Terms and Conditions

The value date of your RD will be the date that the RD account is debited, depending on the date of processing of your form and all the subsequent instalments will be debited on the same date every month
Please ensure that you maintain sufficient funds in your account till the account is debited by us for your first instalment. In case of shortage of funds, your Recurring Deposit account will not be booked
With effect from July 22nd, 2023, the interest rate applicable for premature withdrawal will be the rate on the date of deposit booked, to the period for which deposit remained with the bank and not at the contracted rate.
The interest rate applicable on the RD will be the prevailing rate as on the date the RD account is opened in our system
Your Recurring Deposit account will be opened in the same name as your debit account
Once your Recurring Deposit account is opened, you will be able to view the RD account details on HDFC Bank’s NetBanking under ‘Recurring Deposit Summary’