HDFC Bank Fixed Deposit 2026
HDFC Bank Fixed Deposit lets you invest for a tenure of 7 days to 10 years at interest rates currently ranging from 2.75% p.a. to 6.50% p.a. Senior citizens earn an additional 0.50% p.a. across all tenures. Choose from regular, overdraft against FD, FCNR and 5-year tax saving FD variants.
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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Note: The interest rates are effective from 19 August 2026.
If you close an HDFC Bank fixed deposit before maturity, the interest rate applicable is 1% p.a. lower than the rate on the date of booking, for the period the deposit remained with the bank.
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, appointing nominees, liquidating deposits, and viewing 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.
- If you do not give written instructions on disposal at maturity, HDFC Bank may renew the deposit along with the accrued interest at the prevailing rate for a similar tenure.
- You can download your TDS certificate from NetBanking by choosing 'TDS Inquiry' under the 'Request' option, provided your PAN is updated and tax has been deducted in the quarter.
HDFC NRI Fixed Deposit
- Multiple types of FDs to suit your needs.
- 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 greater than 6 months with quarterly interest payout option, the interest is calculated on a quarterly basis.
- For term deposits having a tenure greater than 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 greater than 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 term deposits, interest is calculated at quarterly intervals and paid at the rate decided by the bank for the period of the deposit.
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 an HDFC Bank FD through online and offline methods. The steps for both the methods are given below:
Online Method
Step 1: Open your HDFC Net Banking account
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 filling 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 | 2.75% | 3.25% |
15 - 29 days | 2.75% | 3.25% |
30 - 45 days | 3.25% | 3.75% |
46 - 60 days | 4.25% | 4.75% |
61 - 89 days | 4.25% | 4.75% |
90 days < = 6 months | 4.25% | 4.75% |
6 months 1 day <= 9 months | 5.50% | 6.00% |
9 months 1 day to < 1 year | 5.75% | 6.25% |
1 year to < 15 months | 6.25% | 6.75% |
15 months to < 18 months | 6.35% | 6.85% |
18 months to < 21 months | 6.45% | 6.95% |
21 months - 2 years | 6.45% | 6.95% |
2 Years 1 day to < 2 Year 11 Months | 6.45% | 6.95% |
2 Years 11 Months - 35 Months | 6.45% | 6.95% |
2 Years 11 Months 1 day <= 3 Year | 6.45% | 6.95% |
3 Years 1 day to < 4 Years 7 Months | 6.50% | 7.10% |
4 Year 7 Months - 55 months | 6.40% | 6.90% |
4 Year 7 Months 1 day <=5 Years | 6.40% | 6.90% |
5 Years 1 day to 10 Years | 6.15% | 6.65% |
Note: The interest rates are effective from 19 August 2026 and can change from time to time.
Summary
HDFC Bank Fixed Deposit offers regular, overdraft-linked, FCNR and 5-year tax saving options with tenures from 7 days to 10 years, and senior citizens earn an additional 0.50% p.a. Compare the tenure-wise rates in the table above before you choose a deposit. You can open an HDFC Bank FD through NetBanking or at your nearest HDFC Bank branch.
FAQs on HDFC Bank Fixed Deposit
1.What is an HDFC Bank Fixed Deposit?
An HDFC Bank Fixed Deposit is a term deposit in which you invest a lump sum with HDFC Bank for a fixed tenure and earn interest at the rate applicable on the date of booking. It is available in regular, overdraft-linked, FCNR and 5-year tax saving variants. The interest rate depends on the tenure you choose.
2.What types of HDFC Bank Fixed Deposit schemes are available?
HDFC Bank offers regular fixed deposits, overdraft against fixed deposits, FCNR fixed deposits and 5-year tax saving fixed deposits. Each HDFC Bank FD type has its own features, which are compared in the features table above.
3.What is the minimum deposit needed to open a HDFC Bank FD account?
The minimum deposit needed for an HDFC Bank FD depends on the type of fixed deposit you choose, such as a regular FD, tax saving FD or overdraft against FD. The applicable amounts are given in the features table above.
4.Do senior citizens get higher interest on an HDFC Bank Fixed Deposit?
Yes, HDFC Bank pays senior citizens additional interest on resident fixed deposits compared with the general public. The tenure-wise rates for both categories are given in the HDFC Bank FD interest rate table above.
5.What is an HDFC Bank Overdraft against Fixed Deposit?
An HDFC Bank Overdraft against Fixed Deposit lets you link your savings or current account to your FD and draw funds without breaking the deposit. Interest is charged only on the amount you draw, and the rest of the FD continues to earn interest.
6.What is an HDFC Bank 5-year Tax Saving Fixed Deposit?
An HDFC Bank 5-year Tax Saving Fixed Deposit is a fixed deposit with a five-year lock-in period that qualifies for a tax deduction under Section 80C. You can choose to receive the interest monthly or quarterly.
7.What is the minimum amount needed to open an HDFC Bank 5-year Tax Saving FD account?
The minimum investment for an HDFC Bank 5-year Tax Saving FD is given in the features table above. The deposit carries a five-year lock-in period.
8.What is an HDFC Bank FCNR Fixed Deposit?
An HDFC Bank FCNR Fixed Deposit is a foreign currency fixed deposit for non-resident Indians in which both the principal and the interest are fully repatriable. The interest earned is exempt from tax in India.
9.Can NRIs open an HDFC Bank Fixed Deposit?
Yes, NRIs can open an HDFC Bank NRI Fixed Deposit through NRE, NRO or FCNR accounts. The tax treatment and repatriation rules differ for each type of HDFC Bank NRI FD.
10.How is interest calculated on an HDFC Bank Fixed Deposit?
HDFC Bank calculates interest on its fixed deposits at quarterly intervals at the rate applicable for the deposit tenure. Monthly and quarterly payout options and reinvestment deposits are available on tenures greater than six months.
11.Who is eligible to open an HDFC Bank Fixed Deposit?
Indian residents, Hindu Undivided Families, sole proprietorship firms, partnership firms, trusts and limited companies are eligible to open an HDFC Bank Fixed Deposit.
12.What documents are needed to open an HDFC Bank Fixed Deposit?
You need government-validated identity and address proof, a PAN card and a recent passport-size photograph to open an HDFC Bank Fixed Deposit. Form 15G or Form 15H is needed only if you want an exemption from TDS.
13.How can I open a HDFC Bank Fixed Deposit account?
You can open an HDFC Bank Fixed Deposit account through NetBanking or by visiting your nearest HDFC Bank branch. The online and offline steps are explained in the how-to-open section above.
14.How can I get an exemption from TDS on my HDFC Bank FD?
You can get an exemption from TDS on your HDFC Bank FD by submitting Form 15G if you are below 60 years of age, or Form 15H if you are a senior citizen aged 60 or above.
15.Can I withdraw my HDFC Bank Fixed Deposit before maturity?
Yes, you can close an HDFC Bank Fixed Deposit before maturity, subject to the bank's premature withdrawal terms. No interest is paid if the deposit is closed within the minimum period set by the bank.
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