Hdfc FD Interest Rates
You can invest your money in an Hdfc fixed deposit for a period ranging from 7 days to 10 years and earn interest on the amount placed. For a tenure of more than 5 years to 10 years, you can get a 5.50 percent p.a. FD interest rate. Senior folks receive an additional 0.50 percent p.a. rate of interest.
Hdfc bank FD rates list
Hdfc bank fixed deposit rates for less than Rs. 2 crores.
Period | General Public Rates (p.a.) | Senior Citizens Rates (p.a.) |
7 days to 14 days | 2.50% | 3.00% |
15 days to 29 days | 2.50% | 3.00% |
30 days to 45 days | 3.00% | 3.50% |
46 days to 60 days | 3.00% | 3.50% |
61 days to 90 days | 3.00% | 3.50% |
91 days to 6 months | 3.50% | 4.00% |
6 months 1 day to 9 months | 4.40% | 4.90% |
9 months 1 day to less than 1 year | 4.40% | 4.90% |
1 year | 4.90% | 5.40% |
1 year 1 day to 2 years | 4.90% | 5.40% |
2 years 1 day to 3 years | 5.15% | 5.65% |
3 years 1 day to 5 years | 5.30% | 5.80% |
5 years 1 day to 10 years | 5.50% | 6.25% |
Hdfc bank fixed deposit rates for more than Rs. 2 crores and less than Rs. 5 crores.
Period | General Public Rates (p.a.) | Senior Citizens Rates (p.a.) |
7 days to 14 days | 2.50% | 3.00% |
15 days to 29 days | 2.50% | 3.00% |
30 days to 45 days | 2.75% | 3.25% |
46 days to 60 days | 2.75% | 3.25% |
61 days to 90 days | 3.00% | 3.50% |
91 days to 6 months | 3.00% | 3.50% |
6 months 1 day to 9 months | 3.50% | 4.00% |
9 months 1 day to less than 1 year | 3.65% | 4.15% |
1 year | 3.75% | 4.25% |
1 year 1 day to 2 years | 3.75% | 4.25% |
2 years 1 day to 3 years | 4.40% | 4.90% |
3 years 1 day to 5 years | 4.40% | 4.90% |
5 years 1 day to 10 years | 4.40% | 5.15% |
*New rates are effective from 1 November 2021 and can change from time to time.
Types of hdfc fixed deposit
Here are the different types of hdfc fixed deposit:
- Regular Fixed Deposits: This is a type of fixed deposit that offers a competitive interest rate, as well as flexibility and security. Senior citizens may be eligible for a greater interest rate than typical clients. Senior Citizen Care FD is also a viable option.
- Fixed Deposits in Indian Currency (FCNR): This plan allows NRIs of Indian nationality or origin to deposit in foreign currency and earn interest in Indian currency. Money can be deposited in US Dollars, Sterling Pounds, Euros, Japanese Yen, Australian Dollars, and Canadian Dollars. The principle and interest components of this scheme can be fully repatriated. You can also open a joint account with other NRIs. This account can last anywhere from one year to five years. USD 1,000, GBP 2,500, Euro 2,500, JYP 7,50,000, AUD 1,000, or CAD 1,000 is the minimum initial deposit.
- Overdraft Against Fixed Deposits: This scheme allows you to borrow money from your FD account in the form of an overdraft rather than shutting the account prematurely in case of an emergency. An overdraft of up to 90% of the account amount will be available. This account requires a minimum deposit of Rs.25,000 and a minimum duration of six months and one day to be eligible for the benefit. To use the overdraft option, you must open the account under a single name. This programme may be subject to a distinct set of interest rates.
- Non-Withdrawable Deposits: This plan is similar to an overdraft, but there is no possibility to request a partial or premature withdrawal of the account balance. You can get interest payments on a monthly or quarterly basis. This strategy may require a completely different set of interest rates.
Special Features & Benefits of HDFC Bank Fixed deposit
A deposit of Rs.100 is required to create an FD account with HDFC Bank.
The shortest deposit term is seven days, and the longest is ten years.
For each FD programme available, attractive interest rates are offered.
Interest payments can be made on a monthly or quarterly basis.
There are overdraft and nomination options available.
The schemes are available to resident Indians, non-resident Indians, and other entities.
There are interest reinvestment options available.
For a few schemes, early account closure is permitted, subject to specified requirements and penalties.
Senior folks are eligible for a special interest rate that is higher than that granted to other clients.
Customers can take advantage of exclusive offers that are only good for a limited time.
Documents required to open Hdfc fixed deposit
Aadhaar card
Voter ID
PAN card
Driving Licence
Ration card with photo
Any government-issued ID card
Passport
Hdfc fixed deposit - Premature Withdrawal
For premature closure, an interest rate will be applied, which will be the lower of the following:
- The base rate for the deposit's first term.
- The base rate is in effect for the duration of the deposit with the bank.
- The base rate will apply to all deposits of less than Rs.1 crore made on the day the deposit is booked. The base rate for any deposits greater than Rs.5 crore shall be the rate for Rs.5 crore as of the date of booking your deposit. HDFC Bank will charge a 1% penalty for early withdrawals such as sweep-ins and partial withdrawals. Any fixed deposits booked for a tenor of 7 to 14 days will not be subject to the penalty for early withdrawal.
Frequently asked questions
What is HDFC Bank's highest FD rate?
The highest rate is 5.5 percent for the general public and 6.25 percent for older persons.
What are HDFC Bank's current FD interest rates for 2021?
The current HDFC Bank FD interest rates for 2021 can be found in the table above. The interest rate varies between 2.50 and 5.50 percent.
How long will it take for FD to double?
You may calculate the total amount you've earned using the interest rates from the preceding tables to see how much you've earned.
Is it possible to extend the term of my Hdfc fixed deposit account?
You cannot change the tenure; however, you can close your existing account and create a new one with a different tenure.
Can I take money out of my HDFC FD account before it matures?
You can withdraw money from your FD account, but the bank will only give you the principal amount after deducting any penalties and a lower rate of interest. However, HDFC FDs have a lock-in period of 1 to 5 years during which you are unable to remove funds from your account.
Is it possible to add extra money to my HDFC FD account?
You cannot add extra funds to your FD account with HDFC; however, you can start a new FD to increase your liquidity.
Is it necessary for me to submit KYC paperwork in order to register an HDFC FD account?
Yes, you must provide KYC documents to open an HDFC bank FD account.
Is it possible for a non-HDFC Bank customer to open an FD online?
The HDFC FD account can be opened and operated online by both new and current customers. Customers who are new to HDFC can obtain a username and password by visiting a local branch.
Is it necessary to have a PAN in order to open an HDFC FD account?
To open or run an HDFC FD account, you must have a PAN. If you don't have a PAN, you'll need to:
The TDS exemption form will be deemed null and void.
TDS will be deducted at a rate of at least 20%.
TDS credit is not available.
A TDS certificate may be issued.
Which forms do I need to fill out in order to avoid TDS?
At the start of each fiscal year, Form 15G/15H must be submitted.
How do I make an FD reservation by SMS?
To book an HDFC FD via SMS, send a text message to 5676712 with the word 'BOOKFD' in the subject line. By default, an Rs.5000 FD will be opened for a period of 12 months. If you want to book an FD for a different amount for a term of 12 months, type BOOKFD (Amount) and send it to 5676712. If you want to book an FD for a specific amount and duration, type BOOKFD (Amount) and send it to 5676712
Who is eligible to open an HDFC Bank term deposit account?
You can open a term deposit account with HDFC Bank by:
Residents
Hindu Undivided Families
Sole Proprietorship firms
Partnership firms
Limited companies
Trust accounts
Is it possible to register a five-year tax-saving fixed deposit with a quarterly payout?
Yes. The five-year tax-saving fixed deposit from HDFC Bank can be booked with a monthly or quarterly payout option.