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  • How to Open a Recurring Deposit Account Through HDFC NetBanking

     4.5 / 5.0   by 372 users
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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.

    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.

    Recurring Deposit by Banks
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    Recurring Deposit Reviews

  • Page 1 of 19 1 2 3 4 5
    • 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? 7
      , 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? 2
      , 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? 5
      , 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? 21
      , 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? 4
      , 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
    • HDFC Bank Recurring Deposit
      "Good Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I've started a recurring deposit with the HDFC. I deposit 2000 every month. The amount will be auto debited form the account. The recurring deposit is very good for savings purpose. Overall it was really easy to start the recurring deposit with the HDFC bank.
      Was this review helpful? 3
      , chennai
      Reviewed on May 31, 2018
    • HDFC Bank Recurring Deposit
      "Good Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I was using the Recurring deposit with the HDFC bank. I was depositing 1000 rupees a month. I am not using this now. It is too easy to start an RD with HDFC . The payment gets auto debited every month. I never had any problems with the deposit and it is very good for savings purposes.
      Was this review helpful? 4
      , new delhi
      Reviewed on May 26, 2018
    • HDFC Bank Recurring Deposit
      "Good Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have a recurring deposit with the HDFC bank. The interest rate is nominal. The EMI is Monthly Debited from the salary account. Opening the deposit was very easy and it was done online. Never had any issues with the service.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 26, 2018
    • HDFC Bank Recurring Deposit
      "Recurring deposit with HDFC"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have a recurring deposit with HDFC bank and the rate of interest which they provide for the account was around 6.75%. I have chosen the tenure for 30 months with a monthly EMI of 1500. I can withdraw the amount after 30 months or in between. The service was very easy and simple.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 25, 2018
    • HDFC Bank Recurring Deposit
      "Recurring deposit with HDFC"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have opened a recurring deposit with HDFC with a monthly EMI of 5000. The total tenure was for 2 years. The rate of interest which they were providing was 7.5%. We do withdraw the amount in between also there will not be any charges with them. The customer service and response with them is fine.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Apr 19, 2018
    • HDFC Bank Recurring Deposit
      "Best Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have my ongoing Recurring Deposit with HDFC bank and i am investing from last 1 year, I pay an amount of Rs 1000 every month and the customer service of HDFC bank was very good, they gave all the right information and guided me well. The maturity period is after 1 year and i get a interest of 6.5% on returns.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Apr 09, 2018
    • HDFC Bank Recurring Deposit
      "Nice experience"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I hold a recurring deposit with HDFC Bank and the process is good. I can open this account on the mobile application. There is a lock in period for a year and six month. The rate of interest is good and there are no hassles in the process. Overall good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 24, 2018
    • HDFC Bank Recurring Deposit
      "Good investment plan with HDFC"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have started a recurring deposit an investment plan with HDFC bank with a tenure of 1 years. The total rate of interest is which they provide for 1 year is 7%. Before completing the maturity period if i withdraw the amount, i am not sure about the withdrawal charges as i did not tried that. The customer service and response is fine.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 14, 2018
    • HDFC Bank Recurring Deposit
      "Good investment"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have started a recurring deposit an investment plan with HDFC bank with a tenure of 2 years. The total rate of interest is 7%. After two years i can withdraw the amount. The customer service and response is fine. Before completing the maturity period if i withdraw the amount, i am not sure about the withdrawal charges.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 14, 2018
    • HDFC Bank Recurring Deposit
      "Good"
      HDFC BANK
      0.5 3.5/5 "Pretty good"
      I had a Recurring Deposit in HDFC Bank and it was closed long back. I have paid 1000 rupees every month. After the maturity period I have received a minimal amount. It is useful for the saving purpose. The rate of interest was not good. I got a proper response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 01, 2018
    • HDFC Bank Recurring Deposit
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I had a Recurring deposit with HDFC bank and my experience was good so far, the services provided by this bank is very good when compared to other banks. I pay an amount of Rs 2000 every month which gets auto deducted from the salary account. I get a interest of 6.99% and happy with the returns.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 27, 2018
    • HDFC Bank Recurring Deposit
      "Nice experience"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      The rate of interest is good at HDFC Bank for the recurring deposit. It is almost the same as other banks. The service online is good as I can open and close this account online without having to go to the banks. The overall process is fine and I am glad to bank with them
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 19, 2018
    • HDFC Bank Recurring Deposit
      "Hassle Free experience"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      HDFC recurring deposit interest rate is nominal, I opened account through online, their notification part is good. I make the monthly investment around Rs. 15000 for the tenure of 24 months. At last I got the return got credited in the account.
      Was this review helpful? 3
      , mumbai
      Reviewed on Feb 15, 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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