Interest Rates

Domestic, NRO, NRE and RFC Savings Rate

Domestic, NRO and NRE Savings Rate

This is to inform you that our existing NRE Savings Account Interest Rate is 4.00% p.a.*

Note:

  • Savings Bank interest will be calculated on the daily balances maintained in your account, at a rate of interest as specified by RBI from time to time.
  • Savings Bank interest will be paid at half yearly intervals on 30th September & 31st March each year.

RFC Savings (for Returning NRIs) Interest Rate

This is to inform you that our RFC Savings Account Interest Rates effective March 1, 2014 are as below:

GBP USD Euro
0.25% 0.05% 0.50%

Domestic / NRO and NRE Deposit Rates < 5 Cr

Domestic / NRO / NRE TERM DEPOSITS

(Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year)

Period< 1 Crore>=1 Crore to < 5 Crores
Interest Rate
(per annum)
**Senior Citizen Rates
(per annum)
Interest Rate
(per annum)
**Senior Citizen Rates
(per annum)
7 - 14 days 3.50% 4.00% 7.50% 8.00%
15 - 29 days 5.00% 5.50% 8.00% 8.50%
30 - 45 days 6.00% 6.50% 8.25% 8.75%
46 - 60 days 8.25% 8.75% 8.25% 8.75%
61 - 90 days 8.25% 8.75% 8.25% 8.75%
91 days - 6 months 8.25% 8.75% 8.25% 8.75%
6 mnths 1 day- 6 mnths 3 days 8.75% 9.25% 8.50% 9.00%
6 mnths 4 days 8.75% 9.25% 8.50% 9.00%
6 mnths 5 days- 9 mnths 8.75% 9.25% 8.50% 9.00%
9 mnths 1 day- 9 mnths 3 days 8.75% 9.25% 8.75% 9.25%
9 mnths 4 days 8.75% 9.25% 8.75% 9.25%
9 months 5 days < 1 Year 8.75% 9.25% 8.75% 9.25%
1 Year 8.75% 9.25% 8.75% 9.25%
1 year 1 day - 1 year 3 days 8.75% 9.25% 8.75% 9.25%
1 year 4 days 8.75% 9.25% 8.75% 9.25%
1 year 5 days - 1 Year 15 Days 8.75% 9.25% 8.75% 9.25%
1 Year 16 days 8.75% 9.25% 8.75% 9.25%
1 year 17 days - 2 Years 8.75% 9.25% 8.75% 9.25%
2 years 1day - 2 Years 3 days 8.75% 9.25% 8.75% 9.25%
2 Years 4 days 8.75% 9.25% 8.75% 9.25%
2 years 5 days - 3 Years 8.75% 9.25% 8.75% 9.25%
3 years 1days - 5 years 8.75% 9.25% 8.75% 9.25%
5 years 1 day-10 years 8.25% 8.75% 8.25% 8.75%

 

IMPORTANT NOTES – RESIDENT CUSTOMERS:

  • Interest rates are subject to change from time to time. Applicable interest rates will be given as on the date / time of receipt of the funds by the bank. When booking FD through NetBanking please note the actual interest rate being applied on the "Confirm" screen. This screen appears before you confirm your request for opening a new FD. In order to see the latest information, we request you to clear your browsers cache to see the updated interest rates.
  • Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Indians are eligible. The special rates are applicable only for Resident deposits.
  • When you open a Fixed deposit with HDFC Bank Interest on Term Deposits is calculated as below

    1) On a Quarterly basis for deposits >= 6 months
    2) Simple interest is paid at maturity for deposits < 6 months.
    3) Cumulative Interest/ re-investment interest is calculated every quarter, and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
    4) In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate
  • Tax at source is deducted as per the Income Tax regulations prevalent from time to time.
  • The Bank computes interest based on the actual number of days in a year. In case, the Deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e.,366 days in a leap year & 365 days in a non leap year.The period of Fixed Deposit is calculated in number of days.
  • The Minimum tenure for earning FD interest is 7 days.
  • The interest rate applicable on premature closure of deposits (all amounts) will be lower of:

    a) The base rate for the original/contracted tenor for which the deposit has been booked
    OR
    b) The base rate applicable for the tenor for which the deposit has been in force with the Bank

    The base rate is the rate applicable to deposits of less than Rs.1 Cr as on the date of booking the deposit.
  • The penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% except for the FDs booked for the tenor of 7-14 days.
  • As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD

IMPORTANT NOTES – NRI CUSTOMERS:

  • The Senior Citizen Rates are only for Resident Indians and do not apply to NRIs.
  • The minimum tenor for NRE Deposit is 1 Year.
  • No penalty will be levied on premature closure of NRE fixed Deposit.
  • No Interest will be paid if the NRE Deposit is prematurely withdrawn before 1 year.
  • The base rate is the rate applicable to deposits less than Rs.1 Crore on the request date of deposit.
  • The interest rate applicable on premature closure of deposits (all amounts) will be lower of :
    • The base rate for the original/contracted tenor for which the deposit has been booked
      OR
    • The base rate applicable for the tenor for which the deposit has been in force with the Bank
  • The penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% except for the tenor of 7-14 days.
  • Partial premature withdrawal and sweep-in facility is not allowed for fixed deposits booked for 5 Crore and above.
  • The interest is calculated on a quarterly basis for deposits with a tenor above 6 months. A deposit with a tenor below 6 months, interest is calculated on maturity as Simple Interest. The period of such Fixed Deposit is calculated in number of days.
  • The FD rate applicable for a monthly interest option will be a discounted rate over the standard FD Rate. Please contact the nearest Branch for further information.
  • Deposit will be booked upon availability of clear funds with the bank and applicable interest rate will be given as on the date of receipt of the funds by the bank.
  • The above rates are applicable for fresh and renewal fixed deposits and are subject to change from time to time. Kindly check the rates before booking the Fixed Deposit. When booking Fixed Deposit through NetBanking, please note the actual interest rate being applied on the "Confirm" screen. This screen appears before you confirm your request for opening a new Fixed Deposit.

Domestic / NRO and NRE Deposit Rates >=5 Cr

For rates greater than equal to Rs. 5 Cr please click here

FCNR and RFC Deposit Rates

FCNR Deposit Interest Rates

PeriodGBPUSDEuroJPYAUDCADEffective From
1 Yr to < 2 Yrs 1.71%
1.34%
1.21%
1.17%
3.72%
2.46%
November 1, 2014
2 Yrs to < 3 Yrs 2.11%
1.72%
1.24%
1.16%
3.77%
2.46%
November 1, 2014
3 Yrs to < 4 Yrs 2.39% 2.14% 1.29% 1.17% 3.86% 2.63% November 1, 2014
4 Yrs to < 5 Yrs 2.61% 2.48% 1.36% 1.20% 4.08% 2.81% November 1, 2014
5 Yrs only 2.79% 2.76% 1.47% 1.24% 4.17% 2.97% November 1, 2014

New Customers: Click here to talk to our Executive!!

EXISTING Customers: Click here to book a deposit online through NetBanking!!

Click here to talk to our PHONEBANKING Agent!!

IMPORTANT NOTES:


  • No interest will be paid if the FCNR Deposit is prematurely withdrawn before 1 year.
  • No Penalty will be levied on premature closure of FCNR Fixed Deposit.
  • The interest rate applicable for premature closure of deposits (all amounts) will be lower of:
    • The base rate for the original/contracted tenor for which the deposit has been booked OR
    • The base rate applicable for the tenor for which the deposit has been in force with the Bank.
  • Partial or premature withdrawals will not be permitted for FCNR deposits booked/renewed for a tenor of 3 years and above during September 25, 2013 till November 28, 2013
  • The interest is calculated on a half yearly basis. Interest for re-investment deposit is calculated every six months and the Principal is increased to include interest earned during the previous six months.
  • Deposit will be booked upon availability of clear funds with the bank and applicable interest rate will be given as on the date of receipt of the funds by the bank.
  • The above rates are applicable for fresh and renewal fixed deposits and are subject to change from time to time. Kindly check the rates before booking the FCNR Fixed Deposit.
  • The FCNR Deposit booking request through Netbanking will be processed within 2 working days except Saturday, Sunday, Indian public holidays, International currency holidays. The actual interest rate and forex rate being applied will be the one which is prevailing at the time of processing the deposit and not at the time of receiving the request.

RFC Fixed Deposit Rates

PeriodGBPUSDEUROJPYEffective From
< 29 Days 0.65% 0.25% 1.00% 0.25% June 01, 2009
30 days - 3 Months 1.25% 0.50% 1.25% 0.25% June 01, 2009
3 Months 1 day - 6 Months 1.50% 1.25% 1.50% 0.25% June 01, 2009
6 Months 1 day - < 1 Year 1.75% 1.75% 1.75% 0.25% June 01, 2009
1 year - < 2 years 1.71% 1.34% 1.21% 1.17% November 1, 2014
2 years - < 3 years 2.11% 1.72% 1.24% 1.16% November 1, 2014
3 years only 2.39% 2.14% 1.29% 1.17% November 1, 2014

For interest rates on Fixed Deposits for Rs.15 Lakh and above, please contact your nearest HDFC Bank Branch.

Note: As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% provided your RFC FD interest is equivalent to 1% or more . This will be applicable for deposits booked on or after 24th January 2011.

*Applicable interest rates will be given as on the date of receipt of the funds by the bank. When booking Fixed Deposit through NetBanking, please note the actual interest rate being applied on the "Confirm" screen. This screen appears before you confirm your request for opening a new Fixed Deposit.

  • Effective 01st Dec'06, the interest rate applicable for premature closure of deposits (all amounts) will be lower of :
    • The base rate for the original/contracted tenure for which the deposit has been booked OR
    • The base rate applicable for the tenure for which the deposit has been in force with the Bank.

 

2.39%

Recurring Deposit Rates (Resident and NRE Customers)

Rates for some key tenures:

PeriodInterest Rate (per annum)**Senior Citizen Rates (per annum)Interest Rates p.a. for NRIsEffective From
6 Months 8.25% 8.75% N.A. November 02, 2013
9 Months 8.75% 9.25% N.A. July 27, 2013
12 Months 8.75% 9.25% 8.75% July 27, 2013
15 Months 8.75% 9.25% 8.75% September 12, 2012
24 Months 8.75% 9.25% 8.75% September 12, 2012
27 Months 8.75% 9.25% 8.75% September 12, 2012
36 Months 8.75% 9.25% 8.75% September 12, 2012
39 Months 8.75% 9.25% 8.75% September 12, 2012
48 Months 8.75% 9.25% 8.75% September 12, 2012
60 Months 8.75% 9.25% 8.75% September 12, 2012
90 Months 8.25% 8.75% 8.25% December 10, 2010
120 Months 8.25% 8.75% 8.25% December 10, 2010

**Only Senior Citizens are eligible for higher rates of interest.

Note: Interest rates are subject to periodic changes. The applicable interest rates will be given based on the date and time of receipt of the funds by the bank.
We request you to clear your browsers cache to see the most recently updated interest rates.

  • Premature Liquidation
    Effective 01st Dec'06, the interest rate applicable for premature closure of deposits (all amounts) will be lower of :
    • The original rate at which the deposit has been booked OR
    • The base rate applicable for the tenure for which the deposit has been in force with the Bank.
      The base rate is the rate applicable to deposits of less than Rs.15 lacs as on the date of booking the deposit.
  • Penalty on delayed Installment - A penalty is charged at the contracted Recurring Deposit interest rate along with an additional 2% per annum, for all delayed installments.
  • Method used to charge a Penalty - The penalty will be charged for the actual period of the delay only. The Penal interest shall be recovered only at the time of maturity or premature closure of the account, as the case may be.
  • Interest and Penalty calculation methods are as per the IBA Guidelines.

    * The Recurring Deposit Advice will be dispatched to your recorded mailing address within 3-4 working days of opening your account.

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