Current Rate of Interest for FD, RD & Forex

Current Rate of Interest for FD, RD & Forex

HDFC bank offers attractive interest rates on various deposit and savings schemes. Click on the header to view the rates

Fixed Deposit Interest Rate Less Than 3 Cr

Achieve your goals easily as we guarantee you Higher Returns

Presenting HDFC Bank Special Edition Fixed Deposits. 

Earn higher interest on your FD for tenures of 2 years and 11 months (i.e., 35 months) and 4 years and 7 months (i.e., 55 months). Limited time only!


​​​​​​​What's more? Senior Citizen benefits 0.50% EXTRA!...So Hurry! Valid for Limited Period only!

​​​​​​​
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Domestic / NRO / NRE FIXED DEPOSIT RATE

Applicable from 24th July, 2024

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

    Tenor Bucket< 3 Crore
    Interest Rate (per annum)**Senior Citizen Rates (per annum)
    7 - 14 days3.00%3.50%
    15 - 29 days3.00%3.50%
    30 - 45 days3.50%4.00%
    46 - 60 days4.50%5.00%
    61 - 89 days4.50%5.00%
    90 days < = 6 months4.50%5.00%
    6 months 1 days < = 9 months5.75%6.25%
    9 months 1 day to < 1 year6.00%6.50%
    1 year to < 15 months6.60%7.10%
    15 months to < 18 months7.10%7.60%
    18 months to < 21 months7.25%7.75%
    21 months - 2 years7.00%7.50%
    2 Years 1 day to < 2 Year 11 Months7.00%7.50%
    2 Years 11 Months - 35 Months7.35%7.85%
    2 Years 11 Months 1 day < = 3 Year7.00%7.50%
    3 Years 1 day to < 4 Years 7 Months7.00%7.50%
    4 Year 7 Months - 55 months7.40%7.90%
    4 Year 7 Months 1 day < = 5 Years7.00%7.50%
    5 Years 1 day - 10 Years7.00%7.50%


    RESIDENT CUSTOMERS:​​​​​​​

    Click here to book a deposit new way, using your mobile no. 
    ​​​​​​​
    Click here to book a deposit via NetBanking > Accounts > Transact



    NRI CUSTOMERS:

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

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

    Fixed Deposit Interest Rate Greater Than Or Equal to 3 Cr to less than 5 Cr

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    Domestic / NRO / NRE FIXED DEPOSIT RATE

    Applicable from 5th December, 2024

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


      Tenor Bucket>=3 Crore to < 5 Crores
      Interest Rate (per annum)**Senior Citizen Rates (per annum)
      7 - 14 days4.75%5.25%
      15 - 29 days4.75%5.25%
      30 - 45 days5.50%6.00%
      46 - 60 days5.75%6.25%
      61 - 89 days6.00%6.50%
      90 days <= 6 months6.50%7.00%
      6 mnths 1 day <=9mnths6.85%7.35%
      9 mnths 1 day to < 1 Year6.75%7.25%
      1 Year to < 15 months7.40%7.90%
      15 months to < 18 months7.05%7.55%
      18 months to < 21 months7.25%7.75%
      21 months to 2 years7.05%7.55%
      2 year 1 day to 3 years7.00%7.50%
      3 year 1 day to 5 years7.00%7.50%
      5 year 1 day to 10 years7.00%7.50%


      RESIDENT CUSTOMERS:

      Click here to book a deposit new way, using your mobile no. 

      Click here to book a deposit via NetBanking > Accounts > Transact

      As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD

      The base rate applicable is the interest rate of the date of deposit acceptance under tenor for which the deposit has been in force with the bank.

      ​​​​​​​
      NRI CUSTOMERS:

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

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



      Fixed Deposit Interest Rate Greater Than Or Equal To 5 Cr

      Domestic Deposit Rates Greater Than Or Equal To 5 Cr

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



      Non- Withdrawal Fixed Deposit Rates Greater Than Or Equal To 2 Cr

      Domestic Non-withdrawable Fixed Deposit rates greater than or equal to 2 Cr

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      For Non-withdrawable Domestic term  Deposit rates greater than or equal to Rs. 2 Cr please click here



      FCNR And RFC Deposit Rates

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      FCNR (B) DEPOSIT RATES​​​​​​

      PeriodGBPUSDEUROJPYAUDCADEffective Date















      <1 lakh>= 1 lakh to < 5 lakh>= 5 lakh to < 1 mio>= 1 mio to < 20 mio>= 20 mio to < 100 mio>= 100 mio




      1 Year- less than 2 years4.45%4.80%4.80%4.80%5.30%5.30%5.30%2.20%0.01%4.30%3.15%December 12, 2024
      2 years - less than 3 yearsN/A4.15%4.15%4.15%4.15%4.15%4.15%N/AN/A3.90%2.70%December 1, 2024
      3 year to less than 4 yearsN/A4.00%4.00%4.00%4.00%4.00%4.00%N/AN/A3.90%2.55%December 1, 2024
      4 years to less than 5 yearsN/A3.70%3.70%3.70%3.70%3.70%3.70%N/AN/A3.85%2.45%December 1, 2024
      5 years onlyN/A3.70%3.70%3.70%3.70%3.70%3.70%N/AN/A3.85%2.45%December 1, 2024


      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:

      FCNR Deposits:  Existing FCNR deposits booked under GBP, EURO & JPY currencies for the tenor 1 year 1 day to 5 year and which are due for auto renewal will be auto renewed for 1 year tenor by default.

      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.

      With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Partial Withdrawal on FCNR Deposits will be the rate on the date of deposit booked for the period for which deposit remained with the bank and not at the contracted rate.

      Prior to July 22nd, 2023, For Premature Closure (for all amounts, and for including Sweep In / Partial Withdrawal), the final rate applicable will be lower of either: a) the rate for the original /contracted tenor for which 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 1 Mn as on the date of booking the deposit. The paid interest amount (in case of half yearly pay out mode) will be adjusted against Principal Balance of the Deposit in case of Premature withdrawal of the FCNR Deposit before 1 year. 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 interest 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

      Period
              GBP             USDEUROJPYEffective Date
      Less than 29 Days0.01%0.01%0.01%0.01%December 1, 2018
      30 days - 3 Months0.01%0.01%0.01%0.01%December 1, 2018
      3 Months 1day - 6 Months0.01%0.01%0.01%0.01%December 1, 2018
      6 Months 1day to less than 1 Year0.01%0.01%0.01%0.01%December 1, 2018
      1 Year-less than 2 years4.45%4.80%2.20%0.01%December 1, 2024
      2 years - less than 3 years0.01%4.15%0.01%0.01%December 1, 2024
      3 years only0.01%4.00%0.01%0.01%December 1, 2024

      ​​​​​​​RFC SAVINGS RATE    0.01%            0.01%                NA    NA            August 1, 2017
      EEFC Deposit would be accepted only in current A/c (According to RBI guidelines)

      Note: As per the Terms & Conditions of Fixed Deposit Accounts of the bank,

      With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Partial Withdrawal on RFC Deposits will be 1% less of the rate on the date of deposit booked for the period for which deposit remained with the bank and not at the contracted rate. This is provided your RFC FD interest is equivalent to 1% or more. 

      Prior to 22nd July 2023, the interest rate applicable for premature closure of deposits (all amounts) will be 1% 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. This is provided your RFC FD interest is equivalent to 1% or more. 

      *Applicable interest rates will be given as on the date of receipt of the funds by the bank. RFC FD are offered only to Returning NRI's. FCNR Deposits (if any) held by Returning NRI during NRI tenure will be renewed as RFC deposits subject to renewal instructions being maintained against the FCNR Deposit opened during NRI tenure.  


      Recurring Deposit Interest Rates

      Recurring Deposit Rates(Resident / NRO / NRE Customers)   

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      HDFC Bank Fixed Deposits and Recurring Deposits offer a safe and convenient way of achieving your financial goals.  

      Rates for some key tenures:

      PeriodInterest Rate (per annum)**Senior Citizen Rates (per annum)Effective From
      6 Months4.50%5.00%Jan 24, 2023
      9 Months5.75%6.25%Jan 24, 2023
      12 Months6.60%7.10%Jan 24, 2023
      15 Months7.10%7.60%Feb 21, 2023
      18 Months7.25%7.75%Feb 21, 2023
      21 Months7.00%7.50%Feb 21, 2023
      24 Months7.00%7.50%Jan 24, 2023
      27 Months7.00%7.50%June 12, 2024
      30 Months7.00%7.50%June 12, 2024
      33 Months7.00%7.50%June 12, 2024
      36 Months7.00%7.50%June 12, 2024
      39 Months7.00%7.50%June 12, 2024
      42 Months7.00%7.50%June 12, 2024
      45 Months7.00%7.50%June 12, 2024
      48 Months7.00%7.50%June 12, 2024
      60 Months7.00%7.50%June 12, 2024
      90 Months7.00%7.50%May 2, 2024
      120 Months7.00%7.50%May 2, 2024


      **Only Resident Senior Citizen Individuals are eligible for higher rates of interest.
      ​​​​​​​
      *Special Edition Fixed Deposit rates of 33 month and 55 month are not applicable for RD booking.(Except Passion Fund)​​​​​​​

      NRE Recurring Deposit can be booked for a minimum tenure of 12 months​​​​​​​

        • Premature Liquidation

          With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal  will be the rate on the date of deposit booked, to the period for which deposit remained with the bank and not at the contracted rate.

          Prior to July 22nd, 2023, The interest rate applicable on premature closure of deposits (all amounts) will be lower of: 

          • a) The 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

          • For deposits booked on or after 7th march'19, the base rate is the rate applicable to deposits of less than Rs.2 Cr as on the date of booking the deposit. Prior to this the base rate is the rate applicable to deposits of less than Rs.1 Cr as on the date of booking the deposit.

            The Minimum tenor for earning the interest on NRE Recurring Deposit is 1 year. No Interest will be paid if the NRE Recurring Deposit is prematurely withdrawn before 1 year.

            The Minimum tenor for earning the interest on NRO Recurring Deposit is 1 Month. No Interest will be paid if the NRO Recurring Deposit is prematurely withdrawn before 1 Month. Tax at Source is deducted as per the Income Tax regulations prevalent from time to time (applicable on NRO Recurring Deposits)
        • With effect from Oct 24, 2015, the following changes would be applicable to all Recurring Deposits.

          • Interest on a Recurring Deposit will be calculated from the date the instalment is paid.

          • The method of calculation of interest on RDs will be on Actual / Actual Quarterly Compounding.

      TDS on RD is applicable as per Finance Act 2015. TDS will be deducted when interest payable or
      reinvested on RD and FD per customer across all branches, exceeds Rs.40,000/- (Rs. 50,000/- for
      senior citizens) in a financial year.

      TDS on RD accounts (if applicable) will be recovered on RD interest if Savings/Current accounts linked to RD are not maintained for TDS recovery, effective 4th Feb '2018

      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.

      Marginal Cost Of Funds-Based Lending Rates (MCLR)

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      Effective Date: Dec 07, 2024

      Tenor

      MCLR

      Overnight

      9.20%

      1 Month

      9.20%

      3 Month

      9.30%

      6 Month

      9.45%

      1 Year

      9.45%

      2 Year

      9.45%

      3 Year

      9.50%

      External benchmark linked rates (EBLR)

      The Bank uses the RBI Policy Repo Rate and the Government of India Treasury Yield published by Financial Benchmarks India Ltd as external benchmarks for pricing loans .

      Savings Account interest rate

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      Domestic, NRO and NRE Savings Rate


      Effective 6th April 2022, Rate of Interest for Savings Bank deposits Accounts has been revised as below :

      Savings Balance (Rs)

      Interest Rate p.a

      Less than Rs. 50 Lakh

      3.00%

      Of and above Rs 50 Lakh 

      3.50%


      Note:

      • Savings Bank interest will be calculated on the daily balances maintained in your account.

      • Savings Bank interest will be paid at quarterly intervals


      RFC Savings (for Returning NRIs) Interest Rate

      This is to inform you that our RFC Savings Account Interest Rates effective July 1, 2017 are as below:

      GBP

      USD

      Euro

      JPY

      0.01%

      0.01%

      NA

      NA

      EEFC Deposit would be accepted only in current A/c (According to RBI guidelines.)


      Base Rate

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      The revised Base Rate will be 9.45% and will be effective from Sep 09, 2024

      Benchmark PLR

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      Effective Sep 09, 2024 , the Benchmark PLR (BPLR) of HDFC Bank Ltd. has been revised to 17.95% p.a

      Forex Rates

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      To view detailed Forex Rates, kindly click here​​​​​​​​​​​​​


      NR Forex Rates

      December 13, 2024
      Currency_NameRegular Rates
      United States Dollar (USD)84.11
      Euro (EUR)87.85
      Great Britain Pound (GBP)106.02
      Japanese Yen (JPY)0.54
      Australian Dollar (AUD)52.95
      Canadian Dollar (CAD)58.69
      Swiss Francs (CHF)93.87
      Hong Kong Dollar (HKD)10.62
      Singapore Dollar (SGD)62.34
      New Zealand Dollar (NZD)47.13
      Swedish Kroner (SEK)7.37
      U.A.E. Dirham (AED)22.48
      Danish Krone (DKK)11.54
      Norwegian Krone (NOK)7.26
      Saudi Riyal (SAR)21.97
      Omani Rial (OMR)214.26
      South African Rand (ZAR)4.58

        

      Interest cost.
      Currency Cost
      USD/INR  6M2.25%
      USD/INR 12M2.15%
      GBP/INR 12M2.35%
      EUR/INR 12M4.65%


      Swap cost is considered for arriving at the final interest rate incase of OD against FCNR Deposit...


      Please note that the above rates are subject to -

      1. Market fluctuations
      2. Intraday fluctuation

      The bank reserves the right to make changes in the rate in accordance with the market.



      Historic Rates

      Click here for Historic Savings Account Interest Rate

      Click here for Historic MCLR

      Click here for Historic PLR Base Rate

      Click here for Historic Deposit Rates < 5 Cr 

      Click here for Historic Deposit Rates >=5 Cr

      Click here for Historic Non-Withdrawable deposit rates >=5 Cr 

      Important Notes: Resident Customers


      Interest Rates

      • 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. 


      • For Fixed Deposit Interest Rate Less Than 3 Cr- It is reiterated that the interest rate applicable on multiple deposits, across all channels, made by the same customer in a single day in one particular tenor bucket would be the rate which is applicable for the aggregate value or the individual value whichever is lower.  


      • Whereas, for Fixed Deposit Interest Rate Greater Than Or Equal To 3 Cr but Less Than 5 Cr, the interest rate applicable on multiple deposits, across all channels, made by the same customer in a single day in one particular tenor bucket would be the rate which is applicable for the aggregate value.   


      • As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD 


      Tenor Bucket 

      • Tenor Bucket "means the various tenure slabs as updated in the interest rate sheet on the website. For ex: e.g., ”1 Y 1d to 2 Y’ is one particular tenor bucket, similarly “5 Y 1 d to 10 Y“ is also one particular tenor bucket. 


      • The Minimum tenure for earning FD interest is 7 days. 


      Senior Citizens 

      Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Individuals are eligible. The special rates are applicable only for Resident deposits. 


      TDS 

      Tax at Source is deducted as per the Income Tax regulations prevalent from time to time 

      Premature Withdrawal 

      • With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Sweep-in/Partial Withdrawal will be 1% less (penalty as applicable) of the rate on the date of deposit booked, to the period for which deposit remained with the bank and not at the contracted rate.  


      • Prior to July 22nd, 2023, For Premature Closure (for all amounts, and for including Sweep In / Partial Withdrawal), the final rate applicable will be 1% below that of the lower of either:  


      a) the rate for the original /contracted tenor for which deposit has been booked  

      or  

      b) the base rate applicable for the tenor for which the deposit has been in force with the bank except for the deposits booked with tenor 7-14 days. 

      • For deposits booked on or after 7 March 2019 the base rate applicable to deposits in point b above is the Rate Applicable to Deposits of Less than 2 Crores, as on the date of the deposit.   

      • Prior to FD's booked on 7 March 2019, the base rate is the rate applicable to deposits of Less than 1 crore as on the date of deposit 


      Exemption from penalty on premature withdrawal 

      • Central or State Government establishments such as Apex Bodies, Union Government, State Government, Union Territories Government, Legislature, Judiciary, Embassies, Missions, Panchayat, District, Local Body and certain other entities which are 100% owned by Government shall be eligible for exemption from penalty applicable on premature withdrawal of Fixed deposits for Deposits booked/renewed on or after 1st July’23. 


      • Customers who wish to avail this facility on new booking or renewal, are requested to visit nearest Branch prior to new booking or date of renewal of deposit with request letter and requisite documents (if required). For more details, Please contact your Branch/Relationship Manager. Please note this facility will not be available for online booking of FD. 




      When you open a Fixed deposit with HDFC Bank Interest on Term Deposits is calculated as below:

      Fixed Deposits for the tenor <= 6 months 

      Simple Interest is paid 

      Fixed Deposits for the tenor > 6 months with Quarterly Interest Payout option  

      On a Quarterly basis 

      Fixed Deposits for the tenor > 6 months with Monthly Interest Payout option 

      Interest is calculated for the quarter and paid monthly at a discounted rate over the standard deposit rate 

      Fixed Deposits for the tenor > 6 months with Interest Reinvestment option 

      Cumulative Interest for the Quarter is added to the Principal in subsequent quarter and interest is calculated on total amount 


      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. 

      Important Notes: NRI Customers

      Interest Rates 

      • 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. 

      • It is reiterated that the interest rate applicable on multiple deposits, across all channels, made by the same customer in a single day in one particular tenor bucket would be the rate which is applicable for the aggregate value or the individual value whichever is lower. 
        ​​​​​​​
      • As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD 


      Tenor Bucket 

      • Tenor Bucket "means the various tenure slabs as updated in the interest rate sheet on the website . For ex: e.g.” 1 Y 1d to 2 Y “ is one particular tenor bucket, similarly “ 5 Y 1 d to 10 Y “ is also one particular tenor bucket. 


      • The Minimum tenor for earning the interest on NRO Fixed Deposit is 7 days.  


      • The Minimum tenor for earning the interest on NRE Fixed Deposit is 1 year. 


      Senior Citizens 

      The Senior Citizen Rates are only for Resident Indians and do not apply to NRIs. 

      TDS 

      Tax at Source is deducted as per the Income Tax regulations prevalent from time to time (applicable on NRO Fixed Deposits) 


      Premature Withdrawal 

      • No Interest will be paid if the NRE Deposit is prematurely withdrawn before 1 year. No Penalty will be levied on premature closure of NRE Fixed Deposit. Partial premature withdrawal and sweep-in facility is not allowed for NRE/NRO fixed deposits booked between 5 Crore to less than 25 Crore. 


      • With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Sweep-in/Partial Withdrawal on NRO Deposits will be 1% less of the rate on the date of deposit booked for the period for which deposit remained with the bank and not at the contracted rate.  

      • With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal including Sweep-in/Partial Withdrawal on NRE Deposits will be the rate on the date of deposit booked for the period for which deposit remained with the bank and not at the contracted rate. 


      • Prior to July 22nd, 2023, For Premature Closure (for all amounts, and for including Sweep In / Partial Withdrawal), the final rate applicable on NRO Deposits will be 1% Below  that of  the lower of either: a) the rate for the original /contracted tenor for which deposit has been booked or b) the base rate applicable for the tenor for which the deposit has been in force with the bank except for the deposits booked with tenor 7-14 days.  
          

      • Prior to July 22nd, 2023, For Premature Closure (for all amounts, and for including Sweep In / Partial Withdrawal), the final rate applicable on NRE Deposits will be lower of either: a) the rate for the original /contracted tenor for which deposit has been booked  or b) the base rate applicable for the tenor for which the deposit has been in force with the bank. 
          

      • For deposits booked on or after 7th march'19, the base rate is the rate applicable to deposits of less than Rs.2 Cr as on the date of booking the deposit. Prior to this the base rate is the rate applicable to deposits of less than Rs.1 Cr as on the date of booking the deposit. 





      The Interest on Term Deposits for the deposits booked by us, is calculated as below:

      Fixed Deposits for the tenor <= 6 months 

      Simple Interest is paid 

      Fixed Deposits for the tenor > 6 months with Quarterly Interest Payout option  

      On a Quarterly basis 

      Fixed Deposits for the tenor > 6 months with Monthly Interest Payout option 

      Interest is calculated for the quarter and paid monthly at a discounted rate over the standard deposit rate 

      Fixed Deposits for the tenor > 6 months with Interest Reinvestment option 

      Cumulative Interest for the Quarter is added to the Principal in subsequent quarter and interest is calculated on total amount 


      • 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. 


      Limited Period Offer!​​​​​​


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      Xpressway

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      HDFC SKY

      ​​​​​​​​​​​​​​​​​​​​​

      of Savings Account
      best investment option
      in Recurring deposits

      false

      false