HDFC Bank FD Interest Calculation: Formula, Slabs & Senior Rates
By Pradipta Ray · Published
HDFC Bank is India's leading private-sector commercial bank, providing flexible fixed deposit options with competitive interest rates and quarterly compounding. Here is how HDFC Bank calculates your interest and maturity payout.
As India's largest private bank, HDFC Bank provides fixed deposit accounts that can be opened instantly via NetBanking or mobile app. Understanding the difference between cumulative compounding and non-cumulative periodic payouts helps depositors maximize cash flow.
Direct Answer: HDFC Bank calculates cumulative FD maturity via quarterly compounding. On a ₹1,00,000 fixed deposit at 7.00% p.a. for 1 year, your maturity value is ₹1,07,186 (interest: ₹7,186, effective annual yield: 7.19%).
HDFC Bank FD Growth Table on ₹1 Lakh (at 7.00% p.a.)
| Tenure | General Rate | Senior Citizen Rate | General Maturity Amount | Senior Maturity Amount |
|---|---|---|---|---|
| 1 Year (365 days) | 6.60% | 7.10% | ₹1,06,765 | ₹1,07,293 |
| 2 Years (18 to 21 mos) | 7.00% | 7.50% | ₹1,14,888 | ₹1,16,022 |
| 3 Years | 7.00% | 7.50% | ₹1,23,144 | ₹1,24,972 |
| 5 Years (Tax Saver) | 7.00% | 7.50% | ₹1,41,478 | ₹1,44,995 |
| 10 Years | 7.00% | 7.50% | ₹2,00,160 | ₹2,10,235 |
HDFC Bank Senior Citizen Care FD
HDFC Bank offers an additional 0.25% premium (over and above the standard 0.50% senior citizen concession, total 0.75% extra) on fixed deposits with tenures between 5 years and 10 years. For a senior citizen investing ₹5,00,000 for 5 years, this special bucket yields an extra ₹18,000+ in interest.
Important HDFC Bank FD Rules
Sweep-in facility: Link your FD to your HDFC savings account to automatically cover debit shortfalls without breaking the entire deposit.
Overdraft against FD: Borrow up to 90% of your FD value at an interest rate just 1% above the deposit rate, avoiding premature withdrawal penalties.
Tax-saving FDs: 5-year tax-saving FDs qualify for Section 80C deductions (Old Regime) but carry a strict 5-year lock-in with zero premature withdrawal permitted.
Frequently asked questions
What is HDFC Bank's current peak FD rate?
How does HDFC Bank calculate quarterly compounding on fixed deposits?
What is the premature withdrawal penalty on HDFC Bank FDs?
Calculators for this
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Authoritative Sources
- HDFC Bank Official Fixed Deposit Rates Schedule· verified 1 September 2026
- Reserve Bank of India Master Direction - Deposits· verified 1 August 2026