HDFC Bank offers RD accounts that help you save a fixed amount every month and earn interest on it. It’s a great option if you want to build a habit of regular savings with guaranteed returns. The HDFC RD interest rates depend on the deposit tenure and customer type, such as regular or senior citizens.
Learn the latest HDFC recurring deposit rates, the benefits of opening an RD and other important details to help you plan your savings better.
HDFC Bank Recurring Deposit Scheme Highlights
Here are the key highlights of the RD scheme that you should be aware of before starting your investments:
| Feature | Details |
|---|---|
| Minimum deposit | ₹500 per month |
| Maximum deposit | Up to ₹2.99 crores per month |
| Minimum tenure | 6 months for residents, 12 months for NRIs |
| Maximum tenure | Up to 10 years |
| General interest rates | Usually range between 4.50% p.a. to 7.25% p.a. depending on tenure |
| Senior citizen interest rates | Usually range between 5.00% p.a. to 7.75% p.a. depending on tenure |
| Fixed monthly amount | Deposit amount remains fixed once selected |
| Missed instalments | Missing 6 consecutive instalments may lead to account closure |
| Payment requirement | Full instalment amount must be paid each month |
| Premature withdrawal | Allowed with applicable penalty based on tenure |
HDFC RD Interest Rates in 2026
HDFC Bank offers attractive interest rates on RD for regular and senior citizens. The rate varies depending on the maturity period you choose.
| Maturity Period | RD Rates for General Citizen | RD Rates Senior Citizen |
|---|---|---|
| 6 months | 4.50% p.a. | 5.00% p.a. |
| 9 months | 5.75% p.a. | 6.25% p.a. |
| 12 months | 6.60% p.a. | 7.10% p.a. |
| 15 months | 7.10% p.a. | 7.60% p.a. |
| 18 months | 7.25% p.a. | 7.75% p.a. |
| 21 months | 7.00% p.a. | 7.50% p.a. |
| 24 months | 7.00% p.a. | 7.50% p.a. |
| 27 months | 7.00% p.a. | 7.50% p.a. |
| 30 months | 7.00% p.a. | 7.50% p.a. |
| 33 months | 7.00% p.a. | 7.50% p.a. |
| 36 months | 7.00% p.a. | 7.50% p.a. |
| 39 months | 7.00% p.a. | 7.50% p.a. |
| 42 months | 7.00% p.a. | 7.50% p.a. |
| 45 months | 7.00% p.a. | 7.50% p.a. |
| 48 months | 7.00% p.a. | 7.50% p.a. |
| 60 months | 7.00% p.a. | 7.50% p.a. |
| 90 months | 7.00% p.a. | 7.50% p.a. |
| 120 months | 7.00% p.a. | 7.50% p.a. |
Features of HDFC Recurring Deposit
Here are some of the features of the HDFC Recurring Deposit. These features help you save regularly and earn interest in a simple way:
- You need to deposit at least ₹500 every month and you can go up to ₹2.99 Crores.
- The minimum time you need to keep the RD is 6 months for Indian citizens and 12 months for NRIs.
- Once you decide on the monthly deposit amount, you can’t change it later.
- If you miss 6 monthly payments in a row, your RD account may be closed by the bank.
- You cannot pay only part of the monthly deposit; the full amount is required each time.
Types of HDFC Bank RD Accounts
Here are the different types of HDFC Recurring Deposit schemes:
HDFC Recurring Deposit
- Minimum ₹500 per month
- Tenure from 6 months to 10 years
- Allows a few missed instalments
- Nomination available
HDFC NRO RD
- Starts from ₹1,000 per month
- Tenure from 6 months to 10 years
- Suitable for income earned in India
- Joint account and nomination allowed
HDFC NRE RD
- Starts from ₹1,000 per month
- Tenure from 1 year to 10 years
- Designed for NRIs
- Repatriation and joint account facility available
HDFC My Passion Fund
- Flexible deposits with multiple instalments allowed
- Tenure from 6 months to 10 years
- Top-up option available
- No early withdrawal penalty
How to Calculate HDFC Bank RD Interest Rate?
RD interest is calculated using compound interest, where interest is added every quarter. This means your returns grow not just on what you invest, but also on the interest earned over time.
Here is the formula used to calculate the maturity amount:
M = R × [(1 + i)^(n − 1)] / [1 − (1 + i)^(-1/3)]
Where:
M = Maturity amount
R = Monthly deposit amount
n = Number of quarters
i = Rate of interest divided by 400
To find your interest earned, just subtract your total invested amount from the maturity amount.
Let’s understand this with a simple example:
Suppose you invest ₹5,000 every month for 2 years at an interest rate of 7% p.a.
Step 1: Convert tenure into quarters, which will be 8 quarters
Step 2: Apply the formula using the deposit amount and interest rate
Step 3: The maturity amount comes to around ₹1,29,000
Your total investment would be ₹1,20,000, so your interest earned would be around ₹9,000. If you want a quicker way, you can also use an RD calculator to get the result instantly without manual calculation.
Eligibility Criteria and Documents Required for Opening HDFC Bank RD Account
Before opening an RD account, it’s a good idea to check if you’re eligible and keep these required documents ready:
Eligibility
- Resident individuals can open an RD account
- NRIs can open NRE or NRO RD accounts
- HUFs, trusts and societies are eligible to apply
- Companies and institutions can also open RD accounts as per bank rules
Documents Required
- Identity proof such as Aadhaar card, PAN card, passport or driving licence
- Address proof such as Aadhaar card, passport or utility bill
- Recent passport-size photographs for verification
- Bank account details or an existing savings account with the bank
You can also check with the bank once for any additional requirements before applying.
[Source: HDFC RD eligibility and documents: HDFC official website]
How to Open an HDFC Recurring Deposit Account
You can open an HDFC Recurring Deposit account in two simple ways. You can either visit a nearby HDFC branch or use your HDFC Bank Net Banking facility.
Step 1: Visit your nearest HDFC Bank branch or log in to your net banking account
Step 2: Fill in the application form with your details, including the monthly deposit amount and tenure
Step 3: Submit the required documents, such as Aadhaar, passport or any valid ID proof
Step 4: Make the first deposit to start your RD account
Step 5: Once verified, you will receive a passbook or account statement confirming your RD account
Pre-Mature Withdrawal Rules
HDFC Bank offers a pre-mature withdrawal facility for its Recurring Deposit account, but with certain conditions on interest payout.
- In case of pre-mature withdrawal, you won’t receive the full interest amount.
- HDFC Bank allows pre-mature withdrawal of your Recurring Deposit either by visiting the branch or through net banking.
- Only the principal amount, along with partial interest (based on terms), will be credited to your account.
If you already have an HDFC account, just log in with your net banking ID and open an e-RD within minutes. If not, open a savings account first. Once active, you can create your RD online.
HDFC Recurring Deposit rates help you save regularly and earn steady returns. But there can be times when you suddenly need money, whether it’s for medical expenses, home repairs or clearing a loan. Breaking your RD early might not be the best option.
Instead, you can take an Instant Personal Loan from Fibe. You can get up to ₹10 lakhs quickly with an easy online process. Enjoy affordable interest rates and repay the loan conveniently over up to 36 months. There are no extra charges if you want to repay early. Download the Fibe App and get the money you need without affecting your RD savings.
FAQs on HDFC Recurring Deposits
What is the interest rate for HDFC Recurring Deposits in 2026?
The interest rates for HDFC Recurring Deposit in 2026 range from 4.50% p.a. to 7.25% p.a. for general citizens. For senior citizens, the interest rates range from 5.00% p.a. to 7.75% p.a.
Do HDFC Recurring Deposit interest rates change with tenure?
Yes, the interest rates for HDFC Recurring Deposits vary depending on the tenure. Longer tenures typically offer higher interest rates.
What is the minimum deposit required for HDFC RD?
The minimum monthly deposit for an HDFC Recurring Deposit usually starts from ₹500. The exact amount may vary slightly depending on the scheme you choose.
Do senior citizens get higher RD interest rates in HDFC Bank?
Yes, senior citizens usually get slightly higher interest rates compared to regular customers. The additional rate goes up to 0.50% of the base rate.
Can I get a loan against my HDFC RD?
Yes, you can take a loan against your HDFC RD. They offer a percentage of your RD balance as a loan, which can be useful if you need funds without breaking your deposit.