In case the existing/savings account is not maintained, the TDS will be retrieved from the RD interest earned. TDS will be recovered from the current/savings account linked with the RD account. Tax will be deducted at source (TDS) when the interest earned on FDs and RDs throughout a financial year across all the branches of the bank exceeds Rs.40,000 (Rs.50,000 for senior citizens). Tax Benefits on HDFC Bank Recurring Deposit Premature withdrawal charges may/may not be applicable based on the scheme.īasic Eligibility Criteria for HDFC Bank RD.The bank uses the Actual/Actual Quarterly Compounding method to calculate interest.The interest is calculated from the date of receiving the instalment.Get interest rates equivalent to that of a regular FD account with a much smaller investment per month.The minimum lock-in period for RD accounts is one month.The maximum tenure for an RD account is 10 years.The minimum tenure to open an RD account is six months and in multiples of three months thereafter.Invest a sum convenient for you, ranging from Rs.1,000 up to Rs.1,99,99,900 per month.

HDFC Bank RD Special Features and Benefits The minimum investment sum is Rs.1,000 per month, and the minimum tenure is six months.

The minimum top-up value is Rs.1,000 per month. You can deposit money in the account up to three times per month and the maximum top-up allowed can be twice the instalment amount. The scheme allows you to name your deposit after the passion you are saving up for. This is a flexible recurring deposit scheme where the deposit amount and frequency of your monthly deposit payments can be set at your convenience. The maturity amount will be the sum of the principal invested and the interest. The minimum sum you can deposit per month is Rs.1,000 and in multiples of Rs.100 thereafter. In addition to capital security, you can earn a reasonable interest rate on the deposit. This is a regular RD scheme where you designate a sum to be paid to the account every month for a pre-specified number of months. *Interest rates are subject to change from time to time. Interest Rate for NRIs (% p.a.)* < 1 Crore Interest Rate for Senior Citizens (% p.a.)* Interest Rate for Regular Customers (% p.a.)* Recurring Deposit Interest Rates 2022 of HDFC Bank RD Tenure

Hdfc recurring deposit interest