hdfc bank fixed deposit rates calculator

Also, the interest is directly credited to the depositor’s account. For all FDs with tenure for more than six months, the interest is computed every quarter.

Interest Payouts: Depositors have an option to choose interest payout frequency (either monthly or quarterly).

Moreover, for all deposits with tenure between 5 years 1 day to ten years, the bank offers a 0.25% additional interest rate.

Senior Citizens FD Rate: HDFC bank offers an additional 0.50% interest rate for its senior citizen depositors.

The highest fixed deposit interest rate that HDFC bank offers on FDs is 6.95% for deposit amount below INR 2 crore.

Fixed Deposit rates: The bank offers higher interest rates for deposits with longer tenure and lowers interest rates for tenure for less than one year.

Also, the bank accepts bulk deposits, i.e.

Maximum Amount: There is no maximum limit on the deposit amount.

Minimum Deposit Amount: The minimum amount to open an FD account with HDFC bank is INR 1,000.Also, the Fixed Deposit rates of HDFC banks are higher. Tenure: The scheme tenure ranges from 7 days to 10 years.

Guaranteed Returns: HDFC FD schemes offer fixed and guaranteed income at a fixed interest rate.

The following are the features of the HDFC savings scheme: HDFC FD is a popular savings scheme amongst investors who prefer fixed income with minimum or low risk. It can be used multiple times to estimate the returns from an HDFC FD investment. The HDFC FD calculator is a simple tool available online for free. However, the HDFC fixed deposit calculator only provides an estimation of wealth that one can earn based on the inputs provided. HDFC FD calculator takes the investment amount, tenure, interest rate, and compounding frequency to estimate the wealth gained and maturity amount from the investment. The HDFC FD Calculator also shows a tabular and graphical representation of how the investment grows during the investment tenure. It calculates the wealth gained and maturity amount that investors might receive if they invested in the HDFC FD Scheme. An HDFC FD Calculator is a simple tool that helps in estimating the returns from an HDFC FD.

Hdfc bank fixed deposit rates calculator