How to Open HDFC RD Account Online 2025

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How to Open HDFC RD Account Through Mobile Banking

5 Steps to Know Opening RD Account Through Mobile Banking:

1. Step 1 - Open the HDFC mobile banking app on your phone.
2. Step 2 - On the menu, under 'SAVE', click on 'Deposits'.
3. Step 3 - Click on 'Open Recurring Deposit'.
4. Step 4 - Fill the form and provide details as asked for.
5. Step 5 - Click on 'Continue'.
6. You will be able to open an RD account with the bank successfully.

Offline:

Visit the nearest HDFC branch along with all the relevant documents. A representative from the bank will help you with the process of opening an RD account. If you do not hold a bank account with the lender, you will be required to open one. You will have to fill the application form and submit it along with all the necessary documents which will then be verified. If all the details and documents submitted are correct, then the bank will authorise your application to open an RD account and will give you a receipt for the same which you must keep safely for future reference.

Through SMS:

You can send the following message via SMS to 5676712 to open an RD account with the bank

1. BOOKRD -  An RD account will be made functional with monthly deposit being Rs.1,000 and tenure being 1 year by default.

1. BOOKRD - You can send this message where you can mention the monthly deposit amount for a default tenure of 1 year. For example, send the message BOOKRD 2000 where you will deposit an amount of Rs.2,000 on a monthly basis.
2. BOOKRD - Send this sms where you can mention the deposit amount and tenure of your choice. For example, BOOKRD 1500 24M means that you will deposit an amount of Rs.1,500 on a monthly basis for a tenure of 24 months.

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FAQs on How to Open HDFC RD Account Online

• What are the eligibility criteria to open HDFC RD account online?

  The eligibility criteria to open HDFC RD account online are applicant should belong to either of the categories, which are resident individual, Hindu Undivided Families, Trust and Societies, and Private and Public Limited Companies. 

• What types of HDFC recurring deposit schemes are available?

  There are mainly three types of HDFC recurring deposit schemes available, such as HDFC Recurring Deposit, HDFC NRE RD scheme, and HDFC Dream Deposit. 

• Is nomination facility available for opening HDFC RD account online?

  Yes, nomination facility is available for opening HDFC RD account online through net banking process. For RDs opened in single person’s name either new nominee or exsiting nominee of the base savings account can be assigned. While for joint holders, the selected nominee should be the same as the base account. 

• Is premature withdrawal facility available for opening HDFC RD account online?

  Yes, premature withdrawal facility is available for opening HDFC RD account online by either visiting the branch or through net banking. But the RD account holder will receive only the principal amount along with partial interest amount. 

• Does the bank deduct TDS from the interest payable?

  Yes, the bank deducts TDS (Tax Deducted at Source) from the interest payable for HDFC RD account. 

• When is the interest paid for HDFC RD?

  The interest for HDFC RD is paid only upon maturity and not on a monthly or quarterly basis. 

• Can I change the installment due date and RD tenure?

  No, you cannot change the installment due date and the RD tenure. Once the standing instruction has been set during opening the RD account regarding installment due date or tenure of the RD, it cannot be changed further. 

• Can we make partial payments on recurring deposits?

  No, you cannot make partial payments on recurring deposits. You have to pay the set amount for the specific tenure to get the interest as mentioned upon maturity of the RD account.