HDFC Bank FD Calculator
HDFC Bank Fixed Deposit Calculator 2020
HDFC Bank FDs have tenures ranging from 5 years 1 day to 10 years 9 days 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 | 5.00% to 5.50% | ₹ 1,05,109 - ₹ 1,11,544 |
| 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 731 days | 5.30% to 5.80% | ₹ 1,17,128 - ₹ 1,49,667 |
| 5 years 1 day to 10 years 9 days | 5.50% to 6.25% | ₹ 1,31,427 - ₹ 1,86,211 |
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 % for depositors below 60 years and % for senior citizens. The maturity amount for this deposit amount is ₹ 1,00,000 and the total interest earned is ₹ 0 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 0 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 % for Citizens below 60 years and at % 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 | |||
| 2020 | ₹ 0 | ₹ 1,00,000 | ₹ 0 | ₹ 1,00,000 | ||
| 2021 | ₹ 0 | ₹ 1,00,000 | ₹ 0 | ₹ 1,00,000 | ||
| 2022 | ₹ 0 | ₹ 1,00,000 | ₹ 0 | ₹ 1,00,000 | ||
| 2023 | ₹ 0 | ₹ 1,00,000 | ₹ 0 | ₹ 1,00,000 | ||
| 2024 | ₹ 0 | ₹ 1,00,000 | ₹ 0 | ₹ 1,00,000 | ||
| 2025 | ₹ 0 | ₹ 1,00,000 | ₹ 0 | ₹ 1,00,000 | ||
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 7.35%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.35 = 9.80. 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.
- 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. - 2020-04-06 : HDFC Bank reports 24% rise in deposits and 21% rise in advances
HDFC Bank registered a growth of 24% in its deposits for January to March quarter. The deposit aggregated to Rs. 11.46 lakh crores on 31st March 2020 as compared to Rs. 9.23 lakh crore on 31st March, 2019. In addition, the advances aggregated to Rs. 9.93 lakh crore on 31st March 2020, as compared to Rs. 8.19 lakh crore on 31st March 2019. - 2020-03-18 : HDFC Bank changed its fixed deposit rates
With effect from 18 March 2020, HDFC Bank revised its FD rates. The FD rates 7 to 14 days is 3.50%, for 15 to 49 days it is 4% and it is 4.75% 30 to 45 days. The fixed deposit rates for 46 days to six months is 5.25%, for six months one day to nine months is 5.65% and for nine months one day to less than one year is 5.90%. Further, the FD rate for one year to two years is 6.15%, it is 6.25% two years one day to three years and stands at 6.15% for three years one day to ten years. - 2019-11-18 : HDFC Bank cuts Fixed Deposit rates
HDFC Bank has revised interest rates on fixed deposits. For 6 months 1 day to 9 months, the new rates stand at 5.80% from 6% earlier. For 1 year FD, the rates are revised to 6.30% from 6.45%. For long term deposits, the rates for 3 years and above are slashed to 6.30%. The new rates are effective from November 16, 2019.