Regular Fixed Deposit

• Easy investment with attractive interest rates, flexibility, high returns and security
• Higher rate of interest on Fixed Deposit for Senior Citizen
• Convenience of booking deposit through NetBanking

• Enjoy 0.75%* extra interest rate with Senior Citizen Care FD offer.
• This offer is for resident senior citizens aged 60 years and above, (not applicable to NRI) who wish to book a Fixed Deposit less than 5 crores for a tenure of 5 years one day to 10 years.
• Offer valid for all new/renewal of Senior Citizens FD < 5 Cr
• Offer duration: Senior Citizen Care FD is valid from 18th May'20 to 31st Dec’20.

Click here to book a deposit online through NetBanking!!

Net Banking path: Login to Net Banking > Accounts > Transact > Open Fixed Deposit

Or Please visit the nearest HDFC Bank branch

*Important Notes

An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May'20 to 31^st Mar '21. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period. This offer is not applicable to Non-Resident Indian.

In case of premature closure of Fixed Deposit booked in the above offer (including sweep in / partial closure) on or before 5 years, the interest rate will be 1.00% below the contracted rate or the base rate applicable for the period the deposit has remained with the bank, whichever is lower.

In case of premature closure of Fixed Deposit booked in the above offer (including sweep in / partial closure) post 5 years, the interest rate will be 1.25% below the contracted rate or the base rate applicable for the period the deposit has remained with the bank, whichever is lower

All other terms and conditions as applicable to Fixed Deposit shall remain unchanged and the same shall be applicable to the above fixed deposit too.

The following will be applicable for a Regular Fixed Deposit

• TDS (This stands for Tax Deducted at Source, which means the tax you have to pay on your salary is already deducted and the net amount is received by you.) will be deducted when interest payable or reinvested on RD and FD per customer across all branches, exceed Rs.40,000/- (Rs. 50,000/- for senior citizens) in a financial year
• A TDS (This stands for Tax Deducted at Source, which means the tax you have to pay on your salary is already deducted and the net amount is received by you.) Certificate will be mailed to you after end of every quarter during the financial Year providing the details of TDS (This stands for Tax Deducted at Source, which means the tax you have to pay on your salary is already deducted and the net amount is received by you.) deducted during the quarter.

W.e.f Aug 09, applicable TDS (This stands for Tax Deducted at Source, which means the tax you have to pay on your salary is already deducted and the net amount is received by you.) rates are:

w.e.f 14th May 2020 till 31st March 2021, TDS rate is reduced from 10% to 7.5% on resident deposits.

	Tax Rate	Surcharge	Education Cess	TOTAL
Resident Individuals & HUF	10%	----	----	10%
Corporate Entity	10%	----	----	10%
NRO	30%	----	3%	30.90%
Firms	10%	----	----	10%
Co-operative Societies & Local Authority	10%	----	----	10%

• A fresh Form 15G / 15H needs to be submitted at the begining of each Financial Year. Form 15G/H will need to be submitted for all subsequent deposit's booked, on every 31st of march , TDS (This stands for Tax Deducted at Source, which means the tax you have to pay on your salary is already deducted and the net amount is received by you.) is recovered on the total of interest compounded and interest accrued on the Fixed Deposit (s).
• TDS rate is applicable from time to time as per the IT Act, 1961 and IT rules. The current rates applicable for
  TDS would be displayed on Bank’s website. Today, TDS is recovered when interest payable or reinvested on FD
  & RD per customer, across all Branch, exceeds Rs 40,000/- (Rs. 50,000/- for senior citizen) in a Financial Year.
  Further, TDS is recovered at the end of the financial year on Interest accruals if applicable. • If interest amount
  is insufficient to recover TDS, the same may get recovered from the principal amount of Fixed Deposit. If
  customer wishes to have TDS recovered from CASA, same can be availed by filling separate declaration at
  branch. • For renewed deposits, the new deposit amount consists of the original deposit amount plus Interest
  Less TDS, if any, less compounding effect on TDS. For reinvestment deposit, the interest reinvested is post TDS
  recovery and "hence the maturity amount for reinvestment deposits would vary to the extent of tax and
  compounding effect on tax for the period subsequent of deduction till maturity. • As Per Section 139A(5A) of IT
  Act, every person receiving any sum of income or amount from which tax has been deducted under the
  provisions of IT Act shall provide his PAN to the person responsible for deducting such tax. In case PAN is not
  provided as required, the bank shall not be liable for the non availment of the credit of Tax deducted at Source
  and non-issuance of TDS certificate. • If your PAN is not updated with the Bank or is incorrect; please visit your
  nearest branch to submit your PAN details. • No deductions of Tax shall be made from the taxable interest in the
  case of an individual resident in India, if such individual furnishes to the Bank, a declaration in writing in the
  prescribed Format (Form 15G / Form 15H as applicable) to the effect that the tax on his estimated total income
  for the year in which such interest income is to be included in computing his total income will be Nil. This is
  subject to PAN availability on Bank records. • If aggregated value of all outstanding FDs/RDs booked in same
  ustomer id during the Financial Year exceeds INR 5Lakhs limit (*) then PAN/Form 60 is mandatory. •In absence of PAN/Form 60: (a) FD/RD will not be renewed on maturity and maturity proceeds will be credited to
  your linked account or a Demand Draft will be sent to your mailing address as updated in Bank's records.(b)
  Maturity instructions to convert RD proceeds to FD will not be acted upon and RD proceeds will be credited to
  your linked account on maturity.
  
  >The maximum interest not charged to tax during the financial year where form 15 G/H is submitted is as
  below:
  i) Upto 2, 50,000/- for residents of India below the age of 60 years or a person (not being a company or firm).
  ii) Upto 5,00,000/- for senior citizen residents of India between the age of 60-79 years at any time during the FY
  iii) Upto 5,00,000/- for senior citizen residents of India who are 80 years or more at any time during the FY.
  iv) Form 15G/ H to be submitted by customer in triplicate to the bank, for submitting one copy to IT Department,
  one copy for Bank record and third copy to be returned to customer with Branch seal as an acknowledgment. A
  fresh Form 15G /H needs to be submitted at the start of every new Financial Year. In case form 15G/H is
  >submitted post interest payout/credit, waiver shall be effective from the day next to the interest payout /credit
  immediately preceding the date of submission of form 15G/H.
  v) Form 15G/H needs to be submitted for every fixed Deposits booked with bank for Tax exemption.
  vi) The bank shall not be liable for any consequences arising due to delay or non-submission of Form 15G/H
  vii) To enable us to serve you better kindly submit the Form 15G/H latest by April 1st of the new financial year.
  
  Note: The above guidelines are subject to change as per Income Tax regulations /directives of Finance Ministry Govt of India prevalent from time to time.​​​​​​​

Fixed Deposits booked with monthly or quarterly interest payout option, TDS recovery will by default happen from linked current / savings account. Please visit nearest branch / contact RM for further clarification.

You can now make a nomination while booking Fixed deposits through NetBanking.

If you are booking a Fixed Deposit on NetBanking on a single name, then you can either select the nomination made in the base Savings account or add a new nominee.

If you are booking a Fixed Deposit on NetBanking in a Joint name, then you can only select the nomination made in the base Savings account. In a joint holding Fixed Deposit if you wish to add a new nominee, then you will need to visit the branch.

For existing single holding Fixed Deposits, Customers can add a new nominee or modify a nominee through NetBanking instantly.

For existing joint holding Fixed Deposits, Customers can download the filled Nomination form from NetBanking, take signatures from all holders, and submit it at nearest HDFC bank branch, for updating in our systems.

• You have the potential to earn compound interest (This arises when interest is added to the principal.) by reinvesting your principal amount along with the interest earned during the period.

You can also benefit from

• Our Super Saver facility (Like two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements.) for optimum utilisation of the funds in your Savings / Current account. It's like two Accounts working in tandem to give you better returns. With the Super Saver Facility (Like two accounts working together, with the Super Saver Facility, you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements.), you can choose between a Savings Account and a Current Account to link to your Fixed Deposits and enjoy the rewards of an overdraft facility to supplement your household or business requirements.
• Our Sweep-in facility. With this facility you can have funds transferred to your Savings / Current account from your Fixed Deposit if the balance in your Savings/Current Account falls below a certain limit. This limit can be decided by you.