Latest HDFC Bank FD Interest rates – Oct-2016

Latest HDFC Bank FD Interest 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 ₹ 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 ₹ 1 Crore deposits

2) HDFC FD Interest rates for Senior Citizens for deposit of less than ₹ 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 ₹ 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% (> ₹ 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 (< ₹ 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%
• ₹ 1 Crore and above – Please contact branch

If you enjoyed this article, share the link on Facebook/Twitter. 

Suresh
Latest HDFC FD Interest rates

• Author
• Recent Posts

Suresh KP

Founder at Myinvestmentideas.com

Suresh KP is the founder of MyInvestmentIdeas.com, which he has run since 2011. He has over 23 years of experience across investments, mutual funds, stock markets, insurance, taxation and financial planning, and has written 2,500+ articles for Indian retail investors. He has completed NISM Investment Adviser (Level 1 & 2) and NISM Research Analyst certifications. Articles on this site compare publicly available data for educational purposes; Suresh is not a SEBI-registered investment adviser. More about his background: About Suresh KP | X (Twitter)

Latest posts by Suresh KP (see all)

• Suresh KP Mutual Fund Portfolio 2026: Where I Invest - October 17, 2026
• 20 Highest Return Mutual Funds Over the Last 20 Years - October 14, 2026
• 5 Best Value Mutual Funds for 2026 Based on Rolling Returns - October 11, 2026