Savings Calculators
HDFC FD Calculator
HDFC Bank, one of India's largest private-sector banks by total assets and deposits, offers a range of fixed deposit products with competitive interest rates across tenures from 7 days to 10 years. HDFC Bank FDs are known for consistent rate offerings, a seamless digital booking experience and reliable service — making them a popular choice among retail and HNI depositors alike. Deposits are insured by DICGC up to ₹5 lakh per depositor per bank. Use this HDFC FD calculator to find your maturity amount and interest earned — enter the deposit amount, an indicative interest rate and tenure to see your returns with quarterly compounding.
- Invested
- ₹1,00,000
- Interest Earned
- ₹43,226
Maturity Value
₹1,43,226
- Invested70%
- Interest Earned30%
Formula
M = P × (1 + r/4)^(4 × t)
- M
- Maturity amount at the end of the tenure.
- P
- Principal — the lumpsum amount deposited with HDFC Bank.
- r
- Annual interest rate ÷ 100.
- t
- Deposit tenure in years.
HDFC Bank compounds FD interest quarterly, the standard method for Indian banks. The rate shown is indicative for illustration — always confirm the live rate on HDFC Bank's official website or mobile app before booking, as rates differ by tenure and deposit amount.
Worked example
Suppose you place a fixed deposit of ₹1,00,000 with HDFC Bank at an indicative rate of 7.25% per annum for a tenure of 5 years, with quarterly compounding.
- Deposit Amount (P)
- ₹1,00,000
- Interest Rate (p.a.)
- 7.25% (indicative)
- Tenure
- 5 years
Your HDFC FD matures to about ₹1,43,227 — meaning roughly ₹43,227 of interest earned on top of the ₹1,00,000 deposited over 5 years with quarterly compounding. A higher rate than SBI's indicative rate translates into a larger interest payout on the same deposit amount.
Year-by-year growth
Based on the default HDFC FD Calculator values above. The final year matches the maturity value shown by the calculator — change the inputs to project your own plan.
- Total invested
- ₹1,00,000
- Interest earned
- ₹43,226
- Maturity value
- ₹1,43,226
- Value / invested
- 1.43×
Over 5 years, your ₹1,00,000 grows to about ₹1,43,226 — roughly 1.43× what you put in, thanks to compounding.
| Year | Invested | Interest earned | Maturity value |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹7,450 | ₹1.07 Lakh |
| 2 | ₹1,00,000 | ₹15,454 | ₹1.15 Lakh |
| 3 | ₹1,00,000 | ₹24,055 | ₹1.24 Lakh |
| 4 | ₹1,00,000 | ₹33,296 | ₹1.33 Lakh |
| 5 | ₹1,00,000 | ₹43,226 | ₹1.43 Lakh |
How this HDFC FD calculator works
Enter the deposit amount, interest rate and tenure to see your HDFC Bank FD maturity value and interest earned calculate in real time. The rate is pre-set to an illustrative 7.25% — adjust it to the rate HDFC Bank quotes for your specific tenure and deposit size to see your actual expected returns.
HDFC Bank FDs in a balanced savings strategy
HDFC Bank FDs sit in the capital-safe part of a portfolio — alongside savings accounts and government-backed products like PPF — providing predictable returns with no market risk. For surplus funds parked for 1–5 years, an FD at a competitive HDFC Bank rate can outperform a savings account meaningfully, especially when rates are rising. The trade-off is reduced liquidity: breaking the FD early incurs a penalty.
Tips for HDFC Bank FD investors
- Book at the right tenure — HDFC Bank’s rate schedule varies by tenor; check which specific tenure offers the highest rate for your horizon.
- Consider the Senior Citizen rate — if you are 60 or above, you receive an additional premium (typically 0.25–0.50% above the standard rate) that significantly improves returns over 3–5 years.
- Use the sweep-in facility — linking your FD to a savings account lets idle funds automatically earn FD-level returns without loss of liquidity for daily transactions.
- Split large deposits across multiple FDs of different tenures (an FD ladder) to keep some liquidity while still earning longer-tenure rates.
- Plan the DICGC cover — if your total deposits with HDFC Bank exceed ₹5 lakh, consider spreading excess amounts across different banks to stay within the insured limit at each institution.
faq
Frequently asked questions.
What FD products does HDFC Bank offer?
HDFC Bank offers Regular Fixed Deposits (7 days to 10 years), the HDFC Bank Tax Saving FD (5-year lock-in under Section 80C), Senior Citizen Fixed Deposits (additional rate), and the HDFC Bank SurePay FD (EMI option). The bank also offers sweep-in facility that links your FD to a savings account for automatic use of idle funds.
How does HDFC Bank's FD rate compare to public-sector banks?
HDFC Bank often offers rates that are broadly comparable to or slightly higher than large public-sector banks on select tenures, while maintaining a strong credit rating. The specific rate difference varies with the deposit tenure and market conditions. Use this calculator to compare the maturity value at different rates side by side.
Can I open an HDFC Bank FD online?
Yes. HDFC Bank customers can open FDs online via net banking, the HDFC Bank mobile app, or through WhatsApp Banking. Non-customers can open an FD by visiting a branch. The digital process allows you to book, track and renew FDs without visiting the branch.
Does HDFC Bank allow partial withdrawal of an FD?
HDFC Bank allows premature or partial withdrawal of most FDs, with an interest penalty (typically around 1%) on the withdrawn amount. The Tax Saving FD has a 5-year lock-in and cannot be broken early. The SuperSaver FD variant allows partial withdrawal without a penalty up to a specified threshold.
Is TDS deducted on HDFC Bank FD interest?
Yes. HDFC Bank deducts TDS at 10% if your total FD interest in a financial year exceeds ₹40,000 (₹50,000 for senior citizens). You can submit Form 15G (individuals below 60) or Form 15H (senior citizens) if your total income is within the basic exemption limit to prevent TDS deduction. This calculator shows the gross maturity figure before TDS.