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HDFC Bank FD Interest Rate Calculator

HDFC Bank FD online calculator will help you calculate the interest that your money will earn when kept in a fixed deposit in HDFC Bank. This will give the details of investment that's the principal amount on maturity after the interest is compounded on days or a monthly, quarterly, half-yearly and yearly basis. To learn about how your fixed deposit earns interest and how much will be your earning at the end of the tenure chosen, Goodreturns online calculators will help you.

HDFC Bank Fixed Deposit Interest Rates

HDFC Bank fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good returns on your investment, then fixed deposit is the way to go. Checking the HDFC Bank fixed deposit interest rate and making the decisions is now very easy.


For domestic deposits - Less than Rs. 1 cr [ Revised on : 27-06-2018 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
7 days to 14 days Less than Rs. 1 cr 3.50 4.00
15 days to 29 days Less than Rs. 1 cr 4.25 4.75
30 days to 45 days Less than Rs. 1 cr 5.75 6.25
46 days to 60 days Less than Rs. 1 cr 6.25 6.75
61 days to 90 days Less than Rs. 1 cr 6.25 6.75
91 days to less than 6 months Less than Rs. 1 cr 6.25 6.75
6 months 1 day to 6 months 3 days Less than Rs. 1 cr 6.35 6.85
6 months 4 days Less than Rs. 1 cr 6.35 6.85
6 months 5 days to 9 months Less than Rs. 1 cr 6.40 6.90
9 mnths 1 day 9 months 3 days Less than Rs. 1 cr 6.40 6.90
9 mnths 4 days Less than Rs. 1 cr 6.40 6.90
9 months 5 days - 9 months 15 days Less than Rs. 1 cr 6.40 6.90
9 months 16 days Less than Rs. 1 cr 6.40 6.90
9 mnths 17 day- less 1 Year Less than Rs. 1 cr 6.40 6.90
1 Year Less than Rs. 1 cr 6.85 7.35
1 year 1 day - 1 year 3 days Less than Rs. 1 cr 6.65 7.15
1 year 4 days Less than Rs. 1 cr 6.65 7.15
1 year 5 days - 1 Year 15 Days Less than Rs. 1 cr 6.65 7.15
1 Year 16 days Less than Rs. 1 cr 6.65 7.15
1 year 17 days - 2 Years Less than Rs. 1 cr 7.00 7.50
2 years 1day - 2 Years 15 days Less than Rs. 1 cr 7.00 7.50
2 Years 16 days Less than Rs. 1 cr 7.00 7.50
2 years 17 days - 3 Years Less than Rs. 1 cr 7.00 7.50
3 years 1days - 5 years Less than Rs. 1 cr 7.00 7.50
5 years 1days - 8 years Less than Rs. 1 cr 6.00 6.50
8 years 1 day-10 years Less than Rs. 1 cr 6.00 6.50

For domestic deposits - Rs. 1 cr to up to 5 crs [ Revised on : 27-06-2018 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
7 days to 14 days Rs. 1 cr to up to 5 crs 4.25 4.75
15 days to 29 days Rs. 1 cr to up to 5 crs 4.25 4.75
30 days to 45 days Rs. 1 cr to up to 5 crs 6.25 6.75
46 days to 60 days Rs. 1 cr to up to 5 crs 6.50 7.00
61 days to 90 days Rs. 1 cr to up to 5 crs 6.75 7.25
91 days to less than 6 months Rs. 1 cr to up to 5 crs 6.55 7.05
6 months 1 day to 6 months 3 days Rs. 1 cr to up to 5 crs 7.00 7.50
6 months 4 days Rs. 1 cr to up to 5 crs 7.00 7.50
6 months 5 days to 9 months Rs. 1 cr to up to 5 crs 7.00 7.50
9 mnths 1 day 9 months 3 days Rs. 1 cr to up to 5 crs 7.10 7.60
9 mnths 4 days Rs. 1 cr to up to 5 crs 7.10 7.60
9 months 5 days - 9 months 15 days Rs. 1 cr to up to 5 crs 7.10 7.60
9 months 16 days Rs. 1 cr to up to 5 crs 7.10 7.60
9 mnths 17 day- less 1 Year Rs. 1 cr to up to 5 crs 7.10 7.60
1 Year Rs. 1 cr to up to 5 crs 7.25 7.75
1 year 1 day - 1 year 3 days Rs. 1 cr to up to 5 crs 7.25 7.75
1 year 4 days Rs. 1 cr to up to 5 crs 7.25 7.75
1 year 5 days - 1 Year 15 Days Rs. 1 cr to up to 5 crs 7.25 7.75
1 Year 16 days Rs. 1 cr to up to 5 crs 7.25 7.75
1 year 17 days - 2 Years Rs. 1 cr to up to 5 crs 7.25 7.75
2 years 1day - 2 Years 15 days Rs. 1 cr to up to 5 crs 7.10 7.60
2 Years 16 days Rs. 1 cr to up to 5 crs 7.10 7.60
2 years 17 days - 3 Years Rs. 1 cr to up to 5 crs 7.10 7.60
3 years 1days - 5 years Rs. 1 cr to up to 5 crs 6.85 7.35
5 years 1days - 8 years Rs. 1 cr to up to 5 crs 6.85 7.35
8 years 1 day-10 years Rs. 1 cr to up to 5 crs 6.85 7.35

Tax Saver Fixed Deposits [ Amount capped at Rs. 1 lakh per Financial Year ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
HDFC Bank Tax Saver Deposits - 5 years Upto Rs. 1 lakh 6.00 6.50

For NRO Fixed Deposit - Less than Rs. 1 cr [ Revised on : 27-06-2018 ]

Maturity Period Deposit Amount Interest Rate
7 days to 14 days Less than Rs. 1 cr 3.50
15 days to 29 days Less than Rs. 1 cr 4.25
30 days to 45 days Less than Rs. 1 cr 5.75
46 days to 60 days Less than Rs. 1 cr 6.25
61 days to 90 days Less than Rs. 1 cr 6.25
91 days to less than 6 months Less than Rs. 1 cr 6.25
6 months 1 day to 6 months 3 days Less than Rs. 1 cr 6.35
6 months 4 days Less than Rs. 1 cr 6.35
6 months 5 days to 9 months Less than Rs. 1 cr 6.40
9 mnths 1 day 9 months 3 days Less than Rs. 1 cr 6.40
9 mnths 4 days Less than Rs. 1 cr 6.40
9 months 5 days - 9 months 15 days Less than Rs. 1 cr 6.40
9 months 16 days Less than Rs. 1 cr 6.40
9 mnths 17 day- less 1 Year Less than Rs. 1 cr 6.40
1 Year Less than Rs. 1 cr 6.85
1 year 1 day - 1 year 3 days Less than Rs. 1 cr 6.65
1 year 4 days Less than Rs. 1 cr 6.65
1 year 5 days - 1 Year 15 Days Less than Rs. 1 cr 6.65
1 Year 16 days Less than Rs. 1 cr 6.65
1 year 17 days - 2 Years Less than Rs. 1 cr 7.00
2 years 1day - 2 Years 15 days Less than Rs. 1 cr 7.00
2 Years 16 days Less than Rs. 1 cr 7.00
2 years 17 days - 3 Years Less than Rs. 1 cr 7.00
3 years 1days - 5 years Less than Rs. 1 cr 7.00
5 years 1days - 8 years Less than Rs. 1 cr 6.00
8 years 1 day-10 years Less than Rs. 1 cr 6.00

For NRO Fixed Deposit - Rs. 1 cr to up to 5 crs [ Revised on : 27-06-2018 ]

Maturity Period Deposit Amount Interest Rate
7 days to 14 days Rs. 1 cr to up to 5 crs 4.25
15 days to 29 days Rs. 1 cr to up to 5 crs 4.25
30 days to 45 days Rs. 1 cr to up to 5 crs 6.25
46 days to 60 days Rs. 1 cr to up to 5 crs 6.50
61 days to 90 days Rs. 1 cr to up to 5 crs 6.75
91 days to less than 6 months Rs. 1 cr to up to 5 crs 6.55
6 months 1 day to 6 months 3 days Rs. 1 cr to up to 5 crs 7.00
6 months 4 days Rs. 1 cr to up to 5 crs 7.00
6 months 5 days to 9 months Rs. 1 cr to up to 5 crs 7.00
9 mnths 1 day 9 months 3 days Rs. 1 cr to up to 5 crs 7.10
9 mnths 4 days Rs. 1 cr to up to 5 crs 7.10
9 months 5 days - 9 months 15 days Rs. 1 cr to up to 5 crs 7.10
9 months 16 days Rs. 1 cr to up to 5 crs 7.10
9 mnths 17 day- less 1 Year Rs. 1 cr to up to 5 crs 7.10
1 Year Rs. 1 cr to up to 5 crs 7.25
1 year 1 day - 1 year 3 days Rs. 1 cr to up to 5 crs 7.25
1 year 4 days Rs. 1 cr to up to 5 crs 7.25
1 year 5 days - 1 Year 15 Days Rs. 1 cr to up to 5 crs 7.25
1 Year 16 days Rs. 1 cr to up to 5 crs 7.25
1 year 17 days - 2 Years Rs. 1 cr to up to 5 crs 7.25
2 years 1day - 2 Years 15 days Rs. 1 cr to up to 5 crs 7.10
2 Years 16 days Rs. 1 cr to up to 5 crs 7.10
2 years 17 days - 3 Years Rs. 1 cr to up to 5 crs 7.10
3 years 1days - 5 years Rs. 1 cr to up to 5 crs 6.85
5 years 1days - 8 years Rs. 1 cr to up to 5 crs 6.85
8 years 1 day-10 years Rs. 1 cr to up to 5 crs 6.85

Different Types of Fixed Deposit Available With HDFC Bank

Individuals having HDFC Bank account fixed deposit can open online within few steps. The interest rate on domestic deposit varies with the deposit amount. Below table provides interest rate depending on the amount.

Tax Saving Fixed Deposit

Individuals can open tax saving fixed deposit with HDFC bank and avail tax benefits on the same. The amount eligible under the scheme is Rs 150,000 which means one can avail tax benefits for the invested amount up to Rs 1,50,000.

Interest rate on tax saver fixed deposit will be applicable same as the current prevailing interest rates.However, TDS will be applicable for the amount exceeding Rs 10,000 per year.Make sure to update the PAN else TDS will be levied at 20 per cent instead of 10 per cent.

NRO Fixed Deposits

Nonresident Indians can open NRO fixed deposit which can be maintained in Indian rupees. NRI's can repatriate the interest earned on fixed deposit. There is also the facility to avail overdraft up to 90% of the deposit.

The minimum amount an NRO Fixed Deposit can be opened with Rs 25,000/- and the amount required for Add-on fixed deposit is Rs 10,000/. Interest earned will be credited to NR0 Savings Account every quarter of the year.NRO fixed deposit can be opened jointly with a resident individual. Note that NRO funds cannot be used to create NRE or FCNR deposit.

NRE Fixed Deposits

The minimum amount required to open an NRE Fixed Deposit Account is Rs 25,000/- and the amount required for Add-on Fixed Deposits is Rs 10,000/-. HDFC NRE Fixed deposit holder will not get a cheque book or debit card.

NRE deposit holders can break deposit before the maturity period. NRE Deposits will be eligible for interest only if they hold it for a minimum period of one year. Funds held in NRE fixed deposit are exempted from income tax in India.

Fixed Deposits in HDFC Bank

Regular Fixed Deposit

• The fixed deposit can be opened by Indian residents, Sole Proprietorship Firms, Partnership Firms, Trust accounts, Hindu Undivided Families, Limited Companies.
• Minimum deposit amount is Rs 5,000.
• PAN is a must if the amount of deposit exceeds Rs 50,000.
• TDS will be deducted if the interest amount per annum exceeds Rs 10,000.
• To avoid TDS, investors have to submit Form 15G/15H at the beginning of fiscal year (April 1).
• Nomination facility is available on the term deposits.
• The account can be opened and operated through online mode.

5 Year Tax Saving Fixed Deposit

• Tenure of the deposit is 5 years.
• The minimum amount of deposit is Rs 100 and in multiples of Rs 100.
• The maximum amount of deposit per annum is Rs 1,50,000.
• Lock in period of the deposit is 5 years.
• The tax benefit is available in the scheme.
• In case of a joint deposit – only the first account holder will be eligible to claim tax benefits under Section 80C of the Income Tax Act.
• Tax Deducted at Source will be as per the Income Tax Regulations.
• Investors can open the account either by physically visiting the branch or via online mode.

How Interest Rates Move?

FD interest rates movement is largely a factor, which is not completely, but at least partially determined by the Reserve Bank of India. The country's central bank controls the repo rates or the rates at which the RBI lends money to banks. When this interest rates move higher, it only pushed FD interest rates in the economy higher. HDFC Bank like most other banks then lends money according to these rates. Over the last few years, we have seen interest rates in the economy falling. However, they are now moving higher, which tends to benefit retired individuals and those who look at this avenue for sustenance.

Important Notes For Resident HDFC Bank’s Customers

  • The interest rates on fixed deposits of HDFC Bank is subject to vary from time to time purely at the discretion of the bank.
  • Special rates are applicable only for Resident deposits.
  • The interest rates on FD’s are calculated on a quarterly basis for all the deposits.
  • For deposits whose tenure is less than 6 months, simple interest method is adopted for arriving at the maturity value.
  • Cumulative interest or reinvestment interest is calculated during every quarter and the same is added to the principal amount during the end of the quarter.
  • In case of monthly deposit scheme, interest will be calculated on the quarterly basis and will be paid monthly at a discounted rate over the standard FD rates.
  • Tax Deducted at Source (TDS) will be deducted as per the Income Tax Act of 1961 at a regular interval of time (annual basis).
  • The minimum term of a fixed deposit to earn interest rate stands at 7 days. 
  • As interest rates are subject to change on a regular basis it is better to keep a tab on the same at the time of opening a new term deposit.
  • In case of fixed deposits whose principal amount is Rs 5 crore and more, partial premature withdrawal and the sweep-in facility is not allowed.
  • The NRE deposit will not earn any interest if withdrawn prematurely before a period of 1 year.
  • The Senior Citizens Rates are applicable for only Resident Indians and the same does not apply for NRIs.

Interest on Term Deposits (FD) is Calculated as mentioned below:

  • For less than 6 months tenure – Interest rates are calculated on a quarterly basis.
  • For more than 6 months tenure – Simple Interest method is followed to arrive at the maturity value.
  • Re-investment or cumulative interest is calculated during every quarter and the same is added to the principal amount to calculate the maturity value for the next quarter.
  • For Monthly Deposit Schemes, the interest rate will be calculated on a quarterly basis and the same will be paid on monthly basis at a discounted rate over the Standard FD Rate.

Nomination Facility

Most of the fixed deposits in Indian Banks provide nomination facilities to its depositor who can, in turn, nominate anyone of his choice as the beneficiary of the fixed deposit scheme in the event of the death of the investor before the maturity period of the said fixed deposit scheme. The nominated individual is referred to as ‘Nominee’. Applicants who are interested to propose a nominee will have to fill in a separate nomination form as prescribed under the Banking Companies (Nomination Rules) of 1985, to avail the nomination benefits.

The depositor can change the nominee at any point of time during the tenure of the fixed deposit (FD) scheme by informing the bank’s authorities.

The private lender, HDFC Bank also provides nomination facilities to its customers with respect to fixed deposit schemes.

Penalty Charges on HDFC Bank Fixed Deposits

The customer who wishes to withdraw the fixed deposit before the maturity period has to bear the penalty charges as levied by the bank at the time of close of the deposit.

The interest rate applicable for premature closure of FD will be lower of:

• The base rate applicable for the term for which the FD has been booked for
                                                         Or

• The base rate applicable for the term for which the FD has been in force with HDFC Bank.

The base rate is the rates which are applicable for deposits whose value is less than Rs 1 crore as on the date of initial deposit.

In case if the deposit value is more than Rs 5 crore, then the base rate will be the rate applicable for Rs 5 crore deposits as on the date of the initial deposit.

In the event of premature withdrawal of fixed deposit including sweep-ins and partial withdrawals, the bank will charge a penalty of 1% on the applicable rate.

Please Note: Penalty for premature withdrawal is not applicable on fixed deposits whose tenure ranges between 7 – 14 days.

Latest Atricles

HDFC Bank Hikes Fixed Deposit Interest Rates

The HDFC Bank has raised the interest rates on its fixed deposits on various maturities by up to 0.6 percentage points and the same will come into effect from August 6, 2018. The interest rates are hiked on term deposits which have a maturity period ranging from 6 months to five-year term.

HDFC FD interest rates for the tenure ranging between

  • 6 months 1 day – 9 months tenure is 6.75% 
  • 9 months 1 day – less than 1-year tenure is 7.00% 
  • 1 year – 2 years tenure is 7.25% 
  • 2 years 1 day – 5 years tenure is 7.10%

11 September 2018

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