 0.01% | 0.01% | December 01, 2018 |
| 1 year to less than 2 years | 0.01% | 4.15% | 0.01% | 0.01% | October 01, 2022 |
| 2 years to less than 3 years | 0.01% | 3.75% | 0.01% | 0.01% | October 01, 2022 |
| 3 year | 0.01% | 3.60% | 0.01% | 0.01% | October 01, 2022 |
HDFC FD Interest Rates, Greater Than Or Equal To 2 Crore – Domestic/NRO/NRE
Features of HDFC Bank Fixed Deposit
- Guaranteed Returns: At the end of the maturity of a Fixed Deposit, you will get guaranteed returns.
- Interest Rate: Senior Citizens get an additional rate of interest of 0.50%.
- Minimum Amount: The minimum amount required to open an HDFC fixed deposit is Rs.5000.
- Flexible Tenure: You can invest your money for a minimum of 1 year to a maximum of 10 years.
- Nomination: A nomination facility is also available.
- Overdraft: Loan facility of up to 90% value of the Fixed Deposit.
Eligibility to Open HDFC Bank FD
- Residents
- Hindu undivided families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
Documents Required to Open HDFC Bank FD
Below is the list of documents required to open an HDFC Bank fixed deposit.
- Photograph
- KYC documents
Documents required for an individual and company:
- Aadhar card
- PAN card
- Passport
- Voter’s ID
- Driving License
Documents required for a partnership firm:
- Incorporating certificate
- Authorized signatories’ ID proofs
- Partnership Deed
- Authorized signatories’ signatures
Documents required for a Hindu Undivided Family:
- PAN card
- HUF declaration deed
- Bank Statement
HDFC Bank Fixed Deposit Premature Withdrawal
In case, you have some unavoidable circumstances, you can break your fixed deposit. A penalty is levied by the bank on premature withdrawal.
Penalty:
The interest rate for premature closure of fixed deposit will be lowered of:
- The rate for the original tenure for which the deposit has been booked OR
- The base rate applicable for the tenure for which the deposit has been in force with the Bank
Loan against HDFC Fixed Deposit
You can fulfill your financial needs like urgent cash requirements, house renovation, etc by taking a loan against your existing HDFC Fixed Deposit.
Features:
- Overdraft: Overdraft facility up to 90% value of the fixed deposit.
- Minimum Amount: A minimum FD of Rs.25,000 is required to avail of an overdraft facility.
- Tenure: Minimum tenure of 6 months and 1 day is required to avail of this facility.
Eligibility:
- Resident Individuals
- Hindu Undivided families
- Private & Public limited companies
Fee and Charges:
- For the amount withdrawn, the applicable rate is only 2% above the fixed deposit rate for the period that the money is used.
Tax-Saving on HDFC Fixed Deposit
Fixed Deposit is considered a safe investment option with a tax-saving facility.
Under Section 80C of the Income Tax Act of 1961, depositors have an option to save tax on their FD in a financial year.
Depositors can avail of tax benefits up to 1.50 lakh per annum under section 80C of the Income Tax Act.
Tax Implications on HDFC Bank Fixed Deposit
When you deposit your money in HDFC fixed deposit, you earn interest on your invested money.
But when your interest earnings exceed Rs.40,000 (Rs.50,000 for senior citizens) in a financial year then TDS is deducted.
For Resident Individuals and Hindu Undivided Families, a 10% tax is applicable.
Types of HDFC Fixed Deposit
1. HDFC Regular Fixed Deposit
- You can earn attractive interest rates with HDFC fixed deposits.
- Senior citizens get a higher rate of interest on fixed deposits.
- You can start HDFC Regular Fixed Deposit with a minimum amount of Rs.5000.
- Earn compound interest after investing your earned interest on HDFC fixed deposit.
2. HDFC Bank SuperCover FD
With HDFC Bank SuperCover FD, customers get an insurance cover equivalent to their FD amount with interest on their Fixed Deposit.
Features:
- Minimum FD Amount: You can deposit a minimum fixed deposit of Rs.2 lakh for this FD scheme.
- Maximum FD Amount: You can deposit a maximum of Rs.10 lakh for HDFC Bank SuperCover Fixed Deposit.
- Tenure: Tenure ranges from 1 year to 10 years.
- Interest: Interest payable to the customer is the same as of the Regular Fixed Deposit.
- Payouts: You can earn interest on your fixed deposit with monthly and quarterly payouts.
- Overdraft: Customers can get overdraft up to the value of 90% of the Fixed Deposit.
Eligibility:
- Resident individual
- Your age should be in between 18 to 50 years.
3. HDFC Bank HealthCover FD
With HDFC Bank HealthCover FD, customers get insurance coverage with interest on their Fixed Deposit.
The health insurance will be valid for 1 year.
Features:
- Minimum FD Amount: You can deposit a minimum fixed deposit of Rs.5 lakh.
- Maximum FD Amount: You can deposit a maximum of Rs.1.9 crore for HDFC Bank HealthCover Fixed Deposit.
- Tenure: Tenure ranges from 1 year to 10 years.
- Interest: Interest payable to the customer is the same as of the Regular Fixed Deposit.
- Payouts: You can earn interest on your fixed deposit with monthly and quarterly payouts.
Eligibility:
- Resident individual
- Your age should be in between 18 to 59 years.
4. HDFC Five Year Tax Saving Fixed Deposit
This scheme is for the purpose of Tax Savings, you can save on tax in a financial year under section 80C of the Income Tax Act.
Features:
- Minimum FD Amount: You can deposit a minimum fixed deposit of Rs.100 and thereafter multiply by Rs.100.
- Maximum FD Amount: You can deposit a maximum of Rs.1.5 lakh per annum for HDFC Bank Tax Saving Fixed Deposit.
- Tenure: There is a lock-in period of 5 years.
- Interest: Interest payable to the customer is the same as of the Regular Fixed Deposit.
- Payouts: You can earn interest on your fixed deposit with monthly and quarterly payouts.
Eligibility:
- Resident individual
- Hindu Undivided Family
5. HDFC FCNR Fixed Deposit
Customers can earn interest on their foreign income after opening FCNR Fixed Deposit.
You can deposit any one of the 6 currencies – US Dollars, Pounds Sterling, Euro, Japanese Yen, Australian Dollars, and Canadian Dollars.
Features:
- Repatriation: You can repatriate all your principal and interest in full.
- Tax: Tax exemption on the entire deposit.
- Joint Account: Customers can open a joint account with other NRIs.
- Nomination: A nomination facility is also available on FCNR Fixed Deposit.
- Tenure: FD tenure ranges from a minimum of 1 year to a maximum of 5 years.
- Minimum FD Amount: USD 1,000, GBP 2,500, Euro 2,500, JPY 7,50,000, AUD 1,000, CAD 1,000.
Eligibility:
- NRI of Indian Origin
6. HDFC Overdraft Against Fixed Deposit
You can fulfill your financial needs without breaking your FD.
Features:
- Overdraft: Overdraft facility up to 90% value of the fixed deposit.
- Minimum Amount: A minimum FD of Rs.25,000 is required to avail of an overdraft facility.
- Tenure: Minimum tenure of 6 months and 1 day is required to avail of this facility.
Eligibility:
- Resident Individuals
- Hindu Undivided families
- Private & Public limited companies
7. HDFC Non-withdrawal Fixed Deposit
In HDFC Non-withdrawal Fixed Deposit, you invest your money for a fixed period of time.
This FD gives you better returns than a normal FD.
Features:
- Minimum FD Amount: You can deposit a minimum fixed deposit of Rs.2 Crore.
- Tenure: Tenure ranges from 1 year to 10 years.
- Payouts: You can earn interest on your fixed deposit with monthly and quarterly payouts.
- Overdraft: Customers can get overdraft up to the value of 90% of the Fixed Deposit.
Eligibility:
- Residents
- Hindu undivided families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
HDFC Fixed Deposit FAQs
Q: What is the minimum deposit needed to open an HDFC Bank FD account?
Ans: The minimum amount to open an HDFC fixed deposit is Rs.5000.
Q: How can I open an HDFC Bank Fixed Deposit account?
Ans: You can open an HDFC Bank Fixed Deposit through net banking, online, or by visiting the bank branch.
Q: What is current FD rates of HDFC?
Ans: Current HDFC FD rates ranges from 3% to 7%.
Q: Is HDFC Fixed Deposit safe?
Ans: CRISIL has given a AAA rating to HDFC ltd, which is considered very safe for investment.
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Hello friends, I am Jony Baku and a resident of Haryana, India. I took my first step into the blogging world in 2019 and since then I have been trying to contribute in this field. I love writing and reading articles, that's why I try hard to write my articles as best as possible.
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