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Fixed deposit comparison

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Federal Bank Tax Savings Deposit

Compare HDFC Bank Five-Year Tax Saving Fixed Deposit and Federal Bank Tax Savings Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.

Fixed deposit comparison

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Federal Bank Tax Savings Deposit

Compare the two source-backed records without collapsing unlike conditions into a winner score.

Latest underlying reviewSeptember 10, 2026
HDFC BankHDFC Bank Five-Year Tax Saving Fixed Deposit

Eligible resident individuals or HUFs using a deduction-eligible tax regime who want a large-bank five-year locked deposit and can accept taxable interest plus no normal liquidity during the lock-in.

Cost / pricing
The product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.
Reviewed
September 10, 2026
Evidence
3 bank sources
Open product research
Federal BankFederal Bank Tax Savings Deposit

Eligible Federal Bank customers who want a five-year locked deposit whose current rate can be tied directly to Federal’s resident term-deposit schedule.

Cost / pricing
Federal states that Resident Term Deposit rates also apply to Federal Tax Savings Deposits. Under the schedule effective 17 August 2026, the above-48-months-to-10-years band is 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.
Reviewed
September 10, 2026
Evidence
2 bank sources
Open product research
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littleden.blog · Comparison research sheet

HDFC Bank Five-Year Tax Saving Fixed Deposit vs Federal Bank Tax Savings Deposit

Prepared 14 Sep 2026 · Source page: https://littleden.blog/compare-banking/hdfc-five-year-tax-saving-fixed-deposit-vs-federal-tax-savings-deposit/

General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.

Decision checkpoints

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Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.

01Are you comparing the same customer, amount and tenure?Start with the eligible customer or relationship and any balance, funding or tenure requirement.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Taxpayer / regime eligibility
Resident individuals and HUFs under current HDFC Bank product/KYC rules; in a joint deposit, the deduction is attached to the first holder subject to tax law.
Qualifying amount / lock-in
Minimum ₹5,000 and thereafter in ₹100 multiples; maximum qualifying tax-saving deposit ₹1.5 lakh in a financial year; mandatory five-year lock-in.

Federal Bank Tax Savings Deposit

Taxpayer / regime eligibility
Federal publishes product-opening eligibility including individuals and HUFs plus some non-individual entities; the tax deduction itself is modeled only under the current statutory eligibility/regime rather than generalized to every opener.
Qualifying amount / lock-in
Minimum ₹100 and thereafter in ₹100 multiples; maximum ₹1.5 lakh; fixed five-year lock-in.
02Which dated rate schedule applies to that deposit?Match the customer category, currency, amount, tenure and effective date before comparing quoted rates. No return is calculated here.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Current five-year rate evidence
The product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.

Federal Bank Tax Savings Deposit

Current five-year rate evidence
Federal states that Resident Term Deposit rates also apply to Federal Tax Savings Deposits. Under the schedule effective 17 August 2026, the above-48-months-to-10-years band is 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.
03What happens if you need the money before maturity?Read the full liquidity and relationship conditions, including any recorded early-exit or payment restrictions.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Preclosure / loan restriction
Normal premature withdrawal/partial liquidity and loan-style access should not be assumed during the five-year tax-saver lock; death-related settlement follows the bank’s applicable process.
Tax-law / maturity condition
A tax-saving FD is a locked tax-law product, not an ordinary callable five-year FD. The prevailing five-year rate at booking controls; monthly payout can use a discounted payout rate.

Federal Bank Tax Savings Deposit

Preclosure / loan restriction
Premature withdrawal is not permitted and loan facility is unavailable. Federal’s product page lists a broader set of account-opening entities than the tax-law deduction applies to, so opening eligibility and deduction eligibility are not treated as identical.
Tax-law / maturity condition
Federal explicitly maps this product to its Resident Term Deposit rate ladder; exact five-year pricing is therefore evidence-backed from the current schedule.
Other maintained comparisons for HDFC Bank Five-Year Tax Saving Fixed DepositOther maintained comparisons for Federal Bank Tax Savings Deposit
Exact terms

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Banking product terms side by side for HDFC Bank Five-Year Tax Saving Fixed Deposit and Federal Bank Tax Savings Deposit
Decision factorHDFC Bank Five-Year Tax Saving Fixed DepositFederal Bank Tax Savings Deposit
Current five-year rate evidenceThe product uses HDFC Bank’s prevailing five-year deposit rate. The current sub-₹3 crore schedule applicable from 19 August 2026 places the exact five-year bucket at 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.Federal states that Resident Term Deposit rates also apply to Federal Tax Savings Deposits. Under the schedule effective 17 August 2026, the above-48-months-to-10-years band is 6.40% p.a. general and 6.90% p.a. for eligible resident senior citizens.
Qualifying amount / lock-inMinimum ₹5,000 and thereafter in ₹100 multiples; maximum qualifying tax-saving deposit ₹1.5 lakh in a financial year; mandatory five-year lock-in.Minimum ₹100 and thereafter in ₹100 multiples; maximum ₹1.5 lakh; fixed five-year lock-in.
Deduction context / payoutEligible deposit principal may qualify within the aggregate Section 123 / Schedule XV deduction framework; monthly or quarterly payout can be selected, while reinvestment compounds quarterly. Interest itself remains taxable.Quarterly-compounded maturity value, proof-of-investment certificate availability and qualifying principal within the applicable aggregate deduction framework. Interest remains taxable/TDS-applicable.
Preclosure / loan restrictionNormal premature withdrawal/partial liquidity and loan-style access should not be assumed during the five-year tax-saver lock; death-related settlement follows the bank’s applicable process.Premature withdrawal is not permitted and loan facility is unavailable. Federal’s product page lists a broader set of account-opening entities than the tax-law deduction applies to, so opening eligibility and deduction eligibility are not treated as identical.
Taxpayer / regime eligibilityResident individuals and HUFs under current HDFC Bank product/KYC rules; in a joint deposit, the deduction is attached to the first holder subject to tax law.Federal publishes product-opening eligibility including individuals and HUFs plus some non-individual entities; the tax deduction itself is modeled only under the current statutory eligibility/regime rather than generalized to every opener.
Tax-law / maturity conditionA tax-saving FD is a locked tax-law product, not an ordinary callable five-year FD. The prevailing five-year rate at booking controls; monthly payout can use a discounted payout rate.Federal explicitly maps this product to its Resident Term Deposit rate ladder; exact five-year pricing is therefore evidence-backed from the current schedule.
Tenure-by-tenure rates

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These are nominal annual rates from the reviewed first-party schedules. Effective dates can differ, and no universal winner is inferred from one tenure.

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Shared deposit tenure rates for HDFC Bank Five-Year Tax Saving Fixed Deposit and Federal Bank Tax Savings Deposit
TenureHDFC Bank Five-Year Tax Saving Fixed DepositFederal Bank Tax Savings Deposit
5 years6.40% · senior 6.90%6.40% · senior 6.90%

HDFC Bank Five-Year Tax Saving Fixed Deposit

Schedule reference: August 19, 2026. HDFC tax-saver fee page says the product uses the prevailing five-year deposit rate; HDFC domestic <₹3Cr table effective 19 August 2026.

Federal Bank Tax Savings Deposit

Schedule reference: August 17, 2026. Federal explicitly says Resident Term Deposit rates apply to Federal Tax Savings Deposits; schedule effective 17 August 2026.

Wrong-fit risks

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A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.

HDFC Bank

HDFC Bank Five-Year Tax Saving Fixed Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • The deposit deduction and the taxation of FD interest are separate: interest can be taxable/TDS-applicable.
  • From 1 April 2026, current tax-year references should use Section 123 read with Schedule XV of the Income-tax Act, 2025; some bank product copy still uses the legacy Section 80C label.
  • A current regular five-year rate should not be confused with HDFC’s 5-years-1-day-to-10-years bucket.
Federal Bank

Federal Bank Tax Savings Deposit

  • The deduction is part of the aggregate ₹1.5 lakh Section 123 / Schedule XV framework and is not available under the new concessional tax regime under Section 202; individual tax circumstances can differ.
  • From 1 April 2026, current tax-year references should use Section 123 read with Schedule XV of the Income-tax Act, 2025; some bank product copy still uses the legacy Section 80C label.
  • Federal’s product page still uses legacy Section 80C wording and lists some entities that should not be assumed to receive an individual/HUF tax deduction.
  • Interest remains taxable and periodic TDS can affect reinvestment maturity value.
Research tools

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Independent source state

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First-party source appendix

These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.

HDFC Bank Five-Year Tax Saving Fixed Deposit

Reviewed September 10, 2026 · 3 attached first-party sources

  1. Issuer product pagehttps://www.hdfc.bank.in/fixed-deposit/five-year-tax-saving-fixed-deposit
  2. Fee / charge schedulehttps://www.hdfc.bank.in/fixed-deposit/five-year-tax-saving-fixed-deposit/fees-and-charges
  3. Issuer product pagehttps://www.hdfc.bank.in/fixed-deposit/fd-interest-rate

Federal Bank Tax Savings Deposit

Reviewed September 10, 2026 · 2 attached first-party sources

  1. Issuer product pagehttps://www.federal.bank.in/federal-tax-savings-deposit
  2. Issuer product pagehttps://www.federal.bank.in/deposit-rate