HDFC Bank offers a Recurring Deposit (RD) account that allows customers to save money systematically while earning interest. If you’re planning to invest in an RD, the HDFC Recurring Deposit Calculator helps you estimate your maturity amount and interest earnings effortlessly.
HDFC Recurring Deposit Calculator
Result:
Maturity Amount: ₹0
Have you check our Article on How to use State Bank of India RD Calculator & Maximize Your RD Earnings?
What is an HDFC Recurring Deposit (RD)?
A Recurring Deposit (RD) is a type of fixed deposit where you deposit a fixed amount every month for a predetermined tenure. At the end of the tenure, you receive the accumulated amount along with interest.
Features of HDFC RD
- Flexible Tenure: 6 months to 10 years
- Minimum Deposit: ₹1000 per month
- Attractive Interest Rates: Varies based on tenure and customer type (regular or senior citizen)
- Auto-Renewal & Loan Facility: You can avail of loans against your RD
- Premature Withdrawal: Allowed with applicable penalties
How Does the HDFC RD Calculator Work?
The HDFC RD Calculator helps you estimate your total earnings based on the monthly deposit, tenure, and applicable interest rate. It uses the following formula:
RD Maturity Amount Formula:
- M = Maturity Amount
- P = Monthly Installment
- r = Annual Interest Rate (in decimal)
- n = Number of compounding periods in a year
- t = Tenure in years
Steps to Use HDFC RD Calculator
- Enter Monthly Deposit Amount – Input the amount you wish to deposit every month.
- Select Tenure – Choose the duration (6 months to 10 years).
- Enter Interest Rate – The interest rate varies depending on HDFC’s current RD rates.
- Click Calculate – Get instant results showing your maturity amount and interest earned.
Benefits of Using the HDFC RD Calculator
- Instant Calculation: No manual calculations needed
- Accurate Projections: Helps in financial planning
- Time-Saving: Quick results without complex formulas
- Compare Different Plans: Adjust tenure and deposit amount to see different returns
HDFC RD Interest Rates 2025
HDFC Bank offers competitive RD interest rates. The rates depend on the tenure and customer type (general or senior citizens). Below are the latest interest rates:
| Tenure | Regular RD Interest Rate | Senior Citizen RD Interest Rate |
|---|---|---|
| 6 months | 4.50% | 5.50% |
| 1 year | 6.60% | 7.30% |
| 5 years | 7.00% | 7.70% |
| 10 years | 6.50% | 7.20% |
(Note: Rates are subject to change. Always check the HDFC website for updated rates.)
FAQs on HDFC RD Calculator
Yes, the calculator is completely free and can be used multiple times.
Yes, you can select the senior citizen option to get higher interest rates.
No, the calculator provides gross maturity value. TDS deductions (if applicable) are not included.
No, once you set up an RD, the monthly deposit amount remains fixed for the tenure.
Conclusion
The HDFC Recurring Deposit Calculator is a valuable tool to estimate your RD returns accurately. Whether you’re saving for short-term goals or long-term financial security, using this tool can help you make informed investment decisions. Start planning your savings today with an HDFC RD!
