{"id":5185,"date":"2024-03-30T12:58:04","date_gmt":"2024-03-30T07:28:04","guid":{"rendered":"https:\/\/incredmoney.wpcomstaging.com\/?p=5185"},"modified":"2024-03-30T12:58:04","modified_gmt":"2024-03-30T07:28:04","slug":"hdfc-bank-fd-interest-rates-2024","status":"publish","type":"post","link":"https:\/\/devblog.incredmoney.com\/blog\/hdfc-bank-fd-interest-rates-2024\/","title":{"rendered":"HDFC Bank Fixed Deposit (FD) Highest Interest Rates 2024"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">HDFC Bank offers multiple Fixed Deposits (FDs) for various tenures. Each fixed deposit has unique features and offers different interest rates. You can invest in HDFC Bank FDs through both online and offline modes with just a minimum investment of Rs 5,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With high interest rates, auto-renewal, premature withdrawals, loans against FD, sweep-in facilities and Deposit Insurance and Credit Guarantee Corporation (DICGC) Insurance, HDFC FDs are an attractive option for investors looking for guaranteed and fixed income.<\/span><\/p>\n<h2><strong>HDFC Bank FD Interest Rates<\/strong><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Tenure<\/b><\/td>\n<td><b>Interest Rate (per annum)<\/b><\/td>\n<td><b>Senior Citizen Rates (per annum)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">7 &#8211; 14 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">15 &#8211; 29 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">30 &#8211; 45 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">46 &#8211; 60 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">61 &#8211; 89 days<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">90 days &lt; = 6 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">6 months 1 day &lt; = 9 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5.75%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.25%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">9 months 1 day to &lt; 1 year<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1 year to &lt; 15 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.60%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.10%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">15 months to &lt; 18 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.60%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">18 months to &lt; 21 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">21 months &#8211; 2 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2 Years 1 day to &lt; 2 Year 11 Months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2 Years 11 Months &#8211; 35 Months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.15%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.65%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2 Years 11 Months 1 day &lt; = 3 Year<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3 Years 1 day to &lt; 4 Years 7 Months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">4 Year 7 Months &#8211; 55 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.20%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.70%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">4 Year 7 Months 1 day &lt; = 5 Years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">5 Years 1 day &#8211; 10 Years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.00%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.75%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Source: HDFC Bank Website<\/span><\/p>\n<h2><strong>Different Types of HDFC FDs<\/strong><\/h2>\n<h3><strong>Regular FD<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The regular fixed deposit of HDFC Bank offers competitive interest rates. You can easily invest in it through the bank\u2019s NetBanking portal. The following are the features of the regular fixed deposit.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimum and maximum investment:<\/b><span style=\"font-weight: 400;\"> The minimum investment in this FD is Rs 5,000, and there is no limit on the maximum investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tenure:<\/b><span style=\"font-weight: 400;\"> The tenure of the FD ranges between 7 days to 10 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest rate:<\/b><span style=\"font-weight: 400;\"> The interest rates vary based on the tenure and are currently in the range of 3% to 7.15% per annum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sweep-in facility:<\/b><span style=\"font-weight: 400;\"> The sweep-in facility is available on a regular fixed deposit. Therefore, you can transfer funds from FD to your savings or current account if the balance falls below a certain limit. However, this is available at a certain charge.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Loan:<\/b><span style=\"font-weight: 400;\"> The bank provides a loan against the FD. The interest rates are decided by the bank and vary across customers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premature and partial withdrawal:<\/b><span style=\"font-weight: 400;\"> The bank allows you to make partial withdrawals and prematurely close your FD. However, the bank will charge a small penalty on the interest rate. For partial withdrawal, the bank will charge 1%, and for pre-closure, it will charge 1.25% on the interest rate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nomination:<\/b><span style=\"font-weight: 400;\"> You can appoint a nominee to your FD right at the time of investing. The nominee must be 18 years old or above.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Autorenewal:<\/b><span style=\"font-weight: 400;\"> The bank will automatically renew the FD for the same tenure at prevailing interest rates if you do not give the bank instructions about the withdrawal of your investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Insurance:<\/b><span style=\"font-weight: 400;\"> The Deposit Insurance and Credit Guarantee Corporation (DICGC) insures all deposits up to Rs 5 lakhs, including the principal and interest.<\/span><\/li>\n<\/ul>\n<h3><strong>HDFC Bank HealthCover FD<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The HDFC bank HealthCover FD is a unique investment that offers the benefits of an FD and a safety hospital cash cover. The FD offers hospital cash cover ranging from Rs 500 to Rs 1,000 per day, depending on the amount you invested. The hospital cash cover is only offered for the first year of your investment. The following are the features of the scheme.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimum and maximum investment:<\/b><span style=\"font-weight: 400;\"> The minimum investment is Rs 5 lakhs, and the maximum is Rs 1.99 crores.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tenure:<\/b><span style=\"font-weight: 400;\"> The FD has varying tenures ranging from 1 year to 10 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest rate:<\/b><span style=\"font-weight: 400;\"> The interest rate is similar to a regular FD and ranges from 3% to 7.15% per annum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Loan:<\/b><span style=\"font-weight: 400;\"> You are eligible for an instant loan against this FD and can get up to 90% of the deposit amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premature and partial withdrawal:<\/b><span style=\"font-weight: 400;\"> Partial and premature withdrawals are allowed. However, if more than 50% of the amount is withdrawn within a year, then the health insurance coverage will be deactivated.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nomination:<\/b><span style=\"font-weight: 400;\"> Appointing a nominee is mandatory for the FD and the insurance policy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Health cover:<\/b><span style=\"font-weight: 400;\"> The health cover will only be provided for the first year. From the second year onwards, you must renew the insurance policy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hospital cash cover:<\/b><span style=\"font-weight: 400;\"> The cash cover benefits will not be paid for more than 15 days.<\/span><\/li>\n<\/ul>\n<h3><strong>Five-year Tax Saving FD<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The five-year tax saving FD offers dual advantages of investment and tax saving. By investing in this scheme, you can avail tax benefits up to Rs 1.5 lakhs under Section 80C of the Income Tax Act, 1961. The following are the features of the scheme.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimum and maximum investment:<\/b><span style=\"font-weight: 400;\"> The minimum investment in the scheme is Rs 100, and the maximum is Rs 1.5 lakhs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tenure:<\/b><span style=\"font-weight: 400;\"> The scheme has a fixed tenure of five years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest rate:<\/b><span style=\"font-weight: 400;\"> The interest will be the same as a five-year regular fixed deposit. The interest can opt for a monthly or quarterly interest payout.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premature and partial withdrawal:<\/b><span style=\"font-weight: 400;\"> The tax saver FD has a lock-in of five years, and hence, no partial or premature withdrawals are allowed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nomination:<\/b><span style=\"font-weight: 400;\"> Appointing a nominee for your tax-saving FD is mandatory.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Autorenewal:<\/b><span style=\"font-weight: 400;\"> If you do not instruct the bank to credit the investment proceeds into your account, then the bank will automatically renew the FD.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Insurance:<\/b><span style=\"font-weight: 400;\"> The DICGC insures all deposits up to Rs 5 lakhs, including the principal and interest.<\/span><\/li>\n<\/ul>\n<h3><strong>Foreign Currency Non-Resident (FCNR) Deposits<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">FCNR Account is for Non-Resident Indians (NRIs). If you are an NRI and wish to have a fixed deposit in India, you can opt for an FCNR FD. With HDFC&#8217;s FCNR Deposit, you can hold the deposit in 6 foreign currencies \u2013 US Dollar, Euro, Pound Sterling, Japanese Yen, Canadian Dollar and Australian Dollar.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can fully repatriate the deposit amount as well as the interest. And the interest is not taxed in India. The following are the features of the scheme.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimum and maximum investment:<\/b><span style=\"font-weight: 400;\"> The minimum investment in this FD depends on the foreign currency you choose. USD 1,000, Euro 2,500, GBP 2,500, JPY 7,50,000, CAD 1,000, and AUD 1,000.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">And there is no limit on the maximum investment.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tenure:<\/b><span style=\"font-weight: 400;\"> The tenure of the FCNR FD ranges between 1 year to 5 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest rate:<\/b><span style=\"font-weight: 400;\"> The interest rates vary based on tenure and the currency. Currently, the interest rates are in the range of 3.10% to 5.25% per annum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Overdraft facility:<\/b><span style=\"font-weight: 400;\"> NRIs can avail the overdraft facility against their FCNR deposits. The OD limit is up to 70% of the deposit amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premature and partial withdrawal:<\/b><span style=\"font-weight: 400;\"> In the event of a premature withdrawal of the FCNR Deposit before the completion of one year from the date of deposit booking or renewal, no interest will be paid. Additionally, there will be no penalty imposed for the premature closure of the FCNR Deposit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nomination:<\/b><span style=\"font-weight: 400;\"> You can appoint a nominee to your FD at the time of investing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Autorenewal:<\/b><span style=\"font-weight: 400;\"> The bank will automatically renew the FD for the same tenure at prevailing interest rates if you do not give the bank instructions about the withdrawal of your investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Insurance:<\/b><span style=\"font-weight: 400;\"> DICGC insures all deposits up to Rs 5 lakhs, including the principal and interest.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Note: Effective 1st JULY 2021, FCNR deposits for GBP, EURO &amp; JPY currencies will be offered only for 1 year tenure. Existing FCNR deposits booked under GBP, EURO &amp; JPY currencies for the tenor 1 year 1 day to 5 years and which are due for auto renewal will be auto renewed for 1 year tenor by default.<\/span><\/p>\n<h3><strong>Non-Withdrawable Deposits<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The Non Withdrawable FD is offered for deposits above Rs 2 crore only. This FD offers a higher rate of interest compared to other regular FDs. The following are the features of the scheme.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Minimum and maximum investment:<\/b><span style=\"font-weight: 400;\"> The minimum investment in this FD is Rs 2 crore, and there is no limit on the maximum investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tenure:<\/b><span style=\"font-weight: 400;\"> The FD has a flexi tenure. Minimum tenure is 1 year for deposit amounts between Rs 2 to &lt; 5 crore and 89 days for deposits greater than or equal to Rs 5 crore. <\/span>Maximum tenure is 10 years.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest rate:<\/b><span style=\"font-weight: 400;\"> The interest rates vary based on the tenure and are currently in the range of 7.20% to 7.45% per annum. The FD scheme offers monthly or quarterly interest payout options.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sweep in facility:<\/b><span style=\"font-weight: 400;\"> No sweep in facility.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Premature and partial withdrawal:<\/b><span style=\"font-weight: 400;\"> The FD doesn\u2019t allow premature withdrawal. However, the bank may permit premature withdrawal in exceptional cases, such as judicial or regulatory directives, with no interest paid on the principal amount, and any credited interest up to the premature closure date will be recovered. Partial withdrawals are not permitted.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nomination:<\/b><span style=\"font-weight: 400;\"> You can appoint a nominee to your FD right at the time of investing. The nominee must be 18 years old or above.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Autorenewal:<\/b><span style=\"font-weight: 400;\"> No auto renewal facility. The deposit will be booked with maturity instruction &#8211; \u2018Do Not Renew\u2019<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>NRI depositors:<\/b><span style=\"font-weight: 400;\"> NRIs can also open this FD. The minimum tenor for an NRE deposit is 1 Year.<\/span><\/li>\n<\/ul>\n<h2><strong>Documents Required to Open an FD with HDFC Bank<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The following are the documents required to apply for a fixed deposit with HDFC Bank.<\/span><\/p>\n<p><strong>Recent passport size photographs<\/strong><\/p>\n<p><strong>In the case of an individual<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PAN Card<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Aadhar Card<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Passport<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Driving licence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Voter\u2019s ID<\/span><\/li>\n<\/ul>\n<p><strong>In the case of a partnership firm<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorporating certificate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partnership deed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Authorized signatories&#8217; ID proofs and signatures<\/span><\/li>\n<\/ul>\n<p><strong>In the case of a Hindu Undivided Family (HUF)<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Self-attested PAN Card<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">HUF declaration deed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">HUF bank statements<\/span><\/li>\n<\/ul>\n<h2><strong>Frequently Asked Questions (FAQs)<\/strong><\/h2>\n<p><b>What is the highest HDFC Bank FD interest rate?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The highest HDFC Bank FD interest rate is 7.20% for regular depositors (for a tenure: 4 Year 7 Months and 55 months) and 7.75% for senior citizens (for a tenure: 5 Years 1 day &#8211; 10 Years).<\/span><\/p>\n<p><b>What is Super Saver Deposit or Overdraft against FD?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With the Super Saver facility, you can withdraw up to 75% of your deposit, providing liquidity similar to a Savings Account. No need to break your FD for short-term needs; you can withdraw cash through ATMs, cheques, etc. Also, you can avail up to 90% of overdraft on your fixed deposit instantly.<\/span><\/p>\n<p><b>How are HDFC bank FDs taxed?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The interest income from HDFC FDs is taxable based on the investor&#8217;s income tax slab rates, and a TDS of 10% is applicable if the annual interest income from HDFC FD exceeds INR 40,000 (INR 50,000 for senior citizens). If the investor fails to provide PAN Card details to HDFC Bank, the TDS rate will be 20%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, investments in HDFC Bank&#8217;s Tax Saving FD are eligible for tax savings, with a limit of up to INR 1,50,000 per year under Section 80C of the Income Tax Act.<\/span><\/p>\n<p><b>Is HDFC fixed deposit safe?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">HDFC Bank Fixed Deposits guarantee returns through regular interest or on maturity. All HDFC Bank deposits are protected by the RBI&#8217;s Deposit Insurance Scheme, covering deposits up to INR 5,00,000 (principal + interest) per depositor. Thus making HDFC Bank FDs a secure investment option.<\/span><\/p>\n<p><b>In how many years will my HDFC FD double?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To determine the number of years it takes for an HDFC Bank FD to double, you can use the Rule of 72. Divide 72 by the interest rate, and the result is the duration in which your FD investment will double. Let&#8217;s say your FD interest rate is 7%, and the investment would double in 10.2 years (72\/7).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HDFC Bank offers multiple Fixed Deposits (FDs) for various tenures. Each fixed deposit has unique features and offers different interest rates. You can invest in HDFC Bank FDs through both online and offline modes with just a minimum investment of Rs 5,000. With high interest rates, auto-renewal, premature withdrawals, loans against FD, sweep-in facilities and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,4],"tags":[2],"class_list":["post-5185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-deposits-fds","category-personal-finance","tag-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HDFC Bank Fixed Deposit (FD) Highest Interest Rates 2024 - InCred Money<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devblog.incredmoney.com\/blog\/hdfc-bank-fd-interest-rates-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDFC Bank Fixed Deposit (FD) Highest Interest Rates 2024 - InCred Money\" \/>\n<meta property=\"og:description\" content=\"HDFC Bank offers multiple Fixed Deposits (FDs) for various tenures. Each fixed deposit has unique features and offers different interest rates. You can invest in HDFC Bank FDs through both online and offline modes with just a minimum investment of Rs 5,000. 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