For all the general depositors who wish to invest at most one Crore, HDFC bank offers the computation of amount and return over your investment on a quarterly basis. For a period less than half a year, it is calculated at maturity as simple interest (i.e. at the end).
For a period longer than 6 months the amount is calculated every quarter and taken as a principal for next quarter i.e. the amount is compounded quarterly.
For 2-5 years of investment, the interest rate offered is same throughout which is 7.40 Percent with an additional 0.50 Percent for senior investors.
HDFC Fixed deposit Interest rates Feb 2019(Domestic/NRO/NRE):
| TIME PERIOD | BELOW ONE CRORE | ABOVE ONE CRORE | ||
|---|---|---|---|---|
| Interest Rate (per annum) |
Senior Citizen Rates (per annum) |
Interest Rate (per annum) |
Senior Citizen Rates (per annum) |
|
| 7 Days to 14 Days | 3.50% | 4.00% | 4.25% | 4.75% |
| 15 Days to 30 Days | 4.25% | 4.75% | 4.25% | 4.75% |
| 31 Days to 45 Days | 5.75% | 6.25% | 6.25% | 6.75% |
| 46 Days to 60 Days | 6.25% | 6.75% | 6.50% | 7.00% |
| 61 Days to 90 Days | 6.25% | 6.75% | 6.50% | 7.00% |
| 91 Days to 180 Days | 6.25% | 6.75% | 6.75% | 7.25% |
| 181 Days to 270 Days | 6.75% | 7.25% | 7.10% | 7.60% |
| 271 Days to 1 Year | 7.10% | 7.60% | 7.35% | 7.85% |
| 1 Year | 7.30% | 7.80% | 7.50% | 8.00% |
| 1 Year to 2 Years | 7.30% | 7.80% | 7.50% | 8.00% |
| 2 Years to 3 Years | 7.40% | 7.90% | 7.50% | 8.00% |
| 3 Years to 5 Years | 7.25% | 7.75% | 7.35% | 7.85% |
| 5 Years to 8 Years | 6.50% | 7.00% | 7.00% | 7.50% |
| 8 Years to 10 Years | 6.50% | 7.00% | 7.00% | 7.50% |
Table Updated: 4 February 2019
From Table, you can observe that HDFC provides higher fd rates for the higher period fixed deposits.
Important Notes:
- 1% penalty will be charged for closing deposits before maturity time except for 7-14 days deposits.
- Additional .50% interest is available only for Indian resident senior citizens and retired personnel (60 years & above). These rates are not available for NRIs.
- The Minimum time for earning the Fixed deposit interest on NRE Fixed Deposit is 1 year.
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To get more details visitors are advised to visit the official website for HDFC FD details. check out @ http://www.hdfcbank.com/assets/popuppages/interest_rates.htm
View Comments (11)
Hello sir I am a sr citizen and wanted to put my amount in your bank 1000000 can you inform what will I get after one year
Dear sir. I want good interest rates for any products but safe for example FD so Please Inform in Any Idea.?
hello sir i want to make fd for one year i want to know adout interest rates for senior citizen thank you
Hello sir I am a sr citizen and wanted to put my amount in your bank 1700000 can you inform what will I get after one year
I am sr. Citizen I want to keep 25 lacs in fix deposit for 2 yrs. And on FD i willing be taking over draft facility.How much interest will i have to pay on that ?
Regards,
Mahesh
I want to deposit 2 lacs, how much interest i will get after 20 years.
I am senior citizen n want to fix deposit near about Rs.40.0 Lac. Pl inform me prevailing rate of interest on monthly basis.
As per above list interest rate for senior citizen for a period of 3 years in H D F C is 9.25% but I was told in the bank that I shall get 8.75% Pl clarify the same.
They revised their interest rates recently, check it now. Yes bank is right you will get around 8.75% interest rate.
i want to do FD for 2 lakhs for a period of 2 months will i get my money back after 2 months with the interest rates mention in HDFC for FD.
I am senior citizen n want f d for a year or more than a year.what is the f d rate if interest accrued monthly/ quarterly amount of fd is almost 5 lacks.I also heard that yes bank is giving highest f d rate than any other bank including yours. can't you increase rate parallel to that highest one? pl reply.