HDFC FD Interest Rates

About HDFC Ltd FD

HDFC is a housing finance company incorporated in 1977. The company has a strong presence in the general insurance, life insurance, asset management and education financing businesses through its subsidiaries - HDFC Ergo, HDFC Life Insurance Company, HDFC AMC and HDFC Credila. The bank has its headquarters in Mumbai. The total deposits as of March 2022 stood at INR 1,60,900 crores. HDFC Ltd.’s Fixed Deposits have an AAA (Stable) Credit Rating.

7.1% - 7.4%

FD Rate

7.35% - 7.65%

FD Rate for Seniors

₹ 20000

Minimum Deposit

₹ 2 Crores

Maximum Deposit

-

Lock-in

-

FD Tenure

-

Loan against FD

AAA (Stable)

CRISIL Rating 

HDFC Bank Domestic FD Rates for Below Rs.2 crore

The HDFC Bank FD interest rates 2023 are listed in the table below: 

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	7.00%	7.50%
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	7.20%	7.70%
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	7.25%	7.75%
4 Year 7 Months 1 day <=5 Years	7.00%	7.50%
5 Years 1 day to 10 Years	7.00%	7.75%*

*New rates are effective from 29 May 2023 and can change from time to time.

HDFC Bank Domestic FD Rates: (Above Rs.2 crore to less than Rs.5 crore)

Here are HDFC Bank FD rates for deposits of more than Rs.2 crore to less than Rs.5 crore: 

Tenure	Interest Rates for General Public (p.a.)	Interest Rates for Senior Citizen (p.a.)
7 - 14 days	4.75%	5.25%
15 - 29 days	4.75%	5.25%
30 - 45 days	5.50%	6.00%
46 - 60 days	5.75%	6.25%
61 - 89 days	6.00%	6.50%
90 days <= 6 months	6.50%	7.00%
6 months 1 day <=9mnths	6.65%	7.15%
9 months 1 day to < 1 Year	6.75%	7.25%
1 Year to < 15 months	7.25%	7.75%
15 months to < 18 months	7.05%	7.55%
18 months to < 21 months	7.05%	7.55%
21 months to 2 years	7.05%	7.55%
2 year 1 day to 3 years	7.00%	7.50%
3 year 1 day to 5 years	7.00%	7.50%
5 year 1 day to 10 years	7.00%	7.75%*

*New rates are effective from 29 May 2023 and can change from time to time.

 HDFC Bank NRE FD Rates

HDFC fixed deposit rates for NRE customers are listed in the table below: 

Tenure	Interest Rates (p.a.)
1 year to < 15 months	6.60%
15 months to < 18 months	7.10%
18 months to < 21 months	7.00%
21 months - 2 years	7.00%
2 Years 1 day to < 2 Year 11 Months	7.00%
2 Years 11 Months - 35 Months	7.20%
2 Years 11 Months 1 day <= 3 Year	7.00%
3 Years 1 day to < 4 Years 7 Months	7.00%
4 Year 7 Months - 55 months	7.25%
4 Year 7 Months 1 day <=5 Years	7.00%
5 Years 1 day to 10 Years	7.00%

*New rates are effective from 29 May 2023 and can change from time to time.

Types of HDFC FD Schemes

Senior citizen Care FD

• This fixed deposit scheme is offered to resident senior citizens (not applicable to NRIs) of age 60 years and above only for new FDs booked as well as for renewals
• HDFC Bank offers 0.75% extra interest rate to senior citizens (an additional premium of 0.25% above the existing premium of 0.50%)
• Maximum FD amount: Less than 5 crores
• Tenure: 5 years 1 day to 10 years
• In case of premature closure (including a sweep in or partial closure) on or before 5 years: The interest rate will be 1% below the contracted rate/base rate applicable for the period the deposit has remained with HDFC bank, whichever is lower
• In case of premature closure (including a sweep in or partial closure) post 5 years: The interest rate will be 1.25% below the contracted rate/base rate applicable for the period the deposit has remained with HDFC bank, whichever is lower

Five-Year Tax Saving Fixed Deposit

• Minimum Amount – Rs. 100 and in Multiples of Rs. 100
• Maximum amount – Rs. 1.5 Lakhs (in a Financial Year (FY))
• Tenure – 5 years (Lock-In)
• Monthly and quarterly payout facility is available
• In the case of joint deposits, the first holder of the depositor will only get tax benefits under 80C of the Income Tax Act
• Eligibility: Resident individuals and Hindu Undivided Families are eligible under HDFC Tax Saving Fixed Deposits

Non-withdrawable Deposits

• Minimum fixed deposit amount: Rs 5 crore
• Flexi Tenure: 91 days-10 years
• Availability of monthly/quarterly interest payout option as well as interest reinvestment
• Overdrafts of up to 90% of FDs are available to depositors