HDFC Bank FD Interest Rates: Complete Guide

Key Takeaways

• HDFC Bank FD Interest Rates range from 2.75% to 6.40%, depending on tenure and age category (senior vs regular).
   
• Senior citizens get 0.25%–0.50% more, making long-term deposits especially rewarding for retirees.
   
• Premature withdrawal attracts a 1% penalty, and short-term FDs earn only simple interest.
   
• Tax Deducted at Source (TDS) applies if annual interest exceeds ₹40,000 (₹50,000 for seniors), so planning is important.

Bonus: If you open a 5-year tax-saving in HDFC Bank FD, you can claim up to ₹1,50,000 deduction under Section 80C, but early withdrawal is not allowed.

HDFC Bank FD Interest Rates refer to the fixed returns given by HDFC on deposits for chosen tenures under specific rules.

Sneha More, a 36-year-old teacher from Pune, invested ₹5,00,000 in an HDFC Bank FD for 5 years. She got an interest rate of 6.15%. At maturity, her amount became approximately ₹6,76,947. Her total interest earned was ₹1,76,947.

Her father, aged 65, invested ₹5,00,000 in the same FD but received 6.65% due to senior citizen benefits. His maturity amount came to around ₹6,89,616,  a difference of ₹12,669 due to higher interest. 

This shows how HDFC Bank FD interest rates work differently for regular and senior citizens. This blog explains everything you need to know, from current HDFC FD rates to penalties, rules, and tax details. 

Fixed Deposits (FDs) are one of the safest savings options in India. HDFC Bank FD offers various schemes with different interest rates depending on the deposit amount, tenure, and customer type. The bank provides separate rates for regular customers and senior citizens.

HDFC Bank FD interest rates are fixed for the entire term, giving you a guaranteed return. In 2025, these rates are especially important to understand due to changing RBI policies, inflation, and customer needs.

HDFC Bank FD Interest Rates 2025

HDFC has shared its latest FD interest rates for 2025. These apply to fixed deposits below ₹3 crore for domestic/NRO customers. Senior citizens enjoy slightly higher rates.
 

These rates show that interest increases after 6 months and reaches a peak around 2–3 years. For long-term saving, a 5-year FD offers consistent returns with senior citizen benefits.

Senior Citizen HDFC FD Interest Rates

HDFC Bank gives extra interest to senior citizens (above 60 years). Usually, the benefit is 0.25%–0.50% above the regular rate.

• If the regular rate is 6.25%, a senior citizen gets 6.75%.
• For a ₹2,00,000 deposit over 2 years, a senior earns around ₹28,000 in interest, while a regular customer earns only ₹25,600.
• This benefit helps seniors grow their retirement savings faster.
• The extra rate applies only if the customer books the FD under the "Senior Citizen Care" scheme or qualifies by age.

This interest difference can result in extra ₹2,000 to ₹15,000 over 3–5 years, making it a great option for older customers.

Term-wise FD Rates

HDFC Bank offers FDs starting from just 7 days to as long as 10 years. This flexibility helps all kinds of investors.
 

From this table, we learn that FDs under 6 months offer much lower returns, while 2–3 year terms offer the best balance of returns and liquidity.

Types of HDFC Bank Fixed Deposit Schemes

HDFC Bank offers various FD schemes to suit different needs. Each one has unique features depending on when you need your money and how you want your interest.

• Regular Fixed Deposit: The most common FD type where you lock in your money for a chosen period. Interest is paid at maturity (cumulative) or at intervals (non-cumulative).
• Senior Citizen FD: Special rates for those above 60 years. This offers 0.25%–0.50% higher than standard rates.
• Tax Saving FD: Offers tax benefits under Section 80C of the Income Tax Act. Tenure is fixed at 5 years, and early withdrawal is not allowed.
• Sweep-In FD: Your savings account is linked with FD. When your account balance goes above a limit, the excess is moved into FD and earns interest.

These types allow people to save based on flexibility, tax planning, or higher returns.

Features and Benefits of HDFC Bank FD

Before opening an FD, it’s helpful to understand what makes HDFC FDs attractive to depositors.

• Fixed and safe returns: Your money grows at a pre-decided rate, with no market risk involved.
• Flexible tenure: Choose from as short as 7 days to as long as 10 years depending on your goals.
• Senior citizen benefit: Extra interest rates for investors above 60.
• Loan facility: You can take a loan of up to 90% of your FD value in case of emergency.
• Online booking and management: FDs can be created and closed online via net banking or mobile app.
• Nomination facility: You can nominate a family member to receive the FD in case something happens to you.

These features help customers balance safety, convenience, and liquidity.

Comparison of HDFC FD Rates with Other Banks

Let’s compare HDFC Bank FD interest rates with some leading banks to see where it stands.
 

This comparison shows that while HDFC offers good safety and digital ease, its interest rates are slightly lower than some other private or public banks in 2025.

If you're looking purely for higher interest, other banks might offer a better rate, but HDFC wins on service, trust, and ease of use.

Eligibility Criteria & Required Documents for HDFC Bank FD

Opening a fixed deposit in HDFC Bank is simple, but you must meet some conditions and provide valid documents.
 

Now let us have a look at the documents one might need to apply for FD at HDFC bank.
 

Submitting these documents during the FD opening process ensures you face no rejection or delay.

Tax Implications on HDFC Bank FD

The interest earned on HDFC Bank fixed deposits is taxable. You must understand the rules to avoid confusion during maturity.

• If your total FD interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens), HDFC Bank will deduct TDS at 10%.
• If you don’t provide your PAN, the TDS will be higher, usually 20%.
• Even if no TDS is deducted, you must still report your interest income while filing tax.
• Senior citizens can submit Form 15H, and others can submit Form 15G to avoid TDS (if income is below the taxable limit).
• Interest is taxed as “Income from Other Sources” and added to your total income.

If Ramesh earns ₹60,000 interest from FD in one year, HDFC Bank will deduct ₹6,000 as TDS (10%) if PAN is submitted. He will receive ₹54,000 and must declare the full ₹60,000 in his ITR.

HDFC Bank FD Premature Withdrawal & Closure Rules

HDFC Bank allows you to break your FD before maturity, but there are certain conditions and penalties.

• You can withdraw after 7 days, but if withdrawn early, you may lose 1% from the original interest rate.
• For FDs less than 6 months, simple interest is paid (not compound).
• In case of multiple FDs made on the same day in the same tenor, the lower rate is applied to all, based on aggregate or individual value.
• Partial withdrawal is not allowed, only full withdrawal is permitted.
• Premature closure must be requested online or at the branch.

For Example: Ritika opened a ₹2,00,000 FD for 2 years at 6.50%. She closed it after 10 months. Her revised interest rate became 5.50%, and she lost ₹2,000 due to early closure.

How to Invest in HDFC Bank FD?

You can invest in an HDFC FD both online and offline. Here are the steps:

• Log in to HDFC NetBanking or use the Mobile App.
• Go to the “Fixed Deposit” section and click on “Create New FD”.
• Choose the deposit amount, tenure, interest payout option (monthly, quarterly, cumulative).
• Verify your details and confirm.
• If you prefer offline, visit the branch with your documents and cheque.

Once created, you will receive an FD receipt in your registered email or physical copy (for offline FDs). You can also check FD status, maturity amount, and renewal options online anytime.

Conclusion

HDFC Bank FD Interest Rates in 2025 offer a reliable way to grow your savings with safety and fixed returns. With flexible tenures, extra benefits for senior citizens, and fully digital management options, HDFC FDs are well-suited for all types of investors. 

While the rates may be slightly lower compared to some other banks, the trust, security, and convenience make up for it.

Before investing, compare interest rates, read the terms for premature withdrawal, and calculate tax impact. Planning ahead helps you get the most from your FD.

FAQs

1. Can I open an HDFC FD without a savings account?
Yes, but it’s easier to open and manage FDs digitally if you have an HDFC savings account.

2. Does HDFC allow auto-renewal of FDs?
Yes, you can choose auto-renewal at the time of booking. It helps reinvest the principal or both principal + interest.

3. Can I change the nominee on an HDFC FD later?
Yes, you can change nominee details anytime by visiting a branch or using NetBanking.

4. Will my FD rate change if RBI changes the repo rate?
No, once booked, your HDFC FD interest rate stays the same for the full tenure, even if RBI rates change.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.