Do you know about the HDFC Bank FD Calculator? Here you can get the complete details regarding HDFC Bank Interest rates and its Calculator usage. Read the complete article to know the operation of the HDFC Fixed deposit Calculator.
The aspirants who want to know about the HDFC Bank FD Calculator had come to a right place. It is used to calculate the maturity amount of FD. So, before investing one should know about the interest rates and the usage of the FD Calculator. We are providing the HDFC interest rates along with the tenure period and the importance of the Fixed Deposit calculator here. Therefore, the users can find all the important information regarding HDFC Bank on this page. The individuals who belong to the residence of Indians have the eligibility for receiving all the HDFC Fixed Deposit offers and benefits. So, to know those details, people have to follow the below sections without any fail.
About HFDC Bank
HDFC means Housing Development Finance Corporation. HDFC Bank is founded in the year of 1994. Its headquarters is located in Mumbai, India. It also has 2 subsidiary companies, they are HDFC Securities Ltd and HDB Financial Services Ltd. The bank has many employees, and it is the second largest private sector. In market capitalization, it is the biggest bank in India. The HDFC Bank has a nationwide distribution and networks etc.Therefore, it gives more interest rates on Fixed Deposits.
HDFC Bank is also providing the FD calculator for the people. There are many branches and networks, ATMs in our country. There are many advantages & disadvantages and benefits of FDCalculator. It has three primary business segments, and they are banking, wholesale banking, and treasury. It also includes net interest earnings on investments portfolio of the bank. To know the usage of the HDFC Bank Fixed Deposit Calculator and its interest rates follow the below sections.
Regular deposit Interest rates – HDFC Bank
|Tenure||Below 1 Crore (%)||Rs. 1 Crore to 5 Crores (%)|
|7 – 14 days||3.5||5.5|
|15 – 29 days||5||5.5|
|30 – 45 days||5.5||5.5|
|46 – 60 days||5.75||5.75|
|61 – 90 days||5.75||5.75|
|91 days – 6 months||5.75||5.75|
|6 months 1 day – 6 months 15 days||6||6|
|6 months 16 days||6||6|
|6 months 17 days – 9 months 15 days||6||6|
|9 months 16 days||6.25||6.25|
|9 months 17 days < 1 Year||6.25||6.25|
|1 year 1 day – 1 year 3 days||6.95||6.25|
|1 year 4 days||6.25||6.25|
|1 year 5 days – 1 Year 15 Days||6.25||6.25|
|1 Year 16 days||6.25||6.25|
|1 year 17 days – 2 Years||6.25||6.25|
|2 years 1day – 2 Years 15 days||6.25||6.25|
|2 Years 16 days||6.25||6.25|
|2 years 17 days – 3 Years||6.25||6.25|
|3 years 1day – 5 years||6.25||6.25|
|5 Years 1 Day – 8 Years||6.25||6.25|
|8 Years 1 Day – 10 Years||6.25||6.25|
HDFC Bank Senior Citizen FD Rates
|Tenure (Senior Citizen)||Below 1 Crore (%)||Rs. 1 Crore to 5 Crores (%)|
|7 – 14 days||4||6|
|15 – 29 days||5.5||6|
|30 – 45 days||6||6|
|46 – 60 days||6.25||6.25|
|61 – 90 days||6.25||6.25|
|91 days – 6 months||6.25||6.25|
|6 months 1 day – 6 months 15 days||6.5||6.5|
|6 months 16 days||6.5||6.5|
|6 months 17 days – 9 months 15 days||6.5||6.5|
|9 months 16 days||6.75||6.75|
|9 months 17 days < 1 Year||6.75||6.75|
|1 year 1 day – 1 year 3 days||7.45||6.75|
|1 year 4 days||6.75||6.75|
|1 year 5 days – 1 Year 15 Days||6.75||6.75|
|1 Year 16 days||6.75||6.75|
|1 year 17 days – 2 Years||6.75||6.75|
|2 years 1day – 2 Years 15 days||6.75||6.75|
|2 Years 16 days||6.75||6.75|
|2 years 17 days – 3 Years||6.75||6.75|
|3 years 1day – 5 years||6.75||6.75|
|5 Years 1 Day – 8 Years||6.75||6.75|
|8 Years 1 Day – 10 Years||6.75||6.75|
How to use HDFC Bank FD Calculator?
People who do not know the usage of the HDFC Bank FD Calculator can learn here. We are providing the calculation details with examples. Therefore, you can easily understand the calculations by checking the below sections. Therefore, the candidates who are interested in learning the calculations of maturity amount can see the below link.
By knowing the calculations, you can know how to calculate the Fixed Deposit maturity amount. We had given the HDFC Bank Interest rates along with the tenure period in the above tabular columns. So, the provided information will help you to know your maturity amount details using HDFC Bank FD Calculator. To calculate the Maturity amount use the below formulae.
A = P(1+r/n)nt
By using the above formulae, you can get the maturity amount. An example is shown in the below link. For more details about the use of HDFC Bank FD Calculator click the below link.
|Calculate HDFC FD Here|
Schemes of HDFC Bank
The HDFC Bank is offering 3 schemes. They are Short term FD, Medium term FD, and Long-term FD. The brief details of the 3 terms are given in the below sessions. Therefore, the interested candidates can follow them to get an idea about the Interest rates and tenure period. The users have to wait for the completion of the tenure period for withdrawal the maturity amount. The bank will not allow you to withdraw the money before the tenure period. If you draw the money, you have to bear a penalty.
Short Term Fixed Deposit:
- HDFC bank short-term fixed deposit, the duration range starts from 30 days to 9 months.
- The HDFC Bank lowest interest rate is 5.50% per annum for a tenure period of 30 days.
- The highest interest rate is 0.75% and bringing it to 6.25% per annum for a tenure period of 60 days to 90 days.
- For a tenure period of 9 months, the interest rate 0.25% increases to 6.75% per annum.
Medium Term Fixed Deposit:
- For a medium deposit, the interest rate is 7.25% for a term period of 12 months to 5 years.
Long Term Fixed Deposit:
- The HDFC long term Interest rate for 1 year to 5 years is 7.25% per annum. It is 0.25% higher than the short term.
Senior Citizen Fixed Deposit Interest Rates
For senior citizens, the HDFC bank offering more benefits and advantages. The special interest rate for above 60 years citizens is 0.5% higher than the prescribed rates. In short term deposit, the lowest hdfc interest rate is 6% per annum and the HDFC FD highest interest rate is 7.75% per annum. The bank may change the interest rates without giving any prior notice.The bank may change the interest rates without giving any prior notice.
Comparing with the regular fixed deposits, the senior citizens are having the more advantages and benefits. The interest rate is also high for the senior citizens than regular depositors. So, change to the HDCF account now to receive those offers. Sometimes it may or may not require another account. If it requires a new FD account, you can apply for a new Fixed deposit account in 2 ways. they are online and offline. The 2 methods are given in the below link. So, once see the below link to know the account opening process.
Features and Benefits of HDFC Bank
- You can earn interest rates higher than the libor rate.
- Partial withdrawals are not allowed by the HDFC bank.
- You can repatriate your deposit at any time.
- You can open a new deposit along with any NRI.
- Initial Fixed deposit is Rs.25,000.
- Add-on Fixed Deposit is Rs.10,000.
- The minimum tenure period is 1 year and the maximum tenure period is 10 years. You have to maintain your FD for a minimum period 1 year.
- Invest with less amount and return your money with high-interest rates.