Maturity: ₹35,36,945 at 7% p.a. Interest earned: ₹10,36,945. Senior citizen maturity: ₹36,24,870.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹25 Lakh Fixed Deposit in HDFC Bank for 5 Years at 7% p.a. (quarterly compounding) will mature to ₹35,36,945. You earn ₹10,36,945 as interest, giving a total return of 41.5% on your investment.
At 7% p.a. (quarterly compounding), ₹25 Lakh FD in HDFC Bank for 5 Years matures to ₹35,36,945. Interest earned: ₹10,36,945. Senior citizen maturity: ₹36,24,870 at 7.5%.
HDFC Bank offers 7% p.a. for general citizens and 7.5% p.a. for senior citizens on 5 Years Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹25 Lakh at 7% for 5 Years, you would earn approximately ₹10,36,945 as interest, making total maturity ₹35,36,945. Senior citizens earn ₹11,24,870 at 7.5%.
Yes, premature withdrawal is allowed. HDFC Bank's policy: 1% penalty on applicable rate. You will receive a reduced interest rate on early withdrawal.
Compare with other banks on this page to find the best rates. Bank FDs offer DICGC insurance up to \u20B95 Lakh. Consider both rate and safety.