HDFC vs PNB FD Rates — Which is Better in 2026?
HDFC offers 7.00% FD rate (1-year) vs PNB at 6.80%. HDFC gives you ₹200 more interest per year on a ₹10L deposit. Both banks are RBI-regulated and DICGC insured up to ₹5L per depositor.
Last updated: April 6, 2026
HDFC
7.00%
FD rate (1 year)
✓ Better dealPNB
6.80%
FD rate (1 year)
HDFC vs PNB FD Rates — Detailed Comparison
| Feature | HDFC | PNB |
|---|---|---|
| FD Rate (1Y) | ✓7.00% | 6.80% |
| Account Opening | No fee | No fee |
| Tenure | 7 days – 10 years | 7 days – 10 years |
| Eligibility | Any individual, joint, HUF, company | Any individual, joint, minor |
FD Rate (1Y)
HDFC
7.00%
PNB
6.80%
Account Opening
HDFC
No fee
PNB
No fee
Tenure
HDFC
7 days – 10 years
PNB
7 days – 10 years
Eligibility
HDFC
Any individual, joint, HUF, company
PNB
Any individual, joint, minor
Verdict
HDFC offers the better FD rate (7.00%) vs PNB (6.80%). Both are DICGC insured up to ₹5L. If you have more than ₹5L to park, split across banks to maximise insurance coverage. Senior citizens get an additional 0.50% at most banks — always check the senior citizen rate separately.
Frequently Asked Questions
Which bank gives higher FD interest — HDFC or PNB?+
HDFC offers a higher FD rate. HDFC pays 7.00% and PNB pays 6.80% on a 1-year FD. For longer tenures (3-5 years), rates may differ — always check the bank's rate card for your specific tenure.
Is FD in HDFC or PNB safer?+
Both banks are RBI-regulated and deposits are insured by DICGC up to ₹5 lakh per depositor per bank. For amounts above ₹5L, consider splitting across both banks to maximise insurance coverage.
What is the maturity amount on a ₹1L FD for 1 year?+
At HDFC's rate of 7.00%, a ₹1L FD matures to approximately ₹1,07,186. At PNB's rate of 6.80%, it is ₹1,06,975. Interest is taxable as per your income tax slab.
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Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.