Torus Digital v/s HDFC Bank Fixed Deposit Interest Rates
About HDFC Bank
HDFC Bank is one of India’s leading private sector banks, offering an extensive range of financial products including personal loans, home loans, credit cards, savings accounts, fixed deposits, and various digital banking solutions.
FD Interest Rates 2025: Torus Digital FD vs HDFC Bank FD
FD Interest Rates 2025: Torus Digital FD vs HDFC Bank FD ( Senior Citizens )
Here is a comparative table showcasing the fixed deposit interest rates offered by Torus Digital and HDFC Bank for both the general public and senior citizens to help you make an informed investment choice.
Here is a comparative table showcasing the fixed deposit interest rates offered by Torus Digital and HDFC Bank for both the general public and senior citizens to help you make an informed investment choice.
| Tenure Tenure | HDFC Bank FD HDFC Bank FD | Torus Digital FD Torus Digital FD |
|---|---|---|
| 7 – 14 days | 2.75% |  4.00% |
| 15 – 29 days | 2.75% | 4.25% |
| 30 – 45 days | 3.25% | 4.50% |
| 46 – 60 days | 4.25% | 4.50% |
| 61 – 89 days | 4.25% | 4.50% |
| 90 days – 6 months | 4.25% | 5.00% |
| 6 months 1 day | 5.50% | 7.25% |
| Above 6 months 1 day – 9 months | 5.50% | 5.50% |
| Above 9 months – < 1 year | 5.75% | 6.00% |
| 1 year | 6.25% | 7.50% |
| Above 1 year – 15 months | 6.25% | 7.50% |
| 15 months – 18 months | 6.35% | 7.50% |
| 18 months – 21 months | 6.60% | 7.50% |
| 21 months – 2 years | 6.45% | 7.50% |
| 2 years 1 day – < 3 years | 6.45% | 7.50% |
| 30 months – 36 months | 6.45% | 8.15% |
| 3 years 1 day – < 5 years | 6.40% | 6.75% |
| 5 years | 6.15% | 8.40% |
| Above 5 years – 10 years | 6.15% | 7.25% |
| Tenure Tenure | HDFC Bank FD (Senior Citizen) HDFC Bank FD | Torus Digital FD (Senior Citizen) Torus FD |
|---|---|---|
| 7 – 14 days | 3.25% | 4.00% |
| 15 – 29 days | 3.25% | 4.65% |
| 30 – 45 days | 3.75% | 4.90% |
| 46 – 60 days | 4.75% | 4.90% |
| 61 – 89 days | 4.75% | 4.90% |
| 90 days – 6 months | 4.75% | 5.40% |
| 6 months 1 day | 6.00% | 7.65% |
| Above 6 months 1 day – 9 months | 6.00% | 5.90% |
| Above 9 months – < 1 year | 6.25% | 6.40% |
| 1 year | 6.75% | 7.90% |
| Above 1 year – 15 months | 6.75% | 7.90% |
| 15 months – 18 months | 6.85% | 7.90% |
| 18 months – 21 months | 7.10% | 7.90% |
| 21 months – 2 years | 6.95% | 7.90% |
| 2 years 1 day – < 3 years | 6.95% | 7.90% |
| 30 months – 36 months | 6.95% | 8.15% |
| 3 years 1 day – < 5 years | 6.90% | 7.15% |
| 5 years | 6.65% | 8.40% |
| Above 5 years – 10 years | 6.65% | 7.65% |
Open your Torus Digital Fixed Deposit today and enjoy attractive returns with flexibility and security.
Open Account NowFeatures of Fixed Deposit: Torus Digital FD vs HDFC Bank FD
Let’s compare the key features of the Torus Digital fixed deposit account and HDFC bank fixed deposit account to see which suits you best.
| Feature Feature | HDFC Bank FD Account HDFC Bank | Torus Digital FD Account Torus Account |
|---|---|---|
| Interest rate | Up to 6.60% p.a. (general), up to 7.10% p.a. (senior citizens) | Up to 8.40% p.a. |
| Minimum deposit | ₹5,000 | ₹1,000 |
| Interest payout | Monthly/Quarterly /Cumulative | Monthly/Quarterly /Cumulative |
| Senior citizen benefit | +0.50% extra | +0.40% extra |
| Premature withdrawal | Allowed with penalty | Allowed, no penalty on specific tenure |
| Loan against FD | Available | Available |
| Tax saving FD | Available | Available |
| Booking process | Online or branch visit | Fully digital |
Open your Torus Digital Fixed Deposit today and enjoy attractive returns with flexibility and security.
Open Account NowWhich FD Offers the Best Interest Rate? Torus Digital FD vs HDFC Bank FD
When it comes to FD returns, Torus Digital FD rates clearly stand out. While HDFC bank fixed deposit rates range from 2.75% to 6.60% p.a., Torus Digital offers rates going up to 8.40% p.a. with an annualised yield of 8.67%. For senior citizens, Torus Digital adds an extra 0.40% interest, while HDFC bank FD offers up to 0.50% additional interest. If you are seeking higher guaranteed returns with digital convenience, Torus Digital FD is an ideal choice.Want to calculate your exact FD returns? Use our FD calculator to estimate interest and maturity amount in seconds. Want to calculate your exact FD returns? Use our FD calculator to estimate interest and maturity amount in seconds.
Documents Required: Torus Digital FD vs HDFC Bank FD
To open a fixed deposit account with Torus Digital or HDFC Bank, having the right documents ready ensures a smooth process.
| Documents Required Documents Required | HDFC Bank FD HDFC Bank FD | Torus Digital FD Torus Digital FD |
|---|---|---|
| Proof of Identity & Address (Any one) | PAN Card, Aadhaar Card, Passport, Driving Licence, Voter’s ID | Aadhaar Card (mandatory), PAN Card (mandatory) |
| PAN Card | Mandatory for KYC | Mandatory for KYC |
| Photographs | Recent passport-sized photograph | Not required separately |
| Additional Documents | For individuals: KYC documents; for partnership firms: Incorporation certificate,Partnership Deed,authorised signatories’ ID proofs and signatures;for HUF: Self-attested PAN card, HUF declaration deed, HUF bank statement | No physical forms needed – digital onboarding |
Eligibility Criteria: Torus Digital FD vs HDFC Bank FD
| Eligibility Criteria Eligibility Criteria | HDFC Bank FD HDFC Bank FD | Torus Digital FD Torus Digital FD |
|---|---|---|
| Account Holders | Residents, Hindu Undivided Families, Sole Proprietorship Firms,Partnership Firms, Limited Companies, Trust Accounts | Resident Individuals |
| Minors | N/A | N/A |
| Senior Citizens | 60 years and above get extra rate | 60 years and above get extra rate |
| Foreign Nationals | N/A | N/A |
Why Choose Torus Digital Fixed Deposit?
The Torus Digital Fixed Deposit, powered by Suryoday Small Finance Bank (SSFB), offers a range of innovative features designed to give you the best investment experience with attractive returns and complete convenience.
- High FD Interest Rates: Earn up to 8.40% p.a., among the best in the market.
- Flexible Interest Payouts: Choose monthly, quarterly, or cumulative payouts to suit your financial plans.
- Low Minimum Deposit: Start investing with just ₹1,000.
- Senior Citizen Benefits: Enjoy an additional 0.40% interest rate benefit if you are aged 60 years and above.
- Tax Saving FD Option: Claim deductions under Section 80C with the 5-year tax saving FD.
- Loan Against FD: Avail up to 90% of FD value as loan without breaking your deposit.
- No Penalty on Specific Withdrawals: Benefit from no penalty on premature withdrawal of select tenures.
- Fully Digital Process: Open and manage your FD online, ensuring speed and ease.
Additionally, you can explore the Torus Digital 3-in-1 Account, integrating savings account, trading account, and demat account into one platform for seamless financial management.
About Suryoday Small Finance Bank
Suryoday Small Finance Bank (SSFB) began its journey as a microfinance institution in November 2008 and transitioned into a Small Finance Bank in January 2017 after receiving its banking licence. With a strong foundation in inclusive banking, SSFB today powers next-gen digital fixed deposit solutions through platforms like Torus Digital, offering customers high returns with security and digital ease.
Tax on Fixed Deposit: Torus Digital vs HDFC Bank
Understanding the tax implications on your fixed deposit helps in planning effective post-tax returns. Here is a clear comparison:
| Aspect Aspect | Tax Saving FD HDFC Tax FD HDFC | Tax Saving FD Torus Digital Tax FD Torus |
|---|---|---|
| Lock-in Period | 5 years | 5 years |
| Interest Rate | ~6.40% p.a. | 8.40% p.a. |
| Senior Citizen Interest Rate | ~6.90% p.a. | 8.40% p.a. |
| Section 80C Eligibility | Eligible for deductions up to ₹1.5 lakh | Eligible for deductions up to ₹1.5 lakh |
Other Tax Aspects (Same for Both Torus Digital and HDFC Bank):
- TDS Applicability: Deducted as per IT rules if interest exceeds ₹40,000 (₹50,000 for senior citizens).
- Tax Treatment: Interest is taxable under ‘Income from Other Sources’.
- Form 15G/15H Submission: Can be submitted to avoid TDS if eligible as per income tax rules.
Frequently Asked Questions
1. What is the minimum amount required to start an FD with HDFC Bank?
- HDFC Bank requires a minimum of ₹5,000 to open a fixed deposit, offering flexible tenures to suit your goals. In comparison, Torus Digital FDs can be started with just ₹1,000, making it easier for anyone to begin investing with smaller amounts while earning attractive returns.
2. What is the maximum difference between FD interest rates for general citizens and senior citizens?
- The maximum difference between HDFC bank FD interest rates for general and senior citizens is 0.50% across most tenures.
3. What is the highest rate of interest offered by HDFC Bank on their Fixed Deposit?
- HDFC Bank offers a maximum FD interest rate of 6.60% p.a. for tenures between 18 to < 21 months, with senior citizens earning up to 7.10% p.a. However, Torus Digital provides FD rates up to 8.15% p.a. for a tenure of 30–36 months, offering better returns for those seeking higher yield.
4. Is TDS applicable on an FD account?
- Yes, TDS is deducted on HDFC bank FD accounts if interest earnings exceed ₹40,000 for regular citizens and ₹50,000 for senior citizens in a financial year.
5. Does HDFC Bank offer the premature withdrawal facility?
- Yes, HDFC bank FD allows premature withdrawal with a penalty of 1% below the applicable ratefor the tenure your FD remained with the bank.
6. What are the tenure options available for HDFC Bank FD?
- HDFC bank FD tenures range from 7 days to 10 years, offering flexibility as per your investment goals.
