HDFC Recurring Deposit Calculator

The HDFC Bank Recurring Deposit (RD) Calculator is a convenient and easy-to-use online tool that helps individuals estimate the maturity amount and interest they can earn from their recurring deposits. By entering essential details such as the monthly deposit amount, interest rate, and tenure, users can instantly get an accurate projection of their total savings at the end of the RD period.

This HDFC Bank Recurring Deposit Calculator is especially useful for planning your financial goals, as it eliminates the need for manual calculations and gives quick results based on HDFC Bank’s compounding interest structure. Whether you're saving for a future expense or simply looking to grow your money systematically, the HDFC RD Calculator helps you make informed and efficient savings decisions.

Benefits of Using the HDFC Bank Recurring Deposit Calculator

• A Recurring Deposit is a continuous investment with multiple factors affecting the maturity amount, which can be confusing to calculate manually.
  
• HDFC Bank’s Recurring Deposit calculator provides an instant and accurate estimate of the maturity amount and interest earned.
  
• It helps users plan their finances effectively by showing the exact returns based on monthly contribution, interest rate, and tenure.
  
• The HDFC Bank Recurring Deposit Calculator saves significant time by automating complex calculations, reducing the chances of manual errors.
  
• Users can compare different tenure and interest rate options to optimize their investment returns.
  
• HDFC Bank Recurring Deposit Calculator enables better financial goal setting by providing clear insights into future savings.

Features of HDFC Bank Recurring Deposit

• Invest small monthly amounts and earn interest rates comparable to regular Fixed Deposits.
• Secure investment unaffected by market fluctuations.
• Interest rate remains locked for the entire tenure of the RD.
• Make consistent monthly deposits and get a lump sum payout when the deposit matures.
• Fixed rate of interest throughout the tenure, even with instalment-based investments.
• Choose a tenure that fits your needs (minimum 6 months, in multiples of 3 months thereafter, up to a maximum of 10 years). For NRI customers, the shortest tenure allowed is 12 months.
• Invest according to your financial goals (minimum ₹500, in multiples of ₹100 thereafter, up to ₹2.99 crores).
• An option available for premature withdrawal without any penalty.
• Enjoy a smooth and convenient online experience.

Formula For Calculating HDFC Bank Recurring Deposit Maturity Amount

The HDFC Recurring Deposit calculator employs a standard formula to precisely compute the maturity amount, taking all key factors into account:

M=R×1−(1+i)−31​(1+i)n−1​

Where:

• M = Maturity amount
• R = Monthly RD installment
• i = Interest rate per quarter (annual rate divided by 4)
• n = Total number of quarters (tenure in years × 4)

This formula is consistently applied for all Recurring Deposit calculations, regardless of the investment amount or tenure.

How to Use Wishfin HDFC Bank Recurring Deposit Calculator?

• Visit the Official Website - Navigate to the Wishfin HDFC Bank Recurring Deposit Calculator page.
• Enter Monthly Deposit Amount – Specify the sum you intend to deposit each month into your RD account.
• Select Tenure – Pick the length of your RD term, anywhere between 1 year and 10 years.
• Specify Interest Rate - Enter the applicable interest rate. HDFC Bank offers different rates based on the tenure and whether you're a senior citizen.

After entering all details, on the right side, you can find the amount and the details, and then you can view your estimated maturity amount.

HDFC Bank Recurring Deposit Interest Rates (Effective April 19, 2025)

Here are the latest HDFC Bank recurring deposit (RD) interest rates for key tenures:

Note: Higher rates are applicable only for resident senior citizens.
Special Edition FD rates for 33 and 55 months are not available for RD bookings (except under the Passion Fund).

Conclusion

The HDFC Bank Recurring Deposit Calculator is a user-friendly and efficient tool that helps you quickly estimate your maturity amount and interest earnings based on your monthly deposits, tenure, and applicable interest rate. It simplifies financial planning by providing accurate projections, enabling you to make informed decisions and set achievable savings goals. With this calculator, you can plan your investments confidently and track your progress toward a secure financial future.