MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹ 1,000* on Loans Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

HDFC Bank RD Interest Calculator

RD Calculator HDFC in India Sep 2020

Last Updated 23rd Sep 2020

Tenure General Rates Senior Citizen Rates
6 months 4.50% 5.00%
9 months 5.00% 5.50%
12 months 5.60% 6.10%
15 months 5.60% 6.10%
24 months 5.60% 6.10%
27 months 5.75% 6.25%
36 months 5.75% 6.25%
39 months 5.75% 6.25%
48 months 5.75% 6.25%
60 months 5.75% 6.25%
90 months 5.75% 6.25%
120 months 5.75% 6.25%

Calculate RD Maturity Amount of All Banks in India

HDFC Bank RD Calculator
Investment Offers with High Returns offerOffers
Bank/NBFCs Rate Tenure Action
Bajaj Finance FD7.35%60 MonthsAPPLY
PNB Housing Finance FD7.20%120 MonthsAPPLY
DBS Bank Savings Account5.00%N.A.APPLY

HDFC Recurring Deposit Calculator

HDFC Bank, a leading Private Bank in India offers attractive interest rates upto 5.75% 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


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

You can earn a maximum interest of 5.75% 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.

HDFC News - Sep 2020
  • 2020-04-06 : HDFC Bank reports 24% rise in deposits and 21% rise in advances
    HDFC Bank registered a growth of 24% in its deposits for January to March quarter. The deposit aggregated to Rs. 11.46 lakh crores on 31st March 2020 as compared to Rs. 9.23 lakh crore on 31st March, 2019. In addition, the advances aggregated to Rs. 9.93 lakh crore on 31st March 2020, as compared to Rs. 8.19 lakh crore on 31st March 2019.
  • 2018-08-06 : HDFC Bank revises RD rates
    HDFC Bank has revised its interest rate on RD, for the selected maturities. The Interest rate on RD with a maturity of nine months is increased to 6.75%, which was 6.40% earlier. For senior citizens, the rate has now been revised to 7.25% from 6.90% earlier. Similarly, for twenty seven months to sixty months will fetch an interest rate of 7.10%, which was 7.00% earlier. For senior citizens, the new rates are 7.60 against 7.50% earlier. The new rates are effective from August 6, 2018.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More