HDFC Bank FD Calculator
HDFC Bank Fixed Deposit Calculator 2021
HDFC Bank FDs have tenures ranging from 5 years 1 day to 10 years with maximum rate of interest of 5.50%. Interest rates for senior citizens are higher than the normal rates and ranges upto 6.25%.
| Tenure | Rates | Maturity Amount for ₹ 1 Lakh |
|---|---|---|
| 7 days to 14 days | 2.50% to 3.00% | ₹ 1,00,048 - ₹ 1,00,115 |
| 15 days to 29 days | 2.50% to 3.00% | ₹ 1,00,103 - ₹ 1,00,238 |
| 30 days to 90 days | 3.00% to 3.50% | ₹ 1,00,247 - ₹ 1,00,863 |
| 91 days to 6 months | 3.50% to 4.00% | ₹ 1,00,873 - ₹ 1,02,010 |
| 181 days to 364 days | 4.40% to 4.90% | ₹ 1,02,194 - ₹ 1,04,977 |
| 1 year | 4.90% to 5.40% | ₹ 1,04,991 - ₹ 1,05,510 |
| 1 year 1 day to 2 years | 4.90% to 5.40% | ₹ 1,05,005 - ₹ 1,11,324 |
| 2 years 1 day to 3 years | 5.15% to 5.65% | ₹ 1,10,792 - ₹ 1,18,331 |
| 3 years 1 day to 5 years | 5.30% to 5.80% | ₹ 1,17,128 - ₹ 1,33,365 |
| 5 years 1 day to 10 years | 5.50% to 6.25% | ₹ 1,31,427 - ₹ 1,85,924 |
HDFC Bank Fixed Deposit Calculator
HDFC Bank 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.
HDFC Bank Fixed Deposit Interest Calculator – Interest Payment Options
FD Maturity Calculator
The interest earned on a fixed deposit in HDFC Bank depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on HDFC Bank FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of HDFC Bank FD.
Suppose if you make an investment of ₹ 1,00,000 in HDFC Bank FD for a 5-year tenure at an interest rate of 5.50% for depositors below 60 years and 6.25% for senior citizens. The maturity amount for this deposit amount is ₹ 1,31,407 and the total interest earned is ₹ 31,407 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 36,354 which is higher. The maturity schedule of HDFC Bank FD for 5 years is explained below in the table –
Maturity Schedule for ₹ 1,00,000 FD at 5.50% for Citizens below 60 years and at 6.25% 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 | ₹ 5,614 | ₹ 1,05,614 | ₹ 6,398 | ₹ 1,06,398 | ||
| 2022 | ₹ 5,930 | ₹ 1,11,544 | ₹ 6,807 | ₹ 1,13,205 | ||
| 2023 | ₹ 6,263 | ₹ 1,17,807 | ₹ 7,243 | ₹ 1,20,448 | ||
| 2024 | ₹ 6,614 | ₹ 1,24,421 | ₹ 7,706 | ₹ 1,28,154 | ||
| 2025 | ₹ 6,986 | ₹ 1,31,407 | ₹ 8,199 | ₹ 1,36,353 | ||
HDFC Bank 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 Bank FD.
A = P (1 + r/n) ^ n*t
In the above formula –
Other Investment Calculators
FAQs
✅What is the highest interest earned on HDFC Bank fixed deposit?
You can earn a maximum interest of 5.50% on HDFC Bank fixed deposit.
✅How is HDFC Bank FD interest calculated?
The formula to calculate interest on HDFC Bank 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 Bank?
The growth of HDFC Bank 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 Bank 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 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in HDFC Bank.
✅What are the minimum and maximum amounts that I can invest in an HDFC Bank FD?
The minimum investment limit in HDFC Bank Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.
- 2021-01-18 : HDFC Bank net profit rose by 18%
HDFC Bank net profit grew by 18% over a year ago in the December-ended quarter on the back of improved net interest income. Advances which include home, personal, car, two-wheeler and gold loans along with business and mudra loans during the quarter rose 15.6% year-on-year to Rs 10.82 lakh crore. Deposits which includes FD and RD grew by 19% from last year to Rs 12.7 lakh crore. Further, The CASA ratio for the bank stood at 43%. - 2021-01-08 : HDFC Bank posted a double-digit increase in deposits and advances
HDFC Bank reported a double-digit increase in deposits and advances in the third quarter of the fiscal year. The bank advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans hiked by 16% to Rs 10.82-lakh crore as on December 31, 2020. Further, the bank’s deposits rose by 19% in the third quarter of the fiscal to Rs 12.71-lakh crore. The CASA ratio is reported at around 43% as of December 31, 2020. - 2020-10-07 : HDFC Bank net profit jumps 18.4% to ₹7,513 crores
HDFC Bank reported an 18.4% increase in its net profit to ₹7,513 crores for the quarter ended in September 2020. The profit in the year-ago period was at ₹6,345 crores. The bank’s total advances were at ₹10.38 lakh crore in Q2 of FY21, an increase of 15.8% over the same period last year. The domestic retail loans which include retail loans like home, personal, car, two-wheeler, gold and education loan grew by 5.3% and domestic wholesale loans including the business and mudra loan grew by 26.5%. Further, total deposits which include FD and RD reported an increase of 20.3% (YoY) to ₹1,325,072 crore. HDFC bank CASA ratio stood at around 42% as of September 202O. - 2020-08-27 : HDFC Bank revised its FD rates
With effect from 25 August 2020, HDFC Bank revised its FD rates. The FD rates for 7 to 29 days is 2.50%, and it is 3% for 30 to 90 days. The fixed deposit rates for 91 days to six months is 3.50%, for six months one day to one year is 4.40%. Further, the FD rate for one year one day to two years is 5.10%, and it is 5.15% for two years one day to three years. FD rates for three years one day to ten years stands at 5.30%. - 2020-04-21 : HDFC Bank changed its fixed deposit rates
With effect from 22 April 2020, HDFC Bank revised its FD rates. The FD rates 7 to 14 days is 3%, for 15 to 29 days it is 3.50%, and it is 4.25% for 30 to 45 days. The fixed deposit rates for 46 days to six months is 4.75%, for six months one day to nine months it is 5.25%, and for nine months one day to less than one year, it is 5.50%. Further, the FD rate for one year to two years is 5.80%, and it is 6% for two years and one day to ten years.
