HDFC Bank Fixed Deposit (FD) Calculator is for calculating the maturity amount of Fixed Deposit invested in HDFC Bank for a specified period.
This FD calculator requires some data like – Your Principal Deposit Amount, Rate of Interest, Period (in No. of Months), interest Compounding Frequency. After calculation, you will get the Maturity Amount after the maturity period and Effective yield in %.
HDFC Bank FD Interest Rates:
| Bank Name | Tenors | Rates For Public | Rates for Senior Citizens | As on Date |
|---|---|---|---|---|
| HDFC Bank | 7 - 14 days | 3 | 3.5 | 2024-09-09 |
| HDFC Bank | 15 - 29 days | 3 | 3.5 | 2024-09-09 |
| HDFC Bank | 30 - 45 days | 3.5 | 4 | 2024-09-09 |
| HDFC Bank | 46 - 60 days | 4.5 | 5 | 2024-09-09 |
| HDFC Bank | 61 - 89 days | 4.5 | 5 | 2024-09-09 |
| HDFC Bank | 90 days - 6 months | 4.5 | 5 | 2024-09-09 |
| HDFC Bank | >6 months - 9 months | 5.75 | 6.25 | 2024-09-09 |
| HDFC Bank | >9 months - < 1 Year | 6 | 6.5 | 2024-09-09 |
| HDFC Bank | 1 Year - < 15 months | 6.6 | 7.1 | 2024-09-09 |
| HDFC Bank | 15 months - < 18 months | 7.1 | 7.6 | 2024-09-09 |
| HDFC Bank | 18 months - < 21months | 7.25 | 7.75 | 2024-09-09 |
| HDFC Bank | 21months - 2 years | 7 | 7.5 | 2024-09-09 |
| HDFC Bank | >2 years - 5 years | 7 | 7.5 | 2024-09-09 |
| HDFC Bank | >5 years - 10 years | 7 | 7.5 | 2024-09-09 |
HDFC Bank FD Calculator Variables:
This fixed deposit calculator for HDFC Bank FD uses five different investment variables that most of the calculator requires. These saving calculator variables are:
Principal Amount: This is a fixed amount that is invested in an FD scheme. This deposit amount varies from person to person and scheme to scheme.
Rate of Interest: The Rate of Interest is the variable of the FD calculator that appears as a percentage and is different for different types of FD options. HDFC Bank offers 3.00 to 6.50% p.a. (w.e.f. 18.05.2020) rate of interest on FD accounts.
Period of Investment: The length of the investment or period for the investment in months is another factor that plays a major role in the saving calculator. The longer investment increases the compounding of the returns and hence greater rewards are generated.
Maturity Amount: The desired or required amount that an investor wants at the end of the investment life cycle is known as the final amount or maturity amount.
Effective yield: The effective yield is that variable of the FD calculator that appears as a percentage and is used to compare the effectiveness of different types of saving options. This saving variable matters the most to the investors.
How HDFC Bank FD Calculator Works?
Anyone can calculate his saving returns from the HDFC Bank account through an online FD calculator available on this page with high accuracy.
Following are the steps to calculate the FD returns through this calculator:
- Step 1: Enter the fixed principal amount that he wants to deposit.
- Step 2: After this, fill the rate of interest that he gets from his bank or financial institution for the specified period. Different banks or financial institutions offer different rates of interest-based on the amount of investment and period of investment.
- Step 3: The next step that one has to follow is to select the period for saving in months. It depends on saving option requirement for which he wants to stay invested.
- Step 4: Thereafter choose the frequency of compounding. The frequency of compounding may be monthly, quarterly, half-yearly, or yearly.
- Step 5: After submitting all variables required by an FD calculator, one will get the final maturity amount for investment query with effective yield.
HDFC Bank Fixed Deposit (FD)
An HDFC Bank fixed deposit (FD) is an account that allows you to deposit your money for a fixed period of time, earning your interest at a fixed rate. It gives you a higher rate of interest than a savings bank account.
FDs are fixed-income debt securities issued by HDFC Bank. Putting money into an FD is like giving a loan to the bank, in return for which the bank pays you interest.
The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are Recurring Deposit and Flexi Fixed Deposits (the latter is actually a combination of Demand deposit and Fixed deposit).
The longest permissible term offered by HDFC Bank for FDs is 10 years. Generally, the longer the term of deposit, the higher is the rate of interest.
Click Here for HDFC Saving Account Calculator
Features of HDFC Bank FD:
- A wide range of tenures, ranging from 7 days to 10 years, to suit your investment plan
- You can open an FD for as less as ₹ 5,000, and use it as a back-up for your savings or current account with Sweep-in and Super Saver Facilities.
- Safe custody of your fixed deposit receipts
- The facility of automatic renewal
- Loan facility is available up to 90% of principal and accrued interest
Eligibility for HDFC Bank Fixed Deposit (FD):
Get details on eligibility criteria & documents required for HDFC Bank Regular Fixed Deposit
Below are the individuals and groups eligible for a Regular Fixed Deposit:
- Residents
- Hindu undivided families
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trust accounts
Document requirement for HDFC Bank Fixed Deposit (FD):
Document requirement to apply for HDFC Bank Fixed Deposit:
- Recent photograph
- KYC documents
Individual & Company proofs:
- PAN card
- Aadhaar Card
- Passport
- Driving License
- Voter’s ID
Partnership proofs:
- Incorporating certificate
- Authorised signatories ID proofs
- Partnership Deed
- Authorised signatories’ signatures
Hindu Undivided Family:
- Self-attested PAN card
- HUF declaration deed
- HUF’s Bank Statement
You are here to calculate the maturity value of your money in HDFC Bank’s fixed deposit account. Calculate the maturity value with this online HDFC Bank FD calculator.
(Calculate your HDFC Bank Fixed Deposit (FD) maturity amount by using this HDFC Bank Fixed Deposit Calculator)
