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HDFC FD Interest Rates

3.25% - 5.75%
Interest rates
3 months - 10 years
Time Period
₹5000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About HDFC Bank

HDFC Bank Limited is one of the largest private sector banks in India. It is headquartered in Mumbai, Maharashtra, and is also the third-largest company by market capitalization on the Indian stock exchanges. HDFC provides a plethora of products and services including wholesale banking, retail banking, different types of loans and credit cards

HDFC bank provides its customers with multiple Fixed Deposit options wherein they can park their surplus savings for a fixed tenure and enjoy substantial returns on it. The depositor is required to deposit the once at the time of opening the account with the bank. The money will be secured for the tenure chosen and interest will be provided accordingly. Additional money cannot be deposited during the tenure and no funds can be withdrawn as well.

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Started On1993
Head QuartersMumbai
CRISIL RatingNA
CEOSashidhar Jagdishan
Listed on exchange asHDFC Bank Ltd.
ICRA RatingNA

HDFC Bank FD Rates 2022

TenureRegular customersSenior citizens

Features and Benefits of HDFC Fixed Deposit

  • Senior citizens get an additional interest rate of 0.50% p.a. over regular rates
  • The minimum deposit required to open an FD account with HDFC bank is Rs. 5000
  • Nomination facility is provided by the bank
  • The depositor gets attractive HDFC FD rates with an FD account
  • Sweep in and super saver facility is available on the FD account
  • The depositor can earn compound interest by reinvesting your principal along with the interest amount earned on the FD

Types of HDFC Bank FD Schemes

Regular Fixed Deposits

  • This scheme allows the depositor to save money by depositing into the FD account and earn guaranteed interest on it over a certain period of time
  • Nomination facility is available
  • Attractive interest rates
  • Sweep in and super saver facility available
  • Up to 90% loan facility is available on your deposit
  • Resident Indians, HUFs, organizations, sole proprietorship firms, limited companies, and trusts are eligible

5-Year Tax Saving Fixed Deposit

  • As the name suggests, this deposit is solely meant for tax savings and you can save on the tax under Section 80C of the Income Tax Act.
  • In the case of joint deposits, only the first holder is eligible for tax benefits under 80C.
  • Nomination facility is available.
  • Interest on deposits is compounded quarterly.
  • The depositor can opt for a monthly and quarterly payout.
  • Can be opened through net banking.
  • Resident Indians and HUFs of 18 years or more than that.

HDFC Foreign Currency Non-Resident (FCNR) Fixed Deposit

 

  • HDFC FCNR FD allows Indians to earn interests on their foreign income.
  • FD holders can get back their principal and interest amount completely.
  • The Fixed deposit holder is allowed to invest money in foreign currencies
  • Benefits of tax exemption on the entire deposit
  • The benefit of overdraft facility on NRO current or savings account against the FCNR deposit with super saving facility

Dream Deposits

  • This scheme of HDFC Bank’s Dream Deposit provides you with the flexibility to set aside a part of your salary to achieve your goals by enjoying rates on par with the bank’s FDs and RDs. 
  • The best thing is, unlike a typical FD account, you are not charged with a penalty on breaking the account or missing the monthly payment. 
  • If you are an existing customer, this deposit can be opened with the help of net banking; in case you don’t have an account in the bank, you can visit the bank or call customer care to open an account.

Overdraft Against Fixed Deposits

  • This facility provides you with the benefit of two accounts working together
  • The depositor can choose between a savings account and a current account to link with a fixed deposit account
  • The rewards of the overdraft facility are provided to supplement your household or business needs.
  • The payback interest is applicable only on the drawn amount, while the remaining fixed deposit continues to earn the interest.
  • Resident individuals, HUFs, private and public limited companies are eligible for this

Term wise HDFC Fixed Deposit Rates

Short-term Deposits

For an HDFC Bank FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 2.75% p.a. to 5.35% p.a. These deposits are known as short term deposits as their tenure is less than 1 year.

Medium-term Deposits

Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 5.35% – 5.50% p.a.

Long-term Deposits

These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.75%.

HDFC vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to invest in HDFC FD?

An HDFC Bank FD account can be opened via different modes like Mobile App, Internet Banking, and offline.

1) Internet Banking

Follow the below-mentioned steps to open an HDFC Bank FD account via internet banking-

  • Login to the NetBanking account.
  • Under the ‘Transact’ tab, choose the ‘Open Fixed Deposits’ option.
  • Next, choose the branch, fill out the tenure of the FD and investment amount. Furnish nominee details. Click on the ‘Continue’ button and then lastly ‘Confirm’ the details provided.
  • Investors can immediately download the fixed deposit receipt/advice of the deposit.

2) Mobile App - HDFC Bank App

Follow the steps mentioned ahead to open an FD account via HDFC Bank Mobile App-

  • Download the HDFC Bank App and sign in.
  • Go to the main menu option, and under the ‘Save’ tab, choose the ‘Deposit’ option to proceed.
  • Next, choose the ‘Open Fixed Deposit’ option.
  • Fill out all the necessary deposit details and nominee information.
  • After confirmation, the fixed deposit receipt/advice will be available for download immediately.

3) Opening HDFC Bank FD Offline 

An HDFC Bank FD account can be opened offline as well. One will be required to visit the nearest HDFC Bank branch and fill out the HDFC Bank FD application form. Also, all the necessary documents along with the deposit amount will be required to be provided. After successful processing of the application, an FD receipt will be provided by the HDFC bank.

Eligibility to Open an HDFC FD Account

Investors must meet the following requirements when looking to deposit their money into HDFC fixed deposit online- 

  • Indian resident
  • Sole proprietorship enterprise
  • Trusts
  • Limited companies
  • Hindu Undivided Family (HUF members)
  • Partnership firms

Documents Required to Open State Bank of India FD

To open a fixed deposit account with HDFC Bank, an individual needs to furnish the following documents.

Proof of Identity

  • Aadhaar card
  • Voter ID
  • PAN card
  • Driving license
  • Ration card with photo
  • Any government-issued ID card
  • Passport

Proof of Address

  • Electricity bill
  • Bank statement including cheque
  • ID or license issued by the Post Office
  • Telephone bill
  • Passport

FAQs

Can I change the existing tenure of the HDFC Bank Fixed Deposit account?

No, it is not possible to change the tenure once you have opened an FD account in HDFC bank. However, you can opt to close the existing fixed deposit account and can open a new account with a tenure of your choice

What is the tenure for the HDFC FD account?

The tenure for HDFC Fixed deposit ranges from a minimum of 7 days to a maximum of 10 years.

What are the current HDFC FD interest rates for 2022?

HDFC provides a 2.50% to 5.50% interest rate on their FD schemes for general citizens and 3.00% – 6.25% for senior citizens depending on the tenure.

What are the documents needed to open an FD account in HDFC Bank?

An HDFC Fixed Deposit account can be opened with a minimum deposit of 5000 rupees. One must have a PAN card if the deposit amount is greater than 50,000 rupees.

For senior citizens, valid age proof is also required

What happens if I open an HDFC FD account without a PAN card?

Following are the implications of opening an FD account without having a pan card:

  • TDS will be deducted at 20% as against 10% under section 206AA
  • No TDS Certificate will be issued and also no credit from the Income Tax department
  • Form 15G/H and other exemption certificates will be invalid

Can I deposit some additional amounts in my FD account?

No, you are not allowed to deposit any additional amount as you are allowed to deposit the amount only at the time of opening the account. If you want to change the amount, you need to open a new fixed deposit account with HDFC.

 What is the highest FD interest rate provided by HDFC Bank?

The highest HDFC FD interest rate provided by HDFC Bank is 5.50%  for a medium-term FD ranging from 5 years to 10 years.

Who is eligible for opening an HDFC Fixed Deposit Account?

  • HUFs (Hindu undivided families)
  • Resident Citizens
  • Sole proprietorship firms
  • Partnership firms
  • Limited companies
Calculate HDFC Bank FD Interest
Investment Amount
₹25,000.00
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
HDFC Bank
@5.35% p.a
Get higher interest rates
online upto 0%
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