HDFC Bank FD Calculator
Domestic/NRO/NRE Term Deposits for General Public (Below Rs. 2 crore)
| Period | Interest Rates for General Public |
|---|---|
| 7 days to 14 days | 2.75% |
| 15 days to 29 days | 2.75% |
| 30 days to 45 days | 3.25% |
| 46 days to 60 days | 3.25% |
| 61 days to 90 days | 3.25% |
| 91 days to 6 months | 3.75% |
| 6 months 1 day to 9 months | 4.65% |
| 9 months 1 day to less than 1 year | 4.65% |
| 1 year | 5.50% |
| 1 year 1 day to 2 years | 5.50% |
| 2 years 1 day to 3 years | 5.50% |
| 3 years 1 day to 5 years | 6.10% |
| 5 years 1 day to 10 years | 5.75% |
Domestic/NRO/NRE Term Deposits for Senior Citizens Customers (Below Rs. 2 crore)
| Period | Interest Rates for Senior Citizens |
|---|---|
| 7 days to 14 days | 3.25% |
| 15 days to 29 days | 3.25% |
| 30 days to 45 days | 3.75% |
| 46 days to 60 days | 3.75% |
| 61 days to 90 days | 3.75% |
| 91 days to 6 months | 4.25% |
| 6 months 1 day to 9 months | 5.15% |
| 9 months 1 day to less than 1 year | 5.15% |
| 1 year | 6.00% |
| 1 year 1 day to 2 years | 6.00% |
| 2 years 1 day to 3 years | 6.00% |
| 3 years 1 day to 5 years | 6.60% |
| 5 years 1 day to 10 years | 6.50% |
Domestic/NRO/NRE Term Deposits for General Public (More Than Rs. 2 Crore and Less Than Rs. 5 Crore)
| Period | Interest Rates for General Public |
|---|---|
| 7 days to 14 days | 3.5 |
| 15 days to 29 days | 3.5 |
| 30 days to 45 days | 3.6 |
| 46 days to 60 days | 4 |
| 61 days to 90 days | 4.75 |
| 91 days to 6 months | 5.25 |
| 6 months 1 day to 9 months | 5.5 |
| 9 months 1 day to less than 1 year | 5.7 |
| 1 year to less than 15 months | 6.05 |
| 15 months to less than 18 months | 6.05 |
| 18 months to less than 21 months | 6.05 |
| 21 months to 2 years | 6.05 |
| 2 years 1 day to 3 years | 6.05 |
| 3 years 1 day to 5 years | 6.1 |
| 5 years 1 day to 10 years | 5.9 |
Domestic Term Deposits for Senior Citizens Customers (More Than Rs. 2 Crore and Less Than Rs. 5 Crore)
| Period | Interest Rates for Senior Citizens |
|---|---|
| 7 days to 14 days | 4 |
| 15 days to 29 days | 4 |
| 30 days to 45 days | 4.1 |
| 46 days to 60 days | 4.5 |
| 61 days to 90 days | 5.25 |
| 91 days to 6 months | 5.75 |
| 6 months 1 day to 9 months | 6 |
| 9 months 1 day to less than 1 year | 6.2 |
| 1 year to less than 15 months | 6.55 |
| 15 months to less than 18 months | 6.55 |
| 15 months to less than 18 months | 6.55 |
| 18 months to less than 21 months | 6.55 |
| 21 months to 2 years | 6.55 |
| 2 years 1 day to 3 years | 6.55 |
| 3 years 1 day to 5 years | 6.6 |
| 5 years 1 day to 10 years | 6.65* |
HDFC FCNR Deposit Rates
| Period | GBP | USD | Euro | JPY | AUD | CAD |
|---|---|---|---|---|---|---|
| 1 year | 1.65% | 3.65% | 0.01% | 0.01% | 2.30% | 2.35% |
| 1 year to 2 years | N/A | 3.25% | N/A | N/A | 2.30% | 2.35% |
| 2 years to 3 years | N/A | 2.65% | N/A | N/A | 2.60% | 2.40% |
| 3 years to 4 years | N/A | 2.40% | N/A | N/A | 2.60% | 2.20% |
| 4 years to 5 years | N/A | 2.00% | N/A | N/A | 2.60% | 2.05% |
| 5 years only | N/A | 1.85% | N/A | N/A | 2.55% | 1.90% |
HDFC RFC Deposit Rates
| Period | GBP | USD | Euro | JPY |
|---|---|---|---|---|
| Less than 29 days | 0.01% | 0.01% | 0.01% | 0.01% |
| 30 days to 3 months | 0.01% | 0.01% | 0.01% | 0.01% |
| 3 months 1 day to 1 year | 0.01% | 0.01% | 0.01% | 0.01% |
| 1 year to 2 years | 0.01% | 3.25% | 0.01% | 0.01% |
| 2 years to 3 years | 0.01% | 2.65% | 0.01% | 0.01% |
| 3 years only | 0.01% | 2.40% | 0.01% | 0.01% |
HDFC Bank Tax Saver FD for General Public
| Tenors | Interest Rates for General Public |
|---|---|
| 5 years | 6.1 |
HDFC Bank Tax Saver FD for Senior Citizens
| Tenors | Interest Rates for Senior Citizens |
|---|---|
| 5 years | 6.6 |
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HDFC Bank FD Calculator
HDFC Bank offers fixed deposit schemes of various tenures at attractive interest rates. If you are looking for stable returns on investment, you can invest in HDFC fixed deposit and earn interest on your invested amount.
With HDFC FDs you can select a tenure of a minimum of 7 days and a maximum of 10 years. You can earn a minimum of 3.00% interest rate for an investment of less than ₹2 crore. It is also crucial to calculate the interest and maturity amount for smooth financial planning. However, manually calculating the interest can be tedious, so you can opt for an online HDFC FD calculator for convenience.
Here’s more about it!
HDFC Bank Fixed Deposit Calculator
HDFC Bank offers various features and attractive interest rates on their fixed deposit schemes. You can start an HDFC fixed deposit investment with a minimum of ₹5000 and earn up to 7.00% interest as a general citizen investing less than ₹2 crore. However, the interest rate can change depending on the investment tenure. For senior citizens, the highest rate is 7.75% for the same investment amount.
Moreover, you can avail ‘Super Saver’ and ‘Sweep In’ facilities when opting for an HDFC fixed deposit. Besides, if you reinvest the principal with interest earned from a fixed deposit, you can earn compound interest. However, compounding the interest rate and calculating the estimated maturity amount manually can be troublesome. You can take the help of online HDFC FD calculators for a hassle-free solution.
How Does the HDFC FD calculator work?
Calculating HDFC fixed deposit interest rates using an online calculator is effortlessly easy. You can calculate the estimated maturity amount in 4 easy steps:
1. Fill the ‘Total Investment’ box with the amount you intend to invest in HDFC FD
2. Select the investment tenure by dragging the cursor across the purple line under ‘Number of years’ box
3. Enter the appropriate interest rate according to the chosen tenure
4. Get the results displayed on the right side of this page
Your ‘Invested Amount’, ‘Estimated Return’, and ‘Total Value’ will be displayed according to your provided inputs.
The online calculation process is hassle-free, as you do not need to solve complicated formulas. However, this online tool calculates using the same complex procedure, but the process is automated to produce the results seamlessly.
Here are the formulas used to calculate the fixed deposit interest rate of HDFC Bank:
Simple interest: M= P+ (PXRXT/100)
Compound interest: A = P (1 + r/n) ^ n*t
In the simple interest formula, “P” is the principal amount you have invested.
“R” stands for rate of interest
“T” denotes the investment tenure
“M” implies the amount you will receive on maturity
Similarly, in compound interest formula, “P” is the invested amount
“r” stands for the annual interest rate
“n” denotes the frequency of compounding FD interest
“A” stands for the amount you receive on FD maturity
Let’s interpret the calculation process with an example:
Let’s assume you invest ₹80,000 in HDFC fixed deposit for a tenure of 2 years at an interest rate of 7.30%. The maturity amount, when calculated using the compound interest formula, will be:
A = 80,000 (1 + 7.30/2) ^ 2
So, the maturity amount is ₹92,453.
Note: To calculate the interest rates accurately, ensure entering the accurate inputs on the proper fields.
Benefits of Online HDFC Bank FD Calculator
The online HDFC FD calculator is beneficial in many ways. Here are some of them:
- Calculating FD interest with online calculators helps save you time as they are designed to compute accurate results instantly and accurately.
- You can calculate the maturity date as well as the total returns even before investing your money in a fixed deposit.
- When you use an HDFC Bank FD calculator, you can plan your investment goals wisely. This is because it allows you to calculate the estimated returns on multiple interest rates as per the investment term. So, you can compare the interest amount and select a suitable FD investment amount and tenure.
- This online tool does not ask for your personal detail and produces an error-free result free of cost. So, there’s no miscalculation risk unless you mistakenly enter the incorrect inputs.
You can use it any time anywhere and it’s entirely free.
If you plan to invest in FDs, Upstox HDFC fixed deposit calculator can be a feasible option for maturity estimation. Its user-friendly interface, easy features, instant results, etc., helps enhance your user experience like never before. With this free online tool, you can make better financial decisions without any mistakes.
Frequently Asked Questions
What is the highest interest rate on HDFC FD?
The highest interest rate on HDFC FD is 7.00% for general citizens and 7.50% for senior citizens on investments below ₹2 crore.
What is the minimum investment for FDs under HDFC?
The minimum investment for HDFC FD is ₹5000.
Do we have a premature withdrawal facility on HDFC FD?
You can withdraw your FD before maturity. However, the rate of interest will be lowered as a penalty.
What is the penalty for early withdrawal in HDFC FD?
For early withdrawal, you need to pay a penalty of 1%.
Can a customer open a term deposit account online in HDFC?
A customer with net banking can open a term deposit account online in HDFC.
Can new customers open an FD online? If not, how can they do so?
New customers cannot open FD online unless they have an internet banking facility on their HDFC bank account.
Can I deposit an additional amount into my already existing FD?
No, you cannot add an additional amount to an already existing fixed deposit.
Can an HDFC FD account be closed online?
If you have booked the FD online through net banking, you can liquidate the FD amount online.
Does HDFC Bank provide an auto-renewal facility for fixed deposits?
Yes, HDFC Bank provides an auto-renewal facility for fixed deposits unless the applicant explicitly mentions against the mode.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.