HDFC Bank’s fixed deposit (FD) interest rates vary based on the deposit amount and chosen tenure. As one of India’s leading private banks, HDFC offers flexible FD products that suit a wide range of investors, from small savers to high-net-worth individuals.
You can open an HDFC FD with a minimum investment of ₹5,000 and up to ₹5 crore. Regular investors receive competitive rates across different tenures, while senior citizens are eligible for an additional 0.50% interest over the regular FD rate, which increases the effective return for retirees.
This article outlines the FD interest rates for deposits below ₹2 crore and for deposits between ₹2 crore and ₹5 crore, as well as basic eligibility and documentation requirements to open an FD at HDFC Bank. Use this information to plan your investment, but confirm current rates directly with the bank before booking an FD.
HDFC Bank interest rates for deposits less than ₹2 crores
If your deposit amount is up to ₹2 crore, HDFC Bank’s FD interest rates for various tenures are listed below. These rates apply to standard retail deposits and are tiered by tenure and customer category.
| Tenure | Regular Citizen FD Interest Rates | Senior Citizen FD Interest Rates |
|---|---|---|
| 7 to 14 days | 3.00% per annum | 3.50% per annum |
| 15 to 29 days | 3.00% per annum | 3.50% per annum |
| 30 to 45 days | 3.50% per annum | 4.00% per annum |
| 46 to 60 days | 4.50% per annum | 5.00% per annum |
| 61 to 89 days | 4.50% per annum | 5.00% per annum |
| 90 days to 6 months | 4.50% per annum | 5.00% per annum |
| More than 6 months and less than or equal to 9 months | 5.75% per annum | 6.25% per annum |
| More than 9 months and less than 12 months | 6.00% per annum | 6.50% per annum |
| More than 12 months and less than 15 months | 6.60% per annum | 7.10% per annum |
| More than 15 months and less than 18 months | 7.10% per annum | 7.60% per annum |
| More than 18 months and less than 21 months | 7.00% per annum | 7.50% per annum |
| Between 21 months and 2 years | 7.00% per annum | 7.50% per annum |
| 2 years 1 day to less than 2 years 11 months | 7.00% per annum | 7.50% per annum |
| 2 years 11 months to 35 months | 7.20% per annum | 7.70% per annum |
| More than 5 years and less than 10 years | 7.00% per annum | 7.75% per annum |
Disclaimer: These HDFC Bank FD rates were current as of July 2023 and are subject to change at the bank’s discretion. Always verify the latest rates before booking an FD.
HDFC Bank interest rates for deposits equal to or more than ₹2 crores
For large deposits between ₹2 crore and ₹5 crore, HDFC Bank applies a different rate schedule. Below are the FD interest rates for this deposit band, broken down by tenure and customer type.
| Tenure | Regular Citizen FD Interest Rates | Senior Citizen FD Interest Rates |
|---|---|---|
| 7 to 14 days | 4.75% per annum | 5.25% per annum |
| 15 to 29 days | 4.75% per annum | 5.25% per annum |
| 30 to 45 days | 5.50% per annum | 6.00% per annum |
| 46 to 60 days | 5.75% per annum | 6.25% per annum |
| 61 to 89 days | 6.00% per annum | 6.50% per annum |
| 90 days to 6 months | 6.50% per annum | 7.00% per annum |
| More than 6 months and less than or equal to 9 months | 6.65% per annum | 7.15% per annum |
| More than 9 months to less than 1 Year | 6.75% per annum | 7.25% per annum |
| 1 Year to less than 15 months | 7.25% per annum | 7.75% per annum |
| 15 months to less than 18 months | 7.05% per annum | 7.55% per annum |
| 18 months to less than 21 months | 7.05% per annum | 7.55% per annum |
| 21 months to 2 years | 7.05% per annum | 7.55% per annum |
| More than 2 years to 3 years | 7.00% per annum | 7.50% per annum |
| More than 3 years to 5 years | 7.00% per annum | 7.50% per annum |
| More than 5 years to 10 years | 7.00% per annum | 7.50% per annum |
Disclaimer: Rates listed here were current as of July 2023 and may change. Check the bank’s updated schedule and consider using an FD interest calculator to estimate returns accurately before investing.
Note that FD rates may differ for deposits of ₹5 crore or more and can vary by deposit category. For specific deposit types and special offers, check HDFC Bank’s official disclosures or contact the bank directly.
Eligibility to open an HDFC Bank FD
HDFC Bank allows a variety of entities to open fixed deposits. Eligible categories typically include:
- Indian residents
- Hindu Undivided Families (HUFs)
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trusts and trust accounts
Documents required to book an HDFC Bank FD
When applying for an HDFC FD, you will need to provide identity and address documentation. Required items vary for individuals and corporate entities but commonly include:
- Recent passport-size photograph
- PAN card (Permanent Account Number)
- Aadhaar card
- Passport (where applicable)
- Driving licence
- Voter’s ID
- Address proof documents
- Partnership proof or company registration documents (for firms)
- Relevant identity and incorporation proofs for individuals and companies
Fixed deposits are a conservative, non-market-linked investment that provide guaranteed returns. Many banks allow premature withdrawal in emergencies, though early withdrawal penalties may apply. If you require liquidity without breaking an FD, consider other loan options or bank credit products that fit your circumstances.
Frequently Asked Questions (FAQs)
What are the interest rates on FDs in HDFC Bank?
HDFC Bank’s FD interest rates range from around 3.00% p.a. to 7.75% p.a., depending on the deposit amount, tenure, and customer category (regular or senior citizen).
What are the HDFC FD interest rates in 2023 for senior citizens?
Senior citizens receive an additional 0.50% over the regular FD rate. In 2023, senior citizen FD rates at HDFC started from approximately 3.50% p.a. across the shortest tenures and reached up to 7.75% p.a. for select long-term tenures.
What is the HDFC Fixed Deposit interest rate today?
As of the July 2023 schedule referenced here, typical top rates were in the region of 7.20%–7.75% p.a., depending on tenure and customer type. Confirm current “today” rates directly with HDFC Bank before placing funds.
What are HDFC Fixed Deposit interest rates for a ₹1 lakh investment?
For a ₹1 lakh FD, regular investors could expect rates in the band of 3.00% to 7.20% p.a., depending on tenure. Senior citizens could receive rates from 3.50% to 7.75% p.a., reflecting the additional senior citizen benefit.