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HDFC Bank FD Rates

HDFC Ltd. was among the first institutes to get an 'in principle' approval from the banking regulator RBI to establish a bank in the private sector. The bank was incorporated in August 1994 as 'HDFC Bank Limited', with its registered office located in Mumbai. In January 1995, HDFC started operations as a Scheduled Commercial Bank.

HDFC Bank offers a range of deposits to meet varying client needs. Fixed deposits have been increasingly gaining popularity among the masses, considering that it is a safe investment option compared to investments like stocks and mutual funds. FDs are accounts where money gets deposited for a fixed tenure, without fluctuating interest rates. HDFC Bank’s fixed deposit options offer a wide variety in terms of deposit tenures and interest rates.

HDFC Interest Rates on Domestic/NRO/NRE Term Deposits - 2019

(Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year)

Period< 2 Crore Interest Rate (per annum)< 2 Crore Senior Citizen Rates (per annum)>=2 Crore to < 5 Crores Interest Rate (per annum)>=2 Crore to < 5 Crores Senior Citizen Rates (per annum)
7 - 14 days3.50%4.00%4.25%4.75%
15 - 29 days4.25%4.75%4.25%4.75%
30 - 45 days5.75%6.25%6.25%6.75%
46 - 60 days6.25%6.75%6.50%7.00%
61 - 90 days6.25%6.75%6.50%7.00%
91 days - 6 months6.25%6.75%6.75%7.25%
6 months 1 day- 6 months 3 days6.75%7.25%7.10%7.60%
6 months 4 days6.75%7.25%7.10%7.60%
6 months 5 days- 9 months6.75%7.25%7.10%7.60%
9 months 1 day- 9 months 3 days7.10%7.60%7.35%7.85%
9 months 4 days7.10%7.60%7.35%7.85%
9 months 5 days - 9 months 15 days7.10%7.60%7.35%7.85%
9 months 16 days7.10%7.60%7.35%7.85%
9 months 17 days < 1 Year7.10%7.60%7.35%7.85%
1 Year7.30%7.80%7.50%8.00%
1 year 1 day - 1 year 3 days7.30%7.80%7.50%8.00%
1 year 4 days7.30%7.80%7.50%8.00%
1 year 5 days - 1 Year 15 Days7.30%7.80%7.50%8.00%
1 Year 16 days7.30%7.80%7.50%8.00%
1 year 17 days - 2 Years7.30%7.80%7.50%8.00%
2 years 1day - 2 Years 15 days7.40%7.90%7.50%8.00%
2 Years 16 days7.40%7.90%7.50%8.00%
2 years 17 days - 3 Years7.40%7.90%7.50%8.00%
3 years 1day - 5 years7.25%7.75%7.35%7.85%
5 Years 1 Day - 8 Years6.50%7.00%7.00%7.50%
8 Years 1 Day - 10 Years6.50%7.00%7.00%7.50%

Source: www.hdfcbank.com/personal/interest-rates

Note: Fixed deposit interest rates are subject to change anytime as per Bank’s discretion.

HDFC Interest Rates on Domestic /NRE/NRO Term Deposits for Rs. 5 crores and above

Period5crore<5.25 crore>=5.25 crore <5.50 crore>=5.50 crore <24.75 crore>=24.75 crore to <25 crore
91 days - 120 days7.00%7.00%7.00%7.00%
121 days - 150 days7.00%7.00%7.00%7.00%
151 days <= 6 months7.00%7.00%7.00%7.00%
6 months 1 day - 6 Months 3 days 7.30%7.30%7.30%7.30%
6 months 4 days7.30%7.30%7.30%7.30%
6 months 5 days <=9 months7.30%7.30%7.30%7.30%
9 months 1 day - 9 months 3 days 7.45%7.45%7.45%7.45%
9 months 4 days7.45%7.45%7.45%7.45%
9 months 5 day - 9 months 15 days 7.45%7.45%7.45%7.45%
9 months 1 day- 9 months 3 days7.45%7.45%7.45%7.45%
9 months 4 days7.45%7.45%7.45%7.45%
9 months 5 days - 9 months 15 days7.45%7.45%7.45%7.45%
9 months 16 days7.45%7.45%7.45%7.45%
1 Year7.70%7.70%7.70%7.70%
1 Year 1 day to 1 year 3 days 7.70%7.70%7.70%7.70%
1 year 4 days7.70%7.70%7.70%7.70%
1 year 5 days - 1 Year 15 Days7.70%7.70%7.70%7.70%
1 Year 5 day to 2 Years 7.70%7.70%7.70%7.70%
2 year 1 day to 3 Years 7.55%7.55%7.55%7.55%
3 year 1 day to 5 years7.40%7.40%7.40%7.40%
5 year 1 day to 10 Years 7.25%7.25%7.25%7.25%

Source: www.hdfcbank.com/personal/interest-rates

Note: Fixed deposit interest rates are subject to change anytime as per Bank’s discretion.

HDFC FCNR Deposit Interest Rates

PeriodGBPUSDEUROJPYEffective On
< 29 Days0.01%0.01%0.01%0.01%December 01, 2018
30 days - 3 Months0.01%0.01%0.01%0.01%December 01, 2018
3 Months 1 day - 6 Months0.01%0.01%0.01%0.01%December 01, 2018
6 Months 1 day - < 1 Year0.01%0.01%0.01%0.01%December 01, 2018
1 year - < 2 years1.83%3.54%0.47%0.62%April 01, 2019
2 years - < 3 years2.32%3.88%0.92%0.88%April 01, 2019
3 years only2.27%3.71%0.83%0.79%April 01, 2019

Source: www.hdfcbank.com/personal/interest-rates

Note: Fixed deposit interest rates are subject to change anytime as per Bank’s discretion.

Features of the HDFC Bank FD Account

The features of HDFC Bank FD Account are as follows:

  • The minimum tenure for earning interest on FD is 7 days.
  • Fixed deposit rates are compounded on a quarterly basis and paid only on maturity.
  • Senior Citizens can earn an additional interest rate of 0.50% over the existing price.
  • Penalty shall not be levied in case of premature closure of NRE Fixed Deposit.
  • The minimum amount to open an HDFC Bank Fixed Deposit Account is Rs. 5,000.
  • NRIs can also enjoy fixed deposit services on their NRO, NRE and FCNR Deposits.

Eligibility Criteria for HDFC Bank FDs

Entities who can open a fixed deposit account with HDFC Bank are as follows:

  • Individual residents
  • Hindu Undivided Family
  • Partnership or Sole Proprietorship firms
  • Trust accounts

FAQs on HDFC Bank Fixed Deposit

What is the interest rate that HDFC Bank offers on senior citizens FDs?

Senior Citizens can earn an additional interest of 0.50% over the existing rates.

Can I make alterations to the tenure of my ongoing HDFC Bank Fixed Deposit?

An individual cannot change the tenure of an already active fixed deposit account. However, he or she can close the existing fixed deposit account and open a new one with tenure of his or her choice.

How to open an HDFC Bank Fixed Deposit account without a PAN card?

In case PAN is not available, an individual will have to make a declaration in Form 60.

What is the highest interest rate that is offered by the HDFC Bank Fixed Deposit?

Interest rate on fixed deposits under Rs. 2 crores can go up to 7.40%.

What are the FD tenure options with HDFC Bank?

The bank offers a range of tenure options to fixed deposit holders. The minimum period for which deposit needs to be made is 7 days, while the maximum is 10 years.

What is the minimum amount required to start a HDFC Bank Fixed Deposit account?

The minimum amount required to open an HDFC Bank Fixed Deposit Account is Rs. 5,000.

What is the eligibility criteria to open a HDFC Bank Fixed Deposit account?

Entities who can open a fixed deposit account with HDFC Bank are as follows:

  • Individual residents
  • Hindu Undivided Family
  • Partnership or Sole Proprietorship firms
  • Trust accounts

Can I open my HDFC Bank Fixed Deposit without a PAN card?

While it is possible to open a fixed deposit account without a PAN card, there are certain implications to it. The TDS applicable will be recovered at 20% (as against 10% with PAN card). There will be no TDS credit from the Income Tax department, and no TDS certificate shall be issued (As per CBDT circular no: 03/11). Additionally, penal TDS will apply and Form 15G/H and other exemption certificates become invalid. It must be noted that no deposit for a sum equal to or more than Rs. 50,000 shall be booked if the PAN is not provided.

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