HDFC Bank Recurring Deposit Calculator
Calculate your RD returns with latest HDFC rates
Highest RD Rate
7% p.a.
Best available rate by HDFC across tenures
The HDFC Recurring Deposit (RD) currently offers up to 6.5% p.a. (up to 7% for senior citizens), with a minimum monthly deposit of just ₹100. Interest is compounded quarterly, and your maturity amount depends on the monthly installment and tenure you choose — use the calculator below to see your exact returns. TDS applicable if interest exceeds ₹40,000 per annum
Minimum amount varies by bank (typically ₹100 - ₹500)
Used to calculate actual tax on RD interest. Select 0% if income below ₹3L
Maturity Amount
Total Investment
₹60,000
Interest Earned
+₹1,399
Current Interest Rate
HDFC General Rate
4.25%
per annum
HDFC Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
HDFC Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 6 Months | 4.25% | ₹30,374 | 4.75% | ₹30,418 |
| 9 Months | 5.5% | ₹46,044 | 6% | ₹46,140 |
| 12 Months | 6.25% | ₹62,071 | 6.75% | ₹62,240 |
| 15 Months | 6.35% | ₹78,255 | 6.85% | ₹78,518 |
| 18 Months to 36 Months | 6.45% | ₹199,074 | 6.95% | ₹200,656 |
| 39 Months to 54 Months | 6.5% | ₹314,354 | 7% | ₹318,136 |
| 57 Months to 60 Months | 6.4% | ₹354,340 | 6.9% | ₹359,092 |
| 63 Months to 120 Months | 6.15% | ₹830,335 | 6.65% | ₹853,659 |
Important Notes
- Min monthly: ₹100
- Penalty: 1% on premature closure
- TDS applicable if annual interest exceeds ₹40,000
- 15 days grace period for missed installments
Key Benefits
- Disciplined monthly savings habit
- Higher rates than savings accounts
- Auto-debit facility available
- DICGC insurance up to ₹5,00,000
Tax & TDS on HDFC Recurring Deposits
Understanding tax implications and deductions on your RD investments
Section 80C
Tax-saving RDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C
Senior Citizens
Higher TDS exemption limit of ₹50,000 for citizens above 60 years
• Regular RDs don't qualify for Section 80C deduction
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
• NSC and other alternatives also qualify for 80C
TDS Rate
10%
Exemption Limit
₹40,000
TDS Calculation
TDS is deducted at 10% if total interest from all RDs with HDFC exceeds ₹40,000 in a financial year
TDS is calculated on maturity amount
No TDS on monthly installments
Form 26AS shows TDS deducted at maturity
Can be claimed as advance tax while filing ITR
₹5,000/month RD
At 6.5% for 3 years
₹21,060
Total Interest
TDS: ₹0
₹10,000/month RD
At 6.5% for 3 years
₹42,120
Total Interest
TDS: ₹212
₹25,000/month RD
At 6.5% for 3 years
₹105,300
Total Interest
TDS: ₹6,530
HDFC Recurring Deposit FAQs
Everything you need to know about HDFC Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for HDFC RD?
What is the current highest RD rate offered by HDFC?
Is the interest earned on HDFC RD taxable?
Can I miss a monthly installment in HDFC RD?
How is interest calculated on HDFC RD?
What happens if I close my HDFC RD before maturity?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
