HDFC FD Calculator 2025
HDFC Bank offers various Fixed Deposit (FD) plans at attractive interest rates. In case you wish to know the interest that is earned on any deposits made towards an FD account, you can use the HDFC FD calculator. The calculator is easy is to use and saves time.
How to Use BankBazaar’s HDFC FD Calculator
You can use the FD calculator offered by BankBazaar in case you wish to know the total interest that is earned as well as the maturity amount.
The procedure to use the FD calculator is mentioned below:
- Visit - https://www.bankbazaar.com/fixed-deposit/fd-calculator.html.
- Once on that page, enter the deposit amount, tenure, and interest rate.
- Choose the type of FD.
- Click on 'Calculate'.
- The maturity amount and the total interest that will be earned will be displayed immediately.
HDFC Bank Fixed Deposit Interest Rates
Mentioned in the table below is the interest rates offered by HDFC Bank for deposits less than Rs.2 crore:
Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizen (p.a.) |
7 - 14 days | 3.00% | 3.50% |
15 - 29 days | 3.00% | 3.50% |
30 - 45 days | 3.50% | 4.00% |
46 - 60 days | 4.50% | 5.00% |
61 - 89 days | 4.50% | 5.00% |
90 days < = 6 months | 4.50% | 5.00% |
6 months 1 days <= 9 mnths | 5.75% | 6.25% |
9 months 1 day to < 1 year | 6.00% | 6.50% |
1 year to < 15 months | 6.60% | 7.10% |
15 months to < 18 months | 7.10% | 7.60% |
18 months to < 21 months | 7.25% | 7.75% |
21 months - 2 years | 7.00% | 7.50% |
2 Years 1 day to < 2 Year 11 Months | 7.00% | 7.50% |
2 Years 11 Months - 35 Months | 7.35% | 7.85% |
2 Years 11 Months 1 day <= 3 Year | 7.00% | 7.50% |
3 Years 1 day to < 4 Years 7 Months | 7.00% | 7.50% |
4 Year 7 Months - 55 months | 7.40% | 7.90% |
4 Year 7 Months 1 day <=5 Years | 7.00% | 7.50% |
5 Years 1 day to 10 Years | 7.00% | 7.75%* |
*New rates are effective from 24 July 2024 and can change from time to time.
Benefits of Using the HDFC FD Interest Calculator
Given below are some of the reasons on why you need to use HDFC FD interest calculator:
- HDFC FD calculator will help in saving your time and resources while calculating return of investment.
- In addition, the tool will enable you to assess the maturity date and the total amount.
- It is important to use a capable HDFC FD calculator because during the maturity date, the FD becomes eligible for Tax Deducted at Source (TDS). In fact, the taxation rate will increase if you have not mentioned your Permanent Account Number (PAN). Hence, make sure all your financial details are accurate before using the HDFC FD calculator.
- It is important to file for tax exemption at the end of the Financial Year as you have paid the TDS. All you need to do is to fill the Form 26AS and Form 16A in order to claim the exemption.
- The FD calculator will help you in finding out how much amount can be claimed as an exemption.
- The tool also helps you in calculating the returns not only by considering the time but also on the nature of FD such as ‘pay out’, ‘reinvestment’ or ‘short term’.
Formula to Calculate HDFC FD Returns
HDFC FD calculator determines the returns you will get on FD by using a specific formula. You have to enter the tenure of the FD, type of FD (annually, reinvestments, monthly payments), current interest rate, the overall sum invested, and the exact date when the FD account was opened.
Next, you have to click on the ‘Calculate’ button to find out how much return you will get from the FD.
Benefits of HDFC FD Calculator
The main benefits of the HDFC FD Calculator are mentioned below:
- Helps in saving time as results are displayed almost immediately.
- Accurate results are provided for the details that are entered.
- Gives you the total amount that is earned as well as the date of maturity.
- Calculations can be done for different types of FD accounts.
FAQs on HDFC FD Calculator
- Will I have to pay a penalty in case the FD account is closed early?
Yes, a 1% penalty is levied by HDFC Bank in the case of premature closure.
- Does HDFC Bank provide an additional interest rate for senior citizens?
Yes, HDFC Bank provides an additional interest rate for senior citizens.
- Is it possible to open an FD account via net banking?
Yes, you can open an FD account by using the net banking facility.
- Can I update the PAN details in the FD account by using the net banking facility?
Yes, you can update the PAN details in the FD account by using the net banking facility.
- What is the process to open an FD account by using the net banking facility?
The procedure to open an FD account by using the net banking facility is mentioned below:
- Log in to your net banking account.
- Click on 'Accounts'
- Select 'Transact'.
- Click on 'Open Fixed Deposit' to complete the procedure.
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