HDFC Fixed Deposit is a secure investment option, where you can deposit your money for a specific period, ranging from 7 days to 10 years. The interest rates currently range from 3.50% to 7.75% per annum, with senior citizens benefiting from an additional 0.50% interest across all tenures. Read on to know more about HDFC fixed deposit interest rates:
| Tenure | REGULAR RATES | SENIOR CITIZEN |
| 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 | 7.10% | 7.60% |
| 18 months – less than 21 months | 7.25% | 7.75% |
| 21 months – 2 years | 7.00% | 7.50% |
| 2 years 1 day – less than 2 years 11 months | 7.00% | 7.50% |
| 2 years 11 months (35 months) | 7.35% | 7.85% |
| 2 years 11 months 1 day – 3 years | 7.00% | 7.50% |
| 3 years 1 day – less than 4 years 7 months | 7.00% | 7.50% |
| 4 years 7 months (55 months) | 7.40% | 7.90% |
| 4 years 7 months 1 day – 5 years | 7.00% | 7.50% |
| 5 years 1 day – 10 years | 7.00% | 7.50% |
FD interest rates have been declining over last few years and is expected to further fall, as Indian economy grows in coming years.
For investors looking for a fixed return investment option, HDFC offers Guaranteed return plans as well which can be considered as an alternative to FD. These plans offer higher returns and come with an additional benefit of life cover for ensuring financial security for the investors family.
Guaranteed return plan - Lumpsum
You Give
₹10 Lac
in 10 YearsYou Get
1.81 Times
₹18.1 Lac
in 15th Year
Guaranteed return plan - Income
You Give
₹10 Lac
in 10 YearsYou Get
3.89 Times
₹38.9 Lac
Total Investment
Interest Earned
Maturity Amount| BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
| HDFC Bank FD Rates | 3.00% - 7.20% | 3.50% - 7.75% |
| SBI FD Rates | 3.00% - 7.10% | 3.50% - 7.60% |
| Axis Bank FD Rates | 3.00% - 7.10% | 3.50% - 7.75% |
| ICICI FD Rates | 3.00% - 7.10% | 3.50% - 7.65% |
| Canara Bank FD Rates | 4.00% - 7.25% | 4.00% - 7.75% |
| Yes Bank FD Rates | 3.25% - 7.75% | 3.75% - 8.25% |
| Kotak Mahindra FD Rates | 2.75% - 7.25% | 3.25% - 7.75% |
| Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
| Union Bank of India Rates | 3.00% - 7.00% | 3.50% - 7.50% |
| Indusind Bank Rates | 3.50% - 7.85% | 4.25% - 8.25% |
| PNB Rates | 3.50% - 7.25% | 4.00% - 7.75% |
| Bank of Baroda FD Rates | 3.00% - 7.25% | 3.50% - 7.75% |
| IDFC Bank Rates | 3.00% - 7.50% | 3.50% - 8.00% |
| Indian Bank FD Rates | 2.80% - 6.70% | 2.80% - 7.20% |
| DBS Bank FD Rates | 2.50% - 5.50% | 2.50% - 5.50% |
| UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
| Bank of India FD Rates | 3.00% - 7.25% | 3.00% - 7.75% |
| IDBI Bank FD Rates | 2.90% - 5.30% | 3.40% - 5.90% |
| Central Bank of India FD Rates | 2.75% - 5.15% | 3.25% - 5.65% |
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HDFC Bank is a leading private sector bank in India. It was founded in 1994 as a housing finance company and has since grown to become one of the largest banks in the country. HDFC Bank has a wide range of products and services, including savings accounts, current accounts, credit cards, loans, and insurance. The bank also has a strong presence in the digital banking space, offering a variety of online and mobile banking services.
HDFC Bank Fixed Deposits offer a secure and flexible way to grow your savings. Choose from tenures ranging from 1 week to 10 years, and enjoy attractive interest rates, currently reaching up to 7.20% on special editions. The HDFC FD interest rate 2024 scheme comes packed with additional benefits like a Sweep-in facility for the automatic transfer of surplus funds, a Super Saver option for higher returns on reinvestments, and loans against FD to access liquidity without breaking the deposit.
HDFC fixed deposit rates for NRE customers are listed in the table below:
Regular Fixed Deposits
HDFC Bank HealthCover FD
Five Year Tax Saving Fixed Deposit
FCNR Deposits
Overdraft Against Fixed Deposits
Dream Deposit
HDFC Bank offers Fixed Deposit (FD) accounts with various features and benefits. Here are some key features of HDFC FD Interest Rates 2024:
Senior citizens enjoy an additional interest rate of 0.50% p.a. above regular rates.
Open an FD account with HDFC Bank with a minimum deposit of just Rs. 5000.
HDFC Bank provides a nomination facility, ensuring a smooth succession of the FD in case of unforeseen circumstances.
Below are the groups and individuals who are eligible to open HDFC Fixed Deposit Rates Account:
Hindu undivided families
Residents
Partnership firms
Here is a list of documents required when determining HDFC fixed deposit interest rate 2024:
1. Proof of Identity: Aadhaar card, Passport, Voter ID, Driving Licence, PAN card, Ration card with photo, or Any government-issued ID card.
2. Proof of Address: Electricity bill, Bank statement including cheque, ID or license issued by the, Post Office, Telephone bill, Passport
An investor can opt for either of the following methods to invest in the HDFC FD interest rates 2024 Scheme:
1. Tax Savings under Section 80C:
HDFC Bank Fixed Deposit offers a tax-saving investment option eligible for deduction under Section 80C of the Income Tax Act.
The deposited amount qualifies for tax benefits, making it a viable avenue for individuals looking to save on taxes.
2. Interest Calculation and Compounding:
Interest on HDFC Bank FD is compounded quarterly, enhancing the overall returns on the investment.
If you decide to make a premature withdrawal of your HDFC Fixed Deposit, an interest rate will apply. This rate will be the lower amount between the base rate for the original deposit tenure and the base rate applicable for the tenure the deposit has been with the bank.
Available for investors with Regular Fixed Deposit schemes.
Not applicable to HDFC Tax Saving Fixed Deposit product holders.
Approval for loans up to 90% of the FD's value for most investors.
The highest HDFC FD interest rate 2024 that you can get is 4.6 percent for a long-term FD ranging between INR 1 crores and 5 crores. For FDs lesser than 2 crore rupees, you can earn the best interest rate of 5.60% again for long-term deposits.
For investors looking for a fixed return investment option. These plans offer higher returns and come with an additional benefit of life cover for ensuring financial security for the investor’s family.
Yes, HDFC bank FD rates 2024 for senior citizens are 0.5 more than normal FD interest rates in HDFC bank.
You can open an FD with HDFC bank for a tenure of a minimum of 7 days and a maximum of 10 years.
You can start your HDFC bank Fixed deposit with a minimum of Rs. 5000.
Below are the groups and individuals who are eligible to open a Regular HDFC Fixed Deposit Account-
Once an FD account is opened with HDFC bank, you cannot change its tenure. In this case, you will have to close your current FD account and then open a new FD account for the required tenure.
Below are the groups and individuals who are eligible to open a Regular HDFC Fixed Deposit Account:
* Tax adjustment considering income tax slab of 30%
** Life cover for a plan with an annualized premium of Rs 1L
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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