HDFC Bank offers several FD schemes to suit the needs of customers. We have compiled the current interest rates offered by the bank on different tenures and the various FD schemes available and their necessary information. Also, find other related information regarding HDFC Bank FD schemes here.
The table below contains the interest rates offered on deposits below Rs.2 crore effective from 24 January 2023.
|Deposit Tenure||Interest Rate for Regular Customers (% p.a.)*||Interest Rate for Senior Citizens (% p.a.)*|
|7 to 14 days||3.00||3.50|
|15 to 29 days||3.00||3.50|
|30 to 45 days||3.50||4.00|
|46 to 60 days||4.50||5.00|
|61 to 89 days||4.50||5.00|
|90 days to 6 months||4.50||5.00|
|6 months 1 day to 9 months||5.75||6.25|
|9 months 1 day < 1 year||6.00||6.50|
|1 year 1 day to 15 months||6.60||7.10|
|15 months to 18 months||7.00||7.50|
|18 months to 21 months||7.00||7.50|
|21 months to 2 years||7.00||7.50|
|2 years 1 day to 3 years||7.00||7.50|
|3 year 1 day to 5 years||7.00||7.50|
|5 years 1 day to 10 years||7.00||7.75|
* Interest rates are subject to change from time to time.
Individual and Company Proofs:
For Hindu Undivided Families:
HDFC Bank offers ‘Five Year Tax Saving Fixed Deposit’ where the minimum deposit allowed is Rs.100 and in multiples of Rs.100 thereafter. The maximum deposit you can make is Rs.1.5 lakh per financial year. A lock-in period of five years is applicable as prescribed by the income tax rules. You are bound to get income tax benefits on the deposit you make in the account under Section 80C of the Income Tax Act, 1961.
When it comes to the interest payable or reinvested in the fixed or recurring deposit account exceeding Rs.40,000 (Rs.50,000 for senior citizens), the tax will be deducted at source (TDS) by the bank at the rate of 10% p.a. You can avoid TDS by submitting Form 15G/15H, as applicable, if your total annual income for the financial year is below the basic exemption limit.
Visit our easy-to-use FD calculator page to predict the returns you may receive upon putting your money in a fixed deposit account.
In the case of joint deposits, only the first holder of the account can get income tax benefits under Section 80C.
The offer provides 0.75% (0.25% over and above the existing premium of 0.50%) additional interest rate for resident senior citizens aged 60 years and above who deposits a sum less than Rs.5 crore for a tenure of five years one day to 10 years. The offer is available for all new and renewed senior citizen FDs. The offer is valid from 18 May 2020 until 31 December 2020.
You can choose one of the following methods to open an FD account with HDFC Bank:
HDFC Bank allows you to make a choice for a nominee, i.e. the nominee for the account can either be the nomination made in the base savings account or you can add a new nominee.
Read More About:
1. HDFC Bank Net Banking Login
2. HDFC FD Calculator
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