HDFC Bank RD Calculator

HDFC Bank Recurring Deposits Explained

This HDFC RD calculator applies the quarterly compounding HDFC Bank uses on each instalment, so the maturity figure above matches the bank’s own working. HDFC Bank offers recurring deposits from six months to ten years, a shorter entry point than most public sector banks, which start at twelve. The instalment is collected by standing instruction from your HDFC savings or current account, and the whole account can be opened through NetBanking or the MobileBanking app if you already bank with HDFC — including the standing instruction, which is set in the same flow.

HDFC Bank RD Schemes You Can Open

HDFC keeps its recurring range narrow, so the decision is mostly about tenure, goal and who holds the account:

• •HDFC Recurring Deposit — The standard product, with tenures from six months upward and a low minimum monthly instalment, opened instantly through NetBanking for existing customers.
• •HDFC Dream Deposit — A goal-linked recurring deposit aimed at savers putting money aside for a named target, with a lower entry instalment than the standard RD.
• •Senior Citizen Recurring Deposit — The same structure carrying the additional rate benefit HDFC extends to resident depositors aged 60 and above, applied across eligible tenures.

Missed Instalments and Early Closure at HDFC Bank

HDFC charges a penalty for each month an instalment is missed, recovered when the account is regularised or netted off at maturity. Premature closure is allowed once the deposit has completed its minimum period; the payout is recomputed at the rate that applied to the period actually served, less a penalty on that rate. Because the debit runs on a standing instruction, the usual cause of a missed instalment is an insufficient balance in the linked account on the due date rather than a deliberate skip.

How to Check HDFC Bank RD Interest Rates

RD rates change with RBI policy and each bank's own treasury decisions, so no figure is quoted on this page. Take the rate applicable to your tenure from HDFC NetBanking, MobileBanking app, or nearest branch, then enter it above alongside your monthly instalment to see the exact maturity value.

What Is Specific to an HDFC Bank RD

• •The six-month minimum tenure is the shortest among the large private banks, which suits a short goal that a lump-sum deposit cannot cover.
• •The instalment date follows the standing instruction on the linked account and can be set to any date in the month rather than a fixed cycle date.
• •Account opening, maturity instructions and premature closure are all handled in NetBanking or the app, with no branch visit at either end.
• •A sweep-in facility or an overdraft against the accumulated balance is available on eligible accounts, which avoids breaking the deposit for a short cash need.

Take the rate HDFC currently quotes for your tenure and enter it above to see the exact maturity amount and how the interest accrues year by year.

To compare this against another lender, or against a lump-sum deposit, use the master RD calculator or the fixed deposit calculator.