1. What is the HDFC FD Interest Calculator?

The HDFC FD Interest Calculator helps you estimate the maturity amount of your fixed deposit investment with HDFC Bank for 2025, using the current interest rates and compound interest formula.

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, as decimal)
• \( N \) — Number of compounding periods (months)
• \( A \) — Final amount (INR)

Explanation: The formula accounts for monthly compounding, which means interest is calculated each month and added to the principal for subsequent interest calculations.

3. Importance of FD Interest Calculation

Details: Accurate interest calculation helps in financial planning, comparing different investment options, and understanding the growth potential of your fixed deposit investments.

4. Using the Calculator

Tips: Enter principal amount in INR, annual interest rate (7.20% is the default for 2025), and tenure in months. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the current HDFC FD interest rate for 2025?
A: As of 2025, HDFC offers 7.20% interest rate for general public on 1-year fixed deposits (rates may vary based on tenure and customer category).

Q2: How often is interest compounded in HDFC FDs?
A: HDFC compounds interest quarterly for most fixed deposits, but this calculator assumes monthly compounding for more precise calculations.

Q3: Are there tax benefits on HDFC FDs?
A: No, FD interest is taxable as per your income tax slab. However, senior citizens can claim deductions under Section 80TTB.

Q4: What is the minimum deposit amount for HDFC FD?
A: The minimum amount is ₹5,000 for regular FDs and ₹2,000 for senior citizen FDs.

Q5: Can I withdraw my FD before maturity?
A: Yes, but premature withdrawals may attract a penalty of 0.50-1.00% on the interest rate.