HDFC Ltd. FD Interest Rates (p.a.) Highlights | |
| Highest slab rate | 7.70% (for 45 months – Sapphire Deposits) |
| For 1 year | 7.10% |
| For 2 years | 7.35% |
| For 3 years | 7.40% |
| For 4 years | 7.40% |
| For 5 years | 7.40% |
The interest rates are as of 22 March 2023
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7.3%INTEREST ON FDHDFC Ltd. FD Interest Rates 2023
Special Fixed Deposit Interest Rates of Deposits up to Rs 2 crore w.e.f. 1 March 2023
| Period | Interest Rates (% p.a.) | ||||
| Monthly Income Plan | Quarterly Option | Half-Yearly Option | Annual Income Plan | Cumulative Option | |
| 33 months | 7.30 | 7.35 | 7.40 | 7.55 | 7.55 |
| 66 months | 7.40 | 7..45 | 7.50 | 7.65 | 7.65 |
| Minimum amount (Rs) | 40,000 | 20,000 | 20,000 | 20,000 | 20,000 |
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FD Interest Rates of Sapphire Deposits of up to Rs 2 crore w.e.f. 1 March 2023
| Period | Interest Rates (% p.a.) | ||||
| Monthly Income Plan | Quarterly Option | Half Yearly Option | Annual Income Plan | Cumulative Option | |
| 45 months | 7.45 | 7.50 | 7.55 | 7.70 | 7.70 |
| Minimum Amount (Rs) | 40,000 | 20,000 | 20,000 | 20,000 | 20,000 |
Premium Fixed Deposit Rates of Deposits up to Rs 2 crore w.e.f. 1 March 2023
| Period | Interest Rates (% p.a.) | ||||
| Monthly Income Plan | Quarterly Option | Half-Yearly Option | Annual Income Plan | Cumulative Option | |
| 15 months | 7.20 | 7.25 | 7.30 | – | 7.45 |
| 22 months | 7.25 | 7.30 | 7.35 | 7.50 | 7.50 |
| 44 months | 7.25 | 7.30 | 7.35 | 7.50 | 7.50 |
| Minimum amount (Rs) | 40,000 | 20,000 | 20,000 | 20,000 | 20,000 |
Regular Fixed Deposit Rates of Deposits up to Rs 2 crore w.e.f. 1 March 2023
| Period | Interest Rates (% p.a.) | ||||
| Monthly Income Plan | Quarterly Option | Half-Yearly Option | Annual Income Plan | Cumulative Option | |
| 12-23 months | 6.85 | 6.90 | 6.95 | – | 7.10 |
| 24-35 months | 7.10 | 7.15 | 7.20 | 7.35 | 7.35 |
| 36-60 months | 7.15 | 7.20 | 7.25 | 7.40 | 7.40 |
| 61-120 months | 7.05 | 7.10 | 7.15 | 7.30 | 7.30 |
| Minimum amount (Rs) | 40,000 | 20,000 | 20,000 | 20,000 | 20,000 |
Fixed Deposit Rates of Diamond Deposits of up to Rs 2 crore w.e.f. 1 March 2023 (for senior citizens only)
| Period | Interest Rates (% p.a.) | ||||
| Monthly Income Plan | Quarterly Option | Half-Yearly Option | Annual Income Plan | Cumulative Option | |
| 75 months | 7.70 | 7.75 | 7.80 | 8.00 | 8.00 |
Regular Fixed Deposit Rates of Deposits above Rs 2 crore to up to Rs 10 crore w.e.f. 1 March 2023
| Period | Interest Rates (% p.a.) | ||||
| Monthly Income Plan | Quarterly Option | Half-Yearly Option | Annual Income Plan | Cumulative Option | |
| 12-23 months | 7.10 | 7.15 | 7.20 | – | 7.35 |
| 24-35 months | 7.25 | 7.30 | 7.35 | 7.50 | 7.50 |
| 36-60 months | 7.20 | 7.25 | 7.30 | 7.45 | 7.45 |
| 61-120 months | 7.05 | 7.10 | 7.15 | 7.30 | 7.30 |
Types of HDFC FD Schemes
Monthly Income Plan
- Minimum deposit amount: Rs 40,000
- The scheme provides with regular monthly income
- The monthly interest is credited directly to depositor’s bank account through ECS
- The scheme is available in fixed and variable interest rates
- The scheme is ideal for retired people, senior citizens and housewives
- Interest payment: last day of every month
Non-Cumulative Interest Plan
- Minimum deposit amount: Rs 20,000
- The scheme provides depositors with quarterly or a half yearly interest payout option
- The monthly interest is credited directly to depositor’s bank account through ECS
- The scheme is available in fixed and variable interest rates
- The scheme is ideal to plan the fund requirements at the end of each quarter/half-year
- Interest payment:
- Quarterly option: June 30; September 30; December 31; March 31
- Half yearly option: September 30 and March 31
Annual Income Plan
- Minimum deposit amount: Rs 20,000
- The scheme provides depositors with yearly interest payout option
- The monthly interest is credited directly to depositor’s bank account through ECS
- The scheme is available in fixed and variable interest rates
- The scheme is for depositors who wants to maximize returns and plan for annual cash outflows
- Interest payment: March 31
Cumulative Option
- Minimum deposit amount: Rs 20,000
- The principal and the interest amount is paid on maturity
- The scheme is available in fixed and variable interest rates
- The interest is compounded annually on 31st March of every year
Features of HDFC FD Schemes
- Senior citizens are offered an additional 0.25% p.a. on all FD products
- Additional interest of 0.05% p.a. is offered on individual deposits placed or renewed through HDFC’s online deposit system and auto-renewed deposits.
- Quick Loan Facility
- Depositors can avail loan after 3 months from the date of deposit and up to 75% of the deposit amount
- Interest on such a loan will be 2% above the fixed deposit rate
- Renewal and Repayment of Deposit
- The discharged deposit receipt is required to be surrendered to HDFC for renewal or repayment of the deposit
- In case of renewal of deposit, the prescribed application form signed by all depositors is also required to be submitted
- If the date of maturity falls on the day on which the company’s office remains closed, repayment will be made on the next working day
- Repayment amount is credited to depositor’s bank account directly through RTGS/NEFT/ FT or paid through account payee cheque favoring the first depositor
- Nomination Facility
- Only individual depositor(s), singly or jointly, can nominate a single person
- In case the deposit is opened in the name of a minor, the nomination can be made only by a person lawfully entitled to act on behalf of the minor
Premature Withdrawal of Fixed Deposits
- Premature withdrawal of deposits is at the sole discretion of HDFC Ltd. and cannot be claimed as a matter of right
- The deposits cannot be prematurely withdrawn before 3 months from the date of the deposit
- After 3 months, the following rates will be applied:
| Months completed from the date of deposit | Interest Rate payable |
| After 3 months but before 6 months | The interest payable shall be 3% p.a. for the individual depositor, and no interest in case of other categories of depositors |
| After 6 months but before the date of maturity | The interest payable shall be 1% lower than the interest rate applicable to a public deposit for the period for which the deposit has run
In case, if no rate has been specified for that period, then 2% lower than the minimum rate at which the public deposits are accepted by HDFC Ltd. |