Latest HDFC Bank FD Interest rates – Oct-2016

Latest HDFC Bank FD IntHDFC FD Interest Rates; HDFC Fixed deposit rates, HDFC Bank FD Rateserest rates (Updated: Oct-2016)

HDFC bank is among a few of the largest private sector banks in India where investors trust. Latest HDFC FD Interest rates indicate that they are good for a short term of less than 1 year. However if you want to do FD for longer duration, there are several other large banks like SBI which are offering the highest interest rates. I thought I would provide a quick summary about latest HDFC Interest rates.

Below are the latest HDFC Bank FD interest rates for resident Indians, senior citizens and NRI's (Updated: Oct-2016).

1) HDFC FD Interest rates for ordinary residents for deposit of less than Rs 1 Crore

  • 61 – 90 days   –  6.25%
  • 91 days – 6 months   –  6.50%
  • 6 mnths 1 days – 9 mnths   –  6.75%
  • 9 months 1 days < 1 Year    7.00%
  • 1 Year    7.25%
  • 1 year to less than 2 Years    7.25%
  • 2 year to less than 3 Years    7.25%
  • 3 year to less than 4 Years    7.25%
  • 4 year to less than 5 Years    7.25%
  • 5 years and above – 7.25%

HDFC FD rates are good for short term. However SBI offers higher rates for 1 year and above comparing to HDFC bank.

  • Interest is computed on a quarterly basis
  • Premature penalty closure is 1% of bank FD rate.
  • You need to contact the bank for more than Rs 1 Crore deposits

2) HDFC FD Interest rates for Senior Citizens for deposit of less than Rs 1 Crore

  • 61 – 90 days   –  6.25%
  • 91 days – 6 months   –  6.50%
  • 6 mnths 1 days – 9 mnths   –  6.75%
  • 9 months 1 days < 1 Year    7.00%
  • 1 Year    7.25%
  • 1 year to less than 2 Years    7.25%
  • 2 year to less than 3 Years    7.25%
  • 3 year to less than 4 Years    7.25%
  • 4 year to less than 5 Years    7.25%
  • 5 years and above – 7.25%

You need to contact bank for more than Rs 1 Crore deposits.

3) HDFC Savings Account Interest rates – 4% per annum

4) HDFC FD interest rates for NRE SB Deposit – 4% per annum

5) HDFC fixed deposit rates for NRE Term Deposits

  • 1 year to less than 2 years – 8.75% (> Rs 1 Crore would get 9.00%)
  • 2 year to less than 3 years – 8.75%
  • 3 years to less than 4 years – 8.75%
  • 4 years to less than 5 years – 8.75%
  • > 5 years – 8.25%
  • No interest is paid if you withdraw NRE FD scheme within 1 year
  • No penalty will be levied on premature closure of NRE fixed Deposit

Also Read: Are you investing in these top tax saving FD Schemes?

6) HDFC FD Interest rates for NRO Term Deposits (< Rs 1 Crore)

  • 61 – 90 days   –  6.25%
  • 91 days – 6 months   –  6.50%
  • 6 mnths 1 days – 9 mnths   –  6.75%
  • 9 months 1 days < 1 Year    7.00%
  • 1 Year    7.25%
  • 1 year to less than 2 Years    7.25%
  • 2 year to less than 3 Years    7.25%
  • 3 year to less than 4 Years    7.25%
  • 4 year to less than 5 Years    7.25%
  • 5 years and above – 7.25%
  • Rs 1 Crore and above – Please contact branch

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Suresh
Latest HDFC FD Interest rates

14 comments

  • Himanshu

    Hi Suresh ,
    can you please check , point no. 5 , as i am nre customer of HDFC bank , and it shows me only 7.25% during the window mentioned by you , for term deposit from 1-5 yrs.
    also the latest interest rate is 7.10% as of 21 nov 2016.
    Please update accordingly.

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