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How to Open a Recurring Deposit Account Through HDFC NetBanking

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HDFC Bank allows you to make a small investment every month for which you can earn an excellent interest rate. A Recurring Deposit, unlike the Fixed Deposit (FD) account that is an investment of lump sum amount, offers the flexibility of paying as low as Rs.1000 to as much as Rs.14,99,900 per month. You can open an RD account ranging from a minimum of 6 months to a maximum of 10 years. When the account reaches maturity, you will get the complete deposited amount along with the interest. If you are looking to open an RD account with HDFC Bank, you need to be a registered user for the NetBanking services. You can login to your account using the Customer ID and PIN.

RD through HDFC NetBanking

Steps to Open An RD Account Online:

  • Login to your NetBanking account
  • Click on the 'Accounts' tab
  • Click on the 'Transact' option on the left side of the menu
  • Choose 'Open Recurring Deposit’
  • Select the account and branch details
  • Provide the amount that you wish to invest
  • Choose the deposit duration
  • ‘RD Maturity Instructions’ allows you choose mode of remittance
  • Provide nominee details
  • Click on ‘Continue’ to verify the details
  • Confirm to download the Recurring Deposit Advice

Currently, HDFC Bank offers Regular Recurring Deposit as well as NRE Recurring Deposit.

Features and Benefits of Opening HDFC RD Account Online:

The process of opening an RD account with HDFC Bank is simple and easy.

  • Once you have opened the RD account with the desired values, you won’t be able to change the investment amount or the tenure.
  • You can count on HDFC Bank for competitive interest rate ranging from 5.75% to a maximum of 6.90% for an RD account.
  • The senior citizens have the privilege to earn an additional interest rate of 0.50%.
  • The installments will get debited from your savings account that has been used to create the RD account.
  • Additionally, the interest earned on your RD account is TDS free.
  • While creating the RD account, you are provided with options to either add a new nominee or select the nominee that is listed in your savings account.
  • If the RD is a joint account, the nominee is selected from the savings account only.

With HDFC Bank Recurring Deposit, you can start investing as low as Rs.1000 per month and earn interest rates that are similar to an FD account. This is a unique and special term deposit that helps people with regular incomes to save money every month while earning interest as well.

If you are curious to know how much HDFC rd interest rate you can earn with your investment plan, you can use the RD calculator provided by the Bank. If you need to liquidate your RD account prematurely, you will not be eligible for the complete interest benefits. Moreover, the process of liquidating the RD account is as simple as opening it. Please visit the bank’s website for more information. You can also contact the branch or the customer service team to obtain more details about the HDFC Recurring Deposit accounts.

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Recurring Deposit by Banks
Recurring Deposit by other Institutions

Recurring Deposit Reviews

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  • HDFC Bank Recurring Deposit
    "Good Investment"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have recurring deposit with HDFC account, I went to the bank and opened the account , within 5 days it got activated. I used to get reminder messasge for monthly RD. Minimum I can deposit from Rs.500 to 1 lakh, the current interest with HDFC around 7.5% its really good.
    Was this review helpful? 0
    , pune
    Reviewed on Mar 17, 2019
  • HDFC Bank Recurring Deposit
    "Good Investment"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have activated HDFC recurring deposit through online banking within 3 days of time, monthly I deposit Rs. 1000 it has the term of 12 years, the rate of interest is around 8.2%, the support is very good for the recurring queries, there is no charges for the prematures withdrawal.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Mar 11, 2019
  • HDFC Bank Recurring Deposit
    "Good for saving"
    HDFC BANK
    0.5 3.0/5 "Satisfactory"
    Every month I used deposit Rs. 5000 for one year of HDFC recurring deposit, the current interest is around 5 to 6% for recurring investment, I have option to take liquidity through online. The customer support is good on my queries regarding RD.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 07, 2019
  • HDFC Bank Recurring Deposit
    "Very Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have started this Recurring deposit two months back and i had been investing on them at time to time. The payments had been made through the brokerage and their customer support has been guiding me every time. The interest rate with them is also quite nice when compared with the other banks.
    Was this review helpful? 1
    , new delhi
    Reviewed on Mar 03, 2019
  • HDFC Bank Recurring Deposit
    "Fine Account"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have invested my money from HDFC. I have invested the money for 6 months. Since i had a savings account with them, its a compulsory with them, i have invested with them. I have already my recurring deposit because i need to maintain a minimum balance. Since there is no issues, i have not contacted the customer care service.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Feb 20, 2019
  • HDFC Bank Recurring Deposit
    "Good Investment with HDFC"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    Monthly I deposit Rs .6500 on HDFC recurring deposit, it has the term of one year. Currently HDFC interest rate is around 7.8% per annum. I can view my recurring deposit transaction through online banking. They have good online facilities.
    Was this review helpful? 2
    , chennai
    Reviewed on Jan 19, 2019
  • HDFC Bank Recurring Deposit
    "Easy Online Activation"
    HDFC BANK
    0.5 4.0/5 "Great!"
    Reason to chose the HDFC recurring deposit, its very convenient, I have activated the service through online. I don't need go to the bank. I have taken the RD for 2 years. I am not sure about the interest and but they are taking higher charges for the transaction it should be lesser.
    Was this review helpful? 3
    , hyderabad
    Reviewed on Jan 18, 2019
  • HDFC Bank Recurring Deposit
    "Very good benefits"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    Previously I have invested some money in HDFC recurring deposit. The reason for choosing the bank the interest rate is more and also service is excellent. I have taken the amount and its really beneficial. Whenever I contact the customer service, they are responding properly.
    Was this review helpful? 2
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Bank Recurring Deposit
    "Happy RD account"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    Earlier I was having HDFC recurring deposit, I used to investment RS. 1000 on monthly basis, at the time interest percentage was good. I have activated my RD account through online there was no charges withdrawal before tenure period of it.
    Was this review helpful? 2
    , mumbai
    Reviewed on Jan 10, 2019
  • HDFC Bank Recurring Deposit
    "Excellent Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I had started doing this investment a long time back and it was quite convenient and simple in the services of them. The interest rate which they are offering has been good and the tenure period is for three years. There has not been any hassle faced with the payment methods.
    Was this review helpful? 1
    , pune
    Reviewed on Jan 09, 2019
  • HDFC Bank Recurring Deposit
    "Convenient RD with HDFC"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I done recurring deposit with HDFC at the time they gave me 9.2% of interest for one year. I think I had a RD in the period of 2013 to 2014 I don't have exact details it was good experience. when I want to take the amount I done the closure through online. I like the netbanking application its so friendly.
    Was this review helpful? 6
    , new delhi
    Reviewed on Jan 05, 2019
  • HDFC Bank Recurring Deposit
    "Its Better"
    HDFC BANK
    0.5 4.0/5 "Great!"
    Earlier I had recurring deposit with HDFC, they gave me around 6.75% per annum, I have opened the RD through online I can track information through netbanking, at last I didn't get the benefits. Everything and the safe and secured premature charges was not there.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 04, 2019
  • HDFC Bank Recurring Deposit
    " Convenient RD with HDFC"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    They give the interest around 6% per annum for recurring deposit. I used to deposit the amount around Rs. 25k for different RD accounts for the tenure of one year, One page I track RD accounts and I could download the statement, even they do have tax benefits.
    Was this review helpful? 3
    , pune
    Reviewed on Dec 17, 2018
  • HDFC Bank Recurring Deposit
    "Good"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have a Recurring deposit account with HDFC Bank and it was taken before 1.5 years. I can maintain the account through net banking and it was easy. I have invested 50K for 2 years. I am getting 6.25% of interest rate which was okay. The customer service is average.
    Was this review helpful? 12
    , chennai
    Reviewed on Nov 23, 2018
  • HDFC Bank Recurring Deposit
    "Its Better"
    HDFC BANK
    0.5 4.0/5 "Great!"
    They are providing interest for the RD amount, when I done the preclosure they are taking 2% of interest. I have deposit Rs.2 ,25,000 . I took the RD for 4 years. I done the preclsoure in 3 years. They didn't provide much interest. Normally I make the ecs payment.
    Was this review helpful? 4
    , chennai
    Reviewed on Nov 19, 2018
  • HDFC Bank Recurring Deposit
    "Good"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have a recurring deposit account with HDFC Bank. It was taken 2 months back. I am maintaining a salary account with them and they suggested me for RD. In returns I get 7% as an interest rate. I have to deposit monthly 1,000 rupees and the locking period is one year.
    Was this review helpful? 9
    , tiruchirapalli
    Reviewed on Nov 16, 2018
  • HDFC Bank Recurring Deposit
    "Good service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have opened a Recurring Deposit account in HDFC bank from last 1 year. I have to pay an amount of Rs 25000 every month and all the terms & conditions were explained by the customer support of HDFC bank. In returns i get 6% as an interest which is quite good.
    Was this review helpful? 23
    , new delhi
    Reviewed on Aug 30, 2018
  • HDFC Bank Recurring Deposit
    "Wonderful"
    HDFC BANK
    0.5 4.0/5 "Great!"
    Rate of interest for the recurring deposit account is around 5.75% with the HDFC bank, also the customer service is good too. I would like to say that the charges are nominal one with the HDFC bank and everything is better with the HDFC bank.
    Was this review helpful? 5
    , bangalore
    Reviewed on Jun 20, 2018
  • HDFC Bank Recurring Deposit
    "Best"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I do have the recurring deposit account with the HDFC bank and the customer service is very good. I have felt that the rate of interest is good one with the HDFC bank. There are no much strict tenure term with the HDFC bank.
    Was this review helpful? 5
    , hyderabad
    Reviewed on Jun 12, 2018
  • HDFC Bank Recurring Deposit
    "One of the best recurring deposit account"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have the recurring deposit account with thge HDFC bank. I would like to say that the rate of interest is good one for me with the HDFC bank and the customer service is good one too. Minimum tenure is around six months of time.
    Was this review helpful? 1
    , chennai
    Reviewed on Jun 07, 2018
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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. 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.

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