HDFC Recurring Deposit Features & Interest Rate
HDFC Bank is the 5th largest bank in India by assets and the largest private sector bank in India. It is listed among the top 50 global banks in terms of its market capitalization. As per the Brand Trust Report 2014, HDFC Bank is also one of the highly reputed brands in India ranked 32nd among other Indian brands.
Having such a huge trust factor to support, HDFC Bank is considered an ideal choice and a secure option for all banking needs. One of their popular banking product is the ‘Recurring Deposits Scheme‘ that offers great service with better interest rates.
Features & Benefits of HDFC RD Plan:
Check out the features of HDFC Bank Recurring Deposit scheme:
- An investment as small as Rs. 1000 (and in multiples of Rs. 100 thereafter) or as large as Rs. 14,99,900 per month
- Minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
- For NRI customers, the minimum tenure of RD is 12 months.
- For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.
- TDS is not applicable on the Interest earned by Recurring Deposits as per current income tax rules.
- Grace Days Facility is 5 days. If the installment is paid within 5 days of the installment due date, the customer will not be charged any penalty.
HDFC Bank RD Interest Rates February:
Here is the interest rates table for HDFC Recurring Deposit Plan (domestic/NRE):
| Period | Interest Rate (per annum) | Senior Citizen Rates (per annum) | Interest Rates p.a. for NRIs | Effective From |
|---|---|---|---|---|
| 6 Months | 6.25% | 6.75% | N.A. | 6 November 2018 |
| 9 Months | 6.75% | 7.25% | N.A. | 6 November 2018 |
| 12 Months | 7.30% | 7.80% | 7.30% | 6 November 2018 |
| 15 Months | 7.30% | 7.80% | 7.30% | 6 November 2018 |
| 24 Months | 7.30% | 7.80% | 7.30% | 6 November 2018 |
| 27 Months | 7.40% | 7.90% | 7.40% | 6 November 2018 |
| 36 Months | 7.40% | 7.90% | 7.40% | 6 November 2018 |
| 39 Months | 7.25% | 7.75% | 7.25% | 6 November 2018 |
| 48 Months | 7.25% | 7.75% | 7.25% | 6 November 2018 |
| 60 Months | 7.25% | 7.75% | 7.25% | 6 November 2018 |
| 90 Months | 6.50% | 7.00% | 6.50% | 6 November 2018 |
| 120 Months | 6.50% | 7.00% | 6.50% | 6 November 2018 |
Updated: 17 February 2019
View Comments (32)
How to pay rd installments in hdfc for every month?
dear sir, how much I get money back after six months if my Rd is 1000/ month.
How to pay RD installments every month in HDFC, Does it auto debits or do we have an option in net banking site to pay according
last 3 years i waste my money , i did no take good decision for save but now i have to save money for future with HDFC bank,so what can i do for it,please give good option.
WE HAVE HDFC MONEY TRANSFER. JAGA NAYAK WE APPRICATE OF MONEY ACCOUNT PRIVACY. WE URGENTLY REQUIRED TO APPRICATE.
I want to open RD account in hdfc bank .I want to investment 3000 per month. Than how many interest I get in 3 yrs .and when I open RD account.. Plz tell on my mail ID.
Thank you
I opened rd in hdfc bank.once I open rate of interest is 7%. But my maturity amount shows 61230 If i deposit 10k/per month.how it will be calculated?
Hi,
How to pay RD installments every month in HDFC,Does it auto debits or do we have an option in net banking site to pay accordingly.
Thanks/Pradeep.
There is option in sbi net banking, you have to pay RD installments monthly.
Hii
I want to open a RD a/c with hdfc of amt of Rs 7000 p/m. I want to know the procedure and how much amount i will get after 12 months. And also I have a salary a/c with hdfc, is it possible to auto debited the same amt from my salary a/c every month. Will i get any additional benifites as i have a salary a/c with hdfc. Kndly suggest.
Regards
vikram
7033257050
You will get 87661 rs after one year. Interest: 3661 rs
Dear sir, I want to deposit 5,000 per month in rd account. How many I get after 12 months.