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Principal
Total Interest
Total Interest : ₹49,919
Maturity Amount : ₹1,19,80,558
Deposit Amount : ₹69,80,558
HDFC has a broad range of options for fixed deposit schemes. To choose the most suitable FD plan, you must know the maturity amount beforehand. You can use the HDFC Bank Fixed Deposit Calculator on the CreditMantri website to estimate the maturity amount and the interest earned. All you have to do is enter the rate of interest, duration, and the deposit amount. The calculator computes the FD maturity amount and the interest earned and displays them.
How to Use CreditMantri’s Calculator for HDFC Bank FD?
- Step 1 : Enter the deposit amount, rate of interest, and the time period in years.
- Step 2 : The maturity amount and the interest earned are displayed instantaneously.
HDFC Fixed Deposit Interest Rates 2024
Fixed deposit interest rates for Domestic / NRO / NRE Fixed Deposits
Deposit amount less than 2 crores.
| Tenure | Regular customers (p.a.) | Senior citizens (p.a.) |
|---|---|---|
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 to 60 days | 4.50% | 5.00% |
| 61 to 89 days | 4.50% | 5.00% |
| 90 days to < = 6 months | 4.50% | 5.00% |
| 6 months 1 day < = 9 months | 5.75% | 6.25% |
| 9 months and 1 day to less than 1 year | 6.00% | 6.50% |
| 1 year to < 15 months | 6.60% | 7.10% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to < 21 months | 7.25% | 7.75% |
| 21 months to 2 years | 7.00% | 7.50% |
| 2 years and 1 day to less than 2 years and 11 months | 7.00% | 7.50% |
| 2 years 11 months to 35 months | 7.15% | 7.65% |
| 3 years and 1 day to less than 4 years and 7 months | 7.00% | 7.50% |
| 4 years 7 months to 55 months | 7.20% | 7.70% |
| 4 years 7 months 1 day < = 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 7.00% | 7.50% |
Fixed deposit interest rates for Domestic / NRO / NRE Fixed Deposits
Deposit amounts > or = 2 crores and less than 5 crores
| Tenure | Regular customers (p.a.) | Senior citizens (p.a.) |
|---|---|---|
| 7 to 14 days | 4.75% | 5.25% |
| 15 to 29 days | 4.75% | 5.25% |
| 30 to 45 days | 5.50% | 6.00% |
| 45 to 60 days | 5.75% | 6.25% |
| 61 to 89 days | 6.00% | 6.50% |
| 90 days <= 6 months | 6.50% | 7.00% |
| 6 months 1 day <= 9 months | 6.65% | 7.15% |
| 9 months 1 day less than or = 1 year | 6.75% | 7.25% |
| 1 year to < 15 months | 7.40% | 7.90% |
| 15 months to < 18 months | 7.05% | 7.55% |
| 18 months to < 21 months | 7.25% | 7.75% |
| 21 months to 2 years | 7.05% | 7.55% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 7.00% | 7.50% |
Fixed deposit interest rates for Domestic / NRO / NRE fixed deposits - Withdrawable deposits
Deposits amounts equal to and more than Rs. 5 crores
| Tenure | Interest rates |
|---|---|
| 7 to 14 days | 4.75% |
| 15 to 29 days | 4.75% |
| 30 to 45 days | 4.75% to 5.75% |
| 46 to 60 days | 4.75% to 5.75% |
| 61 to 88 days | 4.75% to 6.00% |
| 89 days <= 120 days | 4.75% to 6.95% |
| 121 days <= 150 days | 4.75% to 6.95% |
| 151 days <= 6 months | 4.75% to 6.95% |
| 6 months 1 day <= 9 months | 4.75% to 7.20% |
| 9 months 1 day to < 1 year | 5.00% to 7.25% |
| 1 year to < 15 months | 5.00% to 7.40% |
| 15 months to < 18 months | 5.00% to 7.05% |
| 18 months to < 21 months | 5.00% to 7.25% |
| 21 months to 2 years | 5.00% to 7.05% |
| 2 years 1 day to 3 years | 5.00% to 7.00% |
| 3 years 1 day to 5 years | 5.00% to 7.00% |
| 5 years 1 day to 10 years | 5.00% to 7.00% |
Fixed deposit interest rates for Domestic/NRE/NRO fixed deposit rates - Non-withdrawable term deposits
Deposit amounts equal to and over Rs. 2 crores.
| Tenure | Interest rates |
|---|---|
| 89 days <= 120 days | 7.00% to 7.10% |
| 121 days <= 150 days | 7.00% to 7.20% |
| 151 days <= 6 months | 7.00% to 7.20% |
| 6 months 1 day <= 9 months | 7.10% to 7.35% |
| 9 months 1 day to < 1 year | 7.35% to 7.55% |
| 1 year to less than 15 months | 7.55% to 7.65% |
| 15 months to less than 18 months | 7.45% |
| 18 months to less than 21 months | 7.45% |
| 21 months to 2 years | 7.45% |
| 2 years 1 day to 3 years | 7.20% |
| 3 years 1 day to 5 years | 7.20% |
| 5 years 1 day to 10 years | 7.20% |
Disclaimer : The interest rates specified in the above tables are as of 7th May 2024 when this page was written and are subject to change. For exact interest rates, contact the bank or refer to their website.
Features and Benefits of HDFC Fixed Deposits
-
HDFC FDs come with attractive interest rates
-
HDFC FD interest rates are fixed when you open the deposit, and the rate depends on the tenure of the deposit.
-
HDFC fixed deposits have flexible tenures ranging from 7 days to 10 years
-
You can take a loan against an HDFC FD in the form of an overdraft, and you can get upto 90% of the FD amount.
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Senior citizens get a bonus interest rate of 0.50% p.a. over regular rates.
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The minimum amount needed to open a fixed deposit with HDFC Bank is Rs. 5000.
-
If you prematurely withdraw within 7 days of opening the account, you won’t receive any interest on the deposit.
-
The bank provides a nomination facility.
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The Super Saver FD of HDFC Bank allows a sweep-in facility that enables customers to complete transactions even if they don’t have enough balance in their FD accounts.
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You can earn compound interest by reinvesting the principal along with the interest amount accrued on the FD.
How to Compute the Maturity Value and the Interest on HDFC FD?
The maturity value on the HDFC FD is computed as follows:
M = P (1 + r/n) ^ n*t
Here,
M = Maturity value
P = initial deposit amount
R = interest rate
N = the frequency at which the interest rate applicable is compounded.
T = duration of the investment
Let us take an example: Say you are investing an amount of Rs. 8000 for 8 years at an interest rate of 5% compounded quarterly. Then the HDFC FD’s maturity amount is calculated as
M = 8000(1 + 5/100/4)^4*8
= 8000(1 + 0.05/4)^32
= 11905.04
The investment amount = Rs. 8000
Therefore interest earned on deposit = 11905.04 - 8000
= 3905.04
Computing the values of maturity amount and interest accrued takes time when done manually. So, it is ideal to use CreditMantri’s HDFC Fixed Deposit Calculator to do it.
Note : The values of maturity amount and interest earned may vary slightly across different online calculators and also with the value derived from manual computation.
FAQs
1) What is the maximum FD limit?
The maximum FD limit varies across banks and depends on parameters like the account type, duration, and the status of the depositor.It can go from some lakhs to several crores.
2) Is there a penalty for closing the FD account prematurely?
Yes, a penalty of 1% will be charged by HDFC Bank when the FD account is closed prematurely.
Disclaimer : This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.