HDFC FD Rates 2023: Investing in HDFC Fixed Deposit Rates has remained a popular choice among Indians due to its safety, attractive returns, and user-friendly features. A Regular Fixed Deposit with HDFC ensures steady and effortless growth of your earnings. Noteworthy features, such as appealing interest rates, multiple interest payout options, and no penalty on premature closure, make it an ideal investment for preserving your hard-earned money.
HDFC Bank provides a diverse range of Fixed Deposits (FDs) that not only offer competitive returns but also come with additional benefits. Some key features of HDFC Bank FDs include a nomination facility, flexible tenure options, auto-renewal facility, various interest payout options, and the availability of a loan/overdraft facility. Opening an HDFC Bank FD online is a hassle-free process that can be completed with just a few clicks, ensuring a paper-free experience.
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Key Advantages of HDFC FD Rates
A Fixed Deposit (FD) stands out as one of the most favored financial instruments among the general saving public in India, offering a higher rate of interest compared to a regular savings account. It is considered a safe investment option, ensuring high returns over a specified period. The interest rates on fixed deposits vary based on the chosen tenure.
HDFC Bank provides enticing rates, flexibility, and security for your fixed deposits, with even more attractive interest rates for senior citizens. Benefit from the convenience of booking your deposit through Net banking and the automatic renewal feature offered by HDFC. The minimum investment amount can be as low as INR 1000/-
Interest Rates for Regular Fixed Deposit
Below are the applicable interest rates for Fixed Deposits based on the specified tenures. The provided interest rates are effective from 21st Feb 2023.
1. For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 2 Crore)
| Tenure | General | Senior Citizen |
|---|---|---|
| 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 day <= 9 months | 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 – 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day – 10 years | 7.00% | 7.75%* |
HDFC FD Rates Eligibility Criteria
Both new and existing customers of HDFC Bank can open a Fixed Deposit. The following are the types of customers eligible to open fixed deposit accounts: Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGOs, and Private Limited.
How to Apply for HDFC Bank FD
- Apply Online: You can apply online for an HDFC Bank FD.
- Contact Customer Care: You can also contact us, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to assist you with the application process.
Eligibility
Get details on eligibility criteria & documents required for HDFC Bank Regular Fixed Deposit. Below are the individuals and groups eligible for a Regular HDFC Fixed Deposit Rates:
- Residents
- Hindu undivided families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
A few things to note:
- An initial deposit of Rs. 5,000/- is required to open a Fixed Deposit.
- Effective 01st April 2010, PAN is mandatory to book Fixed Deposits if the total Fixed Deposit holding per customer ID exceeds 50,000/-
Additional Information
- Easy investment with High Returns
- Great rates, flexibility, and security – in one offering
- Higher rate of interest on Fixed Deposit for Senior Citizen
- Convenience of booking deposit through NetBanking
HDFC Fixed Deposit Rates 2023 FAQ
HDFC Fixed Deposits are a popular investment choice known for their safety, attractive interest rates, and ease of operation. The key features include multiple interest payout options, zero penalty on premature closure, and the assurance of steady and effortless earnings.
HDFC Bank offers a range of Fixed Deposits with features like nomination facility, flexible tenure options, auto-renewal, different interest payout options, and the provision of a loan/overdraft facility.
Opening an HDFC Bank FD is easy and can be done online at the click of a button in a paper-free manner. The bank provides facilities for Net banking, and the process is convenient and user-friendly.
The minimum investment amount for HDFC Fixed Deposits can be as low as INR 1000/-, making it accessible for a wide range of investors.
The interest rates for HDFC Fixed Deposits vary based on the tenure. The rates are competitive, and senior citizens may enjoy even higher interest rates.
