HDFC Bank is one of the largest banks in India offering various banking related services to its customers. Through HDFC Bank, individuals can avail banking services such as HDFC FD, Cards, Loans and Advances, Insurance, Investment Services and many more. In this article, we will discuss everything about HDFC Fixed Deposits.
HDFC Fixed Deposit Benefits
The different HDFC fixed deposit schemes available offer customers several benefits such as:
- HDFC FD schemes offer fixed returns making them great investment options
- HDFC senior citizen FD rates are 0.50% p.a. over the rates for regular FDs
- You can also avail of the fixed deposit sweep in HDFC to ensure the bank automatically transfers a deficit amount from your FD to your savings account when the balance is low
- The fixed deposit sweep in HDFC ensures that it does not affect the HDFC FD rate you’ve availed
- You can also compound your interest by reinvesting your HDFC Fixed Deposit
HDFC Fixed Deposit Schemes
A wide variety of schemes are available under HDFC Bank and you can easily choose one that is the most suited for you. This is why a lot of people prefer investing in an HDFC Fixed Deposit. The following section discusses the different types of HDFC FD schemes available.
Regular HDFC FD Schemes
- Depositors can save money by depositing it into the HDFC fixed deposit account offering a guaranteed interest rate over a specific period
- Allows depositors to enjoy attractive HDFC Bank FD rates
- HDFC Senior Citizen FD rates for regular schemes are also higher
- Allows depositors to take advantage of the nomination facility
- HDFC Fixed Deposit holders for regular schemes can also enjoy up to 90% loan facility
- Regular citizens, Hindu Undivided Families (HUFs), sole proprietorship companies, trusts, limited companies, and organisations can enjoy HDFC FD regular schemes
- Allows depositors to open a deposit via NetBanking and avail of monthly or quarterly disbursements
Health Cover HDFC Fixed Deposit Scheme
- Offers depositors a combination of HDFC FD and hospital cash coverage benefits
- Allows depositors to deposit any amount between INR 5 lakhs and INR 1.99 crores
- These HDFC FD schemes come in flexible tenures from a year to ten years
- Allows depositors to get overdrafts up to 90% of the HDFC fixed deposit amount instantly
- Offers the same HDFC Bank FD Rates as that of regular FD schemes
5-Year Tax Saving FD HDFC Rates
- Offers tax saving benefits under Section 80C of the Income Tax Act to the Tax Saving FD HDFC holder
- In the case of a joint HDFC FD, the first holder can take advantage of the tax-saving benefits
- Tax Saving FD HDFC schemes allow deposits between INR 100 and INR 1.5 lakhs in multiples of 100 in a financial year
- Under this scheme, the TDS is deducted only when the payable interest or reinvested is greater than INR 40,000 in a single financial year
- For senior citizens, when the payable interest or reinvested in a Tax Saving FD HDFC exceeds INR 50,000 in the financial year
- HUFs and Resident Indians of age more than 18 years are eligible for the FD
Foreign Currency Non-Resident (FCNR) HDFC FD Schemes
- Allows depositors to open an HDFC Fixed Deposit in any foreign currency like US Dollars (USD), Great Britain Pound (GBP), Australian Dollars, Japanese Yen, Canadian Dollars, and others
- Depositors can get tax benefits on the invested amount
- Depositors can also invest in FCNR HDFC FD schemes jointly with Non-Resident Indians (NRIs)
Dream HDFC Fixed Deposit Schemes
- Allows depositors to invest a part of their salary and take advantage of HDFC Bank FD Rates
- These flexible HDFC Fixed Deposit schemes help depositors invest the money at their convenience
- Depositors are not charged with a penalty when they break their HDFC FD or miss out on monthly payments
- Allows existing customers to open an HDFC fixed deposit via net banking
- Non-HDFC account holders can visit any bank branch or call customer care to open an account and invest in an FD
HDFC Bank FD Rates 2023 For Investments < INR 2 Crores
The HDFC Bank FD Rates 2023 for investments lesser than INR 2 crores are mentioned in the table below:
| Tenure | Interest Rates (% p.a.) | |
| For General Citizens | For Senior Citizens | |
| 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 – < 1 year | 5.75 | 6.25 |
| 9 months 1 day – < 1 year | 6.00 | 6.50 |
| 1 year – < 15 months | 6.60 | 7.10 |
| 15 months – < 18 months | 7.10 | 7.60 |
| 18 months – < 21 months | 7.00 | 7.50 |
| 21 months – 2 years | 7.00 | 7.50 |
| 2 years 1 day – < 2 years 11 months | 7.00 | 7.50 |
| 2 years 11 months – 35 months | 7.20 | 7.70 |
| 2 years 11 months 1 day – <= 3 years | 7.00 | 7.50 |
| 3 years 1 day – < 4 years 7 months | 7.00 | 7.50 |
| 4 years 7 months – 55 months | 7.25 | 7.75 |
| 4 years 7 months 1 day – <= 5 years | 7.00 | 7.50 |
| 5 years 1 day – 10 years | 7.00 | 7.75 |
HDFC Bank FD Rates 2023 For Investments > INR 2 Crores
The different HDFC Bank FD Rates for investments more than INR 2 crores to lesser than INR 5 crores are:
| Tenure | Interest rates (% p.a.) | |
| For General Citizens | For Senior Citizens | |
| 7 – 14 days | 4.75 | 5.25 |
| 15 – 29 days | 4.75 | 5.25 |
| 30 – 45 days | 5.50 | 6.00 |
| 46 – 60 days | 5.75 | 6.25 |
| 61 – 89 days | 6.00 | 6.50 |
| 90 days – <= 6 months | 6.50 | 7.00 |
| 6 months 1 day – <= 9 months | 6.65 | 7.15 |
| 9 months 1 day – < 1 year | 6.75 | 7.25 |
| 1 year – < 15 months | 7.25 | 7.75 |
| 15 months – < 18 months | 7.05 | 7.55 |
| 18 months – < 21 months | 7.05 | 7.55 |
| 21 months – 2 years | 7.05 | 7.55 |
| 2 year 1 day – 3 years | 7.00 | 7.50 |
| 3 year 1 day – 5 years | 7.00 | 7.50 |
| 5 year 1 day – 10 years | 7.00 | 7.75 |
HDFC Bank FD Rates 2023 For Non-Resident External (NRE)
| Tenure | Interest Rates (% p.a.) |
| 1 year – < 15 months | 6.60 |
| 15 months – < 18 months | 7.10 |
| 18 months – < 21 months | 7.00 |
| 21 months – 2 years | 7.00 |
| 2 years 1 day – < 2 year 11 months | 7.00 |
| 2 years 11 months – 35 months | 7.20 |
| 2 years 11 months 1 day – <= 3 years | 7.00 |
| 3 years 1 day – < 4 years 7 months | 7.00 |
| 4 years 7 months – 55 months | 7.25 |
| 4 years 7 months 1 day – <= 5 years | 7.00 |
| 5 years 1 day – 10 years | 7.00 |
HDFC Bank FD Calculator
There are several HDFC fixed deposit schemes that you can choose from. We recommend using the HDFC Bank FD Calculator for a proper estimate of the returns on your investment. Through HDFC FD calculator, individuals can know the approx. money that they can withdraw after the FD gets matured over a certain period of time.
To close your HDFC FD prematurely, visit the official net banking portal for HDFC Fixed Deposit login to liquidate your HDFC Fixed Deposit.
Yes, you can! You can opt for the reinvestment option to compound the returns from your HDFC Fixed Deposit.
TDS applies to HDFC Fixed Deposit schemes if the interest crosses INR 40,000 a year. It is directly deducted from the depositor’s FD earnings.
Yes, just like other banks, you can get an HDFC credit card against FD.
