FIXED DEPOSITS
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IMPORTANT NOTES RESIDENT CUSTOMERS:
Interest rates are subject to change from time to time. Applicable interest rates will be
given as on the date / time of receipt of the funds by the bank. When booking FD
through NetBanking please note the actual interest rate being applied on the "Confirm"
screen. This screen appears before you confirm your request for opening a new FD. In
order to see the latest information, we request you to clear your browsers cache to see
the updated interest rates.
Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Indians
are eligible. The special rates are applicable only for Resident deposits.
When you open a Fixed deposit with HDFC Bank Interest on Term Deposits is
calculated as below
1) On a Quarterly basis for deposits >= 6 months
Interest Rate
(per annum)
7 - 14 days 3.50%
15 - 29 days 5.00%
30 - 45 days 6.00%
46 - 60 days 8.25%
61 - 90 days 8.25%
91 days - 6 months 8.25%
6 mnths 1 day- 6 mnths 3 days 8.75%
6 mnths 4 days 8.75%
6 mnths 5 days- 9 mnths 8.75%
9 mnths 1 day- 9 mnths 3 days 8.75%
9 mnths 4 days 8.75%
9 months 5 days < 1 Year 8.75%
1 Year 8.75%
1 year 1 day - 1 year 3 days 9.00%
1 year 4 days 9.00%
1 year 5 days - 1 Year 15 Days 9.00%
1 Year 16 days 9.00%
1 year 17 days - 2 Years 8.75%
2 years 1day - 2 Years 3 days 8.75%
2 Years 4 days 8.75%
2 years 5 days - 3 Years 8.75%
3 years 1days - 5 years 8.75%
5 years 1 day-10 years 8.25%
2) Simple interest is paid at maturity for deposits < 6 months.
3) Cumulative Interest/ re-investment interest is calculated every quarter, and is added
to the Principal such that Interest is paid on the Interest earned in the previous quarter as
well.
4) In case of monthly deposit scheme, the interest shall be calculated for the quarter and
paid monthly at discounted rate over the Standard FD Rate
Tax at source is deducted as per the Income Tax regulations prevalent from time to
time.
The Bank computes interest based on the actual number of days in a year. In case, the
Deposit is spread over a leap and a non-leap year, the interest is calculated based on the
number of days i.e.,366 days in a leap year & 365 days in a non leap year.The period of
Fixed Deposit is calculated in number of days.
The Minimum tenure for earning FD interest is 7 days.
The interest rate applicable on premature closure of deposits (all amounts) will be lower
of:
a) The base rate for the original/contracted tenor for which the deposit has been booked
OR
b) The base rate applicable for the tenor for which the deposit has been in force with the
Bank
The base rate is the rate applicable to deposits of less than Rs.1 Cr as on the date of
booking the deposit.
The penalty on premature closure of Fixed Deposits including sweep-in and partial
closures has been fixed by the Bank at the rate of 1% except for the FDs booked for the
tenor of 7-14 days.
As interest rates are subject to change without prior notice, depositor shall ascertain the
rates on the value date of FD
