Maturity: The deposit amount will be due for repayment and RD shall mature on the completion of its tenure, even if the depositor has not paid some or all of the installments.The TDS will be deducted for the depositor when the total interest payable/reinvested on RD/FD per depositor across all branches, exceeds Rs 40,000 (Rs 50,000 for senior citizens) in a financial year. Interest: The interest on HDFC Bank RD is payable only on maturity of the deposit.In case of premature closure within 1 month, the depositor will not receive any interest and only his/her principal amount will be returned. Lock-in period: HDFC Bank Recurring Deposit account has a lock-in period of minimum 1 month.Maximum deposit amount: Rs 1.99 crore per month.
