HDFC Bank Fixed Deposit Interest Rate 2024: What HDFC Bank Offers on FDs

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HDFC Bank Fixed Deposit Interest Rate
Know the latest rates of HDFC Fixed Deposit. Representational image/Pexels

Summary

HDFC Bank Fixed Deposit Interest Rates: Check the latest rate on FDs of various tenors offered by HDFC Bank

HDFC Bank Fixed Deposit Interest Rate 2024: Established in 1994, HDFC Bank, officially known as Housing Development Finance Corporation Limited, has become one of India’s top private sector banks. It provides a wide array of banking and financial services to individuals, businesses, and corporate clients.

HDFC Bank offers Fixed Deposit rates ranging from 3.00% to 7.25% p.a. for the general public and 3.50% to 7.75% p.a. for senior citizens on various FD tenors spanning from 7 days to 10 years. Additionally, Tax Saving FDs are available at 7.00% p.a. for the general public and 7.50% p.a. for senior citizens over 5-year tenors.

Various fixed deposit products for NRIs, such as NRO, NRE, RFC, and FCNR, are also provided by the HDFC Bank. Read on to find our latest HDFC Bank Fixed Deposit Interest Rate.

HDFC Fixed Deposit Interest Rate (Below Rs 2 crore, w.e.f. 9th February 2024)

TenorGeneral PublicSenior Citizen
7-14 days3%3.50%
15-29 days3%3.50%
30-45 days3.50%4%
46-60 days4.50%5%
61-89 days4.50%5%
90 days<=6 months4.50%5%
6 months 1 day<=9 months5.75%6.25%
9 months 1 day< 1 year6%6.50%
1 year to <15 months6.60%7.10%
15 months to <18 months7.10%7.60%
18 months to <21 months7.25%7.75%
21 months to 2 years7%7.50%
2 years 1 day to < 2 years 11 months7%7.50%
2 years 11 months to 35 months7.15%7.65%
2 years 11 months 1 day<= 3 years7%7.50%
3 years 1 day to <4 years 7 months7%7.50%
4 years 7 months to 55 months7.20%7.70%
4 years 7 months 1 day<= 5 years7%7.50%
5 years 1 day to 10 years7%7.75%
Source: HDFC Bank website

Extra 0.25% above the existing rates for senior citizen under Senior Citizen Care FD.

Also Read: SBI Fixed Deposit Interest Rates 2024: Know what State Bank of India offers

HDFC Fixed Deposit Interest Rate (Above Rs 2 crore , w.e.f. 9th February 2024)

TenureGeneral PublicSenior Citizen
7-14 days4.75%5.25%
15-29 days4.75%5.25%
30-45 days5.50%6%
46-60 days5.75%6.25%
61-89 days6%6.50%
90 days<=6 months6.50%7%
6 months 1 day<=9 months6.65%7.15%
9 months 1 day< 1 year6.75%7.25%
1 year to <15 months7.40%7.90%
15 months to <18 months7.05%7.55%  
18 months to <21 months7.25%7.75%
21 months to 2 years7.05%7.55%
2 years 1 day to 3 years7%7.50%
3 years 1 day to 5 years7%7.50%
5 years 1 day to 10 years7%7.75%

HDFC Senior Citizen Care Fixed Deposit

This fixed deposit scheme is offered to those who are the age of 60 years and above only. Bank offer 0.75% extra interest rate (an additional premium of 0.25% above the existing premium of 0.50%)

  • Maximum FD amount- less than Rs 5 crore
  • Tenor – 5 years 1 day to 10 years

HDFC Bank HealthCover FD

This scheme cover the benefit of both fixed deposit and the safety of hospital cash cover. By booking this FD, hospital cash cover will be provided for the first year.

  • Hospital Cash Cover of Rs 500 per day for 15 days on FD Amount 5 lakh to < 10 lakh
  • Hospital Cash Cover of Rs 1000 per day for 15 days on FD Amount >=10 lakh to 1.99 crore
  • FD amount-  Min 5 lakh- 1.99 crore
  • Tenure- Min 1 year- 10 years

HDFC Bank 5 year Tax Saving Fixed Deposit

  • Minimum Amount – Rs 100 and in Multiples of Rs 100
  • Maximum amount – Rs 1.5 lakh (in a Financial Year (FY))
  • Tenure â€“ 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 Section 80C of the Income Tax Act

HDFC Bank Overdraft Against Fixed Deposits   

  • Purpose: To fulfil immediate financial needs (household/business requirements) without breaking FD
  • Depositors can borrow up to 90% of their FD’s overdraft.
  • Minimum FD amount: Rs 25,000/- and a minimum of 6 months and 1 day is required to obtain an overdraft against a fixed deposit or a Super Saver facility.

Want to learn the science behind personal finance and easily achieve all your financial goals with peace of mind? The help is here.

Disclaimer: The above content is for informational purposes only. Please consult your financial advisor before investing in any scheme.

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