HDFC Bank is India’s largest private sector bank with over 8,900 branches and 20,000 ATMs. It offers a variety of Fixed Deposit (FD) schemes that provide secure, guaranteed returns for investors. As of April 2025, HDFC Bank has revised its FD interest rates following the Reserve Bank of India’s (RBI) repo rate cuts in February and April 2025. The bank now offers FD rates ranging from 3.00% to 7.25% p.a. for general citizens and 3.50% to 7.75% p.a. for senior citizens for deposits below ₹3 crore. This article details the latest HDFC Bank FD rates may help you make informed investment decisions.
HDFC Bank FD Interest Rates 2025
HDFC Bank provides FD rates for tenures from 7 days to 10 years, with interest compounded quarterly for cumulative FDs. The rates below are effective from April 19, 2025, for domestic, NRO, and NRE deposits below ₹3 crore with premature withdrawal facilities.
|
Tenure |
General Citizens (% p.a.) |
Senior Citizens (% p.a.) |
|---|---|---|
|
7 days to 14 days |
3.00 | 3.50 |
|
15 days to 29 days |
3.00 | 3.50 |
|
30 days to 45 days |
3.50 | 4.00 |
|
46 days to 60 days |
4.50 | 5.00 |
|
61 days to 89 days |
4.75 | 5.25 |
|
90 days to 6 months |
4.75 | 5.25 |
|
6 months 1 day to 9 months |
5.75 | 6.25 |
|
9 months 1 day to < 1 year |
6.00 | 6.50 |
|
1 year to 389 days |
6.60 | 7.10 |
|
390 days to < 15 months |
6.60 | 7.10 |
|
15 months to < 18 months |
7.25 | 7.75 |
|
18 months 1 day to < 21 months |
7.25 | 7.75 |
|
21 months to 2 years |
7.00 | 7.50 |
|
2 years 1 day to < 3 years |
6.90 | 7.40 |
|
3 years 1 day to < 5 years |
6.75 | 7.25 |
|
5 years 1 day to 10 years |
6.50 | 7.00 |
|
Tax-Saver FD (5 years) |
6.50 | 7.00 |
Notes:
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Senior citizens (60+ years) receive an additional 0.50% p.a. across all tenures.
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Rates for deposits above ₹3 crore range from 4.75% to 7.40% for general citizens and 5.25% to 7.90% for senior citizens.
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The Special Edition FD scheme (offering up to 7.40% for general citizens and 7.90% for senior citizens for 35 and 55 months) ended on March 31, 2025.
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Minimum deposit: ₹5,000 for domestic FDs, ₹25,000 for NRO/NRE FDs, and ₹2 crore for RFC FDs.
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Interest rates are subject to change; verify on HDFC Bank’s official website.
Key Features of HDFC Bank Fixed Deposits
HDFC Bank FDs offer flexibility, safety, and competitive returns, catering to diverse investor needs. Key features include:
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Flexible Tenures: Options from 7 days to 10 years for short-term or long-term goals.
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Payout Options: Choose monthly, quarterly, or at-maturity interest payouts. Cumulative FDs compound interest quarterly.
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Loan Against FD: Borrow up to 90% of the FD amount at 2% above the FD rate without breaking the deposit.
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Sweep-In Facility: Link FDs to savings or current accounts to cover shortages, transferring funds in ₹5,000 multiples.
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Super Saver Facility: Combine FD benefits with overdraft facilities on linked accounts.
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Premature Withdrawal: Available with a 1% penalty on the applicable rate for the tenure held, except for 7–14 day FDs, which cannot be withdrawn early.
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Tax-Saver FD: Offers deductions up to ₹1.5 lakh under Section 80C with a 5-year lock-in.
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HealthCover FD: For deposits of ₹5 lakh to ₹1.99 crore, provides hospital cash cover (₹500–₹1,000 per day for 15 days) for the first year. Eligibility: Resident individuals aged 18–59 years.
Benefits of HDFC Bank FDs
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Guaranteed Returns: Fixed rates unaffected by market volatility, insured up to ₹5 lakh by DICGC.
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Senior Citizen Perks: Additional 0.50% p.a. enhances returns for those 60+.
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Digital Access: Open and manage FDs via NetBanking, MobileBanking, or the HDFC Bank app.
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Tax Benefits: Tax-Saver FDs reduce taxable income, though interest is taxable.
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Nomination Facility: Ensures smooth succession of funds.
How to Open an HDFC Bank FD
HDFC Bank allows FD opening online or offline:
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Online:
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Log in to NetBanking or the HDFC Bank MobileBanking app.
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Go to “Transact” > “Open Fixed Deposit.”
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Enter deposit amount, tenure, and payout option.
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Assign a nominee and confirm details.
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Download the FD receipt instantly.
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Offline:
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Visit an HDFC Bank branch.
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Fill out the FD application form.
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Submit KYC documents: Aadhaar, PAN, passport, voter ID, driving license, or utility bill.
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Deposit the amount to receive an FD receipt.
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Eligibility: Resident Indians, NRIs, HUFs, sole proprietorships, partnerships, trusts, and companies. NRIs can open NRE, NRO, RFC, or FCNR FDs.
Taxation on HDFC Bank FDs
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Interest Income: Taxable as per your income tax slab. TDS applies if interest exceeds ₹40,000 p.a. (₹50,000 for senior citizens) at 10% with PAN or 20% without PAN. Submit Form 15G/H to avoid TDS if eligible.
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Tax-Saver FD: Deduction up to ₹1.5 lakh under Section 80C, with a 5-year lock-in.
Why Choose HDFC Bank FDs in 2025?
Despite recent rate cuts, HDFC Bank FDs remain attractive due to:
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Competitive rates, with up to 7.75% p.a. for senior citizens on 15–21 month tenures.
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High safety backed by HDFC’s ‘AAA’ rating and DICGC insurance.
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Flexible features like sweep-in, loans, and multiple payout options.
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Digital convenience for instant FD opening and management.
Frequently Asked Questions (FAQs)
1. What are the latest HDFC Bank FD rates for 2025?
Rates range from 3.00% to 7.25% p.a. for general citizens and 3.50% to 7.75% p.a. for senior citizens for tenures from 7 days to 10 years, effective April 19, 2025.
2. What is the minimum deposit for an HDFC Bank FD?
₹5,000 for domestic FDs, ₹25,000 for NRO/NRE FDs, and ₹2 crore for RFC FDs.
3. Can I withdraw my HDFC Bank FD prematurely?
Yes, except for 7–14 day FDs and Tax-Saver FDs. A 1% penalty applies on the applicable rate for the tenure held.
4. Does HDFC Bank offer a Tax-Saver FD?
Yes, with a 5-year lock-in, offering 6.50% p.a. for general citizens and 7.00% p.a. for senior citizens, with tax deductions up to ₹1.5 lakh under Section 80C.
5. How is interest calculated on HDFC Bank FDs?
Cumulative FDs compound interest quarterly. Non-cumulative FDs pay simple interest monthly or quarterly.
6. Are HDFC Bank FDs safe?
Yes, insured up to ₹5 lakh by DICGC and backed by HDFC’s strong financial stability.
7. Can NRIs open HDFC Bank FDs?
Yes, NRIs can open NRE (1–10 years), NRO (3 months–10 years), RFC, or FCNR FDs in currencies like USD, GBP, or AUD.
8. What is the HealthCover FD scheme?
For deposits of ₹5 lakh to ₹1.99 crore, it offers regular FD rates plus hospital cash cover (₹500–₹1,000 per day for 15 days) for the first year, for ages 18–59.
For the latest rates and to open an FD, visit HDFC Bank’s official website – https://www.hdfcbank.com/personal/save/deposits/fixed-deposit-interest-rate
Also visit : https://postofficefd.com/online-account-opening-in-punjab-national-bank/