1. What is HDFC Bank FD Calculator?

The HDFC Bank Fixed Deposit Calculator helps you estimate the maturity amount of your fixed deposit investment using the compound interest formula. It considers the principal amount, interest rate, and tenure to calculate returns.

2. How Does the Calculator Work?

The calculator uses the compound interest formula:

Where:

• \( P \) — Principal amount (INR)
• \( R \) — Monthly interest rate (annual rate / 12 / 100)
• \( N \) — Number of compounding periods (months)
• \( A \) — Maturity amount (INR)

Explanation: The formula calculates how your investment grows with compound interest, where interest is added to the principal each month.

3. Importance of FD Calculation

Details: Accurate FD calculation helps in financial planning, comparing investment options, and understanding how your money grows over time with compound interest.

4. Using the Calculator

Tips: Enter principal amount in INR, annual interest rate in percentage, and tenure in years. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the minimum deposit for HDFC Bank FD?
A: The minimum deposit amount for regular FDs is ₹5,000. For senior citizens, it might be lower.

Q2: How often is interest compounded in HDFC FDs?
A: Interest is typically compounded quarterly, but this calculator assumes monthly compounding for more precise results.

Q3: Are FD interest rates fixed?
A: Yes, the interest rate remains fixed for the entire tenure once your FD is booked.

Q4: What is the maximum tenure for HDFC FD?
A: HDFC Bank offers FDs with tenures ranging from 7 days to 10 years.

Q5: Is TDS applicable on FD interest?
A: Yes, TDS is applicable if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.