HDFC Bank is one of India’s leading private sector banks, offering a range of fixed deposit options with competitive interest rates, flexible tenures, and features like premature withdrawal and loans against deposits. You can view current rates and use the calculator to determine interest amounts, maturity value, and more.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 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 | 5.75 | 6.25 |
| 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 | 7.25 | 7.75 |
| 21 months – 2 years | 7.00 | 7.50 |
| 2 Years 1 day to < 2 Year 11 Months | 7.00 | 7.50 |
| 2 Years 11 Months – 35 Months | 7.35 | 7.85 |
| 2 Years 11 Months 1 day <= 3 Years | 7.00 | 7.50 |
| 3 Years 1 day to < 4 Years 7 Months | 7.00 | 7.50 |
| 4 Year 7 Months – 55 months | 7.40 | 7.90 |
| 4 Year 7 Months 1 day <= 5 Years | 7.00 | 7.50 |
| 5 Years 1 day – 10 Years | 7.00 | 7.50 |
Data last updated on 01/09/2024. Check latest interest rates here.
HDFC Bank FD Calculator
HDFC Bank FD FAQs
Can I get monthly interest on FD?
Yes, you can choose to receive your FD interest on a monthly basis, which gives you a steady income.
Is FD tax-free?
No, the interest earned on FDs is taxable. It’s added to your income and taxed according to your tax bracket.
When can I receive my FD interest payouts at HDFC Bank?
At HDFC Bank, you can select when to receive your FD interest payouts—monthly, quarterly, or at maturity.
Does HDFC Bank offer Re-investment Fixed Deposit?
Yes, HDFC Bank offers Re-Investment FDs where interest is compounded and added to the principal, earning you more over time.
Does TDS apply to interest earned via an FD?
Yes, TDS is deducted if your FD interest crosses ₹40,000 in a financial year. If the interest is too low to cover TDS, the amount is taken from the principal or your linked account.
Does HDFC Bank offer a tax-saving FD option?
Yes, HDFC Bank offers a 5-year Tax-Saving FD, which provides guaranteed returns and tax benefits under Section 80C.
Can you prematurely withdraw from an FD?
Yes, HDFC Bank allows premature withdrawal of FDs, but you may have to pay penalty charges as per bank policy.
Can I book an FD at HDFC Bank via NetBanking?
Yes, you can book an FD through HDFC Bank’s NetBanking if you have the necessary transactional rights and updated account information.
What is the maximum FD limit?
The maximum FD limit varies depending on the bank and factors like account type and tenure. It can range from a few lakhs to several crores.