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For opening a fixed deposit with ease, and at attractive interest rates, HDFC Fixed Deposit is a good move. Let us look at the different topics covered in this article, related to Fixed Deposit:

  1. HDFC FD Interest Rates for different Investment Periods
  2. HDFC FD Interest Rates
  3. FD in HDFC – Premature Withdrawal
  4. Loan against Fixed Deposit HDFC
  5. Similar Banks Offering FD

1. HDFC FD Interest Rates for different Investment Periods

Investment Period FD rates for Regular deposits FD rates for Senior Citizen
7 days to 14 days 3.50% 4.00%
15 days to 29 days 4.25% 4.75%
30 days to 45 days 5.75% 6.25%
46 days to 6 months 6.25% 6.75%
6 months 1 day to 9 months 6.75% 7.25%
9 months 16 days to 364 days 7.10% 7.60%
1 year 7.30% 7.80%
1 year 1 day to 2Years 7.30% 7.80%
2 years 1 day to 3 years 7.40% 7.90%
3 years 1 day to 5 years 7.25% 7.75%
5 years 1 day to 10 years 6.50% 7.00%

The above rates are applicable for deposits of below Rs. 1 crore.

2. HDFC FD Interest Rates

HDFC offers multiple fixed deposit options to their customers to park their surplus savings for a fixed tenure. A customer is required to make a deposit once into their FD account at the time of opening the account with the bank. The customer is not allowed to deposit more money and withdraw any money in the account during the tenure of the deposit. Fixed Deposits of HDFC have a higher interest rate compared to their saving deposits. Benefits of opening an FD account in HDFC are:

  • Convenience of booking deposit through net banking
  • Nomination facility available
  • Earn higher returns on the money deposited
  • Avail sweep in and super saver facility on your deposit
  • Loan facility up to 90 percent is available on the deposit

HDFC Bank fixed deposit rates

3. FD in HDFC – Premature Withdrawal

Premature closure of Term Deposit with HDFC is along with the lower interest rate of 4% on deposits up to 6 months and 1% for deposits above 6 months than the contracted rate. The penal provisions for premature closure on HDFC FD are subject to change from time to time and may also vary with deposit schemes.

4. Loan against Fixed Deposit HDFC

HDFC offers loan up to 75% of its own deposit. Note that HDFC will not give you the loan against FD of any other bank. HDFC offers Loan against FD at the rate of 8.3% to 8.4%

Maximum loan tenure is restricted up to the maximum tenure of the FD.

5. Similar Banks Offering FD

Similar Banks Offering FD
Indian Bank HSBC Bank Axis Bank Andhra Bank
Central Bank of India IDBI Bank Allahabad Bank Corporation Bank
Canara Bank Citibank PNB RBL
Bank of India Bank of Baroda ICICI SBI
Union Bank of India Kotak Mahindra Bank IDFC Bank

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