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7 Mins read
•Recurring Deposit

HDFC Recurring Deposit Interest Rate 2024: Your Guide to Consistent Wealth Creation

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Summary

HDFC Bank offers recurring deposit schemes with competitive rates ranging from 4.50% to 7%, available to a broad range of customers including residents, minors, NRIs, and organizations. The blog details eligibility criteria, required documents, flexible deposit terms, and procedures for early withdrawals and tax implications. Customers can conveniently open RD accounts through branches or online banking.

Key Takeaways

  • Attractive RD schemes with rates between 4.50% and 7%.
  • Eligibility extends to residents, minors, NRIs, and various organizations.
  • Clear guidelines on required documents and application procedures.
  • Flexible deposit options with provisions for premature withdrawals.
  • Detailed information on tax deduction and maturity calculation.

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