HDFC Bank Fixed Deposit 2026
HDFC Bank offers investment opportunities such as Term Deposits or Fixed Deposits. A Fixed deposit with HDFC Bank can be opened for a period that ranges between 7 days and 10 years. The interest paid by the lender on FDs range between 3.00% p.a. and 7.25% p.a.
Types of HDFC Bank Term Deposit schemes
- Regular Fixed Deposit
- Overdraft against FD
- FCNR Fixed Deposit
- 5-year Tax Saving Fixed Deposits
Features of HDFC Bank Fixed Deposit Schemes
FD Type | Features |
HDFC Bank Regular Fixed Deposit (FD) |
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HDFC Bank Overdraft against Fixed Deposit |
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HDFC Bank Foreign Currency Non-Resident (FCNR) Fixed Deposit |
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HDFC Bank 5-year Tax Saving Fixed Deposit |
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Additional Features of HDFC Fixed Deposits
- You can avail loans and credit cards through HDFC Fixed Deposit with 90% of the FD as loan and credit cards at minimal interest rates.
- Online benefits such as booking an FD, appoint nominees, liquidate deposits, and view fixed deposit advice.
- You could earn compound interest by reinvesting your principal along with the interest amount earned during the FD period.
- Avail Sweep-in facility wherein you can transfer money to your savings or current account from your FD if the balance in your savings or current account goes below a certain limit.
- Avail Super Saver facility to take advantage of the funds in your savings or current account wherein you can opt between a savings or current account to link it to your FDs and utilise an overdraft facility for your requirements.
HDFC NRI Fixed Deposit
- Multiple types of FDs to suit your needs.
- Minimum deposit amount is Rs.25,000 for a fresh or new account, while it's Rs.10,000 for add-ons.
- Interest and principal are fully repatriable.
- You can benefit from an Overdraft in NRO savings or current accounts of up to 90% of the FD amount.
- Tenure of a minimum of 1 year and a maximum of 10 years.
- Interest amount earned is exempted from income tax in India.
How is the interest rate calculated on HDFC Bank Fixed Deposit?
- In case of term deposits having a tenure below 6 months with quarterly interest payout option, the interest is calculated on a quarterly basis.
- For term deposits having a tenure below 6 months with monthly interest payout option, the interest is calculated for the quarter and paid monthly at a discounted rate over the standard deposit rate.
- Fixed Deposits having a tenor below 6 months with interest reinvestment option, cumulative interest for the quarter is added to the principal in subsequent quarter and interest is calculated on the total amount.
- For fixed deposits with a tenure equal to or above 6 months, simple interest is paid.
Eligibility Criteria for HDFC Bank FD
- Indian resident
- Member of the Hindu Undivided Family
- Firms with Sole Proprietorship
- Firms with partnership
- Trusts
- Limited Companies
Documents needed to be submitted for opening a FD with HDFC Bank
- Government validated identity and address proof
- PAN Card
- Recent passport-size photograph.
- Form 15G/15H (if you need exemption from TDS)
How to Open a HDFC Bank FD Account
You can open a HDFC through online and offline method. The steps for both the methods are given below:
Online Method
Step 1: Open your Net banking Account HDFC
Step 2: Next, choose the 'Transact' section.
Step 3: Then, choose the 'Open Fixed Deposits' option.
Step 4: Fill all the basic details like HDFC branch, nominee, FD tenure and amount, etc.
Step 5: After filing the details, click the 'Continue' button and then 'Confirm.'
Offline Method
If you want to open a HDFC Bank FD account offline, then you should visit your nearest HDFC branch. There a representative of the bank will walk you through the process of opening a FD account.
HDFC Bank FD Interest Rates for Domestic Below Rs.3 crore - General Public
Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizen (p.a.) |
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 days <= 9 mnths | 5.75% | 6.25% |
9 months 1 day to < 1 year | 6.00% | 6.50% |
1 year to < 15 months | 6.60% | 7.10% |
15 months to < 18 months | 7.10% | 7.60% |
18 months to < 21 months | 7.25% | 7.75% |
21 months - 2 years | 7.00% | 7.50% |
2 Years 1 day to < 2 Year 11 Months | 7.00% | 7.50% |
2 Years 11 Months - 35 Months | 7.00% | 7.50% |
2 Years 11 Months 1 day <= 3 Year | 7.00% | 7.50% |
3 Years 1 day to < 4 Years 7 Months | 7.00% | 7.50% |
4 Year 7 Months - 55 months | 7.00% | 7.50% |
4 Year 7 Months 1 day <=5 Years | 7.00% | 7.50% |
5 Years 1 day to 10 Years | 7.00% | 7.50%* |
*Note: New rates are effective from 1 April 2025 and can change from time to time.
FAQs on HDFC Bank Fixed Deposit
- What is the minimum deposit needed to open a HDFC Bank FD account?
For a regular FD account, one needs to deposit a minimum amount of Rs.500.
- How can I open a HDFC Bank Fixed Deposit account?
One can open an FD account either by visiting the nearest bank or through net banking.
- What is the minimum amount needed to open a 5-year Tax Saving FD account?
The minimum amount needed for a Tax Saving Term Deposit is Rs.100.
- How can I get an exemption from TDS on my FD?
You can get exemption from TDS by submitting Form 15G (for general public below 60 years) or Form 15H (for senior citizens aged 60 and above).
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