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Types of Fixed Deposits
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Know More about HDFC Bank Fixed Deposits
HDFC Bank's Fixed Deposits offer higher interest rates on savings, flexibility in terms of tenure and amount, premature withdrawals, and the option to reinvest principal and interest for compound growth. They also provide features like sweeping funds from linked FDs to cover account shortfalls and an overdraft facility with Super-Saver.
Interest rates on Fixed Deposits vary based on the deposit amount, tenure and type. Additionally, non-withdrawable Fixed Deposits with amounts starting from ₹2 crore usually offer enhanced rates, reflecting their long-term, less liquid nature. Rates are set to reward larger and longer-term investments with better returns. Click here to know more.
Consider the following options to save tax:
Opening a Fixed Deposit with HDFC Bank is convenient through multiple channels. You can use HDFC Bank’s NetBanking platform, Mobile Banking app or PayZapp to create your FD account. Simply log in, navigate to the Fixed Deposit section and follow the prompts to complete your application.
Non-HDFC Bank customers can open a Direct FD with us.
Access the digital booking portal – click here.
Select the tenure and amount that suits you best.
Fill in the required information digitally.
Ensure you successfully complete video KYC for identity verification.
Confirm your booking and watch your savings grow.
*The (Most Important Terms and Conditions) for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Frequently Asked Questions
To open a Fixed Deposit account, you typically need to provide identification documents such as a PAN card, Aadhaar card, passport, driver's licence, and proof of address.
A Fixed Deposit (FD) is a financial instrument where you deposit a lump sum of money with a bank for a fixed period at a predetermined interest rate.
The minimum deposit amount is ₹5,000. There is no specific maximum limit for most FDs.
Interest earned on FDs is taxable. Tax Deducted at Source (TDS) is applicable if the interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. There are certain tax benefits available on selected FDs such as the Five Year Tax Saving Fixed Deposit.
Investing in bank Fixed Deposits offers assured returns and capital protection with minimal risk. It provides a stable and predictable way to grow your savings. FDs offer flexible tenure options and competitive interest rates.
You can add a nominee when opening the FD account or update it later through NetBanking, visiting a branch or contacting customer service.
The Sweep-in facility links your savings or current account with the FD. It enables the automatic transfer of funds from FD to the account when the balance falls below a certain threshold.
Investing in an FD may be relatively safe because the returns are assured and known at the time of booking. Additionally, bank deposits are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
You can withdraw your FD before maturity. However, a premature withdrawal penalty may apply. Please contact your RM in case you need to make premature withdrawals.
You can open multiple FDs with HDFC Bank, as there is no limitation on the maximum number of FDs you can open.
HDFC Bank offers loans against your FD. You can borrow up to 90% of the deposit amount without breaking the FD.
Interest can be received monthly, quarterly or at maturity, based on your preference.
Steady Returns, Low Risk: Invest in Fixed Deposits Now!