Investment Amount
Maximum – No Limit | Tenure
Maximum – 10 years | Interest Rate*
Maximum – 5.50% |
Minimum – ₹ 5,000
Minimum – 7 days
Minimum – 2.50%HDFC Bank provides its customers with three different types of domestic fixed deposit schemes targeting the distinct needs of the investors. For these schemes, the bank pays interest to the customers on the prevailing HDFC FD rates. Domestic deposits can be made for up to Rs. 5 crores. NRI customers can make deposits in HDFC Bank NRI Deposits.
HDFC Fixed Deposit Interest Rates – 2022
HDFC Domestic / NRO / NRE Fixed Deposit Rate– 2022
| Tenure | Fixed Deposits < Rs. 2 crores w.e.f. 12 January 2022 | |
| Days/Years | Regular Citizens | Senior Citizens |
| 7 – 14 days | 2.50% | 3.00% |
| 15 – 29 days | 2.50% | 3.00% |
| 30 – 45 days | 3.00% | 3.50% |
| 46 – 60 days | 3.00% | 3.50% |
| 61 – 90 days | 3.00% | 3.50% |
| 91 days – 6 months | 3.50% | 4.00% |
| 6 months 1 day – 9 months | 4.40% | 4.90% |
| 9 months 1 day < 1 Year | 4.40% | 4.90% |
| 1 Year | 4.90% | 5.40% |
| 1 year 1 day – 2 years | 5.00% | 5.50% |
| 2 years 1 day – 3 years | 5.20% | 5.70% |
| 3 year 1 day- 5 years | 5.40% | 5.90% |
| 5 years 1 day – 10 years | 5.60% | 6.35%* |
HDFC Domestic / NRO / NRE Fixed Deposit Rate (for >= Rs 2 Crores to < Rs 5 Crores)– 2022
| Tenure | Fixed Deposits >= Rs 2 Crores to < Rs 5 Crores w.e.f. 12 January 2022 | |
| Days/Years | Regular Citizens | Senior Citizens |
| 7 – 14 days | 2.50% | 3.00% |
| 15 – 29 days | 2.50% | 3.00% |
| 30 – 45 days | 2.75% | 3.25% |
| 46 – 60 days | 2.75% | 3.25% |
| 61 – 90 days | 3.00% | 3.50% |
| 91 days – 6 months | 3.00% | 3.50% |
| 6 months 1 day – 9 months | 3.50% | 4.00% |
| 9 months 1 day < 1 Year | 3.65% | 4.15% |
| 1 Year | 3.75% | 4.25% |
| 1 year 1 day – 2 years | 3.75% | 4.25% |
| 2 years 1 day – 3 years | 4.40% | 4.90% |
| 3 year 1 day- 5 years | 4.40% | 4.90% |
| 5 years 1 day – 10 years | 4.40% | 5.15%* |
Given below are the details of HDFC FD Rates for Domestic and NRO Deposits below Rs. 2 crores. Note: The aforementioned HDFC FD Rates are applicable w.e.f. 12 Jan 2021.
* Extra 0.25% above the existing interest rates for senior citizens under the Senior Citizens Care FD.
HDFC FD Rates for FCNR and RFC Accounts
HDFC Foreign Currency Non-Resident (FCNR) Deposit Account is a type of account for NRIs to deposit their earnings in foreign currency. Withdrawals are also made in the same currency. The account is safe from fluctuations in the currency as there is no conversion; hence there is no conversion-related loss. Interest earned on such deposits is not taxable in India.
Resident Foreign Currency (RFC) Account is for residents of India who wish to invest their foreign earnings. Deposits are made in foreign currency while the withdrawals are processed in INR. Interest earned on such deposits is taxable in India. This type of deposit is especially beneficial for Returning Indians.
| Period | GBP | USD | Euro | JPY | AUD | CAD | Effective From |
| 1 Year | 0.25% | 0.01% | 0.01% | 0.01% | 0.01% | 0.30% | 1 January 2022 |
| 1 Yr 1 day < 2 Yrs | NA | 0.01% | NA | NA | 0.01% | 0.30% | 1 January 2022 |
| 2 Yrs to < 3 Yrs | NA | 0.50% | NA | NA | 0.50% | 0.75% | 1 January 2022 |
| 3 Yrs to < 4 Yrs | NA | 0.80% | NA | NA | 1.00% | 1.10% | 1 January 2022 |
| 4 Yrs to < 5 Yrs | NA | 1.00% | NA | NA | 1.35% | 1.30% | 1 January 2022 |
| 5 Yrs only | NA | 1.10% | NA | NA | 1.45% | 1.30% | 1 January 2022 |
Read more about : Types of HDFC NRI FD Accounts
HDFC FD Calculator
When going for any of the prior mentioned fixed deposit schemes with HDFC Bank, it is recommended to check the estimated maturity amount using the 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 of the deposit amount and tenure must be entered along with the latest interest rate corresponding with the chosen FD tenure.
TDS Implication
Customers of HDFC FD (domestic) schemes are liable for TDS or Tax Deducted at Source.
- TDS will be deducted on interest income amounting above Rs. 40,000 (Rs. 50,000 for senior citizens)
- This limit is applicable from Assessment Year (A/Y) 2020-21
- The standard rate for this deduction is set @ 10%
- If the PAN card is not provided, income tax at the source will be deducted @ 20%
Suggested Read: Income Tax on Fixed Deposits
Frequently Asked Questions (FAQs)
For which tenure is the HDFC FD interest rate highest?
Currently, the highest HDFC FD rate is 5.50% offered for tenure ranging from 5 years 1 day – 10 years. Senior citizens get to earn interest at 6.25% on this tenure.
Are there any preferential HDFC FD interest rates for senior citizens?
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 Senior Citizen Care FD. This FD is valid from 18th May 2020 to 31st March 2021.
Is it compulsory to provide PAN card details while opening an HDFC fixed deposit?
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:
- Tax at source (TDS) will be deducted at 20% (instead of the normal rats of 10%)
- TDS certificate will not be provided by the bank
- You will not be able to show your investment while filing ITR because it will not be linked to your PAN
Can an investor change the maturity period of the FD?
No. The mandate cannot be changed once finalized.
Can I invest more in my already active HDFC Fixed Deposit Scheme?
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.