HDFC Savings Account Interest Rate: Updated Guide & Details

Interest RatesJan 19, 20266 Min min read

Written by LoansJagat Team

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Key Insights

You can grow your savings with HDFC’s daily interest calculation and quarterly compounding. This way, you earn more on your money.
You can activate the Sweep-In facility to automatically move unused funds into fixed deposits that offer higher interest rates.
Pick the account that fits your needs, whether it’s a Zero-Balance, Senior, or Salary account, so your banking matches your financial goals and lifestyle.

Are you looking for ways to grow your money while it stays in the bank?

This blog explains HDFC Savings Account interest rates and shows how your balance can earn more. You can also compare HDFC savings account interest rate with those from banks like ICICI savings account interest rate to help you choose what’s best for your finances.

Savings account interest is like a reward for keeping your money in the bank. HDFC calculates this interest every day and adds it to your account every quarter, so your money grows over time. NRI customers get the same benefits with the HDFC NRI savings account interest rate.

Example:

I use the HDFC savings account interest rate calculator to check how much I might earn. For example, if I keep ₹2,00,000 in my account at a 3% annual rate, I can expect to earn about ₹500 per month.

The HDFC savings account interest rate per month is compounded quarterly, which helps my savings grow a bit more.

Latest HDFC Bank Savings Account Interest Rates 2025-26

You can grow your savings with HDFC Bank’s new savings account interest rates for 2025-26. These rates are set to help you to grow your money.

Here is the list of the HDFC Bank Savings Account Interest Rate 2025-26:

Effective Date	Below Rs 50 Lakhs	Rs 50 Lakhs to Less than Rs 500 Cr	Rs 500 Cr to less	Rs 1,000
01/03/2003 to 02/05/2011	3.50%	3.50%
3/5/2011 to 18/08/2017	4.00%	4.00%
19/08/2017 to 06/01/2019	3.50%	3.50%
07/01/2019 to 14/04/2020	3.50%	4.00%	RBI Repo Rate + 2bps
15/04/2020 to 10/06/2020	3.25%	3.75%	RBI Repo Rate + 2bps
11/06/2020 to 01/02/2022	3.00%	3.50%
02/02/2022 to 05/04/2022	3.00%	3.50%		4.50%
06/04/2022 to 11/04/2025	3.00%	3.50%
12/04/2025 to 09/06/2025	2.75%	3.25%
10/06/2025 to 23/06/2025	2.75%
24/06/2025 onwards	2.50%

One thing to make sure of is reviewing the latest HDFC rates, as choosing the right savings balance tier can have a big impact on your returns.

HDFC Bank Savings Account Features & Benefits

HDFC Bank gives you competitive rates, and hdfc savings account interest rate per month includes helpful features designed to make managing your finances easier.

Here is the list of the HDFC Bank Savings Account Features and Benefits:

Key Features of the HDFC Savings Account

Benefits of the HDFC Savings Account

Technology Upgrades:

You can use online banking for things like paying bills automatically and transferring money through NEFT, RTGS, or IMPS.
E-wallet services are available for easy digital payments.
Debit-cum-ATM cards can be used both in India and abroad.

Innovative Schemes:

A sweep facility helps you earn more interest by moving extra money into a fixed deposit automatically.
You can get discounts and cashback on certain transactions.
Secure locker facilities are available for storing your valuables.
Zero-Balance. Some accounts offer waivers on annual fees. Annual fee waivers.

Quick Service:

Quick account creation and loan approvals at HDFC Bank.
Service staff help new customers fill out forms and understand the available services.

Higher Interest Rates:

Private banks usually give higher interest rates on savings accounts compared to government banks.

Sweep facility

This feature moves any extra money in your account to a higher interest rate once your balance goes over a certain limit. To start using it, you just need to follow a few activation steps.

Discount benefits

Banks often offer discounts and cashback to Savings Account holders at partner places.

Locker facility

Some banks offer up to 30% off on annual locker fees for account holders. However, not every bank has this scheme, and your eligibility may depend on the type of Savings Account you have.

International Debit Cards

Some banks provide free international debit cards as a benefit. These cards let you shop and withdraw cash abroad without extra fees, making it easier and cheaper to handle foreign transactions.

Automated bill payments

Automated bill payments let your bank pay your bills for you according to your instructions. This service covers credit cards, utilities, insurance premiums, and more, helping you pay on time and avoid late fees.

You can discover a better way to bank with helpful features and real benefits that make growing your money easier every day.

HDFC Bank Savings Account Fees & Charges

If you want to bank transparently, make sure you understand the fees and charges that come with your HDFC Savings Account.

Here is the list of the Fees and Charges of the HDFC Savings account:

Types of Fees and Charges	Detalis
Passbook issuance	Free
Duplicate passbook issuance	₹100, for Senior citizens: ₹90, effective March 1, 2021
Manage cheque/Demand Drafts Cancellation/revalidation	₹45 for Senior citizens, ₹40, effective August 1, 2022
Account Closure (from account opening date)	Up to 14 days: NIL 15 days up to 12 months: ₹500, Senior citizens: ₹300 Beyond 12 months: NIL, effective July 01, 2013.
Debit Card PIN regeneration charge	₹50

Use these clear charges to plan ahead, and take advantage of senior citizen discounts if they apply to you.

Bonus Tip: If you request IPIN regeneration at the branch for physical dispatch, the fee is ₹40 per request. For senior citizens, the fee is ₹36 per request. These rates apply from August 1, 2021.

HDFC Bank Savings Account Types

Take a look at HDFC’s savings accounts. Each one is designed to fit different needs and ways of life.

Types of HDFC Savings Account	Detalis
Regular Savings Account	A regular Savings Account is the most common type. You need to keep a minimum balance in this account. It works well for everyday banking needs.
Zero Balance or Basic Savings Account	This is similar to the regular Savings Account, but unlike that account, you are not required to maintain any minimum balance for this account. It does, however, come with an ATM/Debit Card for your daily transactions.
Women’s Savings Account	A Women’s Savings Account is designed to meet women’s needs. You need to keep a minimum balance, but you also get special benefits for shopping and other transactions.
Kids’ Savings Account	A Kids’ Savings Account helps parents save money for their children. If parents choose, they can let their child use a debit card, which is a good way to teach kids about managing money.
Senior Citizens’ Savings Account	This type of Savings Account is designed for senior citizens and often includes health and investment benefits. Account holders may also receive insurance coverage and better rates on fixed deposits.
Family Savings Account	This account is a version of the regular Savings Account that lets the whole family share its benefits through a single account.
Salary Account – Salary-Based Savings Account	Banks typically open these accounts at the request of large companies to help distribute employee salaries. Employees manage their own accounts and usually do not need to keep a minimum balance. On payday, the bank transfers the salary from the company’s account to each employee’s account.

Find the right account for you, whether you want a simple zero-balance option or a premium family banking solution.

Conclusion

In short, an HDFC Savings Account offers competitive interest rates, several account options, and helpful digital tools. You can use the interest rate calculator to plan your savings, grow your money, and make better financial decisions.

FAQs

How much interest does an HDFC Bank savings account give?

HDFC Bank gives a flat interest rate of 2.50% per year on all savings account balances. Customers can choose from several types of savings accounts, such as a basic salary account, Savings Max, a women’s special account, BSBDA, a senior citizen account, and more.

Should I open an HDFC Savings Max account just to get benefits like pre-approved offers?

Deciding if you should open an HDFC Bank Savings Max account just for pre-approved offers means looking at the benefits, costs, and your own banking habits.

How does HDFC calculate interest rates on savings accounts?

HDFC Bank uses the Daily Product Method to calculate savings account interest. This means the bank looks at your account’s closing balance each day, applies the daily interest rate (Annual Rate divided by 365), and adds up the interest. Interest is usually paid every quarter. The formula is about (Daily Closing Balance × Rate × Days in Period) divided by 365.

When is the interest credited in the HDFC savings bank account?

HDFC Bank pays interest on savings accounts four times a year. The interest is calculated daily based on your closing balance, so you earn interest every day your money is in the account. Payments are made at the end of March, June, September, and December.

How often is interest added to my HDFC savings account?

Interest on your HDFC Bank savings account is added every quarter, and the same goes for icici savings account interest rate.

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LoansJagat Team

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‘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.

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