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HDFC Fixed Deposit

HDFC FD Scheme

Last Updated 24th Dec 2020

HDFC fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 5.85% to 6.25%
Minimum Tenure 1 year
Maximum Tenure 7 years
Deposit Amount Rs. 5,000
Maximum Deposit No Limit
    Earn upto 6.95% on FD APPLY NOW


    HDFC is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between 1 year to 7 years. Apart from that, HDFC FD offers regular returns on fixed deposit ranging between 5.85% to 6.25%. For senior citizens, the interest rates on fixed deposits range between 6.10% to 6.50%. In addition to that, HDFC fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of HDFC Fixed Deposit Schemes

    Different type of HDFC term deposit products offered to the investors are listed as follows:

    Regular Fixed Deposit


    • Under Regular Fixed Deposit, the depositor is allowed to make investment into the deposit to earn attractive and higher returns along with a flexibility and security.
    • Rated AAA by both CRISIL and ICRA
    • Attractive and assured returns
    • High return for senior citizens
    • Nomination facility is available
    • Facility of loan against deposit


    • Resident Indians, private or public limited company, hindu undivided family, trust and partnership firm

    Benefits of HDFC FD

    HDFC fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about HDFC FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, HDFC offers FD rates up to 6.25%. The interest rates offered on HDFC FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. As HDFC is a HFC, deposits are not covered under insurance. However, credit rating agencies give ratings to your deposits, which give a good understanding of savings. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, HDFC term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because HDFC fixed deposit allows one to borrow a secured loan against HDFC FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about HDFC loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: HDFC FD offers the investors the flexibility to choose the investment tenure as per their convenience. HDFC offers fixed deposit for a minimum tenure of up to a maximum tenure of 7 years. HDFC offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, HDFC fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of Rs. 5,000. Apart from that, one can invest in the HDFC FD up to a maximum of No Limit.

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with HDFC means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from HDFC will attract an interest rate lowered by Allowed below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of HDFC fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for HDFC FD

    HDFC FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for HDFC FD

    HDFC fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.


    What is the loan against FD repayment tenure?

    HDFC offers the loan against FD facility to the FD investors with a repayment tenure of up to 7 years.

    What is the minimum investment for FDs under HDFC?

    HDFC FD can be availed with a minimum deposit of Rs. 5,000.

    What is the minimum amount for a fixed deposit in HDFC?

    The minimum amount required for a fixed deposit investment in HDFC fixed deposit is Rs. 5,000.

    What is the current interest rate on FD in HDFC?

    Currently, HDFC offers an interest rate ranging between 5.85% to 6.25% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in HDFC?

    HDFC fixed deposit can be opened with a minimum tenure of 1 year.

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    HDFC News - Jan 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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