HDFC Bank RD Interest Rates 2024
Tenure | Rate of Interest for General Citizens | Rate of Interest for Senior Citizens |
|---|---|---|
3 Months – 6 Months | 4.50% | 5.00% |
6 Months – 9 Months | 5.75% | 6.25% |
9 Months – 1 Year | 6.00% | 6.50% |
1 Year – 2 Years | 6.60% | 7.10% |
2 Years – 3 Years | 7.10% | 7.60% |
3 Years – 5 Years | 7.00% | 7.50% |
5 Years – 10 Years | 7.00% | 7.55% |
HDFC RD Interest Rates 2024
HDFC Bank, formerly called Housing Development Finance Corporation Limited has been the pioneer in the banking and finance sector in India since its formation in the year 1994. With its headquarters in Mumbai, Maharashtra, the bank has grown into one of the leading private sector banks in the country with a wide branch network and focus on digitization. Established by the Housing Development Finance Corporation (HDFC), HDFC Bank provides a wide range of financial products and services such as savings and current accounts, fixed and recurring deposits, loans, credit cards, insurance, and investment products. HDFC Bank’s competitive advantage lies in its customer orientation combined with technological innovations, which allow for effective and hassle-free banking. HDFC Bank, with several honors for service excellence and a worldwide presence through its branches abroad, is still a leader, playing a big part in the transformation of modern banking in India. Its involvement in corporate social responsibility, financial stability, and strong customer satisfaction prove its lasting impression in the finance industry.
Geeky Takeaways
- HDFC Bank is one of the most popular banks in India that offers all the banking and financial services to its customers.
- Along with other banking services, HDFC Bank offers Recurring Deposit service at an attractive rate of interest.
- HDFC supports small amounts of investment through its Recurring Deposit service and also serves various purposes of investment as per the needs of its customers.
- Resident Individuals, Non-Resident Indians (NRIs), Hindu Undivided Families, Senior citizens, and minors are eligible to avail Recurring Deposit service of HDFC Bank. Opening a Recurring Deposit Account is hassle-free with HDFC.
Table of Content
- HDFC Bank RD Interest Rates 2024
- Features of HDFC Bank Recurring Deposit
- How to Open an RD Account in HDFC Bank?
- How to Calculate RD Interest in HDFC Bank?
- Eligibility Criteria to Start RD Account with HDFC Bank
- Documents Required for Starting an RD Account
- Types of HDFC RD Accounts
- HDFC Bank RD Premature Withdrawal Rules
- Frequently Asked Questions (FAQs)