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Fincash » FD Interest Rates » HDFC FD Rates

HDFC Fixed Deposit (FD) Rates 2024

Updated on June 14, 2024 , 17268 views

HDFC Bank is one of the largest private sector lenders on the Basis of assets. It offers a Savings Account, fixed deposit and current deposit services to customers in order to increase their investments in a short time or a specific time.

HDFC-Bank

The FD option offered by HDFC Bank is particularly designed for customers to help them enjoy the extra money in a specific time period. HDFC Bank FD rates are subject to changes from time, depending upon the bank’s terms and conditions.

HDFC Fixed Deposit Rates

Here's the list of HDFC FD Interest Rates applicable for deposits below INR 2 crore.

w.e.f - 24.01.2023

Tenure Regular FD Rates(p.a.)
7 - 14 days 3.00%
15 - 29 days 3.00%
30 - 45 days 3.50%
46 - 60 days 4.50%
61 - 89 days 4.50%
90 days < = 6 months 4.50%
6 months 1 days <= 9 months 5.75%
9 months 1 day to < 1 year 6.00%
1 year to < 15 months 6.60%
15 months to < 18 months 7.00%
18 months to < 21 months 7.00%
21 months - 2 years 7.00%
2 years 1 day - 3 years 7.00%
3 year 1 day to - 5 years 7.00%
5 year 1 day - 10 years 7.00%

Figures mentioned in the above table are subject to change without prior information.

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HDFC Senior Citizen FD Rates

Here's the list of senior citizen FD interest rates applicable for deposits below INR 2 crore.

w.e.f - 24.01.2023

Tenure Senior Citizen FD Rates(p.a.)
7 - 14 days 3.50%
15 - 29 days 3.50%
30 - 45 days 4.00%
46 - 60 days 5.00%
61 - 89 days 5.00%
90 days < = 6 months 5.00%
6 months 1 days <= 9 months 6.25%
9 months 1 day to < 1 year 6.50%
1 year to < 15 months 7.10%
15 months to < 18 months 7.50%
18 months to < 21 months 7.50%
21 months - 2 years 7.50%
2 years 1 day - 3 years 7.50%
3 year 1 day to - 5 years 7.50%
5 year 1 day - 10 years 7.75%

Types of FDs offered by HDFC Bank

  • Regular Fixed Deposit
  • Sweep-in Fixed Deposit
  • Overdraft FD or Super Saver FD
  • 5 Year tax saver FD

HDFC Fixed Deposit (FD)– Premature Withdrawal

For such premature withdrawals, including sweep-ins and partial withdrawals, the Bank will levy a penalty of 1%, on the applicable rate. However, penalty for premature withdrawal will not be applicable for FDs booked for a tenor of 7-14 days.

Alternative to Banks Savings Account in Mutual Funds

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

  • These funds come with no lock-in period
  • The money is invested in money Market instruments like a certificate of deposits, commercial papers, treasury bills, and term deposits
  • You can exit from the scheme anytime you want. Also, the funds have no entry load and exit loads
  • The Underlying assets have low maturity period and provide you low-interest rates
  • Most times, you may also get returns higher than bank savings account

Best Liquid Funds to Invest 2024

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Indiabulls Liquid Fund Growth ₹2,349.78
↑ 1.35
₹2130.61.93.77.35.556.8
Principal Cash Management Fund Growth ₹2,145.27
↑ 0.40
₹5,1490.61.93.77.25.757
PGIM India Insta Cash Fund Growth ₹316.388
↑ 0.06
₹4380.61.93.77.25.75.27
JM Liquid Fund Growth ₹66.383
↑ 0.01
₹2,2330.61.83.77.25.75.17
Axis Liquid Fund Growth ₹2,705.38
↑ 0.50
₹32,6480.61.93.87.35.75.27.1
Invesco India Liquid Fund Growth ₹3,340.21
↑ 0.62
₹10,0530.61.83.77.35.75.17
Aditya Birla Sun Life Liquid Fund Growth ₹391.645
↑ 0.07
₹46,3600.61.93.77.35.75.27.1
ICICI Prudential Liquid Fund Growth ₹359.88
↑ 0.07
₹43,4730.61.93.77.35.75.27
Tata Liquid Fund Growth ₹3,828.2
↑ 0.72
₹17,2570.61.83.77.25.75.27
Nippon India Liquid Fund  Growth ₹5,933.57
↑ 1.10
₹32,0960.61.93.77.25.75.27
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jun 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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