With HDFC’s Recurring deposit scheme, one can now save money in regular installments and earn interest on payments.
A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. It is a type of term deposit which allows one to save a fixed amount of money every month systematically. If you are familiar with SIP in Mutual Funds, RD works similarly in banking. Every month, a fixed amount of money is deducted either from a savings or a current account. And, at the end of the maturity, investors are paid back their invested money with accrued interest.
A user willing to open an RD account with HDFC Bank can choose any amount and term according to your convenience.
Period | Interest Rate (p.a.) | #Senior Citizen Rates (p.a.) |
---|---|---|
6 Months | 4.50% | 5.00% |
9 Months | 5.75% | 6.25% |
12 Months | 6.50% | 7.00% |
15 Months | 7.00% | 7.50% |
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% | 7.50% |
#Only Resident Senior Citizens are eligible for higher rates of interest.
Note: Interest rates are effective from Dec 14, 2022. They subject to periodic changes. The applicable interest rates will be given based on the date and time of Receipt of the funds by the bank.
Investment Amount:₹180,000 Interest Earned:₹21,001 Maturity Amount: ₹201,001RD Calculator
Some of the key features of recurring deposit offered by HDFC Bank are:
Tax Deducted at Source (TDS) on RD accounts (if applicable) will be recovered on recurring deposit interest if savings/current accounts linked to RD are not maintained (effective 4th Feb'2018)
A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.
Illustration-
RD Calculator | INR |
---|---|
Monthly Deposit Amount | 500 |
RD in month | 60 |
Rate of Interest | 7% |
RD Maturity Amount | INR 35,966 |
Interest Earned | INR 5,966 |
Talk to our investment specialist
Systematic Investment plan (SIP) is a way to put your money in mutual funds. Investment can be done on a periodic Basis - daily, weekly, monthly or quarterly
You need to deposit a small amount of money at every interval. The minimum amount can be as low as INR 500
SIPs can help in all kinds of investment goals, whether short- or long –term, depending on the frequency of investment, funds chosen and other factors
SIPs offer flexible instalment plans of daily, weekly, monthly, quarterly etc
Returns can be earned better here. The longer you invest via a SIP in mutual funds, especially in an Equity Fund, the higher are the chances to earn good returns
To Cancel SIP, the investors can simply close their investment and withdraw their money without any penal charges
Here's a list of best performing equity SIPs for an investment horizon of five years and above
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) DSP US Flexible Equity Fund Growth ₹67.7396
↑ 0.40 ₹989 500 14.6 16.2 23 17.4 16.6 17.8 Franklin Asian Equity Fund Growth ₹31.6147
↓ -0.32 ₹270 500 8 12.3 11.3 7.9 3.1 14.4 ICICI Prudential Banking and Financial Services Fund Growth ₹129.98
↓ -0.36 ₹9,930 100 -2.1 12.3 6.5 15.4 18.9 11.6 Invesco India Growth Opportunities Fund Growth ₹98.98
↓ -0.83 ₹8,007 100 4 22.3 6.2 24.5 23 37.5 Motilal Oswal Multicap 35 Fund Growth ₹61.1164
↑ 0.04 ₹13,727 500 1.4 15.8 3.4 23 18.8 45.7 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹58.25
↓ -0.21 ₹3,497 1,000 -2.9 12.2 3.3 15 18.7 8.7 Kotak Standard Multicap Fund Growth ₹82.518
↓ -0.19 ₹53,293 500 -1.3 15.3 -0.2 16.2 18.2 16.5 Sundaram Rural and Consumption Fund Growth ₹98.6348
↓ -0.15 ₹1,576 100 3.2 14.6 -0.8 16.6 18.7 20.1 Mirae Asset India Equity Fund Growth ₹110.982
↓ -0.40 ₹39,975 1,000 -0.1 13.1 -1 12.9 15.9 12.7 Axis Focused 25 Fund Growth ₹53.94
↓ -0.33 ₹12,585 500 -0.5 13.5 -1.3 9.4 12.4 14.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Aug 25 Research Highlights & Commentary of 10 Funds showcased
Commentary DSP US Flexible Equity Fund Franklin Asian Equity Fund ICICI Prudential Banking and Financial Services Fund Invesco India Growth Opportunities Fund Motilal Oswal Multicap 35 Fund Aditya Birla Sun Life Banking And Financial Services Fund Kotak Standard Multicap Fund Sundaram Rural and Consumption Fund Mirae Asset India Equity Fund Axis Focused 25 Fund Point 1 Bottom quartile AUM (₹989 Cr). Bottom quartile AUM (₹270 Cr). Upper mid AUM (₹9,930 Cr). Lower mid AUM (₹8,007 Cr). Upper mid AUM (₹13,727 Cr). Lower mid AUM (₹3,497 Cr). Highest AUM (₹53,293 Cr). Bottom quartile AUM (₹1,576 Cr). Top quartile AUM (₹39,975 Cr). Upper mid AUM (₹12,585 Cr). Point 2 Established history (13+ yrs). Established history (17+ yrs). Established history (17+ yrs). Established history (18+ yrs). Established history (11+ yrs). Established history (11+ yrs). Established history (15+ yrs). Oldest track record among peers (19 yrs). Established history (17+ yrs). Established history (13+ yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (upper mid). Rating: 5★ (lower mid). Rating: 5★ (lower mid). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Rating: 5★ (bottom quartile). Point 4 Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 16.59% (lower mid). 5Y return: 3.09% (bottom quartile). 5Y return: 18.94% (top quartile). 5Y return: 23.04% (top quartile). 5Y return: 18.76% (upper mid). 5Y return: 18.69% (upper mid). 5Y return: 18.25% (lower mid). 5Y return: 18.66% (upper mid). 5Y return: 15.90% (bottom quartile). 5Y return: 12.43% (bottom quartile). Point 6 3Y return: 17.39% (upper mid). 3Y return: 7.87% (bottom quartile). 3Y return: 15.42% (lower mid). 3Y return: 24.55% (top quartile). 3Y return: 22.96% (top quartile). 3Y return: 14.98% (lower mid). 3Y return: 16.19% (upper mid). 3Y return: 16.63% (upper mid). 3Y return: 12.88% (bottom quartile). 3Y return: 9.38% (bottom quartile). Point 7 1Y return: 22.97% (top quartile). 1Y return: 11.30% (top quartile). 1Y return: 6.54% (upper mid). 1Y return: 6.20% (upper mid). 1Y return: 3.43% (upper mid). 1Y return: 3.34% (lower mid). 1Y return: -0.16% (lower mid). 1Y return: -0.75% (bottom quartile). 1Y return: -0.97% (bottom quartile). 1Y return: -1.30% (bottom quartile). Point 8 Alpha: -1.71 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: -3.35 (bottom quartile). Alpha: 12.86 (top quartile). Alpha: 10.18 (top quartile). Alpha: -8.11 (bottom quartile). Alpha: 2.01 (upper mid). Alpha: -0.72 (lower mid). Alpha: 1.71 (upper mid). Alpha: 3.17 (upper mid). Point 9 Sharpe: 0.78 (top quartile). Sharpe: 0.57 (top quartile). Sharpe: 0.37 (upper mid). Sharpe: 0.28 (upper mid). Sharpe: 0.11 (upper mid). Sharpe: 0.09 (lower mid). Sharpe: -0.31 (bottom quartile). Sharpe: -0.27 (bottom quartile). Sharpe: -0.35 (bottom quartile). Sharpe: -0.23 (lower mid). Point 10 Information ratio: -0.40 (bottom quartile). Information ratio: 0.00 (lower mid). Information ratio: 0.18 (upper mid). Information ratio: 1.21 (top quartile). Information ratio: 0.80 (top quartile). Information ratio: 0.19 (upper mid). Information ratio: 0.24 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: -0.36 (bottom quartile). Information ratio: -1.12 (bottom quartile). DSP US Flexible Equity Fund
Franklin Asian Equity Fund
ICICI Prudential Banking and Financial Services Fund
Invesco India Growth Opportunities Fund
Motilal Oswal Multicap 35 Fund
Aditya Birla Sun Life Banking And Financial Services Fund
Kotak Standard Multicap Fund
Sundaram Rural and Consumption Fund
Mirae Asset India Equity Fund
Axis Focused 25 Fund