HDFC Bank FD Interest Rates 2025

As of April, 2025

As of April 2025 

• Five Year Tax Saving Fixed Deposit

• FCNR Deposits

• Overdraft Against Fixed Deposits

• Dream Deposit

The detailed description of these fixed deposit schemes is as follows:

1. Regular Fixed Deposit:

• Simple investment with attractive HDFC FD interest rates, flexibility, high returns, and security.

• Senior citizens enjoy a higher rate of interest.

• Conveniently book deposits through NetBanking.

• Nomination can now be made while booking Fixed deposits through NetBanking.

• Reinvesting your principal amount and interest earned can lead to compound interest.

2. HDFC Bank HealthCover FD:

A unique investment product combining the benefits of a Fixed Deposit with the safety of a Hospital Cash Cover.

• Hospital Cash Cover of Rs. 500 per day for 15 days on FD Amount 5 lacs to < 10 lacs.

• Hospital Cash Cover of Rs. 1000 per day for 15 days on FD Amount >=10 lacs to 1.99 Cr.

• Flexible tenure from 1 year to 10 years with the same interest rates as Regular Fixed Deposits.

• Option for monthly/quarterly interest payouts.

If you're interested in the HDFC FD interest rates, you'll find that this HealthCover FD offers competitive rates.

3. Five Year Tax Saving Fixed Deposit:

• Minimum Amount – Rs. 100 & in Multiples of Rs. 100.

• Maximum amount – Rs. 1.5 Lakhs in a financial year.

• Lock-in tenure of 5 years.

• Option for monthly and quarterly payouts.

• Joint deposits only grant Tax benefits under section 80c to the first holder of the deposit.

• TDS will be deducted if interest payable or reinvested on RD and FD exceeds Rs. 40,000/- and Rs. 50,000/- for senior citizens in a financial year.

For the latest information on HDFC FD interest rates, including the fixed deposit interest rate visit the official HDFC Bank website.

4. FCNR Fixed Deposits:

HDFC interest rates of FCNR Fixed Deposits are attractive and competitive. Below mentioned is more information about the same:

• 6 foreign currencies are available: USD, GBP, Euro, JPY, AUD, and CAD.

• Full repatriation of principal and interest.

• The entire deposit is tax exempted.

• Joint account with other NRIs allowed.

• Super Saver facility: Overdraft on NRO Savings/Current account against FCNR Fixed Deposit.

• Nomination facility available.

• Minimum initial deposit: USD 1,000, GBP 2,500, Euro 2,500, JPY 7,50,000, AUD 1,000, CAD 1,000.

5. Overdraft Against HDFC Fixed Deposit Interest Rates:

• Fulfill urgent financial needs without breaking your FD.

• Instantly avail up to 90% of overdraft on your FD.

• FD/Super Saver facility.

• Avail Overdraft instantly through NetBanking on single-name-held deposits.

• Pay interest only on the drawn amount; the remaining FD continues to earn interest.

• Flexibility to modify deposit period, maturity, payment instructions, and rollover mode before maturity.

• Link your FD to a Savings Account or Current Account.

• Cancel OD facility via NetBanking for singly held FDs.

6. HDFC My Passion Fund:

• The deposit can be named after the passion the individual is saving up for.

• Flexibility in how much and how often the monthly amount is deposited.

• A month's maximum top-up can be two times the installment amount.

• Interest rates are equal to regular FDs.

• The minimum investment can be Rs. 1,000, and the maximum investment can be Rs. 14,99,900 per month.

• No penalty for premature withdrawal.

• Minimum lock-in period of one month.

• 7.37% interest rate for 35 months and 7.40% interest rate for 55 months. Senior citizens get an additional 0.50%.

**It is suggested to use an online FD calculator tool to get the estimated value of returns before making the investment decision.

• HDFC Bank provides a nomination facility, ensuring a smooth succession of the FD in case of unforeseen circumstances.

• Depositors benefit from competitive HDFC FD rates, ensuring optimal returns on their investment.

• Avail of the Sweep-in and Super Saver facility, allowing convenient management of funds within the FD account.

• Reinvest your principal along with earned interest to maximize returns through compound interest.

• Partnership firms

• Sole proprietorship firms

• Trust accounts

• Limited companies

2. Proof of Address:

Electricity bill, Bank statement including cheque, ID or license issued by the, Post Office, Telephone bill, Passport

1. Internet Banking:

To invest via Internet banking, the following steps need to be followed:

• Login to the HDFC account

• Click on the “Open Fixed Deposit” option under the “transaction” tab.

• Fill in the needful details like the tenure of the policy and the amount willing to be invested.

• Provide nominee details.

• Check all details before proceeding further.

• A receipt will be generated that can be downloaded instantly.

2. HDFC Bank Mobile Application:

To open an FD account via the mobile application of HDFC, the following steps need to be followed:

• Download HDFC banking app on your mobile (iOS or Android).

• Sign in to the app by generating new credentials.

• After signing in, head to the main menu and select the deposit option.

• Under the “Deposits” option, choose the “Open Fixed Deposit” tab.

• Fill in all the required details and upload the required documents.

• A receipt will be generated after successfully providing all the details, which can be downloaded immediately.

Note: If you have an HDFC Bank account and wish to book an FD offline, visit the nearest branch, fill out the application form, and submit it.
If you don't have an HDFC Bank savings account, complete the KYC process and submit required documents along with the signed application form and be sure to stay updated on the HDFC FD interest rates.

2. Interest Calculation and Compounding:

• Interest on HDFC Bank FD is compounded quarterly, enhancing the overall returns on the investment.

3. Joint Deposits and Tax Savings:

• Tax savings under Section 80C apply only to the first holder in joint deposits. It's essential to consider this when opting for a joint FD.

4. TDS on Interest:

• TDS (Tax Deducted at Source) on interest is deducted quarterly.

• Exemption from TDS requires the submission of Form 15G/Form H.

5. Form 15G/Form H Submission:

• Individuals seeking exemption from TDS must submit a completed Form 15G/Form H.

• Submission is required within the first week of the new Financial Year and whenever a new deposit is made.

6. Submission Options:

• Forms can be submitted at the nearest HDFC Bank branch or online, ensuring timely compliance to avoid TDS deductions.

This subtraction is not applicable in the following cases:

• At the time of the customer's demise.

• Deposit arranged for a 7-14 day term.

• Single Deposit booked with amount >= 5.25 Cr to < 5.50 Cr (w.e.f 29th Aug 2018)

• Single Deposit booked with amount >=24.75 Cr to < 25 Cr (w.e.f. 29th Aug 2018)

• Single FD booked with value >=25 crore (post Sept 2017)

• NRE fixed deposits.

• The withdrawal amount can be transferred only to Savings/Current account from the FD initiated.

• No partial transfer to the savings or current account is allowed.

• Withdrawal allowed only to the sole owner of the account.

• In case of a lien marked on the FD, one has to visit the bank branch for withdrawal.

• No interest given on NRE FDs. For FCNR FDs withdrawal, one has to go to a branch.

• NRO FD early withdrawal: tax refund (if applicable) credited within 3-4 days; full amount to NRO account.

• Approval for loans up to 90% of the FD's value for most investors.

• NRE (Non-Residential External) and NRO (Non-Residential Ordinary) FD account holders can also avail extensive loan quantum.

• Foreign Currency non-repatriable fixed deposit investors are eligible for a loan of up to 70% of the FD's worth.

• Loans against FDs provide a convenient financing option for those needing funds while keeping their FD investment intact.

• Ensure compliance with HDFC Bank's terms and conditions for loan approval against FDs.

• Interest rates and repayment terms may vary, so it's crucial to understand the specific details.

• Investors can meet their financial needs without breaking their fixed deposit, allowing them to continue earning interest on the remaining amount.

• Limited to investors operating Regular Fixed Deposit schemes.

• Not available for Tax Saving Fixed Deposit product holders.

• NRE and NRO account holders benefit from the same loan facilities, enhancing financial flexibility for Non-Resident Indians.

• Foreign Currency non-repatriable fixed deposit investors can secure loans up to 70% of the FD value.

• Interested individuals can inquire about and apply for a loan against their HDFC FD through the bank's designated channels.

• Access to funds while maintaining the original investment aligns with the financial goals of many investors.