Find your suitable insurance plan
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If you are looking for a safe and secured investment plan, go for the HDFC fixed deposit with assured fixed returns. The HDFC FD interest rates are attractive at 7.10 % p.a. offered to the general public and hence they offer good return on investment. The scheme also offers 0.50% extra interest rate to the senior citizens, whereas the rate of interest on bank tax saving FDs offered by HDFC Bank is 7.00% p.a.
The plan allows flexibility to set aside a portion of your salary for future purposes. The HDFC FD account can be opened easily online or offline. For online account opening, you can simply login in the HDFC internet banking and get it done. Let us discuss the HDFC interest rates 2023, in this post.
| Time Duration | Regular Interest Rates | Interest Rates for Senior Citizens |
| 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 days to 60 days | 4.50% | 5.00% |
| 61 days to 89 days | 4.50% | 5.00% |
| 90 days to 6 months | 4.50% | 5.00% |
| 6 months 1 day to 9 months | 5.75% | 6.25% |
| 9 months 1 day to < 1 year | 6.00% | 6.50% |
| 1 year 1 day to < 15 months | 6.60% | 7.10% |
| 15 months 1 day to < 18 months | 7.10% | 7.60% |
| 18 months to < 21 months | 7.00% | 7.50% |
| 21 months 1 day to < 2 years | 7.00% | 7.50% |
| 2years 1 day – 3 years | 7.00% | 7.50% |
| 3 year 1 day to 5 years | 7.00% | 7.50% |
| 5 year 1 day to 10 years | 7.00% | 7.75% |
Here are the different types of HDFC FDs:
A Dream Deposit account allows the flexibility to the investor to keep a part of their salary apart as investments in RDs and FDs for future monetary goals
A Regular Fixed Deposits allows the investor to save money by depositing a certain amount in the FD account to receive assured interest over time
A HDFC NRI Fixed Deposit scheme allows the investor to select from multiple HDFC FD rates with tenure that ranges from 1 to 10 years
An Overdraft Against Fixed Deposits is the facility to have two accounts at the same time. The depositor has the option to select between his/her current or savings account to link it with the FD
Here are some features of HDFC FD account as listed below:
Below are the individuals and groups who are eligible for HDFC Fixed Deposit:
Below are the various options that an investor can opt for while investing in the HDFC FD scheme:
Here are the steps to follow:
Here are the steps to follow:
If you want to go by the offline method of opening an HDFC FD, you can visit your nearest HDFC branch. Take a FD form and fill the required details. Submit all the necessary documents to the branch manager together with the deposit amount. Once the documents are verified successfully, you will get a receipt as proof of account opening.
HDFC bank allows the facility to avail loans for a particular tenure of the FD. The investor of an HDFC FD can avail up to 90 % loan on the Fixed Deposit amount opened in the HDFC bank only. The applicable interest rate on the loan is within 8.3 % to 8.4%.
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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