Wondering how to open recurring deposit in HDFC? Opening a Recurring Deposit (RD) account in HDFC Bank is a straightforward process that can be done either online or by visiting a branch.
How to Open a Recurring Deposit Account in HDFC Bank?
An RD allows you to save a fixed amount every month for a predetermined period, earning interest on the accumulated amount. Here’s how to open an RD account in HDFC Bank:
Online Method:
Visit the
HDFC Bank website
and log in to your NetBanking account using your customer ID and password. Once logged in, go to the "Fixed Deposits" section under the "Transact" tab.
Choose "Open Recurring Deposit" from the options provided.
Enter the monthly installment amount you wish to deposit. Select the tenure for the RD, which can range from 6 months to 10 years. Choose the savings or current account from which the monthly installment will be debited.
Review the details entered and ensure everything is correct. Confirm the terms and conditions and submit your application. After submission, you will receive a confirmation message with the RD account details.
Now that you know how to open RD account in HDFC Bank online, let us move on to the offline mode,
Branch Visit Method:
Go to your nearest HDFC Bank branch with the necessary documents, such as your identity proof, address proof, and passport-sized photographs. Request the RD application form from the bank representative and fill it out with the required details.
Submit the filled application form along with the required documents. Specify the monthly installment amount and the tenure for the RD.
Make the initial deposit if required, and provide the mandate for the monthly installment debits from your account. Upon successful processing, you will receive a passbook or an account confirmation detailing your RD account.
This is all about how to open a Recurring Deposit in HDFC Bank.
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Authors Of The Question
How to Open Recurring Deposit in HDFC?
anurag
70 Views
1 Answers
6 months
2024-06-27T16:02:01+00:00 2024-06-28T21:38:13+00:00Comment
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