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What is the minimum deposit amount required to open a Recurring Deposit account in India HDFC bank?

April 26, 2017account Bank deposit hdfc India minimum recurring

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What is the minimum deposit amount required to open a Recurring Deposit account in India HDFC bank?

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Banking Expert You can open a Recurring Deposit account for a minimum deposit of Rs 500/- and subsequent multiple installments of Rs 100/-. This means that the installment amount can be, for example, 500, 600, 700 ….. up to Rs. 1 lakh. However, once an installment amount is chosen it is fixed for the entire tenure of the RD.