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HDFC Bank RD Interest Calculator

RD Calculator HDFC in India Jul 2021

Last Updated 12th Jul 2021

Tenure General Rates Senior Citizen Rates
6 months 3.50% 4.00%
9 months 4.40% 4.90%
12 months 4.90% 5.40%
15 months 4.90% 5.40%
24 months 4.90% 5.40%
27 months 5.15% 5.65%
36 months 5.15% 5.65%
39 months 5.30% 5.80%

    Calculate RD Maturity Amount of All Banks in India

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    HDFC Bank RD Calculator
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    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD6.75%60 MonthsAPPLY
    PNB Housing Finance FD6.95%60 MonthsAPPLY
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    HDFC Recurring Deposit Calculator

    HDFC Bank, a leading Private Bank in India offers attractive interest rates upto 5.50% on its Recurring deposits.
    RD maturity amount that you will get depends upon

    • Deposit amount
    • Rate of interest
    • RD tenure
    • Compounding frequency
    • TDS applicability and TDS rate

    HDFC Recurring Deposit Interest Calculator

    • In a periodic interest payout option, HDFC Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain same across the life of the deposit. On maturity of RD, unless the deposit is renewed, would transfer the principal amount to your bank account.
    • In case you opt for a HDFC Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
    • Calculate the RD maturity amount using the RD calculator.

    Tax on Recurring Deposit HDFC Bank

    • In case the interest earned by you across all your recurring deposits across all branches of HDFC Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the HDFC Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
    • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your HDFC Bank RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
    • HDFC Bank will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

    HDFC RD interest rate calculator – Check your city

    • Keep your KYC documents - PAN card, address proof and photo ready.
    • To know more or apply, contact any of the branches of HDFC Bank in your city

    FAQs

    What is the highest interest earned on HDFC Bank recurring deposit?

    You can earn a maximum interest of 5.50% on HDFC Bank recurring deposit.

    Are there any extra benefits for senior citizens on fixed deposit of HDFC Bank?

    Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in HDFC Bank.


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    HDFC News - Jul 2021
    • 2021-05-28 : HDFC Bank commits Rs 100 cr towards COVID relief in FY22
      HDFC Bank committed Rs 100 crore for setting up medical infrastructure for COVID-19 relief in 2021-22. The bank is planning to set up 20 oxygen plants in hospitals besides three 100-bed COVID care facilities as part of the plan.
    • 2021-04-19 : HDFC Bank Q4 net profit rises 18% YoY to Rs 8,186.5 crore
      In Q3FY21, HDFC Bank had reported a net profit of Rs 8,758.3 crore and an operating profit of Rs 15,186 crore. The bank advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan along with business and mudra loans aggregated to Rs 11,320 billion. Further, The bank’s deposits which include fixed and recurring deposits grew 16.3% at approximately Rs 13,350 billion as of March 31, 2021, as compared to Rs 11,475 billion year-on-year (YoY).
    • 2021-01-18 : HDFC Bank net profit rose by 18%
      HDFC Bank net profit grew by 18% over a year ago in the December-ended quarter on the back of improved net interest income. Advances which include home, personal, car, two-wheeler and gold loans along with business and mudra loans during the quarter rose 15.6% year-on-year to Rs 10.82 lakh crore. Deposits which includes FD and RD grew by 19% from last year to Rs 12.7 lakh crore. Further, The CASA ratio for the bank stood at 43%.
    • 2021-01-08 : HDFC Bank posted a double-digit increase in deposits and advances
      HDFC Bank reported a double-digit increase in deposits and advances in the third quarter of the fiscal year. The bank advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans hiked by 16% to Rs 10.82-lakh crore as on December 31, 2020. Further, the bank’s deposits rose by 19% in the third quarter of the fiscal to Rs 12.71-lakh crore. The CASA ratio is reported at around 43% as of December 31, 2020.
    • 2020-10-07 : HDFC Bank net profit jumps 18.4% to ₹7,513 crores
      HDFC Bank reported an 18.4% increase in its net profit to ₹7,513 crores for the quarter ended in September 2020. The profit in the year-ago period was at ₹6,345 crores. The bank’s total advances were at ₹10.38 lakh crore in Q2 of FY21, an increase of 15.8% over the same period last year. The domestic retail loans which include retail loans like home, personal, car, two-wheeler, gold and education loan grew by 5.3% and domestic wholesale loans including the business and mudra loan grew by 26.5%. Further, total deposits which include FD and RD reported an increase of 20.3% (YoY) to ₹1,325,072 crore. HDFC bank CASA ratio stood at around 42% as of September 202O.
    *Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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