How to Open Your HDFC Bank RD Account Online in 2025

Steps to Open an Recurring Deposit Account Online 

1. Step  1 - Login to your Net Banking account
2. Step  2 - Click on the 'Accounts' tab
3. Step  3 - Click on the 'Transact' option on the left side of the menu
4. Step  4 - Choose 'Open Recurring Deposit'
5. Step  5 - Select the account and branch details
6. Step  6 - Provide the amount that you wish to invest
7. Step 7 - Choose the deposit duration
8. Step  8 - RD Maturity Instructions' allows you choose mode of remittance
9. Step  9 - Provide nominee details
10. Step 10 - Click on 'Continue' to verify the details
11. Step 11 - Confirm to download the Recurring Deposit Advice

Currently, HDFC Bank offers Regular Recurring Deposit as well as NRE Recurring Deposit.

Features and Benefits of Opening an HDFC RD Account Online

The process of opening an RD account with HDFC Bank is simple and easy

1. Once you have opened the RD account with the desired values, you won't be able to change the investment amount or the tenure.
2. You can count on HDFC Bank for competitive interest rate ranging from 5.75% to a maximum of 6.90% for an RD account.
3. The senior citizens have the privilege to earn an additional interest rate of 0.50%.

1. The installments will get debited from your savings account that has been used to create the RD account.
2. Additionally, the interest earned on your RD account is TDS free.
3. While creating the RD account, you are provided with options to either add a new nominee or select the nominee that is listed in your savings account.
4. If the RD is a joint account, the nominee is selected from the savings account only.

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With HDFC Bank Recurring Deposit, you can start investing as low as Rs.1000 per month and earn interest rates that are similar to an FD account. This is a unique and special term deposit that helps people with regular incomes to save money every month while earning interest as well.

If you are curious to know how much HDFC rd interest rate you can earn with your investment plan, you can use the RD calculator provided by the Bank. If you need to liquidate your RD account prematurely, you will not be eligible for the complete interest benefits.

Moreover, the process of liquidating the RD account is as simple as opening it. Please visit the bank's website for more information. You can also contact the branch or the customer service team to obtain more details about the HDFC Recurring Deposit accounts.

RD Article Pages

1. Recurring Deposit Calculator
2. How to Open a Recurring Deposit Online?
3. Know About Flexi Recurring Deposit Schemes
4. Major Differences Between Recurring Deposit and Fixed Deposit
5. Comparison Between Recurring Deposit and Chit Fund
6. RD Interest Rates
7. How to Open Recurring Deposit in SBI Online
8. Monthly Recurring Deposit
9. SBI Flexi Deposit Scheme
10. PNB Swechha Jama Yojna Flexi Recurring Deposit
11. Bank of India Star Flexi-Recurring Deposit
12. Baroda Samriddhi Half Yearly RD scheme
13. Canara Dhanvarsha Flexi Recurring Deposit Scheme
14. Union Bank Cumulative Recurring Deposit Scheme
15. Union Monthly Plus Recurring Deposit Scheme
16. Indian Bank Swarna Nidhi Recurring Deposit Scheme
17. Difference Between LIC and Recurring Deposit
18. Indian Bank Variable Recurring Deposit Scheme
19. Baroda Samriddhi Quarterly Recurring Deposit
20. PNB Special Recurring Deposit Scheme
21. PNB Lakhpati Deposit Scheme
22. Bank of Baroda Yatha Shakti Jama Yojana Scheme

RD Interest Rates by Banks

1. Uco Bank RD Interest Rates
2. Central Bank RD Interest Rates
3. Federal Bank RD Interest Rates
4. Indian Bank RD Interest Rates
5. Kotak Mahindra RD Interest Rates
6. IOB RD Interest Rates
7. Citybank RD Interest Rates
8. Indusind Bank RD Interest Rates
9. BOM RD Interest Rates

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FAQs: Opening an RD Account via HDFC Net Banking

• What is the minimum and maximum duration for an RD account with HDFC Bank?

  HDFC Bank allows you to open an RD account for a minimum duration of six months and a maximum duration of ten years. 

• How can I open an RD account with HDFC Bank through Net Banking?

  To open an RD account through HDFC Net Banking, login, go to 'Accounts,' select 'Transact,' and choose 'Open Recurring Deposit.' Provide necessary details, set RD instructions and nominee information, verify accuracy, and confirm for the Recurring Deposit Advice download. This streamlined process ensures easy RD account opening via HDFC Net Banking.

• What are the features and benefits of opening an HDFC RD account online?

  The HDFC Bank Recurring Deposit (RD) account offers a range of user-friendly features and benefits. With an uncomplicated account opening process, investors can enjoy competitive interest rates from 5.75% p.a. to 6.90% p.a., with an additional 0.50% p.a. for senior citizens. The convenience of automatic instalment debiting and exemption from Tax Deducted at Source (TDS) adds to the appeal. The RD account creation process also allows for nominee selection and starts with a modest monthly investment of Rs. 1000, making it accessible and flexible. 

• Can I change the investment amount or tenure once I have opened an RD account with HDFC Bank?

  No, once you have opened an RD account with HDFC Bank, you cannot change the investment amount or tenure. It offers a fixed investment plan. 

• How can I calculate the HDFC RD interest rate for my investment plan?

  How can I calculate the HDFC RD interest rate for my investment plan?

• When will HDFC RD interest be paid?

  An RD account's interest is only paid out at maturity. No interest is paid on a monthly or quarterly basis. 

• Does the bank take TDS out of the amount owed on interest?

  Yes, if the interest amount in a calendar year exceeds Rs. 40,000 (Rs. 50,000 for senior persons), TDS is withheld. 

• Is it possible to modify the RD tenure and installment due date?

  No, it is not possible to modify the tenure or the date of the installment. 

• Would it be feasible for my account to be damaged if I missed a payment?

  The bank has the power to close your RD account if you don't make your regular installment payments or if at least six installments are past due. These accounts have interest rates that are similar to the bank's early withdrawal fees. 

• Is it possible to make partial payments on HDFC recurring deposit?

  No, partial payment is not expected on HDFC recurring deposit. 

• What is the highest HDFC Bank RD rate?

  Interest rate offered at 7.10% for a tenure of one year three months by HDFC Bank. 

• Are partial instalments allowed?

  No, partial instalments are not allowed, and the installments are to be made every month in full.

• Can I convert my maturing recurring deposit into a fixed deposit?

  Yes, you can convert recurring deposit into a fixed deposit during the time of booking the RD. 

• What is the tenure for opening an HDFC Bank recurring deposit?

  HDFC Bank RD can be open for a minimum tenure of six months while it can go up to 120 months. 

• Are non-individual Indians residents allowed to open an HDFC Bank recurring deposit?

  Yes, HDFC Bank RD is available to companies (private & public) as well as trusts and societies too. 

• Is there a lock-in period for the HDFC RD scheme?

  Yes, there is a lock-in period of HDFC RD scheme of at least one month and no interest shall be offered in case the depositors close the account prematurely within one month. 

• What are the different types of HDFC recurring schemes?

  The different types of HDFC RD schemes offered to the citizens of India are HDFC Dream Deposit, HDFC Recurring Deposit, and HDFCNRE RD schemes. 

• Is there a nomination facility offered under HDFC RD scheme?

  Yes, HDFC bank offers a nomination facility offered under the RD scheme for single accountholders and joint holders. 

• Is it possible that my account would be harmed if I fall behind on my payments?

  If you fail to pay your installments on a regular basis, or if a minimum of six installments falls behind, the bank reserves the right to shut your RD account. The interest rate on such accounts is comparable to the bank’s early withdrawal policy. 

• Does the bank deduct TDS from the interest payable?

  Yes, TDS is deducted if the interest amount exceeds Rs. 40,000 (Rs. 50,000 for senior citizens) in a calendar year. 

• Can I change the installment due date and RD tenure?

  No. The installment due date and the tenure cannot be changed.