Exploring HDFC FD Interest Rates 2023: Choose the Perfect Scheme for Your Deposit

The fixed deposit rates of HDFC Bank have been updated for 2023. To the general public, HDFC has offered a fixed deposit interest rate of 3 – 7.25% p.a. On a tenure of 7 days to 10 years, the senior citizens get an HDFC FD interest rate 2023 of 3.50 – 7.75% per annum. With this, there is a different interest rate on the tax-saving FDs of HDFC Bank.

The bank also provides different fixed deposit products for NRO, NRIs, NRE, FCNR, and RFC. And accordingly, there is a different interest rate for each of them. The bank further accepts the FCNS fixed deposits in Euro, US Dollars (USD), Japanese Yen (JPY), British Pound Sterling (GBP), Australian Dollar (AUD), and Canadian Dollar (CAD). The bank also accepts the RFC fixed deposits in JPY, Euro, GBP, and USD.

Highlights of the HDFC Bank Fixed Deposit Rates for 2023

Maximum Slab Rate7.25% p.a. [4 years 7 months (Special Edition FD - 55 months)]
Tax-Saving FD7.00% p.a.
For 5 years7.00% p.a.
For 4 years7.00% p.a.
For 3 years7.00% p.a.
For 2 years7.00% p.a.
For 1 year6.60% p.a.

HDFC FD Interest Rates 2023

HDFC Bank Tax Saves FD

DurationCitizensSenior Citizens

5 years


HDFC FD Interest Rates 2023 on NRE/Domestic Deposits/NRO of Below Rs. 2 Crore w.e.f. 29th May 2023

DurationCitizensSenior Citizens
7 - 14 days3.003.50
15 - 29 days3.003.50
30 - 45 days3.504.00
46 - 60 days4.505.00
61 - 89 days4.505.00
90 days - 6 months4.505.00
6 months - 9 months5.756.25
9 months - less than 1 year6.006.50
1 year - less than 15 months6.607.10
15 months - less than 18 months7.107.60
18 months - less than 21 months7.007.50
21 months - 2 years7.007.50
2 years - less than 2 years 11 months7.007.50
2 years 11 months (Special Edition FD - 35 months)7.207.70
2 years 11 months - 3 years7.007.50
3 years - less than 4 years 7 months7.007.50
4 years 7 months (Special Edition FD - 55 months)7.257.75
4 years 7 months - 5 years7.007.50
5 years - 10 years7.007.75*
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With these HDFC FD interest rates 2023, there are some important points that you need to consider. The points include the following:

  • The minimum tenure for the NRE deposits is a year.
  • *Under the Senior Citizens Care FD, there is an extra 0.25% above the existing interest rate for senior citizens.
  • The additional rates for senior citizens do not apply to NRE and NRO deposits.
  • The increase in fixed deposit rates gets implemented even when it is one day over the specific duration. For instance, your interest rate is 4.50% for 90 days to 6 months. However, for 6 months one day to 9 months, your interest rate gets boosted to 5.75%.


The HDFC FD interest rates 2023 get updated every year to some degree. However, while familiarising yourself with the different rates, you can also go through the different HDFC fixed deposit schemes. You can identify the most suitable and how these rates affect your deposit by going through the different schemes. And while you are going through the schemes, you can also check the maturity amount using an HDFC fixed deposit calculator. 

Frequently Asked Questions

1. In which tenure is the HDFC FD interest rate 2023 the highest?

Presently, the highest rate is for a tenure of 4 years 7 months (special edition FD – 55 months). The rate is 7.25% in this tenure, and senior citizens can have an interest for 7.75% for the tenure of 5 years 1 day to 10 years and for 55 months.

2. Is it mandatory to provide PAN details while opening an FD deposit with HDFC Bank?

3. Is it possible for an investor to change the FD’s maturity period?

Once the mandate has been finalised, the investor cannot change the maturity period.

4. Will I be able to invest more in my active fixed deposit scheme of HDFC?

Fixed deposits are one-time investments. It means that your investment amount and interest rates are all fixed and cannot be changed.

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