How to Liquidate RD in HDFC NetBanking

Recurring Deposit (RD)
1

how to liquidate RD in HDFC netbanking?

2

Hi,
If you have a Recurring Deposit (RD) with HDFC Bank and you want to close it (liquidate) before maturity or even at maturity, you can do it easily using NetBanking. Let me explain step by step in simple words.

  • Visit HDFC NetBanking.
  • Enter your Customer ID/User ID and Password.
  • Once logged in, you’ll see your main dashboard.
  • On the top menu, look for Accounts
  • Click on deposits.
  • Here, you’ll see all your active deposits including Recurring Deposits (RDs) and Fixed Deposits (FDs).
  • From the list of deposits, click on the RD account you want to liquidate.
  • You will see details like tenure, interest rate, and maturity date.
  • There will be an option like “Close RD / Premature Closure”.
  • Click on it.
  • The system will show you the amount you will get, including interest (if any).
  • If you’re closing after maturity, you get the full maturity value without penalty.
    Review the details once again.
  • Click Submit/Confirm.

You’ll get a success message on screen and sometimes an SMS/email confirmation too.

If you are closing the RD before maturity, HDFC may deduct a small penalty on interest (usually 1%)