As of March 2026, HDFC Bank offers Fixed Deposit (FD) interest rates ranging from 2.75% to 6.60% p.a. For the general public. Senior citizens receive an additional 0.50% interest, with rates up to 7.10% p.a., making HDFC Bank Fixed Deposits a secure investment option for various investors in India.
| Tenure | General Public (p.a.) | Senior Citizens (p.a.) |
|---|---|---|
| 7 days to 14 days | 2.75% (as of March 2026) | 3.25% (as of March 2026) |
| 15 days to 29 days | 2.75% (as of March 2026) | 3.25% (as of March 2026) |
| 30 days to 45 days | 3.25% (as of March 2026) | 3.75% (as of March 2026) |
| 46 days to 60 days | 3.75% (as of March 2026) | 4.25% (as of March 2026) |
| 61 days to 90 days | 4.25% (as of March 2026) | 4.75% (as of March 2026) |
| 91 days to 6 months | 4.50% (as of March 2026) | 5.00% (as of March 2026) |
| 6 months 1 day to 9 months | 5.75% (as of March 2026) | 6.25% (as of March 2026) |
| 9 months 1 day to less than 1 year | 6.00% (as of March 2026) | 6.50% (as of March 2026) |
| 1 year to less than 15 months | 6.60% (as of March 2026) | 7.10% (as of March 2026) |
| 15 months to less than 18 months | 6.60% (as of March 2026) | 7.10% (as of March 2026) |
| 18 months to less than 21 months | 6.45% (as of June 2026) | 6.95% (as of June 2026) |
| 21 months to 2 years 11 months | 6.45% (as of June 2026) | 6.95% (as of June 2026) |
| 3 years to 5 years | 6.40% (as of March 2026) | 6.90% (as of March 2026) |
| 5 years 1 day to 10 years | 6.25% (as of March 2026) | 7.00% (as of March 2026) |
| 5-Year Tax-Saving Fixed Deposit | Up to 6.40% (effective March 07, 2026) | 6.90% (effective March 07, 2026) |
HDFC FD Interest Rates by Tenure
HDFC Bank FD rates are subject to change, with the latest revisions effective from March 6, 2026 (Source: HDFC Bank website). Investors can open an FD with a minimum deposit of ₹5,000.
HDFC Savings Account Interest Rates
HDFC Bank offers competitive interest rates on savings accounts, typically calculated on the daily closing balance. As of May 2026, the interest rate for most HDFC Bank savings accounts is 2.5% p.a. Across all account balances, with interest credited monthly or quarterly.
These rates are subject to change, and HDFC Bank regularly updates them. For the latest figures, always verify on the lender’s website.
HDFC Recurring Deposit Rates 2026
HDFC Bank offers Recurring Deposit (RD) interest rates ranging from 4.50% to 7.20% p.a. For the general public, and 5.00% to 7.75% p.a. For senior citizens, as of June 2026. These rates apply to tenures from 6 months to 10 years, allowing for flexible savings plans.
| Tenure | General Public (p.a.) | Senior Citizens (p.a.) |
|---|---|---|
| 6 months | 4.50% (June 12, 2024) | 5.00% (June 12, 2024) |
| 9 months | 5.75% (June 12, 2024) | 6.25% (June 12, 2024) |
| 6 months to 10 years | 5.50% to 7.00% (June 2026) | 5.00% to 7.75% (June 2026) |
| 6 months to 120 months | 4.50% to 7.10% (June 16, 2026) | 5.00% to 7.60% (June 16, 2026) |
| 6 months to 120 months | 4.25% to 6.45% (2026) | 4.75% to 6.95% (2026) |
| 6 months to 120 months | 6.60% to 7.40% (2026) | 7.10% to 7.90% (2026) |
| 12 months | 6.60% (June 16, 2026) | 7.10% (June 16, 2026) |
| 15 months | 7.10% (June 16, 2026) | 7.60% (June 16, 2026) |
| 18 months | 7.00% (June 16, 2026) | 7.50% (June 16, 2026) |
| 24 months | 7.00% (June 16, 2026) | 7.50% (June 16, 2026) |
| 27 months | 7.00% (June 16, 2026) | 7.50% (June 16, 2026) |
| 36 months | 7.00% (June 16, 2026) | 7.50% (June 16, 2026) |
| 60 months | 7.00% (June 16, 2026) | 7.50% (June 16, 2026) |
| 120 months | 7.00% (June 16, 2026) | 7.50% (June 16, 2026) |
HDFC FD Interest Rates for Specific Tenures (General Public)
HDFC Bank RDs require a minimum deposit of ₹1,000 per month, with a lock-in period of 1 month from the account opening date. Interest income exceeding ₹40,000 annually for general citizens (₹50,000 for senior citizens) is subject to a 10% TDS (Source: Income Tax Dept., 2026).
Factors Influencing HDFC Interest Rates
HDFC Bank’s interest rates for deposits and loans are shaped by several key economic and internal factors. The Reserve Bank of India’s (RBI) monetary policy, including the repo rate, significantly impacts lending and deposit rates across all banks.
Inflation rates and the overall economic scenario in India also play a crucial role in determining HDFC Bank’s interest rate adjustments. Understanding these factors helps you anticipate rate changes for your HDFC Bank FDs, RDs, and loans.
- RBI Monetary Policy: The Policy Repo Rate, currently 5.25% (Source: RBI, February 2026), directly influences HDFC Bank’s benchmark rates for loans like home loans. Changes in the repo rate often lead to corresponding adjustments in HDFC Bank’s lending and deposit rates.
- Inflation Rates: High inflation typically prompts the RBI to increase interest rates to control money supply, which can lead to higher FD and RD rates at HDFC Bank. Conversely, lower inflation might result in rate reductions.
- Economic Growth: A strong economic growth outlook can encourage banks, including HDFC, to offer competitive rates to attract deposits and stimulate lending. A slower economy might see rates adjusted downwards.
- Liquidity in the Banking System: The availability of funds within the banking system affects HDFC Bank’s ability to lend and its need for deposits. High liquidity can lead to lower deposit rates, while tight liquidity might push rates higher.
- Credit Demand: Strong demand for loans, particularly for home loans or personal loans, can influence HDFC Bank to adjust its lending rates to remain competitive or to manage its loan book.
- Bank’s Cost of Funds: HDFC Bank’s own cost of acquiring funds, whether through deposits or other market borrowings, directly impacts the interest rates IT offers to customers.
- Competition from Other Lenders: HDFC Bank operates in a competitive market with other large private banks like ICICI and Axis, as well as public sector banks. Competitive pressures often influence HDFC Bank’s rate decisions to attract and retain customers.
These factors collectively determine the interest rates HDFC Bank offers on its various financial products, including fixed deposits and recurring deposits, which are subject to change without prior notice (Source: HDFC Bank website, 2026).
HDFC Bank Special FD Schemes
HDFC Bank offers several specialised Fixed Deposit schemes tailored for different investor needs, including higher rates for senior citizens and options for NRIs. As of March 2026, general citizens can earn up to 6.60% p.a., while senior citizens can receive up to 7.10% p.a. On specific FDs (Source: HDFC Bank website).
These schemes provide diverse features, from tax benefits for returning NRIs to hospital cash cover for resident individuals, enhancing investment flexibility.
| Scheme Name | Key Features | Eligibility |
|---|---|---|
| Standard FD | Offers fixed returns; higher interest rates for senior citizens; highest interest rate up to 6.60% for general citizens and up to 7.10% for senior citizens (as of March 2026) | Resident Indians, HUF, sole proprietorship firms, partnership firms, limited companies, trust accounts, NRIs; applicants must be Indian resident and above 18 years of age (for general citizens) |
| Senior Citizens FD | Additional 0.50% interest over regular FD rates; interest rates start from 3.25% to 7.00% p.a. (as of March 2026); tenure ranges from 7 days to 10 years | Senior citizens or retired personnel (60 years and above) who are Indian residents |
| Resident Foreign Currency (RFC) FD | Interest earned is tax-exempt in India if qualified as “Resident but Not Ordinarily Resident” (RNOR); applicable rates determined by date funds received and chosen currency; can be opened with funds from abroad or transferred from existing NRE/FCNR accounts | NRIs who have returned to India and are now permanently settled; a Non-Resident Indian who has returned to India on/after 18th April 1992 and has had a permanent settlement since then in India |
| Foreign Currency Non-Resident (FCNR) Fixed Deposit | Allows NRIs to invest foreign earnings in a fixed deposit account in India, denominated in foreign currencies; FCNR-USD FD rate of 6.00% p.a. For 3 to 5 years tenure (applicable from March 6, 2026); lock-in period of 1 year for 3 to 5 years tenure (applicable for deposits booked between June 10, 2026 to September 30, 2026); accepted in USD, GBP, Euro, JPY, CAD, AUD | Non-Resident Indians (NRIs) |
| HealthCover FD | Offers benefits of an FD and safety of a hospital cash cover; HDFC FD rates offered under this scheme are the same as regular fixed deposit; monthly/quarterly interest payout option, as well as interest reinvestment, is available | Resident individuals aged 18 to 59 years |
| NRE/NRO FDs (less than ₹3 Cr) | Returns between 2.75% and 6.95% (as of 2026); best rates in mid-term tenures (15–35 months); NRO deposits automatically renewed on maturity; NRE FD is entirely exempt from taxation | Non-Resident Indians (NRIs); minimum deposit amount of ₹25,000 to open an HDFC NRO fixed deposit account |
| HDFC Bank Direct Deposit FD | Allows individuals without an existing HDFC Bank account to open a fixed deposit | Individuals without an existing HDFC Bank account |
These specialised FDs cater to specific financial goals, offering varied interest rates and benefits beyond standard fixed deposits. Consider your residency status and age to determine the most suitable scheme for your investment needs.
HDFC vs SBI vs ICICI FD Rates
Comparing FD rates across major Indian banks helps investors maximize returns. As of 2026, HDFC Bank, SBI, and ICICI Bank offer competitive fixed deposit rates, with senior citizens typically receiving an additional 0.50% interest.
| Parameter | HDFC Bank (p.a.) | SBI (p.a.) | ICICI Bank (p.a.) |
|---|---|---|---|
| FD Rate (General Public) | 2.75% to 6.5% (as of March 2026) | 6.45% (for 2-year tenure, as of May 2026) | 2.75% to 6.50% (highest 6.50% for 3-10 years, as of June 9, 2026) |
| FD Rate (Senior Citizens) | 3.25% to 7.00% (additional 0.50%, as of March 2026) | 6.95% (for 2-year tenure, as of May 2026); 7.05% (for 5-10 year tenure, as of May 2026) | 3.25% to 7.10% (highest 7.10% for 3 years 1 day to 5 years, as of June 9, 2026) |
| Highest FD Rate (General Public) | Up to 6.60% (as of March 2026) | 6.45% (for 2-year tenure, as of May 2026) | 6.50% (for 3-10 years, as of June 9, 2026) |
| Highest FD Rate (Senior Citizens) | Up to 7.10% (as of March 2026) | 7.05% (for 5-10 year tenure, as of May 2026) | 7.10% (for 3 years 1 day to 5 years, as of June 9, 2026) |
| FD Tenure Range | 7 days to 10 years | Not specified, but mentions 2-year, 5-year, and 10-year tenures | Not specified, but mentions 3-10 years and 3 years 1 day to 5 years |
| Minimum Deposit Amount | ₹5,000 | Not specified | Not specified |
| Premature Withdrawal Penalty | 1% on interest (for tenors > 14 days) | Not specified | Not specified |
| Effective Date of Rates | March 7, 2026 (for amounts below and above ₹3 crore) | May 2026 | June 9, 2026 |
Highest FD Rates Comparison (General Public & Senior Citizens)
While HDFC Bank offers competitive rates, especially for senior citizens, investors should also review SBI Savings Account Interest Rates 2026 and ICICI Bank’s offerings for specific tenures to find the best fit for their financial goals.
How to Open HDFC Deposit Accounts
Opening a deposit account with HDFC Bank is a straightforward process, available through both online and offline channels. As of 2026, HDFC Bank offers various deposit options, including Fixed Deposits (FDs) and Recurring Deposits (RDs), catering to different financial goals.
For individuals without an existing HDFC Bank account, the HDFC Bank Direct Deposit FD scheme provides an accessible entry point. Existing customers can use digital platforms for convenience.
- Online FD Opening: Existing HDFC Bank customers can open a Fixed Deposit account instantly via NetBanking or the MobileBanking App. The process is digital and typically requires minimal steps.
- Offline FD Opening: Visit any of HDFC Bank’s 9,689 branches across India to open an FD account with in-person assistance. A bank representative will guide you through the necessary paperwork and verification.
- Savings Account Opening: New customers can open a Savings Account using the HDFC Bank MobileBanking App, which offers a secure and convenient digital onboarding experience.
- Recurring Deposit (RD) Opening: An RD account can be opened by visiting a bank branch, through NetBanking, or by sending an SMS to 5676712. The minimum deposit for an RD is ₹1,000 per month.
- Required Documents: For new customers, standard KYC documents such as Aadhaar card, PAN card, proof of address, and recent photographs are typically required for account opening.
- Minimum Deposit Amounts: A minimum deposit of ₹5,000 is required to open a standard HDFC Bank Fixed Deposit. For Tax Saver FDs, the minimum is ₹5,000, with a maximum of ₹1.5 lakh in a financial year.
Always verify the latest documentation requirements and processes on the official HDFC Bank website before initiating your application.
Key Takeaways
- HDFC Bank offers FD rates up to 6.60% for general citizens and 7.10% for senior citizens as of March 2026.
- Senior citizens receive an additional 0.50% interest on FDs across all tenures.
- HDFC Bank provides DICGC insurance coverage of up to ₹5 Lakhs for deposits, ensuring capital safety.
Compare current rates and eligibility criteria on the HDFC Bank official portal before opening a deposit account.
Frequently Asked Questions (FAQs)
What are HDFC Bank’s FD interest rates for 2026?
As of June 2026, HDFC Bank offers Fixed Deposit (FD) interest rates ranging from 2.75% to 6.5% p.a. for the general public. Senior citizens receive an additional 0.50% interest, with rates from 3.25% to 7% p.a. These rates apply to tenures between 7 days and 10 years.
Does HDFC Bank offer higher FD rates for senior citizens?
Yes, HDFC Bank provides higher FD interest rates for senior citizens, offering an additional 0.50% p.a. over the rates for the general public. As of June 2026, senior citizen FD rates range from 3.25% to 7% p.a. across various tenures. This benefit applies to individuals aged 60 and above.
What is the minimum amount to open an FD with HDFC Bank?
You can open a Fixed Deposit with HDFC Bank for amounts as low as ₹5,000. This makes FDs accessible for a wide range of investors seeking a secure investment option. The minimum tenure for an HDFC Bank FD is 7 days.
How are HDFC Bank FD interest rates calculated?
HDFC Bank calculates interest on Term Deposits based on the actual number of days in a year. If the deposit spans a leap year and a non-leap year, interest is computed using 366 days for the leap year and 365 days for the non-leap year. Interest is typically compounded quarterly.
Can I withdraw my HDFC Bank FD before maturity?
Yes, HDFC Bank allows premature withdrawal of FDs, but IT usually incurs a penalty of 1% on the interest rate. This penalty applies to both premature withdrawals and sweep-in facilities. DICGC insurance covers your investment up to ₹5 lakh.
What are HDFC Bank’s savings account interest rates for 2026?
As of June 2026, HDFC Bank offers savings account interest rates of 3% p.a. for daily balances below ₹50 lakh. For daily balances of ₹50 lakh and above, the interest rate is 3.50% p.a. These rates are subject to change based on RBI’s monetary policy.
What is the tenure range for HDFC Bank Fixed Deposits?
HDFC Bank offers Fixed Deposit tenures ranging from a minimum of 7 days to a maximum of 10 years. You cannot change the tenure once the FD is opened; if you need a shorter period, you must open a new FD. The interest rates vary based on the chosen tenure.
