HDFC Bank
Personal Banking NRI Banking Wholesale Banking Set as Homepage 
Loans Cards Investments
& Insurance		 Forex and
Trade Services		 Payment
Services		 Imperia
/ Preferred / Classic		 Private
Banking		 Access
Your Bank		 PRODUCTS
AT A GLANCE		  
You are here: Personal Banking > Accounts & Deposits > Recurring Deposits > Interest Rates         

Recurring Deposits
Features and Benefits
Eligibility
Interest Rates
RD Calculator
FAQs
Important Information
Apply Now
Recurring Deposits
Apply Band
Interest Rates
Don’t let market conditions affect the returns on your savings !

Recurring Deposit rates remain constant irrespective of market rate fluctuations.
 
Rates for some key tenures:
Period Interest Rate (per annum) **Senior Citizen Rates (per annum) Effective From
6 Months 7.25%
 7.75% February 02, 2012
9 Months 7.25% 7.75% May 12, 2011
12 Months 7.25% 7.75% May 12, 2011
15 Months 8.50% 9.00% August 13, 2011
24 Months 8.50% 9.00% August 13, 2011
27 Months 9.25%
 9.75%
 February 02, 2012
36 Months 9.25%
 9.75%
 February 02, 2012
39 Months 9.25% 9.75% February 02, 2012
48 Months 9.25% 9.75% February 02, 2012
60 Months 9.25% 9.75% February 02, 2012
90 Months 8.25% 8.75% December 10, 2010
120 Months 8.25% 8.75% December 10, 2010
**Only Senior Citizens are eligible for higher rates of interest.
Note: Interest rates are subject to periodic changes. The applicable interest rates will be given based on the date and time of receipt of the funds by the bank.

We request you to clear your browsers cache to see the most recently updated interest rates.
Premature Liquidation
Effective 01st Dec'06, the interest rate applicable for premature closure of deposits (all amounts) will be lower of :
            The original rate at which the deposit has been booked OR
            The base rate applicable for the tenure for which the deposit has               been in force with the Bank.
    The base rate is the rate applicable to deposits of less than Rs.15      lacs as on the date of booking the deposit.
Penalty on delayed Installment - 
A penalty is charged at the contracted Recurring Deposit interest rate along with an additional 2% per annum, for all delayed installments.
Method used to charge a Penalty - 
The penalty will be charged for the actual period of the delay only. The Penal interest shall be recovered only at the time of maturity or premature closure of the account, as the case may be.

Interest and Penalty calculation methods are as per the IBA Guidelines.

* The Recurring Deposit Advice will be dispatched to your recorded mailing address within 3-4 working days of opening your account.
 
  Apply Now
    Just fill the Online Application Form and our representative will get in touch     with you shortly.

    Other Ways to apply :     *Conditions Apply
Check Eligibility
Visit a Branch
Call Us
How will an RD account be operated?
Is TDS applicable on Recurring Deposits?
Can I choose my instalment date?
More...
Have you availed of our Phone Banking facility?
Online trading of securities, made simple