HDFC Bank Fixed Deposit (FD) Interest Rates

HDFC Bank has gained popularity as a private bank in India. The bank is interconnected very strongly with the online real time link among its all branches.

It provides its customers with many facilities such as net banking, SMS banking, phone banking and mobile banking.

Below are given the FDs offered by HDFC Bank:

The customers can get the updates about the status of their FD accounts 

Options for interest payout offered by the bank:

The customers can choose from the different options for interest payout.  By choosing from these options, an income stream can be created as per their financial needs. 

Below are given the options for interest payout offered by the bank: 

Monthly payout option 

People who want regular income on monthly basis via their FD accounts to fulfill their recurring and monthly expenses, can go for this option.

Quarterly payout option

People who want to reinvest the compounder sum at the quarter's end, can choose this option. This is also a good option for the retired people who want a fixed amount quarterly.

Sum Payout Option (Payment is done on when FD is matured)

This is the most popular payout option that allows the customer to use accrued money for new investments such as property purchasing, college education or for reinvesting.

Eligibility criteria to open an FD in HDFC Bank: 

Below given groups and individuals can open an FD with the bank:

Procedure to open an FD in the bank:

To open the account in the bank, just visit your nearest branch or download the form available online and fill the form.

Now submit the form, required documents and the amount in the bank and your FD account will be opened.

Rates of interest on FDs offered by the bank:

The bank provides very lucrative interest rates to the customers. The customers can choose from different tenures with interest rates that suit their requirements.

The customers earn higher interest on medium term and long term FDs than shorter term FDs when the interest is frequently compounded.

An Indian resident is offered an interest rate of 8.75% per annum which is compounded every quarter.

An individual is offered an interest rate of nearly 8.25% per annum for the vested property having a term of nine months or above and 8% for the period of four to six months.

And if the tenure is two or three months, he/she will get an interest rate of   7.75% per annum with extra liquidity advantage. If he /she want the maximum liquidity available, then a period of one month will offer him/her an interest rate of 6%. 

The minimum and the maximum deposit required to have an FD in the bank: 

Minimum - 

Five thousand rupees

Maximum- 

In case the amount invested in an FD crosses fifty thousand rupees, then the customer has to produce his/her PAN card operative since April 1, 2010.

The minimum and the Maximum tenure for the FDs in the bank:

Minimum- one week 

Maximum- ten years

Below is given some more information about the FDs with HDFC bank:

NRE FDs:

Below are given the rates of interest for the NRE FDs below one crore rupees:

366 days - 6.75 %

2 years - 6.75 %

3 years- 6.5 %

These rates can be changed by the bank any time. So, one should be updated about the rates before applying.

NRO FDs

Below are given the rates of interest for the NRO FDs below one crore rupees:

One week - 4.25 %

60 days to 89 days - 6.05 %

365 Days - 7 %

731 Days - 6.75 %

37 to below 48 months - 6.50%

These rates can be changed by the bank any time. So, one should be updated about the rates before applying.

FCNR FDs

Below are given the rates of interest for the NRO FDs:

Duration

USD

EUR

GBP

One to two years

.10

.10

.10

Two to three years

.10

.10

.10

Three years

.10

-

.10

These rates can be changed by the bank any time. So, one should be updated about the rates before applying.