Calculate your HDFC Recurring Deposit returns instantly. Enter your monthly deposit amount, interest rate, and tenure to see how much your HDFC RD will grow with compound interest.
An HDFC RD (Recurring Deposit) calculator is a free online financial tool that helps you estimate the maturity amount and total interest earned on your HDFC Bank Recurring Deposit. It allows you to plan your monthly savings by showing you exactly how much your money will grow over a specific period at HDFC Bank's current interest rates.
HDFC Bank offers one of the most popular Recurring Deposit schemes in India with competitive interest rates and flexible tenure options. The HDFC RD calculator simplifies the complex calculations involved in determining the maturity amount with compound interest.
How Does the HDFC RD Calculator Help?
The HDFC RD calculator uses a compound interest formula to compute the maturity amount based on the variables you enter. It takes three key inputs:
Monthly Deposit (P) — The fixed amount you deposit every month
Interest Rate (r) — The annual interest rate offered by HDFC Bank (currently 7.00% for regular citizens)
Tenure (t) — The duration for which you want to save (6 months to 10 years)
The calculator instantly processes these inputs and displays the total investment, interest earned, and maturity amount along with a visual breakdown through a donut chart.
About HDFC Bank Recurring Deposit
HDFC Bank is India's largest private sector bank and offers a feature-rich Recurring Deposit scheme. Here is a quick snapshot of HDFC RD features:
Feature
Details
Minimum Deposit
₹1,000 per month (Regular RD); ₹500 (Online RD)
Maximum Deposit
No upper limit (in multiples of ₹100)
Tenure Range
6 months to 10 years
Interest Rate (Regular)
7.00% p.a.
Sr. Citizen Benefit
Additional 0.50% (7.50% p.a.)
Compounding
Quarterly
Loan Facility
Available (up to 90% of deposit)
Nomination
Available
TDS
Applicable if interest exceeds ₹40,000 (₹50,000 for senior citizens) per year
HDFC Bank offers both regular RD and online RD accounts. The online RD can be opened through HDFC NetBanking or the HDFC Bank Mobile App with a lower minimum deposit of ₹500. The auto-debit facility ensures your monthly installment is deducted automatically from your HDFC savings account.
HDFC Bank provides flexible tenure options starting from 6 months to 10 years, giving you the freedom to choose a tenure that aligns with your financial goals. Premature withdrawal is allowed with a penalty on the interest rate.
How to Use the HDFC RD Calculator
Using the HDFC RD calculator is simple and takes just a few seconds:
Step 1: Enter the monthly investment amount you wish to deposit (₹100 to ₹1,00,000)
Step 2: Enter the annual interest rate (HDFC Bank currently offers 7.00% for regular citizens)
Step 3: Select the tenure (investment period) from 1 to 10 years
The calculator will instantly display your total investment, interest earned, and maturity amount along with a visual chart showing the breakdown of your deposits vs. returns.
Benefits of HDFC Recurring Deposit
Competitive Interest Rates: HDFC Bank offers some of the best RD rates among private sector banks at 7.00% p.a.
Flexible Tenure: Choose from 6 months to 10 years, offering more flexibility than most banks
Online RD: Open and manage your RD entirely online through NetBanking or Mobile App
DICGC Insurance: Deposits are insured up to ₹5 lakh by DICGC, a subsidiary of RBI
Auto-Debit Facility: Monthly installments are automatically deducted from your HDFC savings account
Loan Against RD: Avail a loan of up to 90% of the deposit amount without breaking the RD
Senior Citizen Benefits: Senior citizens get an additional 0.50% interest rate on HDFC RDs
Why Choose HDFC Bank for Recurring Deposit?
HDFC Bank is India's most valued private sector bank with a strong track record of financial stability and customer service. Here are key reasons to choose HDFC Bank for your RD:
India's Largest Private Bank: HDFC Bank has over 7,800 branches and 19,000+ ATMs across India
Strong Digital Platform: HDFC NetBanking and Mobile App provide seamless online RD management
Higher Rates: HDFC Bank offers competitive interest rates of 7.00% p.a. for regular citizens
Flexible Options: Tenure from 6 months to 10 years with multiple deposit amount options
Reliable Service: Trusted by millions of customers with excellent customer support
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Frequently Asked Questions
HDFC Bank currently offers 7.00% per annum on Recurring Deposits for regular citizens and 7.50% per annum for senior citizens. The interest is compounded quarterly. Rates may vary based on tenure and are subject to change.
For a regular RD at a branch, the minimum monthly installment is ₹1,000. For an online RD opened through NetBanking or the Mobile App, the minimum is ₹500. Amounts should be in multiples of ₹100.
Yes, you can open an HDFC RD online through HDFC NetBanking or the HDFC Bank Mobile App. The online RD offers a lower minimum deposit of ₹500 and auto-debit facility from your HDFC savings account.
Yes, premature withdrawal of HDFC RD is allowed. However, a penalty of 1% is deducted from the applicable interest rate. The interest rate applied will be the rate for the period the deposit has been held, minus the penalty.
HDFC Bank offers Recurring Deposits with flexible tenures ranging from 6 months to 10 years. You can choose any tenure that aligns with your financial goals. The interest rate may vary based on the chosen tenure.
Yes, TDS at 10% is deducted if the total interest earned on all your deposits (FD + RD) with HDFC Bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
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