Whenever you make an investment, whether big or small it is advisable to know the institution you are entrusting is capable of providing you with equally better benefits and services. An Indian Banking and Financial Services Company, HDFC Bank (Housing Development Finance Corporation) is one such name you can trust upon. This private sector bank with its wide network is known for offering multiple financial services to all citizens of the country. When it comes to financial offerings, the bank has a plethora of products to choose from, and HDFC Fixed Deposit is one of them. That's right! In order to cater the saving needs of the customer, the bank offers best of FD schemes, wherein customers can get the assured maturity benefits on the invested amount. It offers Regular and 5 Year Tax Saving Fixed Deposits schemes to the customers. These schemes come to you with multiple benefits and features and are here to offer you flexibility, security and excellent returns. So, let's learn more about these FD schemes and plan the investment.

HDFC FD Interest Rates

The customers can avail these FD schemes offered by HDFC at competitive interest rates, thus can enjoy unlimited benefits at the time of maturity. The FD rate of the bank ranges between 3.50% - 6.80% per annum for domestic deposits on less than 1 crore. Whereas, if the deposited amount is more than 1 crore but less than 5 crores, the rates are 4.25%- 6.50% per annum. Apart from this, the bank also offers special rates to senior citizens that range between 4%-7.30% per annum for less than 1 crore and 4.75% - 7.00% per annum for more than 1 crore but less than 5 crore deposits. However, these rates will vary according to the period of investment (lock-in period) and investor's category. It is up to you which lock-in period you want to choose, and that decides your interest earned on the deposited amount.

For your reference, below are the interest rates mentioned for different lock-in periods.

For Domestic/NRO and NRE Deposit Rates

Period

<₹ 1 Crore

>=₹1 Crore to < ₹5Crores

Interest Rate

(per annum)

Interest Rates (per annum)

Senior Citizen Rates

(per annum)

Interest Rates (per annum)

Senior Citizen Rates

(per annum)

7 - 14 days

3.50%

4.00%

4.25%

4.75%

15 - 29 days

4.25%

4.75%

4.25%

4.75%

30 - 45 days

5.50%

6.00%

4.25%

4.75%

46 - 60 days

5.75%

6.25%

4.50%

5.00%

61 - 90 days

5.75%

6.25%

4.50%

5.00%

91 days - 6 months

5.75%

6.25%

6.05%

6.55%

6 months 1 day - 6 months 3 days

6.00%

6.50%

5.25%

5.75%

6 months 4 days

6.00%

6.50%

6.25%

6.75%

6 months 5 days - 9 months 3 days

6.00%

6.50%

5.25%

5.75%

9 months 4 days

6.00%

6.50%

6.25%

6.75%

9 months 5 days - 9 months 15 days

6.00%

6.50%

5.25%

5.75%

9 months 16 days - < 1 year6.25%6.75%5.25%5.75%

1 Year

6.80%

7.30%

6.50%

7.00%

1 year 1 day - 1 year 3 days

6.80%

7.30%

4.90%

5.40%

1 year 4 days

6.25%

6.75%

6.50%

7.00%

1 year 5 days - 1 Year 15 Days

6.25%

6.75%

5.00%

5.50%

1 Year 16 days

6.25%

6.75%

5.00%

5.50%

1 year 17 days - 2 Years

6.25%

6.75%

5.00%

5.50%

2 years 1day - 2 Years 15 days

6.00%

6.50%

5.00%

5.35%

2 Years 16 days

6.00%

6.50%

5.00%

5.35%

2 years 17 days - 3 Years

6.00%

6.50%

4.85%

5.35%

3 years 1day - 5 years

6.00%

6.50%

4.85%

5.35%

5 Years 1 Day - 8 Years

6.00%

6.50%

4.85%

5.35%

8 Years 1 Day - 10 Years

6.00%

6.50%

4.85%

5.35%

For Domestic/NRO and NRE Deposit Rates for Amounts Greater Than or Equal to 5 Crore (Withdrawable)

PeriodInterest Rate (per annum) for ₹5 <₹100 crores

7 - 14 days

4.25%

15-29 days

4.25%

30-45 days

4.25%

46-60 days

4.50%

61-90 days

4.50%

91 days - 6 months

6.05%

6 months 1day - 6 months 3 days

5.25%

6 months 4 days6.25%

6 months 5 days - <9 months 3 days

5.25%

9 months 4 days6.25%

9 months 5 days - <1 year

5.25%

1 Year

6.50%

1 year 1 day - 1 year 3 days

4.90%

1 year 4 days6.50%
1 year 5 days - 2 years5.00%

2 years 1 day - 3 years

4.85%

3 years 1 day - 5 years

4.85%

5 year 1 day - 10 years

4.85%

HDFC Fixed Deposit Calculator

When it comes to Fixed deposit calculator, it is one such smart tool that allows you to know the returns earned on your deposited amount. This useful and time-saving device gives you the exact calculations of interest earned on your deposit. You just need to enter the principal amount, tenure and interest rate, that's it. The rest will be done by the calculator itself, thus helps you in knowing the returns over a period of time. In fact, it also allows you to compare returns on multiple deposited amounts for different lock-in period. You just need to select the best option that fits best into your needs.

Let's understand this thing with the help of an example below.

Suppose, Ashish Mishra wants to deposit ₹10 Lakh in HDFC bank for a period of 10 years. Thus, for the same, the bank is ready to pay him an interest of let's say 5.00% p.a. Now, how much money will he get at the maturity? It is easy to calculate the same with the help of the FD Calculator. His maturity value will come out to be ₹ 16.4 Lakh and he will earn the interest of ₹6.4 Lakh. For your reference below is a table showing the opening balance, interest earned and closing balance of the same deposited amount.

YearOpening Balance (in ₹)Interest Earned (in ₹)Closing Balance (in ₹)

1

1000000

50945

1050945

2

1050945

53541

1104486

3

1104486

56268

1160754

4

1160754

59135

1219889

5

1219889

62148

1282037

6

1282037

65314

1347351

7

1347351

68641

1415992

8

1415992

72138


1488130

9

1488130

75813


1563943

10

1563943

79676

1643619

HDFC Fixed Deposit Schemes

The bank offers 2 fixed deposit schemes to the customers, offering them various benefits on the deposited amount at the maturity. Below are the schemes offered by HDFC.

Regular Fixed Deposit

Under this plan, the customer can open the account with a minimum amount of ₹ 5,000 for the maximum tenure of 10 years and get multiple advantages. They can choose amongst the sweep in facility & super saver facility which allows easy management of funds. Moreover, the customer can add a nominee to the term plan who will receive the maturity amount in case the depositor is unavailable.

ParticularsDescription

Minimum Deposit Amount

₹5,000

Maximum Deposit Amount

No Specific Limit

Minimum Deposit Tenure

7 Days to 10 Years

Interest Payout

As per customer's instruction

TDS

Applicable

Premature Withdrawal

Allowed at 1% penal rates

Nomination Facility

Available

Sweep in Facility & Super Saver Facility

Available (either of the two)

Eligibility for Regular HDFC FD Schemes

If you want to avail a regular FD from HDFC, you also need to fit into the eligibility criteria to reap the maturity. So take a look below to know the individuals and groups eligible for the same.

  • Residents

  • Hindu Undivided Families

  • Sole Proprietorship Firms

  • Partnership Firms

  • Limited Companies

  • Trust Accounts

5 Year Tax Saving Fixed Deposit

The customer can save on taxes by investing a definite amount in this scheme. This amount is locked-in for the period of 5 years and cannot be withdrawn before it. The tax benefit under section 80 C will be provided only to the first holder in case of joint deposit. The depositor is entitled to receive interest at monthly or quarterly rest.

Particulars

Description

Minimum Deposit Amount

₹100 and in multiples of ₹100

Maximum Deposit Amount

₹150,000 in a Financial Year

Minimum Deposit Tenure

5 Years

Interest Payout

Monthly or Quarterly

Lock in Period

5 years

TDS Tax Benefits

Under section 80C of Income Tax Act

Premature Withdrawal

Not allowed

Nomination Facility

Available

Below is the applicable TDS rates mentioned for your reference:

 

Tax Rate

Surcharge

Education Cess

Total

Resident Individuals & HUF

10%

  

10%

Eligibility for HDFC 5 Year Tax Saving Fixed Deposit

Those who want to avail the same FD scheme can go for the same, if they meet the eligibility criteria set by the bank. To know the same, take a look below.

  • Resident Individuals can easily apply for the same

  • Hindu Undivided Families can also avail the same FD Scheme.

Documentation Required for HDFC Fixed Deposit

The candidate opening the term deposit account has to submit the following documents :

ID Proof

Address Proof

Passport

Passport

PAN Card

Telephone Bill

Driving Licence

Electricity Bill

Voter ID

ID Card Issued by Post Office

Government ID Card

Bank Statement with Cheque

Senior Citizen ID Card

Any other ID proof or address proof document can be submitted subject to bank's satisfaction

HDFC Fixed Deposit Form

The fields you need to fill in the Fixed Deposit Form are:

  • Details of applicant/applicants with photograph

  • Details of nominee

  • Interest payout details

  • Maturity instructions

  • Choose among Sweep-in facility/ Super saver facility

Features & Benefits

HDFC FD schemes offer numerous benefits and features to the customer, so take a look at them below.

  • You can avail these schemes through Netbanking

  • The customer can Liquidate their Deposit

  • These schemes come to you with flexible lock-in period

  • Best Interest Rates for Senior Citizens

  • Various Interest Payout Options