HDFC Bank RD Calculator

Enter your monthly deposit, an illustrative rate (prefilled near HDFC Bank's indicative RD midpoint), and tenure. The calculator projects total deposits, estimated interest and maturity value so you can compare the discipline of an RD with other savings routes.

Recurring deposit rates at HDFC Bank typically track its FD card rates-indicatively 3.00%-7.25% p.a. as of August 2026, usually with a senior-citizen premium. Verify the exact tenure-wise rate on the bank's official website; rates here are indicative only.

Each monthly instalment earns interest for the period it stays invested, and most banks compound RD interest quarterly. Your first instalment compounds for the full tenure; the last, barely a month-which is why RD returns trail an equivalent lumpsum FD.

Banks typically levy a small late-payment fee per missed month, and repeated misses can lead to the account being discontinued or converted. Set up an auto-debit from your savings account so the habit never depends on memory.

Premature closure is generally allowed with a penalty on the applicable rate for the period actually completed, similar to FDs. Frequent breaking defeats the purpose-pick a monthly amount you can sustain comfortably.

Yes. RD interest is added to your income and taxed at your slab, and TDS applies under Section 194A once interest crosses the notified annual threshold. There is no special tax exemption on RD interest.

Most banks extend the same senior-citizen premium (commonly around 0.50%) to recurring deposits as to FDs. Confirm the current premium on the bank's official rate card.

Through net banking, the mobile app, or any branch-standing instructions automate the monthly debit. For goals longer than 5 years, compare the RD with a mutual fund SIP before locking in.