HDFC NRI Fixed Deposit (FD) Rates Calculator
As a Non-Resident Indian (NRI), investing in Fixed Deposits in India is a secure way to earn stable returns on your earnings. HDFC Bank offers specific accounts like NRE (Non-Resident External) and NRO (Non-Resident Ordinary) savings accounts that allow you to book FDs. Understanding the potential returns based on current interest rates, tenure, and compounding frequency is crucial for financial planning.
This calculator helps NRIs estimate the maturity amount and total interest earned on their Rupee-denominated deposits. NRE deposits are popular because the interest earned is tax-free in India and fully repatriable. NRO deposits are used for income earned in India (like rent or dividends); the interest is taxable in India, and repatriation has certain limits.
Please note: HDFC Bank FD rates change frequently based on market conditions and tenure buckets. You must look up the current applicable interest rate corresponding to your specific tenure on the official HDFC Bank website before using this calculator.
FD Investment Details
How HDFC NRI FDs are Calculated
For standard cumulative Fixed Deposits in India, banks typically use quarterly compounding. This means the interest earned every quarter is added back to the principal, and subsequent interest is calculated on this increased amount.
The formula used in this calculator for compound interest is:
A = P x (1 + r/n)nt
- A: Maturity Amount
- P: Principal Deposit Amount
- r: Annual Interest Rate (decimal)
- n: Number of compounding periods per year (Standard is 4 for Quarterly)
- t: Tenure in years
Example Calculation
Let's assume an NRI invests in an HDFC NRE FD with the following details:
- Deposit Amount: ₹ 25,00,000 (25 Lakhs)
- Interest Rate: 7.20% p.a.
- Tenure: 2 Years and 6 Months (2.5 years)
Using quarterly compounding, the calculator would estimate:
- Total Interest Earned: ₹ 4,88,678.45
- Maturity Amount: ₹ 29,88,678.45
Since this is an NRE deposit, this entire maturity amount is tax-free in India. If it were an NRO deposit, TDS would be deducted from the interest component before payout.
function calculateHDFCNRIFD() { // 1. Get inputs using exact IDs var principalStr = document.getElementById('nriPrincipal').value; var rateStr = document.getElementById('nriRate').value; var yearsStr = document.getElementById('nriYears').value; var monthsStr = document.getElementById('nriMonths').value; var accountType = document.getElementById('nriAccountType').value; // 2. Parse and validate values var principal = parseFloat(principalStr); var rate = parseFloat(rateStr); var years = parseInt(yearsStr) || 0; var months = parseInt(monthsStr) || 0; var resultDiv = document.getElementById('nriResult'); if (isNaN(principal) || principal <= 0) { resultDiv.innerHTML = 'Please enter a valid positive Deposit Amount.'; return; } if (isNaN(rate) || rate < 0) { resultDiv.innerHTML = 'Please enter a valid Interest Rate percentage.'; return; } if (years === 0 && months === 0) { resultDiv.innerHTML = 'Please enter a tenure greater than zero (Years or Months).'; return; } // 3. Calculation Logic (Quarterly Compounding) var totalYears = years + (months / 12.0); var compoundingFreq = 4; // Quarterly var rateDecimal = rate / 100.0; // A = P * (1 + r/n)^(n*t) var maturityAmount = principal * Math.pow((1 + (rateDecimal / compoundingFreq)), (compoundingFreq * totalYears)); var totalInterest = maturityAmount – principal; // 4. Format currency for display (Indian numbering system format roughly) var formatter = new Intl.NumberFormat('en-IN', { style: 'currency', currency: 'INR', minimumFractionDigits: 2, maximumFractionDigits: 2 }); // 5. Generate Output HTML var outputHTML = '