HDFC Bank offers two RD variants: Regular RD and NRE RD. While Regular RD suits resident customers, NRE RD caters to NRIs with tax-free repatriable funds. The RD scheme emphasizes disciplined saving via fixed monthly instalments with assured returns, mirroring HDFC’s FD rates. The “Dream Deposit” variant adds flexibility—no penalty on early withdrawal. Senior citizens benefit from additional interest (0.50 % plus an extra 0.25 % for longer tenures). The bank provides convenient facilities like calculators, online setup, grace periods, and a nomination feature. Premature withdrawals incur minimal penalty, and TDS is applicable only above certain thresholds—₹40,000 for general and ₹50,000 for senior citizens annually.
