HDFC Bank’s Recurring Deposit (RD) accounts let you save a fixed amount every month and earn interest on those deposits. RDs are ideal for disciplined savers seeking predictable returns. Interest rates on HDFC RDs vary by tenure and by customer category, with separate rates for regular customers and senior citizens.
Below you’ll find the latest HDFC RD rates, key features, eligibility and document requirements, calculation method, and other important details to help you plan your savings effectively.
HDFC Bank Recurring Deposit Scheme Highlights
Key highlights to consider before opening an RD account with HDFC Bank:
| Feature | Details |
|---|---|
| Minimum deposit | ₹500 per month |
| Maximum deposit | Up to ₹2.99 crore per month |
| Minimum tenure | 6 months for residents, 12 months for NRIs |
| Maximum tenure | Up to 10 years |
| General interest rates | Typically range from 4.50% p.a. to 7.25% p.a., depending on tenure |
| Senior citizen interest rates | Typically range from 5.00% p.a. to 7.75% p.a., depending on tenure |
| Fixed monthly amount | Deposit amount remains fixed once selected |
| Missed instalments | Missing six 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 publishes differentiated RD rates for regular and senior citizens. Rates depend on the maturity period you choose. Typical rates for 2026 are shown below:
| Maturity Period | RD Rates for General Citizen | RD Rates for 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
Main features that make HDFC RD a simple way to build savings:
- Monthly deposits start at ₹500 and can go up to ₹2.99 crore.
- Minimum tenure is 6 months for resident individuals and 12 months for NRIs; maximum tenure is 10 years.
- The monthly installment amount, once chosen, cannot be changed mid-tenure.
- Missing six monthly payments consecutively may result in account closure by the bank.
- Partial monthly payments are not accepted; the full installment must be paid each month.
Types of HDFC Bank RD Accounts
HDFC offers several RD variants to suit different customer needs:
HDFC Recurring Deposit
- Minimum ₹500 per month.
- Tenure from 6 months to 10 years.
- Allows limited missed instalments as per bank rules.
- Nomination facility available.
HDFC NRO RD
- Starts from ₹1,000 per month.
- Tenure from 6 months to 10 years.
- Suitable for income earned in India by NRIs.
- Joint accounts and nomination allowed.
HDFC NRE RD
- Starts from ₹1,000 per month.
- Tenure from 1 year to 10 years.
- Designed for NRIs with repatriation benefits.
- Joint account facility available.
HDFC My Passion Fund
- Offers flexible deposits and multiple instalments.
- Tenure from 6 months to 10 years.
- Top-up option available.
- No early withdrawal penalty under specific conditions.
How to Calculate HDFC Bank RD Interest
RD interest is compounded quarterly, so you earn interest on both your deposits and previously earned interest. The bank uses a compound interest formula to determine the maturity amount.
The formula commonly used is:
M = R × [(1 + i)^(n − 1)] / [1 − (1 + i)^(-1/3)]
Where:
M = Maturity amount
R = Monthly deposit amount
n = Number of quarters
i = Annual interest rate divided by 400 (to convert to quarterly rate)
Your interest earned equals the maturity amount minus the total invested amount. For quick results, use an RD calculator available in many banking tools or financial apps.
Example: If you deposit ₹5,000 per month for 2 years (24 months) at 7% p.a., the tenure converts to 8 quarters. Applying the formula yields a maturity amount close to ₹1,29,000, with the invested principal being ₹1,20,000 and interest earned around ₹9,000. This is an illustrative example; exact figures depend on rounding and the bank’s calculation method.
Eligibility and Documents Required to Open an HDFC RD Account
Before applying, confirm your eligibility and have these documents ready to speed up the process.
Eligibility
- Resident individuals can open standard RD accounts.
- NRIs can open NRE or NRO RD accounts as applicable.
- HUFs, trusts and societies may be eligible under bank rules.
- Companies and other institutions can open RDs as permitted by HDFC Bank.
Documents Required
- Identity proof such as Aadhaar, PAN, passport or driving licence.
- Address proof like Aadhaar, passport or a recent utility bill.
- Recent passport-size photograph(s) as requested by the bank.
- Existing bank account details or a new savings account with HDFC Bank for debit instructions.
Check with the bank for any additional or updated documentation requirements before applying.
How to Open an HDFC Recurring Deposit Account
You can open an HDFC RD either by visiting a branch or through HDFC NetBanking. Steps generally include:
Step 1: Visit an HDFC branch or log in to NetBanking.
Step 2: Complete the RD application, specifying the monthly deposit and tenure.
Step 3: Submit identity and address documents as required.
Step 4: Make the first monthly deposit to activate the RD.
Step 5: After verification, you will receive an account confirmation, passbook or statement showing RD details.
Pre-mature Withdrawal Rules
HDFC allows pre-mature withdrawal of RD funds but interest payout is subject to reduced rates and bank terms. Key points:
- Pre-mature withdrawal typically results in lower interest than the contracted rate.
- Withdrawals can be requested at a branch or via NetBanking where e-RD facilities are available.
- Principal is returned along with interest calculated on the reduced rate for the period the RD was active.
If you need funds without closing your RD, banks often permit loans against RD balance as an alternative. Evaluate options carefully before breaking a deposit to avoid reducing your returns.
FAQs on HDFC Recurring Deposits
What are the HDFC RD interest rates in 2026?
For 2026, HDFC’s RD interest rates generally range from 4.50% p.a. to 7.25% p.a. for regular customers, and from 5.00% p.a. to 7.75% p.a. for senior citizens, depending on the chosen tenure.
Do RD interest rates change with tenure?
Yes. RD interest rates vary by tenure; longer tenures often offer higher rates within the bank’s published slabs.
What is the minimum deposit required?
The minimum monthly deposit for HDFC RD is usually ₹500, though certain RD variants may have different minimums.
Do senior citizens receive higher rates?
Senior citizens typically receive a higher interest rate compared with regular customers, often an additional rate up to around 0.50% over the base rate.
Can I take a loan against my RD?
Yes, many banks, including HDFC, offer loans against RD accounts, allowing you to access funds without breaking the deposit. Terms and the percentage of RD value available as loan vary by bank policy.