How to Open Recurring Deposit RD Online 2026

About This Guide

Recurring Deposit (RD) for systematic monthly savings. Min ₹100/month, max ₹25,000/month per RD. Interest 6-7% (similar to FD). Tenure 6 months to 10 years. Online via net banking. Auto-debit from savings account. TDS if interest > ₹40K (₹50K senior).

Eligibility Criteria

• Indian resident 18+
• Have savings account
• PAN for amounts > ₹50K interest
• Min ₹100/month
• Auto-debit from same bank account

Documents Required

Keep these documents ready before starting application. Missing documents = delayed approval.

• Aadhaar (KYC done at savings account)
• PAN
• No new KYC needed if existing customer
• Min ₹100 first installment

Step-by-Step Application Process

Follow these steps in order. Each step is critical - skip none.

Key Benefits

• Disciplined monthly savings
• 6-7% interest
• Tenure flexibility 6m-10y
• Min ₹100 - very affordable
• Auto-debit convenience
• Penalty for missed installment
• TDS only if > ₹40K interest
• Loan against RD possible

What Happens After Application?

Auto-debit each month. Maturity at end of tenure: principal + interest. Auto-renew or credit to savings.

Frequently Asked Questions

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