What is HDFC RD account?
A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Indian Banks. An RD account holder can choose to invest a fixed amount each month while earning decent interest on the amount. RDs are an ideal saving-cum-investment instrument.
Can I withdraw money from RD account before maturity HDFC?
A Recurring Deposit is like a Fixed Deposit. Once the RD amount has been deposited, it cannot be withdrawn until maturity. Partial withdrawals from the account are not allowed.
How can I check my RD balance in HDFC Bank?
- Call HDFC Balance Check Number 18002703333 from the mobile number registered with the bank.
- The call will automatically disconnect after short rings.
- The account holder will receive HDFC Bank Account Balance through SMS on the registered mobile phone.
Can I withdraw money from Recurring Deposit HDFC?
HDFC Bank Recurring Deposit Withdrawal Before Maturity You can liquidate your HDFC Bank Recurring Deposit (RD) account by either visiting the branch directly or via net banking. In case of a premature withdrawal, you won’t be eligible for the complete interest amount.
What are the advantages of recurring account?
Recurring deposits: Consider the advantages and benefits
- High-interest rate. One of the main benefits of recurring deposit account is the attractive interest rate .
- No penalty if you miss a month.
- Start with minimum Rs 2000/month.
- Save for as low as 6 months.
- Simple documentation.
- Best for short-term goals.
- Save bit by bit.
Is RD account is profitable than other account?
RD accounts fetch you more interest than savings bank accounts and make you avail the benefits of FDs without making lump sum investments. RDs help you inculcate a habit of regular investments out of your salary that generates a higher return in the long term, than keeping the money in a savings account.
Can I withdraw RD anytime?
Anytime withdrawal: Recurring deposit accounts also offer the facility of withdrawal of the account anytime. A depositor can avail a loan amount equivalent to 90-95% of the total money deposited in the recurring deposit account depending on the bank.
Can RD be stopped?
Can I redeem my RD before the end of its term? You can stop your deposits at any time and even redeem your investment when you want to. However, you could incur a small penalty (usually 1% of the interest earned) for cancelling your recurring deposit prematurely.
Can we transfer money to RD account?
You can deposit money online into Post Office RDs through India Post Payments Bank (IPPB) app. The monthly instalment of RD amount can be transferred online into your RD account through this app.
Is HDFC recurring deposit good?
Recurring Deposits are another popular investment option offered by banks. Like FDs, RDs too, are safe and secure. However, it is best suited for salaried people and those with a low annual income.
What are the advantage of recurring deposit?
Designed to save any amount over a period of time, RDs are an advanced version of the fixed deposit. This is because a recurring deposit understands that you may not be able to save all the money in one go. So, it allows you to save bit by bit, and get interest for the outstanding balance.
How to calculate recurring deposit in HDFC Bank?
The HDFC Bank Recurring Deposit Calculator is an online tool to calculate the interest earned on savings in an RD account. To use this online RD calculator, log on to our official website. Key in the amount that you wish to save every month in your RD account choose the tenure of your savings, the period for which you want to invest.
How long does HDFC bank RD account last?
With our online RD calculator, get your interest rate and maturity sum in an instant. You can tweak your tenure between six months and ten years to see which plan works the best for you. With HDFC Bank RD accounts, you can enjoy interest rates similar to fixed deposits even with smaller investments.
Do you need a recurring deposit ( FD ) or RD?
Please refer the FD/ RD advice to get the exact maturity amount Are you looking for an investment opportunity where you can make regular savings and earn interest? A Recurring Deposit (RD) may be the answer for you. You can make small contributions at regular intervals and get rewarded with interest on your savings.
How can I trade stocks with HDFC securities?
HDFC securities provides a seamless online real-time platform to trade and track your stocks, with a smart all inclusive portfolio. You can Buy or Sell stocks on both the BSE and the NSE. To trade you can use any of online trading platform, Mobile App or simply Call N Trade.