HDFC Recurring Deposit: Start saving and earn attractive interest rates by making monthly deposits of a fixed sum with HDFC Recurring Deposit. Whether you have a limited income or just prefer smaller monthly deposits, HDFC RD is an excellent choice.
Recurring Deposit provides a secure way to accumulate wealth over time through regular fixed-sum monthly deposits. You can invest with minimal amounts and enjoy Fixed Deposit interest rates. Tailor it to your requirements and make the most of this savings opportunity.
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Benefits of HDFC Recurring Deposit Account
FEATURES | BENEFITS |
---|---|
Attractive Interest Rates | 📈 Upto 7.75% for Senior Citizens 🧓 |
📈 Upto 7.00% for Individuals 👨🦳 | |
Flexible Tenor Options | ⏳ Minimum Tenor: 6 Months |
⏳ Maximum Tenor: 10 Years | |
Minimum Amount | 💲 As low as ₹1,000 |
Deposit Multiples | 💲 As low as ₹100 |
Ease of Booking | 📲 Open RD on the click of a button using internet or mobile banking. hdfc recurring deposit rates |
HDFC RD Interest Rates 2023
If you’re in search of an investment opportunity that allows you to save regularly and earn interest, consider HDFC Recurring Deposit (RD). With this option, you can make modest contributions at consistent intervals and, in return, receive interest on your savings. hdfc recurring deposit rates
Interest rates for specific tenures are as follows:
Effective from January 24, 2023
Interest rates for specific tenures:
Period | Interest Rate | **Senior Citizen Rates |
---|---|---|
6 Months | 📅 4.50% | 🧓 5.00% |
9 Months | 📅 5.75% | 🧓 6.25% |
12 Months | 📅 6.60% | 🧓 7.10% |
15 Months | 📅 7.10% | 🧓 7.60% |
24 Months | 📅 7.00% | 🧓 7.50% |
27 Months | 📅 7.00% | 🧓 7.50% |
36 Months | 📅 7.00% | 🧓 7.50% |
39 Months | 📅 7.00% | 🧓 7.50% |
48 Months | 📅 7.00% | 🧓 7.50% |
60 Months | 📅 7.00% | 🧓 7.50% |
90 Months | 📅 7.00% | 🧓 7.75%* |
120 Months | 📅 7.00% | 🧓 7.75%* |
**Only Resident Senior Citizen Individuals are eligible for higher rates of interest.
List of Other Banks Offering RD
🏦 Indian Bank | 🏦 RBL Bank | 🏦 IDBI Bank | 🏦 IDFC Bank |
🏦 Corporation Bank | 🏦 Andhra Bank | 🏦 PNB Bank | 🏦 Canara Bank |
🏦 Union Bank of India | 🏦 Central Bank | 🏦 Bank of India | 🏦 Bank of Baroda |
🏦 Jana Bank | 🏦 AU Bank | 🏦 Jana Bank | 🏦 UCO Bank |
🏦 Syndicate Bank | 🏦 Allahabad Bank | 🏦 Kotak Mahindra Bank |
HDFC RD Account Terms and Conditions
- Start with an investment as low as Rs. 1000 (and in multiples of Rs. 100 thereafter), or go big with up to Rs. 14,99,900 per month.
- Choose a minimum tenure of 6 months (and in multiples of 3 months thereafter) with a maximum tenure of 10 years. For NRI customers, the minimum RD tenure is 12 months.
- Enjoy interest rates on your smaller monthly investment that match those of regular Fixed Deposits.
- Please note that HDFC reserves the right to close the recurring deposit if the customer misses 5 consecutive RD installments.
- Ensure that the minimum tenor of the Recurring Deposit is 6 months.
- The minimum instalment amount should be ₹ 1000, and it should be in multiples of ₹ 100.
Eligibility for HDFC RD
- Resident individuals
- Hindu Undivided Families
- Private & Public Limited Companies
- Trust & Societies
Applying for an HDFC RD Account
- HDFC existing customers can open a Recurring Deposit through the HDFC Mobile Banking Application and HDFC Internet Banking.
- Visit your nearest HDFC branch to open a Recurring Deposit account.
- Alternatively, you can contact HDFC, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to assist you with the application process.
- HDFC Existing customers can open Recurring Deposit through his bank Mobile Banking Application and HDFC Internet Banking.
- Visit the nearest HDFC branch and open Recurring Deposit
- You can also contact HDFC and our Customer Care Executive will fix a service appointment with our Relationship Manager to help you with the application process.
Click Here to Apply Online for HDFC RD Account
Special Features of Recurring Deposit
- Enjoy interest rates on your smaller monthly investment that match those of regular Fixed Deposits.
- Begin with an investment as low as Rs. 1000 (and in multiples of Rs. 100 thereafter) or go as high as Rs. 14,99,900 per month.
- Select a minimum tenure of 6 months (and in multiples of 3 months thereafter) with a maximum tenure of 10 years.
- Easily submit a 15G/H form through Netbanking.
- Set instructions to convert your RD into an FD at maturity.
- Nominate beneficiaries while booking your deposit online.
Required Documents for Opening an HDFC RD
Proof of Identity:
- Aadhaar Card
- Passport
- PAN card
- Voter ID card
- Driving license
- Government ID card
- Photo ration card
- Senior citizen ID card
Address Proof:
- Aadhaar Card
- Passport
- Telephone bill
- Electricity bill
- Bank Statement with Cheque
- Certificate/ID card issued by the Post office
HDFC Recurring Deposit FAQ
HDFC Recurring Deposit is a savings scheme that allows you to make regular monthly deposits and earn interest on them. It’s a systematic way to save money over time.
You need to open an HDFC RD account, choose the monthly deposit amount, and the deposit tenure. The bank accumulates your deposits and pays you the maturity amount at the end of the tenure.
The minimum monthly deposit amount for an HDFC RD is typically Rs. 100.
There is no maximum limit for an HDFC RD, but the maximum deposit amount is subject to bank discretion.
Tenure options usually range from 6 months to 10 years.