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If you want to keep your money safe and also earn guaranteed returns while staying away from the fluctuations of the stock market, then Fixed Deposits (FDs) remain the first choice for most people. This is especially true for risk-averse investors, such as senior citizens, salaried individuals, or families who want to build a safe fund for their future expenses. However, before investing in an FD, it is crucial to know which bank is offering what interest rate for which tenure, as this difference determines your profit.

HDFC Bank, considered one of the best private banks, offers FD schemes that are considered quite safe by investors. This bank offers different interest rates for different FD tenures, allowing investors to choose an option according to their needs and goals.

Currently, HDFC Bank is offering approximately 6.25 percent interest on 1-year FDs, 6.45 percent on 2 and 3-year FDs, and around 6.40 percent on 4 and 5-year FDs.  It's important to understand that interest rates can change from time to time, but the current rates are considered reasonable for a safe investment. 1 year - 6.25 percent
2 years - 6.45 percent
3 years - 6.45 percent
4 years - 6.40 percent
5 years - 6.40 percent

HDFC Bank FD Interest Rates & Returns on ₹2 Lakh

FD Tenure | Interest Rate (%) | Investment Amount (₹) | Maturity Amount (₹) | Total Profit (₹)
1 year | 6.25% | 2,00,000 | 2,12,796 | 12,796
2 years | 6.45% | 2,00,000 | 2,27,304 | 27,304
3 years | 6.45% | 2,00,000 | 2,42,000 | 42,000
4 years | 6.40% | 2,00,000 | 2,57,000 | 57,000
5 years | 6.40% | 2,00,000 | 2,74,000 | 74,000

Where will you earn money on a ₹2 lakh FD?
Now the question arises: if you invest ₹2 lakh in an HDFC Bank FD, how much return can you expect for different tenures?  If you choose a 5-year FD, you can get approximately ₹2.74 lakh at maturity. This means a direct profit of approximately ₹74,000 in this tenure. If you invest ₹2 lakh for 4 years, the maturity amount will be approximately ₹2.57 lakh, and your profit will be approximately ₹57,000.

How much return will you get on 1, 2, and 3 years?
Similarly, investing ₹2 lakh in a 3-year FD will give you approximately ₹2.42 lakh, meaning a return of approximately ₹42,000. But if you need the money sooner and opt for a 2-year FD, you will get approximately ₹2.27 lakh at maturity, resulting in a profit of approximately ₹27,000. Investing in an FD for just one year yields approximately ₹2.12 lakh on an investment of ₹2 lakh, resulting in a profit of around ₹12,700.

The best option for the future
It's important for investors to understand that while the return on an FD is completely safe, the fixed interest rate over the long term means that inflation can also have an impact. Therefore, it's always better to make FDs only a part of your total investment portfolio.

Yes, if your goal is complete safety and you need the money at a specific time, then an HDFC Bank FD can be a reliable option. However, before investing, be sure to understand the interest rates, tax rules, and your own needs so that your money is invested in the right place and for the right duration. (Note: This news is based on general information; for more detailed information, please consult a financial advisor.)

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