Automatic Renewal: HDFC Bank offers automatic renewal of fixed deposits, which means that customers can choose to reinvest their matured FDs automatically for the same tenure or a different tenure, as per their preference.

The penalty for premature withdrawal varies based on the tenure and type of FD.

Premature Withdrawal: HDFC Bank allows premature withdrawal of fixed deposits, subject to certain terms and conditions.

Interest Rates: HDFC Bank offers competitive interest rates on its fixed deposits, with rates ranging from 2.5% to 6.5% depending on the tenure and type of FD.

5,000, while the minimum deposit for a tax-saver FD with a tenure of 5 years is Rs. For example, the minimum deposit for a regular FD with a tenure of 7 days is Rs.

Minimum Deposit Amount: The minimum deposit amount for HDFC Bank’s fixed deposits varies based on the type of FD and the tenure.

Tenure: HDFC Bank offers fixed deposit tenures ranging from 7 days to 10 years, providing flexibility for investors to choose the tenure that best suits their needs.

Here are some of the features of HDFC fixed deposits: Here are some of the features of HDFC FDs that might make it the right choice for you.

As one of the leading banks in India, its investment programs have a long history of impressive performance and outstanding returns, making them among the most dependable choices for investors. HDFC provides a variety of deposit options to facilitate both long-term and short-term investments by individuals.

The interest rate, once set, does not change throughout the period, and upon maturity, the person will get a lump sum amount that covers both the regular investments and the interest gained. Customers can select a period that best suits their needs.

Once the term (or “tenure”) of the fixed deposit is over, you can withdraw the original amount you deposited along with the interest earned.įixed deposits are considered relatively safe because they offer a fixed return on your investment, and the money is typically locked in for the agreed-upon term, which means you cannot withdraw it before the tenure ends without incurring penalties.įixed deposit accounts are provided by the majority of the country’s main banks, with terms ranging from as short as 7 days to as long as 10 years or more. The bank pays you a fixed interest rate on your deposit during this time. Today we are going to discuss all about HDFC FD interest rates 2023, we will also understand all about the benefits of FD as well as the unique features offered by SBI FD.įixed Deposit or FD is a type of bank account where you deposit a certain amount of money for a set period of time, usually ranging from a few months to several years.

HDFC FD Interest Rates 2023 (Below Rs.

Hdfc bank deposit rates