{"id":5189,"date":"2024-03-30T13:10:39","date_gmt":"2024-03-30T07:40:39","guid":{"rendered":"https:\/\/incredmoney.wpcomstaging.com\/?p=5189"},"modified":"2025-02-21T06:10:39","modified_gmt":"2025-02-21T06:10:39","slug":"how-to-open-hdfc-bank-fixed-deposit","status":"publish","type":"post","link":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/","title":{"rendered":"How to Open HDFC Bank Fixed Deposit (FD) Online and Offline?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A Fixed Deposit (FD) is a go-to traditional investment that is popular even today. They are one of the safest investments in the market and best suit investors who want to get guaranteed returns without taking any risk. In this article, let&#8217;s see how to invest in an HDFC Bank FD through online and offline modes.\u00a0\u00a0\u00a0<\/span><\/p>\n<h2><strong>How to Invest in HDFC FD Online?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Investing in HDFC Bank FD online is as simple as online shopping. You can invest in HDFC FD through their website, mobile application, or net banking portal.<\/span><\/p>\n<h3><strong>Through the HDFC Bank website<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Go to the HDFC bank website.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Under the \u2018Save\u2019 tab, select \u2018Fixed Deposit\u2019.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A list of FDs offered by the bank will be displayed; select the one you want to invest in by clicking &#8216;Apply Online&#8217;.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You will be directed to the login page. Enter your mobile number that is registered with the HDFC Bank, your date of birth, and your PAN number.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enter the OTP that you will receive on your registered mobile number to verify your identity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select the account through which you want to make an investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enter all necessary details of the FD, such as name, tenure, amount, and interest payout frequency.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reconfirm your application details and authenticate it with an OTP to create your FD.<\/span><\/li>\n<\/ul>\n<h3><strong>Through the HDFC Mobile Application<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Download the HDFC Mobile Banking application on your phone.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Login to your account.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Click on \u2018Menu\u2019 on the top left hand side of the screen.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Click on \u2018Save\u2019 and select \u2018Deposits\u2019.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select \u2018Open Fixed Deposit\u2019.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You will be directed to the FD page. Enter the interest payout frequency, amount, duration, and maturity instructions.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Click on \u2018Continue\u2019 and confirm your FD details.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Then, accept the terms and conditions and click on &#8216;Confirm&#8217; to complete your FD investment through the HDFC Mobile Banking Application.\u00a0<\/span><\/li>\n<\/ul>\n<h3><strong>Through the Net Banking Portal<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Visit the HDFC net banking portal and log in by entering your credentials.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select the &#8216;Accounts&#8217; tab, and on the left hand side, click on &#8216;Transact&#8217;.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Then click on \u2018Open Fixed Deposit &lt; Rs 5 cr\u2019.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Select the type of FD you want to invest in and enter all necessary details such as deposit amount, tenure, nature of deposit, maturity instructions, interest payout frequency, and nomination details.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Click on \u2018Continue\u2019 and confirm all the details.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once you verify the FD details, authenticate your transaction with an OTP.<\/span><\/li>\n<\/ul>\n<h2><strong>How to Invest in HDFC FD Offline?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">In case you aren\u2019t comfortable with online investing, you can invest in the HDFC Bank FD offline. The following steps will guide you through the same.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Download the HDFC FD application form online or go to the nearest branch and ask for an FD application form.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fill out the form with all the necessary details and submit it along with passport size photographs, PAN Card and address proof.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can invest in the deposit through cash, demand draft, or cheque. In case of cash, you can invest only a maximum of Rs 10 lakhs.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once the payment is done, the bank will confirm your investment in the fixed deposit and give you a fixed deposit receipt (FDR) as an acknowledgement.\u00a0<\/span><\/li>\n<\/ul>\n<h2><strong>Eligibility to Invest in HDFC Bank FD<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The following are the individuals and groups eligible to open fixed deposits with HDFC Bank:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Residents<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hindu Undivided Families (HUFs)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sole proprietorship firms<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Partnership firms<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited companies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Trust accounts<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Minors can hold FDs jointly with an adult (parent or legal guardian).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">NRIs can only open NRE, NRO or FCNR deposits.\u00a0<\/span><\/p>\n<h2><strong>Documents required to invest in HDFC Bank FD<\/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<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recent passport size photographs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the case of an individual<\/span><\/li>\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<h3><strong>In the case of a Partnership Firm<\/strong><\/h3>\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 ID proofs and signatures<\/span><\/li>\n<\/ul>\n<h3><strong>In the case of a Hindu Undivided Family (HUF)<\/strong><\/h3>\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<\/strong><\/h2>\n<p><b>What is the minimum amount to open an FD in HDFC?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The minimum amount to open a fixed deposit in HDFC is Rs 5,000<\/span><\/p>\n<p><b>Is it safe to open FD online HDFC?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Yes, HDFC fixed deposits are a safe investment option that offers guaranteed and fixed returns. You can opt for regular payouts or choose to reinvest the interest back into the scheme and withdraw a lump sum (principal amount + interest) at the end of the fixed deposit tenure. Furthermore, deposits up to Rs 5,00,000 are insured by Deposit Insurance and Credit Guarantee Corporation (DICGC).<\/span><\/p>\n<p><b>What is the interest of 1 lakh FD in HDFC?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For a five year tenure, the interest rate for HDFC fixed deposit is 7%. Let\u2019s say you invest Rs 1,00,000 at 7% for a five year tenure in HDFC bank. The interest gets compounded yearly, and the interest you earn on your deposit would be Rs 40,255. Thus, at the end of the investment tenure (5 years), the maturity amount of your fixed deposit scheme would be Rs 1,40,255<\/span><\/p>\n<p><b>What is the highest interest rate for HDFC FD?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">HDFC bank offers the highest interest rate of 7.20% (for regular depositors) on fixed deposits with a tenure of 4 Years 7 Months and 55 months. For senior citizen depositors, the highest FD rate in HDFC is 7.75% for the tenure ranging between 5 Years 1 day &#8211; 10 Years.\u00a0<\/span><\/p>\n<p><b>How to open an FD if you don\u2019t have an account?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you do not currently have a savings account with HDFC and are interested in opening a fixed deposit in the bank, you will need to provide documents such as photo identification, proof of address, etc. You must complete the Know Your Customer (KYC) process and submit these documents, along with a duly filled and signed application form.<\/span><\/p>\n<p><b>How many FD accounts can be opened?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">You can open as many fixed deposits as you want with HDFC. HDFC doesn\u2019t restrict the number of deposits you can open with them.\u00a0<\/span><\/p>\n<p><b>Is a PAN card necessary to open an FD with HDFC?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">PAN is mandatory for fixed deposits greater than or equal to Rs 50,000.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><b>Is there a premature withdrawal facility available on HDFC fixed deposits?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Yes, HDFC allows premature withdrawals on its FD schemes. However, the premature withdrawal facility attracts a penalty of 1%.<\/span><\/p>\n<p><b>Does HDFC provide a loan against FD?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Yes, you can avail a loan against your HDFC fixed deposit. The bank gives loans equivalent to 90% of the deposited amount. The fixed deposit serves as collateral for the loan. Interest rates for these loans are typically 1-2% higher than HDFC Bank&#8217;s fixed deposit interest rates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can take home loans, business loans, education loans, etc., against your HDFC fixed deposits.\u00a0<\/span><\/p>\n<p><b>Are there any charges for opening an HDFC FD?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">There are no charges for opening a fixed deposit scheme with HDFC.\u00a0<\/span><\/p>\n<p><b>Can I change the tenure of HDFC bank FD?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">No. Once booked, you cannot change the tenure of your HDFC bank FD. You can either close the existing FD and start a new one with your preferred tenure.<\/span><\/p>\n<p><b>Can I add more funds to my current HDFC bank FD account?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Once you open a fixed deposit with HDFC, you cannot add more funds to it. If you wish to invest an additional amount, you can always open another (a new) fixed deposit with HDFC.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Fixed Deposit (FD) is a go-to traditional investment that is popular even today. They are one of the safest investments in the market and best suit investors who want to get guaranteed returns without taking any risk. In this article, let&#8217;s see how to invest in an HDFC Bank FD through online and offline [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[8,31,4],"tags":[2],"class_list":["post-5189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fixed-deposits-fds","category-investing","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>How to Open HDFC Bank Fixed Deposit (FD) Online and Offline? - 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\/how-to-open-hdfc-bank-fixed-deposit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Open HDFC Bank Fixed Deposit (FD) Online and Offline? - InCred Money\" \/>\n<meta property=\"og:description\" content=\"A Fixed Deposit (FD) is a go-to traditional investment that is popular even today. 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They are one of the safest investments in the market and best suit investors who want to get guaranteed returns without taking any risk. In this article, let&#8217;s see how to invest in an HDFC Bank FD through online and offline [&hellip;]","og_url":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/","og_site_name":"InCred Money","article_published_time":"2024-03-30T07:40:39+00:00","article_modified_time":"2025-02-21T06:10:39+00:00","og_image":[{"width":1246,"height":826,"url":"https:\/\/devblog.incredmoney.com\/blog\/wp-content\/uploads\/2024\/03\/How-to-Open-an-FD-in-HDFC-Bank-1.png","type":"image\/png"}],"author":"Abhishek Verma","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Abhishek Verma","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/#article","isPartOf":{"@id":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/"},"author":{"name":"Abhishek Verma","@id":"https:\/\/devblog.incredmoney.com\/blog\/#\/schema\/person\/b39c935f019c083fc61546b471b62391"},"headline":"How to Open HDFC Bank Fixed Deposit (FD) Online and Offline?","datePublished":"2024-03-30T07:40:39+00:00","dateModified":"2025-02-21T06:10:39+00:00","mainEntityOfPage":{"@id":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/"},"wordCount":1215,"commentCount":0,"image":{"@id":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/#primaryimage"},"thumbnailUrl":"https:\/\/devblog.incredmoney.com\/blog\/wp-content\/uploads\/2024\/03\/How-to-Open-an-FD-in-HDFC-Bank-1.png","keywords":["Blogs"],"articleSection":["Fixed Deposits (FDs)","Investing","Personal Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/","url":"https:\/\/devblog.incredmoney.com\/blog\/how-to-open-hdfc-bank-fixed-deposit\/","name":"How to Open HDFC Bank Fixed Deposit (FD) Online and Offline? 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