HDFC Bank FD Interest Rates 2026 — Fixed Deposit Calculator, Rates & Comparison

HDFC Bank is one of India's most trusted private sector banks for fixed deposits. With DICGC insurance up to ₹5 lakh per depositor per bank, HDFC FDs combine safety with returns that beat most savings accounts. This guide covers HDFC's current FD rates, how maturity is calculated, and when an HDFC FD makes sense versus alternatives.

HDFC Bank FD Interest Rates 2026

HDFC Bank offers different rates for different tenures. The highest rates are typically in the 1–3 year range:

Tenure	General Public Rate	Senior Citizen Rate
7–14 days	3.00% p.a.	3.50% p.a.
15–29 days	3.00% p.a.	3.50% p.a.
30–45 days	3.50% p.a.	4.00% p.a.
46–60 days	4.50% p.a.	5.00% p.a.
61–89 days	4.75% p.a.	5.25% p.a.
90 days – 6 months	5.75% p.a.	6.25% p.a.
6 months 1 day – 9 months	6.00% p.a.	6.50% p.a.
9 months 1 day – 1 year	6.50% p.a.	7.00% p.a.
1 year – 15 months	7.10% p.a.	7.60% p.a.
15 months – 18 months	7.25% p.a.	7.75% p.a.
18 months – 21 months	7.25% p.a.	7.75% p.a.
21 months – 2 years	7.00% p.a.	7.50% p.a.
2 years – 3 years	7.00% p.a.	7.50% p.a.
3 years – 5 years	7.00% p.a.	7.50% p.a.
5 years – 10 years	7.00% p.a.	7.50% p.a.

Rates as of June 2026. Verify at HDFC Bank's website before booking.

Key takeaway: The sweet spot for general public customers is the 15–21 month tenure at 7.25% p.a. Most people default to 1 year or 5 years and miss this.

How HDFC FD Maturity Is Calculated

HDFC Bank compounds FD interest quarterly by default. The maturity formula is:

Maturity Amount = P × (1 + r/4) ^ (4 × t)

Where:
  P = Principal (deposit amount)
  r = Annual interest rate (as a decimal)
  t = Tenure in years

Example: ₹1 lakh at 7.25% p.a. for 18 months (1.5 years)

Maturity = 1,00,000 × (1 + 0.0725/4) ^ (4 × 1.5)
         = 1,00,000 × (1.018125) ^ 6
         = 1,00,000 × 1.1146
         = ₹1,11,460

Interest earned = ₹11,460
Effective annual yield = ~7.38% (slightly above 7.25% due to quarterly compounding)

Use the HDFC FD Calculator to try different amounts, tenures, and compounding options instantly.

Monthly Interest Payout Option

If you need regular income (common for retirees), HDFC offers a monthly interest payout option. The rate is slightly lower than the cumulative option because interest is paid out rather than compounded.

For a ₹5 lakh FD at 7.00% p.a. with monthly payout:

• Monthly interest = ₹5,00,000 × 7.00% / 12 = ₹2,917 per month
• Principal returned at maturity: ₹5,00,000

This is popular for senior citizens who use FD interest as a supplement to pension income.

TDS on HDFC FD Interest

TDS (Tax Deducted at Source) is applicable on FD interest:

• TDS rate: 10% if interest across all HDFC FDs exceeds ₹40,000 in a financial year
• Senior citizens threshold: ₹50,000
• If your total income is below the taxable limit: Submit Form 15G (general) or Form 15H (senior citizens) to avoid TDS
• PAN must be registered with HDFC Bank; without PAN, TDS is deducted at 20%

Interest is still taxable even if TDS is not deducted (e.g., if you submitted Form 15G). Add it to your income and pay tax as per your slab when filing returns.

Premature Withdrawal Rules

HDFC Bank allows premature withdrawal with a penalty:

• Penalty: 1% below the contracted rate for the actual period held
• No penalty on deposits below ₹1 crore held for more than 1 year (subject to HDFC's current policy — verify before booking)
• Deposits booked under special schemes may have a lock-in period with no premature withdrawal allowed

Example: You book at 7.25% for 18 months but break after 6 months. The applicable rate for 6 months is 6.00%. With the 1% penalty, you earn 5.00% — not 7.25%.

HDFC FD vs Other Investment Options

Option	Returns	Risk	Liquidity	Tax
HDFC FD (7.25%)	Fixed	None (DICGC insured)	Low (penalty on exit)	Fully taxable
PPF (7.10%)	Fixed	None (government-backed)	Very low (15-year lock-in)	Tax-free
Debt mutual fund	6–8% p.a.	Low–Medium	High (T+1 exit)	LTCG after 3 years
Nifty 50 index fund	12–14% CAGR (historical)	High	High	LTCG 10% after 1 year
Savings account	3–4%	None	Instant	Fully taxable

When to choose HDFC FD: When you need capital safety, predictable returns, and can lock money for 12–21 months. It outperforms savings accounts significantly.

When not to use FD: If you're in the 30% tax bracket, the post-tax return on a 7.25% FD is only ~5.0%. A tax-efficient debt fund or equity fund (for longer horizons) may be more efficient.

HDFC FD vs SBI FD

Feature	HDFC Bank	SBI
Peak general rate	7.25%	6.80%
Senior citizen rate	7.75%	7.30%
Min deposit	₹5,000	₹1,000
DICGC insured	Yes	Yes
Digital booking	Yes (NetBanking/app)	Yes

HDFC Bank currently offers 0.45% more than SBI on comparable tenures. On a ₹10 lakh deposit for 18 months, that difference is approximately ₹6,750 in extra interest.

How to Book an HDFC FD Online

1. Log in to HDFC NetBanking or the HDFC Bank mobile app
2. Navigate to Deposits → Fixed Deposit → Book a Fixed Deposit
3. Select tenure and amount
4. Choose cumulative (maturity payout) or non-cumulative (periodic interest payout)
5. Confirm and generate the FD receipt

The FD appears instantly in your accounts and matures automatically into your linked savings account on the maturity date.