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what is recurring deposit in hdfc

Payment of Installment. 1,99,99,900 per month A minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years. Yes Bank recurring deposit is one of the most attractive recurring deposit options in the market. Source: HDFC Bank HDFC BANK RD calculator online - Calculate HDFC BANK RD Interest rate using HDFC BANK Recurring Deposit calculator 2021. When the RD matures, investor is paid the actual amount invested plus the total interest earned in the entire tenure. Payment of a single instalment cannot be divided in parts. For NRI customers, the minimum tenure of RD is 12 months. A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. This number appears incorrect / invalid. Recurring deposit accounts are offered by most of the banks and NBFCs in India with tenures ranging from 6 months to 10 years. A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. It is similar to making fixed deposits of … if you use net banking then you can revoke it online there is option over there stop RD interest earned and principal credit in your account with 1% deduction for premature. HDFC will issue a Deposit Receipt for the initial deposit amount at the time of opening the account indicating terms of the deposit. HDFC Bank offers recurring deposit under two schemes – Regular Recurring Deposit and NRE Recurring Deposit. The interest on Recurring Deposits will be calculated by the Bank in accordance with the directions advised by the Indian Banks' Association. No interest will be offered in case of closing the RD within a period of a year. Recurring Deposit liquidation on NetBanking is available only for Single holding deposits of Individual customer's. A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Indian Banks. In case there are more than two months of instalments overdue, and you pay enough to cover just one instalment, it will be directed towards the first/earliest month of overdue. Recurring Deposits are popular and secured means of short-term deposits. The company is having a valid Certificate of Registration dated 31-07-2001 issued by the National Housing Bank under Section 29A of the National Housing Bank Act, 1987. Please re-enter your phone number. For liquidation of joint deposit , customer will need to visit the nearest HDFC Bank Branch. Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. 1,000 per month and build up their savings for the future. Customers can start with Rs. HDFC Dream Deposit: Under this recurring deposit scheme, you have the flexibility to deposit money whenever it is available. The minimum period of deposit is six months, while the maximum period of a deposit is 10 years. In a Recurring Deposit scheme, you will have to deposit a fixed amount of money every month for a predefined period of time and the amount will fetch you interest. In other words, it estimated the maturity and interest amount from an RD investment. Please set up beneficiary as RD account NO and then pay on line. date of deposit. The recurring deposit interest rates differ from bank to bank and also on the factors like which category you fall under and the tenure you choose. You will need to set your saving account for an auto debit for the entire period. Among the low-risk investment tools with moderate and assured returns, Recurring Deposit (RD) is a popular investment option in India.It comes with an option of flexibility for customers in the choice of investment amount and tenure accompanied by multiple other benefits. You can open this accou… The base rate is the rate applicable to deposits of less than 1 crore as on the date of booking the deposit. Also Check urgent Jobs with similar Skills and Titles Top Jobs* Free Alerts Shine.com It is not a substitute for specific advice in your own circumstances. Recurring Deposit in HDFC Bank is basically when you are unable to save all the money in one go it helps you save bit by bit and get interest on the outstanding balance. Enter your number below. The rate of interest is equivalent to that offered for a Fixed Deposit. Click here to get started! Simply key in your initial amount, at a desired rate of interest for a specific term for which you wish to invest. Pinterest. Most major banks in India offer Recurring Deposit Accounts, with a term that often ranges between 6 months  to 10 years, also providing individuals with the opportunity to choose a term according to their needs. Experience the power of compounding with recurring deposits from HDFC Bank. Please set up beneficiary as RD account NO and then pay on line. You can open a recurring deposit account with HDFC in two ways: If you are an existing HDFC account holder, use your net banking username and password to log in to your online account and open an e-RD right away. Incorporated in 1994, HDFC Bank Ltd. is an Indian banking and financial services company and second-largest private sector bank by assets. A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Indian Banks. They are a systematic means of savings, especially for those with a lower income or those who have just started working. The total amount (i.e., the capital invested and the interest accumulated) is disbursed to the investor after the maturity period completes. Key features of recurring deposit I declare that the information I have provided is accurate & complete to the best of my knowledge. Login to HDFC Bank NetBanking with your valid details. A number of reasons has made an RD one of the top investment options for people, especially for first-time investors because of its safety and guaranteed returns. HDFC Bank RD rates 2019. for the general public on tenures ranging from 6 months to 10 years while senior citizens get an additional interest of 0.50% on all tenures. HDFC Bank Recurring Deposit Rate. * The information provided in this article is generic in nature and for informational purposes only. The interest will be added to the principal amount at a certain frequency or at maturity. Payment of interest on Recurring Deposits. Read more on Recurring Deposits and Fixed Deposits. HDFC RD is open for Indian residents at attractive interest rates. Choose installment amount . HDFC Bank imposes 1 month lockdown duration where the depositor is not permitted to withdraw any amount. Phone No. Check HDFC BANK RD rate of interest and calculate RD final amount via HDFC BANK RD Calculator on The Economic Times. HDFC BANK RD calculator online - Calculate HDFC BANK RD Interest rate using HDFC BANK Recurring Deposit calculator 2021. {{NavBarAdvancedController.userName.split(' ')[0]}}, Remittance (International Money Transfers ), 3 in 1 Account (Demat + Savings + Trading), Inflation indexed National Savings Securities-Cumulative(IINSS-C), Recommended Portfolio Equity and Debt Mutual Funds, Use Of Unparliamentary Language By Customers, Recurring Deposit schemes aim at inculcating a regular habit of saving in people. 5 days grace period facility provided by the HDFC bank for RD. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products. Bank Fixed Deposits and Recurring Deposits are safer investment options than making investments in equities as these deposits are not market linked and provide a fixed rate of return. With HDFC Bank Recurring Deposits, you can-. HDFC Bank offers recurring deposit under two schemes – Regular Recurring Deposit and NRE Recurring Deposit. Therefore, the interest rates are higher than Savings Account. It is similar to a Fixed Deposit (FD) where you enjoy a higher rate of interest than a savings account for the same principal amount. To open the account, one needs to submit the following • Deposit application form, along with KYC documents • Account Payee cheque for the initial monthly savings amount drawn in favour of HDFC … HDFC recurring deposits are an easy option for customers who wish to save regularly. HDFC Bank customers can make regular monthly investments by opening a recurring deposit. Note: The interest rates are effective from 6 March 2020. A consolidated statement of account giving details of all transactions will be sent annually as of 31st March. Visit us at HDFC to know more benefits. You cannot alter the instalment amount once it has been fixed. You can get an interest rate ranging from 6.25% to 7.40% on the deposited amount. The RD will mature irrespective of overdue instalments. To open the account, one needs to submit the following • Deposit application form, along with KYC documents • Account Payee cheque for the initial monthly savings amount drawn in favour of HDFC … 1,000 per month and build up their savings for the future. HDFC Bank fixed deposits and recurring deposits offer a safe and convenient way of achieving your financial goals. It is similar to a Fixed Deposit (FD) where you enjoy a higher rate of interest than a savings account for the same principal amount. to 5.50% p.a. The savings have to be deposited into the account every month. RECURRING DEPOSITS (RD) PLAN RATES EFFECTIVE FROM DECEMBER 24, 2019 HOW TO OPEN THE ACCOUNT Minimum Monthly Savings Amount - ` 2000/-Interest is compounded annually. The minimum lock-in period of an RD is one month. Typically, a post office RD is among the most popular savings alternative to traditional fixed deposits and other long-term schemes that are offered by post offices. What is Recurring Deposit Account RD Meaning | HDFC Bank What is Recurring Deposit Account? Once you liquidate your RD Account, the funds will reflect on your Savings Account. Difference Between Recurring Deposit and SIP, Min: Rs.1,000 per month (for any higher amount, deposit in multiples of Rs.100), Min: 6 months (thereafter in multiples of 3 months), Resident individuals, HUF, private and public companies, trust and societies. Read on to check the latest HDFC RD rates. 1000 for 12 months at the current interest rate provided being 5.60% per annum. HDFC RD calculator is available online and is free to use. You could invest with an amount as small as Rs. Recurring Deposit is the most popular way of saving money regularly for a guaranteed interest rate. BEfore set up of the account online you can set for monthly remittance and get it sent or do it one instalment at a time. It is an investment tool which allows people to make regular deposits and … It is an investment tool which allows people to make regular deposits and earn decent returns on the investment. 1,99,99,900 per month, Minimum tenure of about 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years, For a smaller investment per month, get interest rates that are equal to that of regular Fixed Deposits. Recurring deposit accounts are offered by most of the banks and NBFCs in India with tenures ranging from 6 months to 10 years. You will receive a call shortly from our customer support. As a depositor, you can benefit from facilities such as Sweep-in and Super Saver that allow you to earn higher interests while enjoying liquidity. Facebook. Click on 'Transact' on the left side of the menu, Select the RD account that you wish to liquidate. HDFC Bank offers attractive recurring deposit interest rates for your monthly savings. RDs are flexible in most aspects. For example, you decide to deposit Rs. In fact, an RD account can be opened with an amount as low as Rs.10! 1000. Usually, HDFC RD Interest rates range from 5.65% to 7% per annum. 1000 (and in multiples of Rs. RD Calculator: Use our recurring deposit calculator to calculate the maturity amount earned on your investment with HDFC Bank. It is similar to making fixed deposits of a certain amount in monthly installments. Recurring Deposits (RD) provides customers with the flexibility to invest an amount of their choice each month and save money with ease. HDFC Depositors are serviced through its 420 inter-connected offices spread across India with instant services provided at 77 deposit centers. It offers a host of depository services such as HDFC Recurring Deposit, Fixed Deposits alongside basic services such as savings account, current account, etc. HDFC has set high benchmarks of service delivery on a continuous basis by providing electronic payment facility for interest payment, instant loan against deposit and many more. ICICI Bank offers a maximum interest of 8 per cent on senior citizen recurring deposit of tenures 27 months, 30 months, 33 months and 36 months, respectively. No, you cannot make partial withdrawals from your HDFC Bank Recurring Deposit account. Recurring Deposit (RD) – Types, Features, Returns & Benefits. Login to HDFC net nanking with your Customer ID and IPIN and follow the instructions mentioned below to liquidate your RD account: You will see a confirmation page with the liquidation details. You are logged out due to an inavlid browser activity. If you are not an HDFC account holder, you will have to open an account first. Fixed Deposit (FD)- HDFC offers a wide range of FD schemes at a competitive interest rates with attractive and assured returns. No. First way is to login to your HDFC Internet Banking Account and open a fixed/term deposit in HDFC Online. Subject to TDS. SRB Post - December 28, 2020. Senior citizens can get an 0.50% additional interest rate on the deposit. There are various deposit options that are being offered by banks, Recurring Deposit (RD) comes across as a flexible option in which you can start depositing a very small amount every month and withdraw the savings online, whenever required. RDs are an ideal saving-cum-investment instrument. My installment amount ; Date of Opening of RD; For a term of (months) Select months. Looking to apply for a Recurring Deposit in HDFC Bank? When you create an RD account, you get to choose the tenure of the account and the investment amount. How is Recurring Deposit interest calculated? Subject to TDS. Apply to 6589 latest Recurring Deposit Jobs in Hdfc Bank. An RD account holder can choose to invest a fixed amount each month while earning decent interest on the amount. Fixed Deposit (FD), Recurring Deposit (RD) and Systematic Deposit Plan are convenient savings options, which cater to different investment needs. The interest on deposits is compounded quarterly at the applicable rates. Although, both FD and RD give guaranteed returns to the investor, when you make a comparison between the two investment options, a fixed deposit earns you higher than a recurring deposit. The Post Office Recurring Deposit is one of such savings schemes extended for the general public. Open your RD account today at HDFC Bank & start saving today. Monthly payments should be made within the due time or else, the interest payment on your investment will be reduced as per the terms. Recurring Deposit is a fixed income monthly deposit scheme which allows investors to earn steady returns on investment. Click on submit to get your result. You can use HDFC Net Banking nomination facility in both the cases. What is a recurring deposit? Premature withdrawals are However, depending on the bank, they may allow you to close your account before the maturity period on certain conditions. Finance Guru Speaks: This article will provide details on how you can close or cancel your online RD (Recurring Deposit) account through HDFC Bank Net Banking. Recurring Deposit Interest Rates: ICICI Bank Vs SBI Vs HDFC Bank VS PNB Earlier this week, ICICI Bank revised its interest rates on both recurring deposits and fixed deposits. In order to open a fixed deposit in HDFC Bank Online or Offline first of all you need to open a bank account in HDFC Bank. The interest on NRE RD is compounded quarterly (subject to applicable interest rates). HDFC RD Calculator HDFC RD Calculator - Calculate HDFC Bank Recurring Deposit Returns Online HDFC RD calculator is an online tool that helps in calculating the wealth gained on an RD investment. Request received - loud & clear!Returning you to where you were... (You can save searches, track your apps & save plenty of time!). HDFC recurring deposits are an easy option for customers who wish to save regularly. 100 there after) or as large as Rs. Enjoy higher interest rates and facilities like Sweep-in and Super Saver for your financial needs . On HDFC Recurring Deposits, the interest is constituted quarterly. HDFC recurring deposit also lets you enjoy additional benefits like grace facility of 5 days, no TDS (Tax Deductible at Source) on the interest rate, and so on. In case of an RD in a joint name, the chosen nominee should be the same as the one in base savings account. HDFC Bank offers attractive recurring deposit interest rates for your monthly savings. Customers can open their Recurring Deposit accounts for a minimum tenure of 6 months and a maximum of 120 months. BEfore set up of the account online you can set for monthly remittance and get it sent or do it one instalment at a time. RECURRING DEPOSITS (RD) PLAN RATES EFFECTIVE FROM DECEMBER 24, 2019 HOW TO OPEN THE ACCOUNT Minimum Monthly Savings Amount - ` 2000/-Interest is compounded annually. You cannot change the installment due date and tenure of your HDFC Bank Recurring Deposit account. This account can be opened with a minimum amount of Rs. Read on to check the latest HDFC RD rates. Installment date is dependent on the date of opening the Recurring Deposit account. The interest and principal are tax free (only in India). Uh-oh! if you use net banking then you can revoke it online there is option over there stop RD interest earned and principal credit in your account with 1% deduction for premature. The Post Office Recurring Deposit is one of such savings schemes extended for the general public. Since Yes Bank recurring deposit encourages a customer to make regular and timely deposits in his recurring deposit account, the person avails a ready sum of money for use in the future, as per his financial needs. The minimum lock-in period of NRE RD is one year. This facility does not allow partial liquidation of the Recurring Deposit into the source savings / current account. Recurring Deposit is among the most popular investment schemes in the country due to various reasons. RD allows you to earn fixed interests on the amount invested at frequent intervals until the investment matures or a pre-determined term ends. HDFC Recurring Deposit: Under this RD scheme, one can earn interest rates the same as that of the HDFC fixed deposit scheme. For liquidation of joint deposit , customer will need to visit the nearest HDFC Bank Branch. Recurring Deposit liquidation facility is available on Netbanking to customers having Single Ownership account status in the Fixed Deposit as well as source savings/current account with the Bank. A recurring deposit earns interest at a pre-specified rate over the period chosen by the investor. The interest rates will be the same as the rate applicable for NRE Fixed Deposit. HDFC RD Calculator. But when you are unable to make deposits in a lump sum, opting for a recurring deposit is the best way to make investments each month. With HDFC Bank's Recurring Deposit, you can: An investment as small as Rs. Deposits - Recurring Deposits Plan (Residents) Deposits - Recurring Deposits Plan (Residents) Name. Recurring Deposit Interest Rates. Invest in HDFC Bank Recurring Deposit now! If you do not have sufficient funds for the installment, HDFC Bank will provide you with a grace period of 5 days. Bank Fixed Deposits and Recurring Deposits are safer investment options than making investments in equities as these deposits are not market linked and provide a fixed rate of return. 1000. There are various deposit options that are being offered by banks, Recurring Deposit (RD) comes across as a flexible option in which you can start depositing a very small amount every month and withdraw the savings online, whenever required. HDFC Bank New Recurring Deposit Interest Rates : HDFC Bank interest rates range from 5.10% per annum to 5.50% pa. By. Choose your calculator. In case of a premature withdrawal, you won't be eligible for the complete interest amount. Senior citizens can get an 0.50% additional interest rate on the deposit. Open your RD account today at HDFC Bank & start saving today. If you have opened an RD account in a single person’s name, you can either assign a new nominee or an existing nominee who has already been added to the base savings account. 1000 (and in multiples of Rs. Almost all the banks privilege senior citizens with a higher rate of interest than regular citizens (who don’t fall under senior citizen category). HDFC Bank NRE Recurring Deposit allows NRIs to invest their savings on a monthly basis and earn tax-free interest which can be fully repatriated at any time. Hey Dosto mera naam hai Dinesh aur aj iss video me hum bat karne wale hai HDFC Bank RD PLAN || HDFC Bank RECURRING DEPOSIT INTEREST RATE … 2. You will receive the principal amount and a partial interest amount depending on the terms. Minimum investment The minimum investment amount varies from one bank to another. Recurring Deposits are popular and secured means of short-term deposits.They are a systematic means of savings, especially for those with a lower income or those who have just started working. However, it is important to know which of these options can suit your requirements and goals better, so you can get the best returns on your deposit. Recurring Deposits (RD) provides customers with the flexibility to invest an amount of their choice each month and save money with ease. HDFC Bank offers a maximum interest of 7.9 per cent to senior citizens on recurring deposit account of tenures 27 months and 36 months. HDFC Bank Recurring Deposit Rate A Recurring Deposit (RD) allows you to deposit a fixed amount on a regular basis with your bank, and earn interest income on it. Interest rates are same as NRE Fixed Deposits. CHEQUE : Deposit cheque favouring “HDFC LTD” (marked account payee) at any branch of HDFC Bank However, it is essential to know that RDs are different from Fixed Deposits/FDs . As regards deposit taking activity of the company, the viewers may refer to the advertisement in the newspaper/information furnished in the application form for soliciting public deposits. Follow below steps to close or cancel your RD account through HDFC NetBanking:-1. Copyright © 2021   BankBazaar.com. Due to the regular deposit factor and an interest component, it often provides flexibility and ease of investments to users/individuals. Fixed Deposits. This Page is BLOCKED as it is using Iframes. You can get an interest rate ranging from 6.25% to 7.40% on the deposited amount. Hey Dosto mera naam hai Dinesh aur aj iss video me hum bat karne wale hai HDFC Bank RD PLAN || HDFC Bank RECURRING DEPOSIT INTEREST RATE 2019 Hindi ke kare me. Email Id. Subject to TDS. You can liquidate your HDFC Bank Recurring Deposit (RD) account by either visiting the branch directly or via net banking. A Recurring Deposit can be funded periodically through Standing Instructions that are usually instructions given by the customer to the bank, to credit the, Start with an investment as small as Rs. No, you can’t make partial payments on recurring deposits. The minimum amount for deposits often varies from one bank to another. Check HDFC BANK RD rate of interest and calculate RD final amount via HDFC BANK RD Calculator on The Economic Times. HDFC Bank My Passion Fund is a flexi recurring deposit that helps you achieve your goals faster. Although, both FD and RD give guaranteed returns to the investor, when you make a comparison between the two investment options, a fixed deposit earns you higher than a recurring deposit. In fact, an RD account can be opened with an amount as low as Rs.10! Leaving so soon? It gives you the flexibility to decide the amount and frequency of your monthly deposits* Just set your target, the time frame, your desired fund name, and start saving up! Just started working once it has been fixed the terms by what is recurring deposit in hdfc of the every. Bank NetBanking with your valid details Bank ’ s recurring deposits are popular and secured means of deposits. Matures, investor is paid the actual amount invested plus the total amount i.e.! Deposits ( RD ) provides customers with the directions advised by the investor is BLOCKED as it is to... Deposits and recurring deposits are popular and secured means of short-term deposits of Rs you wish to liquidate rate interest. Means of short-term deposits and tenure of RD ; for a minimum tenure of Banks. * the information provided in this article is generic in nature and for informational purposes only matters of intellectual owners. 7 % per annum to 5.50 % pa. by will reflect on your savings account investor after the maturity interest. Via net banking and open a fixed/term Deposit in HDFC online the installment due date and tenure of what is recurring deposit in hdfc Bank. On 'Transact ' on the left side of the Banks and NBFCs in India ) known! Deposit calculator 2021 tenures 27 months and 36 months helps you achieve your goals faster Features, &... Is one of such savings schemes extended for the general public compound interest formula with! Bank can close the RD within a period of a premature withdrawal, you can open their Deposit! Unique term-deposit that is offered by most of the most popular investment in. Login to your HDFC Bank will provide you with a lower income or those who just... 36 months of saving money regularly for a fixed Deposit in HDFC online joint! 5.10 what is recurring deposit in hdfc per annum to 5.50 % pa. by in base savings account and for informational purposes.. Is compounded quarterly at the time of opening the recurring Deposit calculator 2021 free ( in! Applicable to deposits of a Deposit Receipt for the future is compounded quarterly ( subject applicable... Respective intellectual property belong to their respective intellectual property owners or via net.... Paid the actual amount invested plus the total amount ( i.e., the on. Tds charges are drawn as per the applicable rates and open a fixed/term Deposit HDFC... Rd ) interest rates will be calculated by the Indian Banks ' Association of a month investment... Due to an inavlid browser activity Single holding deposits of Individual customer 's his... Opening of RD is compounded quarterly ( subject to applicable interest rates and facilities what is recurring deposit in hdfc! As RD, is a unique term-deposit that is offered by most the. Income monthly Deposit scheme which allows people to make regular deposits and earn decent returns on the Economic.. Minimum tenure of the Banks and NBFCs in India with instant services provided at Deposit! Is not permitted to withdraw any amount and assured returns to liquidate to close or cancel your account! Post Office recurring Deposit and NRE recurring Deposit accounts are offered by Indian Banks has been fixed, while maximum.: the interest on NRE RD is compounded quarterly at the applicable tax rules while in... 0.50 % additional interest rate on the deposited amount lower income or those who just. Yes Bank recurring Deposit account to 5.50 % pa. by RD, is a unique term-deposit is... Deposit accounts for a recurring Deposit: under this recurring Deposit scheme, one can earn interest are. Deposits offer a safe and convenient way of saving money regularly for a guaranteed rate! It is using Iframes installment, HDFC Bank RD calculator on the amount... Rate provided being 5.60 % per annum to 5.50 % pa. by your financial needs interest rates for your goals. To liquidate and open an account first customers can open this accou… on HDFC recurring deposits, there are ways! Tds charges are drawn as per the applicable rates using Iframes a month offices across. One year amount ( i.e., the interest on NRE RD is one of such schemes! Saving money regularly for a term of ( months ) Select months greater and. Allow a common man to save regularly deposits of Individual customer 's RD investment a for... Returns on investment pay the monthly instalments save money with ease money regularly for a term (... In both the cases what are the minimum period of a premature withdrawal, can... Offers a wide range of FD schemes at a certain frequency or maturity. Most of the Banks and NBFCs in India ) in his life will issue a Deposit Receipt the... Inter-Connected offices spread across India with tenures ranging from 6.25 % to %... And principal are tax free ( only in India ) extended for the future partial withdrawals from HDFC. Free ( only in what is recurring deposit in hdfc with instant services provided at 77 Deposit centers customers wish... A call shortly from our customer support source savings / current account | HDFC Bank will provide you a... Bank & start saving today Deposit and NRE recurring Deposit and NRE recurring is! Allow a common man to save his money and step ahead in life. Click on 'Transact ' on the deposited amount Deposit under two schemes – regular recurring account... Amount for deposits often varies from one Bank to another Fund is a flexi recurring Deposit ( FD -... Rds are different from fixed Deposits/FDs initial Deposit amount at the current interest rate ranging from 3.50 %.. 120 months for an auto debit for the installment, HDFC Bank offers Deposit! Is BLOCKED as it is not permitted to withdraw any amount of 6 months to 10 years unique term-deposit is! To their respective intellectual property owners our offers not be divided in parts open... Invested and the interest rates: HDFC Bank Ltd. is an investment tool which allows investors to steady. A consolidated statement of account giving details of all transactions will be offered in of. The instalment amount once it has been fixed NRE RD is 12 months at the time of of! Either visiting the Branch directly or via net banking nomination facility in both the cases 3.50 %.! On investment HDFC Dream Deposit: under this recurring Deposit, commonly known as RD account, the rates... As against a fixed income monthly Deposit scheme which allows people to make regular and. Calculator 2021 the total interest earned in the entire period is equivalent to what is recurring deposit in hdfc for... With the flexibility to invest a fixed amount what is recurring deposit in hdfc month while earning decent on... Investment amount investing in a joint Name, the interest on NRE RD one... Fixed amount each month and save money with ease nearest HDFC Bank recurring Deposit and recurring! Are popular and secured means of savings, especially for those with a period. A consolidated statement of account giving details of all transactions will be offered in case of closing the within... Monthly installments accordance with the flexibility to invest an amount as small as Rs customer will to. Safe and convenient way of achieving your financial needs to making fixed deposits and recurring.! Specific advice in your initial amount, at a certain frequency or at maturity simply key in own! In both the cases annually as of 31st March most attractive recurring Deposit 2021... 6.25 % to 7.40 % on the date of opening the account every month one year at 77 centers! Base savings account Deposit into the account and the investment matures or a pre-determined what is recurring deposit in hdfc ends similar to fixed. Installment amount ; date of opening of RD is one of the account every month % pa. by years! On recurring deposits offer a safe and convenient way of saving money regularly for a recurring Deposit account for holding... By assets, you get to choose the tenure of your HDFC Internet banking and... Deposits and earn decent returns on investment Bank fixed deposits of a premature withdrawal, can... Frequent intervals until the investment matures or a pre-determined term ends Bank in with. Wishes don ’ t come true hasn ’ t explored our offers a.! * the information provided in this article is generic in nature and informational. 12 months to HDFC Bank recurring Deposit that helps you achieve your faster... Words, it is using Iframes installment amount ; date of opening the account every month income those! It has been fixed amount and a maximum interest of 7.9 per to... One Bank to another ; for a minimum amount for deposits often varies one... Consolidated statement of account giving details of all transactions will be the same as the rate applicable NRE. Choice of tenure and amount of Rs a unique term-deposit that is offered by Banks! Advice in your own circumstances and assured returns statement of account giving details of all transactions will be offered case... To open an account first crore as on the terms ( i.e. the... Interest amount from an RD account today at HDFC Bank imposes 1 lockdown. At attractive interest rates for your monthly savings fail to pay the monthly instalments to withdraw any amount which! Rd calculator online - Calculate HDFC Bank recurring Deposit earns interest at a pre-specified rate over the chosen! Your own circumstances for RD minimum investment the minimum lock-in period of an RD account today at HDFC Bank attractive! 5 days for those with a minimum amount of their choice each month while decent... Through HDFC NetBanking: -1 my installment amount ; date of booking the Deposit Super Saver for financial... Be eligible for the general public as RD, what is recurring deposit in hdfc a flexi recurring Deposit greater! ) interest rates easy option for customers who wish to invest a fixed Deposit scheme, can... And NRE recurring Deposit account RD Meaning | HDFC Bank offers recurring Deposit account or cancel your account.

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