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HDFC FD Calculator

HDFC Fixed Deposit Interest Calculator

Last Updated 08th Mar 2021

HDFC FDs have tenures ranging from 99 months to 99 months with maximum rate of interest of 6.25%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.50%.

Tenure Rates Maturity Amount for ₹ 1 Lakh
33 months 5.75% to 6.00% ₹ 1,16,999 - ₹ 1,17,795
66 months 6.20% to 6.45% ₹ 1,40,268 - ₹ 1,42,180
99 months 6.25% to 6.50% ₹ 1,66,802 - ₹ 1,70,223
HDFC FD Maturity Calculator
Investment Offers with High Returns offerOffers
Bank/NBFCs Rate Tenure Action
Bajaj Finance FD7.25%60 MonthsAPPLY
PNB Housing Finance FD6.95%60 MonthsAPPLY
HDFC Bank FD6.25%10 YearsAPPLY

HDFC Fixed Deposit Calculator

HDFC fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

  • Deposit amount – This is the initial amount deposited by a customer in HDFC. Bank may allow higher interest rate on larger deposits. HDFC offers deposit amount in the range of 1,000 to No Limit.
  • Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. HDFC offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by HDFC is 6.25% for deposit amount below Rs. 2 crore corresponding to a deposit tenure of 99 months to 99 months.
  • Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 5.75% for a 99 months FD and a rate of 6.25% for a 99 months FD.
  • Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
  • TDS applicability and TDS rate
    • Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 990 days at an interest rate of 5.75%. In this case, the maturity amount at the end of 990 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

      HDFC calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

HDFC Fixed Deposit Interest Calculator – Interest Payment Options

  • In a periodic interest payout option, HDFC would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
  • In case you opt for a HDFC cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
  • Calculate the FD maturity amount using the FD calculator.

FD Maturity Calculator

The interest earned on a fixed deposit in HDFC depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on HDFC FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of HDFC FD.

Suppose if you make an investment of ₹ 1,00,000 in HDFC FD for a 5-year tenure at an interest rate of 6.25% for depositors below 60 years and 6.50% for senior citizens. The maturity amount for this deposit amount is ₹ 1,36,354 and the total interest earned is ₹ 36,354 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 38,042 which is higher. The maturity schedule of HDFC FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 6.25% for Citizens below 60 years and at 6.50% for Senior Citizens for 5 years

Year Citizens below 60 Years of Age Senior Citizens above 60 Years
Interest Earned Closing Balance Interest Earned Closing Balance
2021 ₹ 4,761 ₹ 1,04,761 ₹ 4,955 ₹ 1,04,955
2022 ₹ 6,703 ₹ 1,11,464 ₹ 6,990 ₹ 1,11,945
2023 ₹ 7,131 ₹ 1,18,595 ₹ 7,456 ₹ 1,19,401
2024 ₹ 7,588 ₹ 1,26,183 ₹ 7,952 ₹ 1,27,353
2025 ₹ 8,073 ₹ 1,34,256 ₹ 8,482 ₹ 1,35,835
2026 ₹ 2,098 ₹ 1,36,354 ₹ 2,207 ₹ 1,38,042

HDFC FD Calculator Formula

Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on HDFC FD.

A = P (1 + r/n) ^ n*t
In the above formula –

  • A - Amount received on maturity
  • P – Deposit amount
  • r - Annual interest rate
  • n - Number of times the interest is compounded
  • t is Investment tenure

Other Investment Calculators


What is the highest interest earned on HDFC fixed deposit?

You can earn a maximum interest of 6.25% on HDFC fixed deposit.

How is HDFC FD interest calculated?

The formula to calculate interest on HDFC FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.

How many years FD will double in HDFC?

The growth of HDFC FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in HDFC FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 7.25%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.25 = 9.93. So it will take a little more than 14 years for one’s investment to get doubled in HDFC.

What are the minimum and maximum amounts that I can invest in an HDFC FD?

The minimum investment limit in HDFC Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.

HDFC News - Apr 2021
  • 2020-10-23 : HDFC Limited changed its fixed deposits rates
    HDFC has revised its fixed deposit rate with effect from 22 October 2020. The revised rate for 33 months stands at 5.85% and for 66 months it stands at 6.25%.In addition to this, for senior citizens, the rates vary by an additional 25 basis points.
  • 2020-05-21 : HDFC Bank introduced Senior Citizen Care FD
    HDFC launched Senior Citizen Care FD to assist the senior citizens amid reduced interest rate regime due to the economic crisis. The interest rate applicable to the fixed deposit will be 6.50 per cent which is 75 bps above the rate applicable to the general customers.
  • 2020-04-22 : HDFC Limited revised its fixed deposits rates
    HDFC has revised its fixed deposit rate with effect from 15 April 2020. The revised rate for both 33 months and 66 months stands at 7.30%.In addition to this, for senior citizens, the rates vary by an additional 25 basis points and stand at 7.55%.
  • 2019-12-30 : HDFC Limited cuts its fixed deposits rates
    HDFC has revised its fixed deposit rates on December 24, 2019. The revised rate for both 33 months and 66 months stands at 7.50%.For senior citizens the rates vary by an additional 25 basis points, and stand at 7.75%.
  • 2019-11-25 : New Fixed Deposit rates for HDFC Ltd
    HDFC Ltd revised its fixed deposit rates from November 8, 2019. New rates on a period of 33 months and 66 months is 7.61%. Senior citizens rates vary by an additional 25 basis points.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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