HDFC Bank offers FD interest rates of 3.00-7.00% p.a. to the general public and 3.50-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on HDFC Bank Tax Saving FDs is 7.00% p.a. for the general public and 7.50% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR fixed deposits. HDFC Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro, Japanese Yen (JPY), Canadian Dollar (CAD), and Australian Dollar (AUD). The bank accepts RFC fixed deposits in USD, GBP, Euro and JPY.
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HDFC Bank Fixed Deposit Rates Highlights | |
| Highest slab rate | 7.00% p.a. (15 months to 10 years) |
| For 1 year | 6.60% p.a. |
| For 2 years | 7.00% p.a. |
| For 3 years | 7.00% p.a. |
| For 4 years | 7.00% p.a. |
| For 5 years | 7.00% p.a. |
| Tax-Saving FD | 7.00% p.a. |
The interest rates are updated as of 24 January 2023
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure (Days/Years) | Interest Rates (% p.a.) | |
| Regular Citizens | 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 – 9 months | 5.75 | 6.25 |
| 9 months 1 day – less than 1 year | 6.00 | 6.50 |
| 1 year – less than 15 months | 6.60 | 7.10 |
| 15 months – less than 18 months | 7.00 | 7.50 |
| 18 months – less than 21 months | 7.00 | 7.00 |
| 21 months – 2 years | 7.00 | 7.50 |
| 2 years 1 day – 3 years | 7.00 | 7.50 |
| 3 years 1 day – 5 years | 7.00 | 7.50 |
| 5 years 1 day – 10 years | 7.00 | 7.75* |
Note:- 1. *Extra 0.25% above the existing interest rates for senior citizens under the Senior Citizens Care FD.
2. The additional senior citizen rates are not applicable to NRO and NRE deposits
3. The minimum tenure for NRE deposits is 1 year
Card limit is 100% of FD Amount
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8%INTEREST ON FD| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years | 7.00 | 7.50 |
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| Tenure (Days/Years) | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 – 14 days | 4.50 | 5.00 |
| 15 – 29 days | 4.50 | 5.00 |
| 30 – 45 days | 5.25 | 5.75 |
| 46 – 60 days | 5.50 | 6.00 |
| 61 – 89 days | 5.75 | 6.25 |
| 90 days – 6 months | 6.25 | 6.75 |
| 6 months 1 day – 9 months | 6.50 | 7.00 |
| 9 months 1 day – less than 1 year | 6.65 | 7.15 |
| 1 year – less than 15 months | 6.75 | 7.25 |
| 15 months – less than 18 months | 7.15 | 7.65 |
| 18 months – less than 21 months | 7.15 | 7.65 |
| 21 months – 2 years | 7.15 | 7.65 |
| 2 years 1 day – 3 years | 7.00 | 7.50 |
| 3 years 1 day – 5 years | 7.00 | 7.50 |
| 5 years 1 day – 10 years | 7.00 | 7.75* |
Note: – 1. The additional senior citizen rates are not applicable to NRO and NRE deposits
2. The minimum tenure for NRE deposits is 1 year
3. *Additional interest rate of 0.25% (over and above the existing interest rate of 0.50%) is offered to senior citizens for a tenure of 5 years 1 day to 10 years
| Period | Interest Rates (% p.a.) | |||||||||
| GBP | USD | Euro | JPY | AUD | CAD | Effective on | ||||
| Up to 1 million | Above 1 million to less than 20 million | 20 million to less than 100 million | 100 million & above | |||||||
| 1 year | 4.30 | 5.40 | 5.40 | 5.40 | 5.40 | 2.90 | 0.01 | 3.80 | 4.40 | January 1, 2023 |
| 1 year 1 day – less than 2 years | NA | 5.40 | 5.40 | 5.40 | 5.40 | NA | NA | 3.80 | 4.40 | January 1, 2023 |
| 2 years – less than 3 years | NA | 5.00 | 5.00 | 5.00 | 5.00 | NA | NA | 4.45 | 4.40 | January 1, 2023 |
| 3 years – less than 4 years | NA | 4.70 | 4.70 | 4.70 | 4.70 | NA | NA | 4.50 | 4.10 | January 1, 2023 |
| 4 years – less than 5 years | NA | 4.20 | 4.20 | 4.20 | 4.20 | NA | NA | 4.45 | 3.80 | January 1, 2023 |
| 5 years only | NA | 4.05 | 4.05 | 4.05 | 4.05 | NA | NA | 4.45 | 3.65 | January 1, 2023 |
| Period | Interest Rates (% p.a.) | Effective From | |||
| GBP | USD | EURO | JPY | ||
| Less than 29 days | 0.01 | 0.01 | 0.01 | 0.01 | December 1, 2018 |
| 30 days – 3 months | 0.01 | 0.01 | 0.01 | 0.01 | December 1, 2018 |
| 3 months 1 day – 6 months | 0.01 | 0.01 | 0.01 | 0.01 | December 1, 2018 |
| 6 months 1 day – less than 1 year | 0.01 | 0.01 | 0.01 | 0.01 | December 1, 2018 |
| 1 year | 4.30 | 5.40 | 2.90 | 0.01 | January 1, 2023 |
| 1 year 1 day – less than 2 years | 0.01 | 5.40 | 0.01 | 0.01 | January 1, 2023 |
| 2 years – less than 3 years | 0.01 | 5.00 | 0.01 | 0.01 | January 1, 2023 |
| 3 years only | 0.01 | 4.70 | 0.01 | 0.01 | January 1, 2023 |
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When going for any of the prior mentioned fixed deposit schemes with HDFC , it is recommended to check the estimated maturity amount using the HDFC FD Calculator at Paisabazaar.com. This is an online free tool that can be used multiple times for different tenure and FD rates. To use it basic information about the deposit amount and tenure must be entered along with the latest FD interest rates corresponding with the chosen FD tenure.
Customers of HDFC Bank FD (domestic) schemes are liable for TDS or Tax Deducted at Source.
Suggested Read: Income Tax on Fixed Deposits
Q. For which tenure is the HDFC FD interest rate highest?
A. Currently, the highest HDFC Bank FD rate is 7.00% p.a. offered for tenure ranging from 15 months to 10 years. Senior citizens get to earn interest at 7.75% p.a. on this tenure.
Q. Are there any preferential HDFC Bank FD interest rates for senior citizens?
A. Yes, the bank offers 0.50% additional FD rates over the regular interest rates offered to regular individuals. Extra 0.25% of interest is offered to senior citizens investing for a minimum of 5 years and 1 day under the HDFC Bank Senior Citizen Care FD. This FD is valid from 18th May 2020 to 30th September 2022.
Q. Is it compulsory to provide PAN card details while opening an HDFC Bank fixed deposit?
A. It is important to share the PAN details with the bank while investing in a fixed deposit scheme. In case the PAN card is not provided, the following would be the consequences:
Q. Can an investor change the maturity period of the FD?
A. No. The mandate cannot be changed once finalized.
Q. Can I invest more in my already active HDFC Bank Fixed Deposit Scheme?
A. No. Fixed deposits are one-time investment vehicles. This means that along with the interest rates, your investment amount, i.e. the amount deposited also remains fixed. However, if you wish to multiply your investment while earning interest at fixed rates, you should consider Recurring Deposits.
