INSUBCONTINENT EXCLUSIVE:
Institutions such as small finance banks and post offices also offer the facility of recurring deposit.Recurring Deposit (RD) is a kind of
term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income
Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against a fixed return, a recurring
deposit (RD) account allows the investor to invest fixed amount of funds at regular intervals; for instance, every month
On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and the interest income earned on them.State
28.11.2018Revised for Senior Citizens w.e.f
28.11.20181 year to less than 2 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10
DepositsGeneral PublicSenior Citizen180 days to 269 days6.356.85270 days to less than 1 year6.46.91 year only77.5Above 1 year to less than 2
years77.52 years above to less than 3 years6.77.23 years above to less than 5 years6.26.75 years above to less than 8 years6.26.78 years
Rates p.a.(%)12 Months88.515 Months88.518 Months88.521 Months88.524 Months7.5827 Months7.5830 Months7.5833 Months7.583 years - less than 5
hdfcbank.com:PeriodInterest Rate (per annum)Senior Citizen Rates (per annum)Effective From6 Months6.25%6.75%June 06, 20189
Months6.75%7.25%August 06, 201812 Months7.30%7.80%November 06, 201815 Months7.30%7.80%November 06, 201824 Months7.30%7.80%November 06,
201827 Months7.40%7.90%November 06, 201836 Months7.40%7.90%November 06, 201839 Months7.25%7.75%November 06, 201848 Months7.25%7.75%November
November 15, 2018Maturity PeriodGeneralSenior Citizen6 months6.256.759 months6.5712 months6.97.415 months7.17.618 months7.17.621
months7.17.624 months7.17.627 months7.5830 months7.5833 months7.5836 months7.58Above 3 years up to 5 years7.257.75Above 5 years up to 10
