Fixed Deposit Details
Bank Name
HDFC Bank
Eligibility
Below are the individuals and groups eligible for a Regular Fixed Deposit:
Residents
Hindu undivided families
Sole proprietorship firms
Partnership firms
Limited companies
Trust accounts
Interest Rate
3% to 7%
Tenure
7 days - 10 years
Fixed Deposit Type
Regular FD
Regular Fixed Deposit
Tax Benefits
No
Credit Ratings
CARE AAA (FD); Stable [Triple A (Fixed Deposit); Outlook: Stable]
Interest Payment Frequency
Monthly/quarterly, Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Both
Features
Easy investment with attractive interest rates, flexibility, high returns and security Higher rate of interest on Fixed Deposit for Senior Citizen Convenience of booking deposit through NetBanking. Super Saver facility (Like two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements.) for optimum utilisation of the funds in your Savings / Current account.
Minimum Investment Amount
₹ 5,000
Features & Benefits
Pros
Guaranteed Returns
Flexible Tenure
Interest Payout Options
Loan Facility
Cons
Early Withdrawal Penalty
Pros & Cons
Account Opening Procedure
How to Open?
Log in to HDFC Bank NetBanking portal.
Navigate to the ‘Deposits’ section and look for ‘Fixed Deposit’ or similar options.
The online process might vary slightly, but generally, you'll choose ‘New Deposit’, pick ‘Regular FD’ from the product options, and enter details like deposit amount, tenure (options range from 7 days to 10 years), and interest payout preference (monthly, quarterly, or interest reinvestment).
Follow the on-screen instructions to complete the application and confirm the deposit using your NetBanking credentials.
Application Procedure
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