HDFC Bank RD (Recurring Deposit) Interest Rates 2026

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.

HDFC Bank RD Interest Rates 2026

#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.

HDFC Bank RD Account Features

Some of the key features of recurring deposit offered by HDFC Bank are:

Investment & Tenure

• A user can make a minimum amount of investment as small as INR 1000 (and in multiples of INR 100 thereafter). The maximum amount in the HDFC RD account is limited to INR 14,99,900 per month
• A minimum tenure one can invest in HDFC RD account is of six months (and in multiples of three months thereafter) up to a maximum tenure of 10 years
• The minimum tenure of an NRI customer is 12 months

Lock-in

• HDFC recurring deposit account has a minimum lock-in period of one month
• In the case one wants to close the account within a month, no interest shall be paid to the depositor and only the principal amount shall be returned

TDS

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)

Eligibility to Open HDFC RD Account

• Resident individuals
• Hindu Undivided Families
• Private & Public Limited Companies
• Trust & Societies

HDFC RD Calculator

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.

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Documents Required to Open HDFC RD Account

1. Proof of Identity

• Passport
• PAN Card
• Voter ID card
• Government ID card
• Driving licence
• Senior citizen ID card
• Photo ration card

2. Address Proof

• Passport
• Electricity bill
• Telephone bill
• Bank statement with Cheque
• Certificate/ ID card issued by Post Office

Why Investing in SIP is Beneficial?

• 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

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