HDFC RD Calculator

Investments should be made wisely keeping your savings and financial market status in mind. This is a common statement one comes in acquaintance with when they start investing. Many investment options involve low to high risk, but Recurring Deposits or RDs is one risk-free investment option that is available for individuals in India.

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HDFC Bank RD Calculator

Monthly Investment

₹500 ₹1L
Enter Monthly Investment

Rate of Interest (Yearly)

1% 10%
Rate of Interest (Yearly)

Time Period

1 Year 10 Years
Enter Time Period
Total Investment
Interest Earned
Maturity Amount
The rate of interest may differ from bank to bank and decided by the bank only. But what if you can calculate Recurring deposit ROI on your own? Yes, it is possible with the help of RD Calculator

An easy to handle and completely safe investment option, Recurring Deposits work on a similar basis as Fixed Deposits. Even though both are beneficial in their way, Recurring Deposits are considered to be better for 2 primary reasons:

  • They do not have a fixed withdrawal period just like the Fixed Deposits.

  • Investments can be made as low as Rs. 10 monthly.

HDFC Bank also offers the option to open a Recurring Deposit account to its customers and let them save regularly by depositing a fixed amount for a fixed time period.

What is a Recurring Deposit?

A reliable source just like Fixed Deposits, Recurring Deposit or RD account is available at multiple financial institutions, be it banks, Post Offices, or NBFCs (Non-Banking Financial Companies). Recurring Deposit is an investment tool that offers guaranteed returns with low risks. With the flexibility to choose the tenure, investment amount, and other important details, RDs are a popular investment choice amongst Indian Citizens.

Recurring Deposits interest rates vary from one bank to another exactly like Fixed Deposit interest rates. The current HDFC RD rates for General Citizens may vary from 3.50% to 5.50%. RD Calculators are used in calculating the maturity amount by banks because the manual calculation of RD interest rates is a little difficult.

HDFC RD Calculator

The literal meaning of Recurring is a situation or purpose taking place repeatedly for a defined period. HDFC Recurring Deposit account allows the account holder to deposit a suitable amount for a pre-defined period of time and save their hard-earned money. As the RD interest rate remains constant throughout the tenure, calculation of RD maturity amount becomes less complicated compared to other investment instruments.

The HDFC RD Calculator helps in the computation of the maturity amount just by entering a few basic details of the RD account and the account holder. RD Calculator is hands-down easy to use and hassle-free when compared to manual calculations as it reflects the accurate amount with almost no chance of error.

How to Use HDFC RD Calculator?

All an investor has to do is follow some simple steps to calculate HDFC RD maturity amount with the help of RD Calculator:

  • Visit HDFC Bank official website

  • Go on the “What are you looking at” column at the right

  • Under that select the “Deposits” section and after that “Product type”

  • In the “Product Type” click on “Recurring Deposits”

  • After the redirection on the new page, click the “Tools and Calculator” and after that “Recurring Deposit Calculator”

  • The Recurring deposit calculator will be opened on the screen

  • In the Recurring Deposit Calculator, enter,

    • The RD monthly payable amount

    • Tenure for which the payment needs to be made

    • Select if a senior citizen or not

    • The date from which the RD account needs to be activated

    • The current HDFC Bank RD interest rate will be auto-filled

    • In the case of using a third party website, the investor has to fill the interest rate offered by their bank

  • Click on the “Calculate RD” button

  • Your Recurring Deposit amount at the time of maturity will be displayed on the screen

Advantages of HDFC RD Calculator

The main advantages of using an HDFC RD Calculator is:

  • When compared to manual calculation, energy and time are saved

  • An easy to handle tool with very less complications

  • 100% accuracy with no chances of error

  • Can compare the rate of interest of 2 or more banks easily that will help in making a better decision

  • Returns are calculated precisely that helps in planning the future

HDFC Recurring Deposit Interest Formula

HDFC Recurring Deposit can be calculated both with the help of the HDFC RD Calculator and the RD Formula. Even though usage of a calculator is more efficient and hassle-free, an investor can also compute the maturity value manually with the help of the HDFC RD calculation formula mentioned below:

M =R X [(1 + i) X n – 1] / 1 - (1 + i) (-1 / 3)


R = Monthly deposited amount

n = Total number of quarters in the tenure

i = Rate of Interest divided by 400 (includes 4 quarters each year)

M = Maturity value

For Illustration:

Ms. Rita has a RD account in HDFC Bank in the nearby branch from her home. She deposits an amount of Rs. 1,000 continuously for 10 years. Assuming the current Rate of Interest to be 10%, the maturity amount receivable by Ms. Rita, in the end, will be:

M =R X [(1 + i) X n – 1] / 1 - (1 + i) (-1 / 3)

R = Rs. 1,000

n = 10 years X 4 quarters = 40

i = 10 / 400 = 0.0145

Maturity amount = 1,000 X [(1 + 10) X 40 – 1] / 1 – (1 + 10) (-1 / 3)

Maturity amount = Rs. 2,06,552

HDFC Recurring Deposit Interest Rates


General Citizens (RD Rates)

Senior Citizens (RD Rates)

6 months



9 months



12 months



15 months



24 months



27 months



36 months



39 months



48 months



60 months



90 months



120 months



Eligibility Criteria for an RD Account

  • An Indian resident

  • Trusts

  • Sole organizations

  • Hindu Undivided Families (HUFs)

  • Minor above the age of 10

  • Non-Resident Indians

  • Companies

  • Partnership firms

Documents Required

  • The HDFC Recurring Deposit account application form

  • KYC Documentation

  • Passport size photographs

  • Identification proof

  • Address proof

Past 5 Year annualised returns as on 01-05-2024

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:-

^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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