Recurring Deposit

Big goals don't always need a big starting amount

Fixed interest rate. Guaranteed returns. DICGC insured. The simplest way to build savings through habit rather than windfall

Start a Recurring DepositInterest Rate on Deposits
Big goals don't always need a big starting amount

What Your Recurring Deposit Gives You

📆
Fixed Monthly Commitment

Your monthly deposit amount is fixed at the time of account opening and remains the same throughout the tenure.

✅
Guaranteed Returns

Unlike market‑linked instruments, a Recurring Deposit earns a fixed, guaranteed rate of return for the entire tenure. Your savings grow steadily with assured interest, compounded quarterly.

🔒
Locked‑Int Rate from Day One

The interest rate applicable on the day you open your RD remains unchanged for the entire tenure — no matter how market rates fluctuate afterwards - Rate Security, Predictable Growth & Trusted Investment

🛡️
DICGC Insurance Cover

Deposits are insured under the Deposit Insurance and Credit Guarantee Corporation scheme up to ₹5 lakh per depositor — ensuring financial security & peace of mind.

💰
Senior Citizen Rate Benefit

At Hindusthan Bank, senior citizens get 0.50%–1.00% higher interest — ensuring better returns, safety & financial comfort.

📝
Nomination Facility

Secure your loved ones’ future. Nominate someone you trust, so that in your absence, they can claim your deposit quickly and without delay.

🔔
Monthly installment SMS Reminder

You will receive an SMS reminder 7 days before each monthly installment is due — ensuring you never miss a payment date.

🔄
Auto-Debit From Savings Account

Link your Recurring Deposit to your Hindusthan Savings Account and set up an auto‑debit instruction.

📆
Fixed Monthly Commitment

Your monthly deposit amount is fixed at the time of account opening and remains the same throughout the tenure.

✅
Guaranteed Returns

Unlike market‑linked instruments, a Recurring Deposit earns a fixed, guaranteed rate of return for the entire tenure. Your savings grow steadily with assured interest, compounded quarterly.

🔒
Locked‑Int Rate from Day One

The interest rate applicable on the day you open your RD remains unchanged for the entire tenure — no matter how market rates fluctuate afterwards - Rate Security, Predictable Growth & Trusted Investment

🛡️
DICGC Insurance Cover

Deposits are insured under the Deposit Insurance and Credit Guarantee Corporation scheme up to ₹5 lakh per depositor — ensuring financial security & peace of mind.

💰
Senior Citizen Rate Benefit

At Hindusthan Bank, senior citizens get 0.50%–1.00% higher interest — ensuring better returns, safety & financial comfort.

📝
Nomination Facility

Secure your loved ones’ future. Nominate someone you trust, so that in your absence, they can claim your deposit quickly and without delay.

🔔
Monthly installment SMS Reminder

You will receive an SMS reminder 7 days before each monthly installment is due — ensuring you never miss a payment date.

🔄
Auto-Debit From Savings Account

Link your Recurring Deposit to your Hindusthan Savings Account and set up an auto‑debit instruction.

Who are Eligible
  • Resident Individuals – Any Indian citizen with valid KYC documents.
  • Senior Citizens – Eligible for higher interest rates.
  • Hindu Undivided Families (HUFs) – Can open RDs in the name of the HUF.
  • Private & Public Limited Companies – Allowed to invest surplus funds in RDs.
  • Trusts & Societies – Eligible to open RDs for institutional savings.
  • Minors – Can open an RD account jointly with a parent/guardian.
Required Documents

  • Proof of Identity (any one)

    Aadhaar Card, PAN Card, Passport, Voter ID, Driving Licence

  • Proof of Address (any one)

    Aadhaar Card, Passport, Driving Licence, Voter ID, Utility Bill

  • Passport-size Photographs

    2 recent colour photographs on white background

  • RD Opening Form

How to Apply
How to Apply
  • 1
    Download the Recurring Deposit Account Opening Form from this page, or collect a physical copy at any Hindusthan branch near you.
  • 2
    Fill RD application form with tenure and monthly installment amount.
  • 3
    Bank Account Linkage – Usually linked to a savings or current account for auto‑debit.
  • 4
    Submit KYC documents.
  • 5
    Deposit 1st Installment through cheque, transfer, or cash (subject to limits).
  • 6
    Receive an SMS confirmation of your RD account and Get monthly SMS reminders before installment due dates.

Save a Little Every Month. Gain a Lot Over Time

Recurring Deposits
Period of DepositMinimum 1 year and maximum 10 years
Interest PaymentQuarterly Compounding Interest payable on maturity
Maximum Amount of DepositNo Limit
Minimum Amount of DepositRs. 100/- per month
Pledging of DepositAllowed
Premature WithdrawalAllowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior CitizenApplicable
Eligible DepositorsAll depositors

Frequently Asked Questions

The minimum monthly installment for a Hindusthan Recurring Deposit is ₹100, in multiples of ₹100. There is no upper limit on the monthly amount.

No. The monthly installment amount is fixed at the time of account opening and cannot be changed during the tenure. If your financial situation changes significantly, speak to your branch — in some cases a revised arrangement may be possible.

A penalty is charged for missed monthly installments as per our current service charge schedule. Repeated non-payment may result in premature closure of the RD account. To avoid missed installments, we strongly recommend setting up an auto-debit from your linked Savings Account.

Yes. Premature closure of a Recurring Deposit is permitted, subject to a penalty on the applicable interest rate. The penalty amount is communicated at the time of account opening. In cases of genuine financial hardship, speak to your branch before opting for premature closure — there may be alternatives.

Yes. You can open multiple Recurring Deposit accounts simultaneously — each with a different monthly amount, tenure, or goal. Many members maintain separate RDs for different financial goals — one for a vehicle, one for a home renovation, one for a child's education.

TDS is applicable on RD interest if the total interest earned across all deposits in a financial year exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G or Form 15H at your branch at the beginning of each financial year to avoid TDS deduction if your total income is below the taxable limit.

Loans against Recurring Deposits are available in select cases and are subject to the bank's prevailing terms. Contact your home branch for specific details on eligibility and the loan amount available against your RD balance.

Consider trying these Deposit Options

Fixed Deposit
Fixed Deposit A Fixed Deposit offers higher returns on a safe, dependable investment, with the flexibility to match your financial goals.