HDFC Bank Fixed Deposit Rates — 6.50% p.a.

The short answer

• The best HDFC Bank FD rate is 6.50% for regular customers and 7.10% for senior citizens.
• You get it between three years one day and four years seven months. A five-year FD pays less, at 6.40%.
• That is 9th of the 12 banks we track. Small finance banks pay up to 8.25%.
• Deposit insurance covers ₹5 lakh per person per bank, whatever the bank’s size.

Rate, terms and fees

As of 25 Aug 2026 · HDFC Bank’s published term-deposit rate grid dated 25 Aug 2026, hdfcbank.com · Confidence: verified

HDFC Bank fixed deposit at a glance

As of 25 Aug 2026 · HDFC Bank’s published term-deposit rate grid dated 25 Aug 2026, hdfcbank.com · Confidence: lender

The published rate grid, deposits under ₹3 crore

HDFC Bank’s full published table. Notice the shape: the rate does not keep rising with tenure. It peaks in the middle and drops after four years seven months.

As of 25 Aug 2026 · HDFC Bank’s published term-deposit rate grid dated 25 Aug 2026, hdfcbank.com · Confidence: lender

What the rate costs you against the best payer we track

On ₹5 lakh, the amount deposit insurance covers, held for three years. Interest compounded every three months, as a cumulative FD is.

As of 2 Oct 2026 · Credsir FD rate table, 2 Oct 2026 · Confidence: reported

What deposit insurance actually covers

This rule decides whether a small finance bank paying 1.75 points more is worth using. The DICGC sets it, not the bank.

As of 26 Aug 2026 · Deposit Insurance and Credit Guarantee Corporation — deposit insurance scheme · Confidence: regulator

What that is worth in rupees

On ₹5,00,000 for 5 years, compounded quarterly.

Interest is taxed at your slab rate, so this assumes the top slab plus 4% cess. At a lower slab you keep more. TDS applies once interest crosses the annual threshold.

Change the amount, the tenure or the slab and the answer moves — the FD calculator runs your own figures.

How it compares

HDFC Bank is the 9th highest of the 12 providers we track — 1.75% below Suryoday Small Finance Bank at 8.25%. The full ranking is in our table of the best FD rates.

What moves this rate

Private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.

FD interest is taxed at your normal slab rate. There is no special treatment. So the advertised rate is a before-tax figure. At the 30% slab plus 4% cess, roughly a third of it goes in tax. The bank also cuts TDS once your interest crosses the yearly limit.

Deposit insurance matters more than the last few decimal points of rate. DICGC covers ₹5 lakh per person per bank, including interest. Anything above that in one bank is uninsured, however good the rate looks. Splitting money across banks keeps every rupee covered.

HDFC Bank fixed deposit in detail

• HDFC Bank fixed deposit interest rate — Rates for regular and senior citizens, and what you keep after tax.

This is the weakest product HDFC Bank sells

HDFC Bank pays up to 6.50% a year on a fixed deposit. That is 9th of the 12 banks we track. The best rate in that set is 8.25%, at Suryoday Small Finance Bank.

The gap is 1.75 points. On ₹5 lakh held for three years, that is ₹32,095 of interest you give up, before tax.

It is close to its direct rivals, though. ICICI Bank and Axis Bank also pay 6.50%. Kotak Mahindra Bank pays 6.65% and State Bank of India pays 6.45%. The big banks are all priced together, so picking between them on FD rate alone means choosing between numbers that barely differ.

Be honest about what you are buying. This is not a rate product. The lower rate buys you a bank you probably already use, with the branch, the app and your standing instructions already set up. That has real value. Just know what it costs.

Check the tenure — longer is not always better

This is the most useful thing on this page, and it surprises most people. FD rates do not simply rise with tenure.

HDFC Bank pays 2.75% for 7 days, 6.25% for one year, and peaks at 6.50% somewhere between three years and one day and four years seven months. After that it drops back to 6.40% for the rest of the five-year range.

So a five-year FD pays you less than a three-and-a-half-year one, at the same bank, on the same day. Locking money away for longer is not rewarded past the peak. It is penalised.

The cut-offs are sharp too. At 15 months you get 6.35%. At 18 months you get 6.45%. Three extra months buys a tenth of a point. If you are splitting money across several FDs, read the tenure buckets instead of picking round numbers.

Our own table used to say the best tenure here was 15 to 21 months. The bank’s published grid shows that was wrong. The peak is in the three-year bucket, and we have corrected it.

Why small finance banks are worth a look

The usual reason for accepting a lower rate at a big bank is safety. For insured deposits, that reasoning does not hold.

DICGC insurance covers ₹5 lakh per person per bank, including interest. The cover does not change with the size of the bank. So below ₹5 lakh, your money is exactly as protected at Shivalik Small Finance Bank as at HDFC Bank.

That turns the 1.75 point gap into a real choice. An FD sized to the insured limit at a small finance bank pays clearly more, for the same legal protection. Split across two such banks, ₹10 lakh stays fully insured and earns 8.00% or more.

Above ₹5 lakh in one bank the sum changes. You are then an ordinary creditor, and the bank’s balance sheet is what stands behind you. That is a fair reason to prefer a large bank for a large deposit. It is not a reason to prefer one for ₹5 lakh.

Tax takes more than any rate difference

FD interest is taxed at your slab rate. It is taxed as it builds up each year, not when the FD matures. So a five-year FD creates a tax bill in each of those five years, even though no money has reached you yet.

This matters more than the rate. At the 30% slab, 6.50% leaves you about 4.55%. The 8.25% at a small finance bank leaves about 5.78%. Both need comparing against inflation, not just against each other.

The bank cuts TDS once interest crosses the limit, but TDS is not your final tax. It is only an advance payment. If your slab is higher, you pay the rest. If it is lower or nil, you claim it back — and Form 15G or 15H stops the deduction in the first place if you are eligible. Treating TDS as the full tax is the most common mistake people make with FD income.

HDFC Bank fixed deposit: common questions

What is the highest HDFC Bank FD rate?

On deposits below ₹3 crore, 6.50% a year for regular customers and 7.10% for senior citizens. Both apply to the bucket running from three years and one day to under four years seven months. That is the peak of the grid — a five-year FD pays less, at 6.40%.

Which HDFC Bank FD tenure pays the most?

Three years and one day to under four years seven months, at 6.50%. Check this rather than assuming, because the rate does not simply rise with tenure. A one-year FD pays 6.25% and a five-year FD pays 6.40%.

Is an HDFC Bank FD safer than a small finance bank FD?

Not below ₹5 lakh. DICGC insurance covers ₹5 lakh per person per bank, including interest, and it does not change with the size of the bank. So a ₹5 lakh FD is equally protected at both. The small finance banks we track pay up to 8.25% against 6.50% here. Above ₹5 lakh in one bank your money is uninsured anywhere, and there the bank’s size does matter.

What is the HDFC Bank senior citizen FD rate?

Half a point more than the regular rate across most of the grid, and 0.60 points more at the peak — 7.10% against 6.50%. That is the widest bonus on offer here, so it is worth targeting the three-year bucket rather than defaulting to a one-year FD.

How is HDFC Bank FD interest taxed?

At your income tax slab rate, and it is taxed each year as it builds up, not at maturity. So a multi-year FD creates a tax bill every year. TDS is deducted once interest crosses the limit, but that is an advance payment, not your final tax. At the 30% slab a 6.50% FD leaves you about 4.55%.

Other HDFC Bank products

• HDFC Bank home loan — from 7.75%
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