HDFC Bank FD 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.

• Deposit amount – This is the initial amount deposited by a customer in HDFC Bank. Bank may allow higher interest rate on larger deposits. HDFC Bank 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 Bank 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 Bank is 5.50% for deposit amount below Rs. 1 crore corresponding to a deposit tenure of 5 years 1 day to 10 years.
• 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 2.50% for a 5 years 1 day FD and a rate of 5.50% for a 10 years 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 7 days at an interest rate of 2.50%. In this case, the maturity amount at the end of 7 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 Bank calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

• In a periodic interest payout option, HDFC Bank 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 Bank 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.

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 –

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

✅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 7.60%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.60 = 9.47. 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.