HDFC Bank RD Interest Rates 2026
Save a fixed amount every month with a HDFC Bank recurring deposit. RD rates go up to 6.45% for regular customers and 6.95% for senior citizens, with instalments from ₹500 (steps of ₹100); ₹1,000 online. India’s largest private-sector bank; merged with parent HDFC Ltd in July 2023.
Rates effective 2025-12-17 (18M slab); 2025-06-25 (15M); 2025-06-10 (others) · Checked 27 September 2026HDFC Bank recurring deposit at a glance
Have a lump sum instead? HDFC Bank FD rates go up to 6.50% →
HDFC Bank RD interest rates
| Tenure | General (p.a.) | Senior citizen (p.a.) |
|---|---|---|
| 6 months | 4.25% | 4.75% |
| 9 months | 5.50% | 6.00% |
| 12 months | 6.25% | 6.75% |
| 15 months | 6.35% | 6.85% |
| 18 months | 6.45% | 6.95% |
| 21 – 36 months | 6.45% | 6.95% |
| 39 – 42 months | 6.40% | 6.90% |
| 117 – 120 months | 6.15% | 6.65% |
Source: www.policybazaar.com. Confirm with the bank before opening.
What your monthly savings will become
| Tenure | Rate (general / senior) | ₹2,000 / month | ₹5,000 / month | ₹10,000 / month |
|---|---|---|---|---|
| 1 year | 6.25% / 6.75% | ₹24,824 | ₹62,060 | ₹1,24,119 |
| 2 years | 6.45% / 6.95% | ₹51,343 | ₹1,28,358 | ₹2,56,716 |
| 3 years | 6.45% / 6.95% | ₹79,586 | ₹1,98,966 | ₹3,97,932 |
| 5 years | — | — | — | — |
General rate, quarterly compounding, before tax. “—” = no published slab for that exact tenure.
HDFC Bank RD calculator
Rules & charges
| Feature | Details |
|---|---|
| Minimum instalment | ₹500 (steps of ₹100); ₹1,000 online |
| Tenure | 6 months – 10 years |
| Missed / late instalment | Interest on daily balances if instalments pending at maturity |
| Premature closure | 1% charge; no interest if closed before lock-in |
| Loan against RD | Usually available up to 80%–90% of the balance |
| Nomination | Up to 4 nominees (from 1 Nov 2025) |
| Deposit insurance | DICGC up to ₹5 lakh per depositor (with other deposits at HDFC Bank) |
Tax on HDFC Bank RD
| Point | Rule |
|---|---|
| Taxability | Interest taxed at slab rate every year |
| TDS | 10% once FD + RD interest from HDFC Bank exceeds ₹50,000 a year (₹1 lakh for 60+); 20% without PAN |
| Avoid TDS | Submit Form 121 (earlier 15G/15H) if your tax is nil |
| Deduction | No 80C; seniors can claim up to ₹50,000 under 80TTB (old regime) |
How to open a HDFC Bank RD
- OnlineNet banking or mobile app → Deposits → Open Recurring Deposit. Choose instalment, tenure, debit date and nominee.
- BranchFill the RD form with KYC and give a standing instruction from your savings account.
- Set auto-debitSchedule the debit a day after salary credit to avoid missed instalments.
Documents
- PAN or Form 60
- Aadhaar / other address proof
- Age proof for senior citizen rate
Compare HDFC Bank with other banks
| Bank | Highest | 1 year | 5 years | Min. instalment |
|---|---|---|---|---|
| Bandhan Bank | 7.25% | 7.00% | 5.85% | Rs 100/month, multiples of Rs 1 |
| YES Bank | 7.00% | 6.65% | 6.75% | Rs 1,000/month |
| IndusInd Bank | 7.00% | 6.75% | 6.65% | ₹1,000 |
| Tamilnad Mercantile Bank | 7.00% | 6.80% | 6.70% | — |
| Dhanlaxmi Bank | 7.00% | 6.25% | 6.50% | Rs 1,000/month, multiples of Rs 500 |
| Saraswat Co-operative Bank | 7.00% | 6.60% | 7.00% | ₹500 |
| South Indian Bank | 6.80% | 6.25% | 5.70% | ₹100 |
| Federal Bank | 6.75% | 6.25% | 6.40% | Rs 50/month, multiples of Rs 10 |
| HDFC Bank | 6.45% | 6.25% | — | ₹500 (steps of ₹100); ₹1,000 online |
Frequently asked questions
What is the highest RD interest rate at HDFC Bank?
HDFC Bank pays up to 6.45% on RDs (18 months) and up to 6.95% to senior citizens (rates effective 2025-12-17 (18M slab); 2025-06-25 (15M); 2025-06-10 (others)).
How much will ₹5,000 a month grow to in a HDFC Bank RD?
In 1 year at 6.25%, ₹60,000 grows to about ₹62,060.
What is the minimum RD instalment at HDFC Bank?
The minimum monthly instalment is ₹500 (steps of ₹100); ₹1,000 online. Tenure: 6 months – 10 years.
What if I miss an instalment?
HDFC Bank: Interest on daily balances if instalments pending at maturity.
Can I close a HDFC Bank RD early?
HDFC Bank: 1% charge; no interest if closed before lock-in.
Is RD interest taxable?
Yes, at your slab rate. TDS of 10% applies when your total FD + RD interest from HDFC Bank exceeds ₹50,000 in a year (₹1 lakh for seniors).
Is my RD safe with HDFC Bank?
RDs are insured by DICGC up to ₹5 lakh per depositor per bank, including interest.
Rates compiled from the bank’s published RD / term-deposit rates for comparison only. FinancePortal is not affiliated with HDFC Bank. Confirm current rates with the bank.