Regular FD

What's in store for you

Fixed Deposit Calculator

Your path to financial stability is guaranteed.

Reinvestment

Customer Type:

₹
₹ 5,000 ₹ 2,99,99,999
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Months 12
Days 0
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Interest Rate: 6.00

%
Total Maturity Amount (Principle + Interest)

₹

Maturity Date

27-01-2026

Interest Amount

₹6765

Open FD View FD Rates

Find the best interest rates and duration

5.75%

9 M 1 day to < 1 Yrs

Highest

6.60%

18 M to 21 M

6.45%

21 M to 2 Yrs

Note: This is an approximate maturity amount. The final value may differ. Also, it does not include TDS deductions.

Interest Calculation

Financial year wise interest amount

More benefits than ever before

Investment Benefits

  • Investment with attractive interest rates, flexibility, good returns & security

Banking Benefits

  • Attractive rate of interest on Fixed Deposit (FD) for Senior Citizen

Digital Benefits

  • Convenience of booking deposit through NetBanking

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Wondering if you are eligible?

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
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Documents required to get you started 

Identity Proof

  • Recent photograph
  • KYC documents

Individual & Company Proof

  • PAN card
  • Aadhaar Card
  • Passport
  • Driving License
  • Voter’s ID

Partnership Proof

  • Incorporating certificate
  • Authorised signatories ID proofs
  • Partnership Deed
  • Authorised signatories’ signatures

Hindu Undivided Family

  • Self-attested PAN card
  • HUF declaration deed
  • HUF’s Bank Statement

Application Process  for Opening a Digital Account with Aadhaar

Apply online in just 4 simple steps:

  • Step 1 - Validate your mobile number
  • Step 2- Select the ‘Account Type’ of your choice
  • Step 3- Provide personal details including Aadhaar number
  • Step 4- Complete Video KYC
Apply Now
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Ways to open a Bank Account

Know More About Regular Fixed Deposit

Super Saver Facility

  • With our 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. It's like two Accounts working in tandem to give you better returns. 

  • With the 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.), 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.

Convenience:

Tax Deductions for Re-investment Fixed Deposits

Tax Deductions

Tax Deductions for Re-Investment Fixed Deposits: 

  • TDS will be deducted if interest payable/reinvested on RD and FD exceeds ₹50,000, ₹1,00,000 for senior citizens, in a financial year.

  • TDS certificates will be mailed quarterly during the financial year. 

Effective August 9, applicable TDS rates are as follows: 

Effective May 14, 2020, March 31, 2021, TDS rate is reduced from 10% to 7.5% on resident deposits. 

  Tax Rate Surcharge Education Cess TOTAL
Resident Individuals and HUF 10% ---- ---- 10%
Corporate Entity 10% ---- ---- 10%
Firms 10% ---- ---- 10%
Co-operative Societies and Local Authority 10% ---- ---- 10%

As per section 206AA introduced by finance (No.2) Act, 2009, effective April 1, 2010, every person who receives income on which TDS is deductible shall furnish his pan, failing which TDS shall be deducted at the rate of 20% as against the existing TDS rate. 

Tax Deductions for Monthly/Quaterly interest payout Fixed Deposits

Fixed Deposits booked with monthly or quarterly interest payout option, TDS recovery will by default happen from linked current / savings account. Please visit nearest branch / contact RM for further clarification.

Tax Deductions For Re-Investment Fixed Deposits

TDS Guidelines

  • TDS will be deducted if interest payable/reinvested on RD and FD exceeds ₹50,000, ₹1,00,000 for senior citizens, in a financial year.

  • TDS is recovered at the end of the financial year on Interest accruals if applicable. 

  • Customer can recover TDS from CASA by filling separate declaration at branch. If interest Amount/Balance is insufficient to recover TDS, a hold will be marked on FD towards applicable TDS amount. The TDS will be recovered on next interest payout, partial FD closure, premature closure or when sufficient funds are available in CASA. 

  • For renewed deposits, the new deposit amount consists of the original deposit amount plus Interest. Less TDS, if any, less compounding effect on TDS.  

  • For reinvestment deposit, the interest reinvested is post TDS recovery and hence the maturity amount for reinvestment deposits would vary to the extent of tax

Form 15 G/H Submit

PAN Requirements

  • As Per Section 139A(5A) of IT Act, every person receiving any sum of income or amount from which tax has been deducted under the provisions of IT Act shall provide his PAN to the person responsible for deducting such tax. In case PAN is not provided as required, the bank shall not be liable for the non availment of the credit of Tax deducted at Source
    and non-issuance of TDS certificate.

  • If your PAN is not updated with the Bank or is incorrect; please visit your nearest branch to submit your PAN details. 

  • No deductions of Tax shall be made from the taxable interest in the case of an individual resident in India, if such individual furnishes to the Bank, a declaration in writing in the prescribed Format (Form 15G / Form 15H as applicable) to the effect that the tax on his estimated total income for the year in which such interest income is to be included in computing his total income will be Nil. This is subject to PAN availability on Bank records. 

  • If aggregated value of all outstanding FDs/RDs booked in same customer id during the Financial Year exceeds INR 5 lakh limit (*) then PAN/Form 60 is mandatory.

  • In absence of PAN/Form 60: (a) FD/RD will not be renewed on maturity and maturity proceeds will be credited to your linked account or a Demand Draft will be sent to your mailing address as updated in Bank's records. (b) Maturity instructions to convert RD proceeds to FD will not be acted upon and RD proceeds will be credited to your linked account on maturity.

Nomination Facility through Net Banking

Form 15 G/H

The maximum interest not charged to tax during the financial year where form 15 G/H is submitted is as below: 

  • Up to ₹3 lakh for residents of India below the age of 60 years or a person (not being a company or firm). 

  • Up to ₹7 lakh for senior citizen residents of India above the age of 60 years any time during the FY. 

  • Form 15G/ H to be submitted by customer in duplicate to the bank, for submitting one copy for Bank record and second copy to be returned to customer with Branch seal as an acknowledgment. A fresh Form 15G /H needs to be submitted at the start of every new Financial Year. In case form 15G/H is submitted post interest payout/credit, waiver shall be effective from the day next to the interest payout /credit immediately preceding the date of submission of form 15G/H. 

  • Form 15G/H needs to be submitted for every fixed Deposits booked with bank for Tax exemption. 

  • The bank shall not be liable for any consequences arising due to delay or non-submission of Form 15G/H. 

  • To enable us to serve you better kindly submit the Form 15G/H latest by April 1, 2020 of the new financial year. 

Note: The above guidelines are subject to change as per Income Tax regulations /directives of Finance Ministry Govt of India prevalent from time to time.

Nomination Facility through Net Banking

Nomination Facility

  • Make a nomination instantly when booking FD via NetBanking

  • Add or modify nominees for single holding FDs*

  • Joint FDs can select nominees from base account*

  • Update joint FD nominees by submitting signed forms

  • Convenient nomination management through NetBanking features    

Nomination Guidelines

  • If you are booking a Fixed Deposit on NetBanking on a single name, then you can either select the nomination made in the base Savings account or add a new nominee. 

  • If you are booking a Fixed Deposit on NetBanking in a Joint name, then you can only select the nomination made in the base Savings account. In a joint holding Fixed Deposit if you wish to add a new nominee, then you will need to visit the branch. 

  • For existing single holding Fixed Deposits, Customers can add a new nominee or modify a nominee through NetBanking instantly.

  • For existing joint holding Fixed Deposits, Customers can download the filled Nomination form from NetBanking, take signatures from all holders, and submit it at nearest HDFC bank branch, for updating in our systems.

Nomination Facility through Net Banking

Interest Rates

  • HDFC Bank offers attractive interest rates on various deposit and savings schemes. Customers can choose from a range of tenure options tailored to their financial goals. Special interest rates are available for senior citizens to maximse their returns. Additionally, deposits are secure and backed by the trust and reliability of HDFC Bank.
  • Click here to view details of the interest rates
Nomination Facility through Net Banking

Most Important Terms and Conditions

  • *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.  
Nomination Facility through Net Banking

Frequently Asked Questions

You can easily apply for regular fixed deposits Regular Fixed Deposits online through HDFC Bank's NetBanking platform. 

 

Regular Fixed Deposits offer benefits like: 

 

  • Enjoy attractive interest rates on your savings. 
     

  • Flexibility to choose the deposit amount and tenure. 
     

  • Senior citizens receive additional benefits with the Senior Citizen Care FD offer. 
     

  • Convenient booking through Net Banking for a seamless banking experience. 
     

  • Premature withdrawal options available with applicable penalties. 
     

  • Tax deductions for re-investment fixed deposits based on TDS regulations. 

To open Regular Fixed Deposits online in India, please ensure you have the following documents handy: 
 

  • Recent photograph 
     

  • KYC documents 
     

Individual & Company proofs: 
 

  • PAN card 
     

  • Aadhaar Card 
     

  • Passport 
     

  • Driving Licence 
     

  • Voter’s ID 
     

Partnership proofs: 
 

  • Incorporating certificate 
     

  • Authorised signatories ID proofs 
     

  • Partnership Deed 
     

  • Authorised signatories’ signatures 
     

Hindu Undivided Family: 
 

  • Self-attested PAN card 
     

  • HUF declaration deed 
     

  • HUF’s Bank Statement 

Please note you can now download the TDS certificate from Netbanking Accounts Module, Go to Request section click on "TDS Inquiry". We request you to follow the below mentioned process:
 

  • Log in into NetBanking through the Customer ID and NetBanking Password (IPIN).
     

  • Select "TDS Inquiry" under the "Request" option on the left-hand pane.
     

  • Select the Financial Year and Quarter for which the certificate is required.
     

  • Click on Continue and confirm.

Additional information:
 

  • Currently, TDS Certificate for the Quarter 1, Quarter 2, Quarter 3 AND Quarter 4 are available.
     

  • TDS certificates will be available only if PAN is updated and there is a tax deduction in the financial quarter.
     

  • TDS certificate will be in PDF Format.

We regret to inform you that tenure selected for the fixed deposit account cannot be changed once the account is opened. In this case we suggest that you can close your existing fixed deposit account and open a new account with a desired tenure.

Check the deduction rates below:

 

Tax Rate Surcharge Education Cess TOTAL  
Resident Individuals & HUF 10% ---- ---- 10%
Corporate Entity 10% ---- ---- 10%
NRO 30% ---- 3% 30.90%
Firms 10% ---- ---- 10%
Co-operative Societies & Local Authority 10% ---- ---- 10%

If the interest amount is not sufficient to recover TDS, then a hold will be marked on FD towards applicable TDS amount. The TDS will be recovered on next interest payout, partial FD closure, premature closure or when sufficient funds are available in CASA. If customer wishes to have TDS recovered from CASA, same can be availed by filling separate declaration at branch.

The TDS Certificate, Form 16A, for TDS deducted during a calendar quarter, will be issued in the next month of the respective quarter.

Yes, in case of reinvestment deposits, the interest reinvested is post TDS recovery & hence the maturity amount for re-investment deposits would very to the extent of tax and compounding effect on tax for the period subsequent of deduction till maturity.

In the absence of PAN, following are the implications for customers:

 

  • TDS will be recovered at 20% (as against 10%)
     

  • NO TDS credit from the Income Tax department
     

  • NO TDS certificate will be issued (As per CBDT circular no:03/11)
     

  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Yes. If the change or enhancement in your deposit portfolio earns a cumulative interest along with that of the earlier portfolio greater than  ₹40,000/- (₹50,000 for senior citizens)  in a financial year, you will be liable for TDS on your current portfolio.

 

Note :If interest on the current portfolio is not sufficient to cover TDS, it will be recovered from the principal.

TDS is deducted every time the Bank pays/re-invests interest during the Financial year. In addition TDS is also deducted on interest accrued(but not yet paid) at the end of financial year viz. 31st March.

If the Senior Citizen already has an existing Bank account with us, he / she need not submit any other document to book an FD. However, for a new customer, proof of age is required to be submitted for establishing that he / she is a Senior Citizen. Any one below mentioned OVDs can be submitted:
 

  • Proof of possession1 of Aadhaar / printout of e-Aadhaar / e-KYC (Biometric / OTP based / Face Auth) Aadhaar PVC Card [See explanation below]
     

  • Passport [not expired]
     

  • Permanent Driving license [not expired]
     

  • Election / Smart Election Card / Voter’s card issued by Election Commission of India
     

  • Job card issued by NREGA duly signed by an officer of the State Government
     

  • Letter issued by the National Population Register containing details of name & address.

You can, as long as the first account holder is a senior citizen.

If your total interest income for the year does not fall within the overall taxable limits, you should let us know. You can do this by submitting a form as per the provisions of the Income Tax Act.
 

A few things to note:
 

  • You can get the 15AA form from the Assessing Officer of the Income Tax department.
     

  • Even with the 15H/15AA form, the tax that has already been deducted by way of TDS during the year prior will not be refunded. However, you will get a certificate, which can be used while filing your tax return.
     

  • 15H/15AA Forms are valid only for the financial year in which they are issued.
     

  • A fresh 15G/H form needs to be completed for each deposit that is placed with the Bank, and it should be completed within the first week of the financial year.

You can liquidate your Fixed Deposits through NetBanking. This facility would be available to Fixed deposits held under "Sole Owner (SOW)" relationship only.
 

Following are the steps for liquidating your Fixed Deposit online:
 

  • Access your NetBanking account with your Customer ID and IPIN (NetBanking Password)
     

  • Select "Liquidate Fixed Deposit " option under the Fixed Deposit menu from the Menu bar located on the left-hand side of the web page
     

  • Select the Fixed Deposit account number from the Drop-down lists
     

  • Once complete, click on "Continue" and "Confirm" the details entered
     

  • A new web page, confirming the Liquidating Fixed Deposit will be displayed.
     

Further, kindly note that:
 

  • Fixed Deposits in the name of non-individuals are not allowed for liquidation through NetBanking.
     

  • Fixed deposit in the joint name cannot be liquidated online.

  • Where the total value of Fixed Deposit per customer id <= 50,000(including the new FD being booked) No pan, & no form 60
     

  • Where the total value of Fixed Deposit per customer id > 50,000(including the new FD being booked) PAN required mandatorily

If the aggregate interest that you are likely to earn for all your deposits held across branches in a customer id is greater than  ₹40,000/- (₹50,000/- for senior citizen) in a financial year, you become liable for TDS.
 

Note: Tax liability for TDS purpose is determined basis per pan no and not as per branch per pan no. Deposits held by minors are also subject to TDS. The credit for the TDS can be claimed by the person in whose hands the minor's income is included.