HDFC RD Interest Rates 2023, HDFC Recurring Deposit Rates

HDFC Recurring Deposit: Invest fixed sum of amount on monthly basis in HDFC Recurring Deposit and get attractive interest rates. Build up your savings through regular monthly deposits of a fixed sum over a period of time with HDFC RD. This is a great option for those who have fewer earnings as the monthly deposit amount is very less in HDFC Account.

Recurring Deposit allows customers with an opportunity to build up their wealth securely through regular monthly deposit of fixed sum over a period of time. Invest very small amounts in Recurring Deposit and get Fixed Deposit interest rates! Maximise its benefits to suit your needs.

Key Benefits of HDFC Recurring Deposit

FEATURESBENEFITS
Attractive Interest Rates
  • Upto 7.75% for Senior Citizens
  • Upto 7.00% for Individuals
Flexible Tenor Options

  • Minimum Tenor
  • Maximum Tenor
  • 6 Months
  • 10 Years
Minimum AmountAs low as ₹ 100O
Deposit MultiplesAs low as ₹ 100
Ease of BookingOpen RD on click of a button using internet or mobile banking.

HDFC RD Interest Rates 2023

Are you looking for an investment opportunity where you can make regular savings and earn interest? A HDFC Recurring Deposit (RD) may be the answer for you. You can make small contributions at regular intervals and get rewarded with interest on your savings.

Rates for some key tenures:

Effective From Jan 24, 2023

Rates for some key tenures:

PeriodInterest Rate**Senior Citizen Rates
6 Months4.50%5.00%
9 Months5.75%6.25%
12 Months6.60%7.10%
15 Months7.10%7.60%
24 Months7.00%7.50%
27 Months7.00%7.50%
36 Months7.00%7.50%
39 Months7.00%7.50%
48 Months7.00%7.50%
60 Months7.00%7.50%
90 Months7.00%7.75%*
120 Months7.00%7.75%*


**Only Resident Senior Citizen Individuals are eligible for higher rates of interest.

List of Other Banks Offering RD

State Bank of IndiaHDFC BankICICI BankAxis Bank
Indian BankRBL BankIDBI BankIDFC Bank
Corporation BankAndhra BankPNB BankCanara Bank
Union Bank of IndiaCentral BankBank of IndiaBank of Baroda
Jana BankAU BankJana BankUCO Bank
Syndicate BankAllahabad BankKotak Mahindra Bank

Terms and Conditions on HDFC RD Account:

  • An investment as small as Rs. 1000 (and in multiples of Rs. 100 there after) or as large as Rs. 14,99,900 per month
  • A 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.
  • HDFC reserves the right to close the recurring deposit in case the customer misses 5 consecutive recurring deposit instalments.
  • The minimum tenor of Recurring Deposit should be 6 months.
  • The minimum instalment amount should be ₹ 1000.
  • The instalment amount should be in multiples of ₹ 100.

Who is eligible? for HDFC RD

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

How to Apply for HDFC RD Account

  • 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

Recurring Deposit: Special Features

  • For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.
  • An investment as small as Rs. 1000 (and in multiples of Rs. 100 thereafter) or as large as Rs. 14,99,900 per month
  • A minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
  • Ease to submit 15G/H form through Netbanking
  • Set instructions to convert your RD into an FD at maturity
  • Availing nomination facility while booking deposit online

Documents Required to Open HDFC RD Account

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 Post office

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