How to pay rd in HDFC bank?
Once you set up your RD with HDFC Bank, you will realise that paying the instalments is as easy as a cakewalk.
At the time of booking, I linked my HDFC savings account and fixed my monthly deposit amount and tenure. From then on, HDFC automatically debits the instalment from my linked savings account on the due date.
This auto-debit feature makes the whole process seamless, so I do not have to make manual payments every month. All I need to do is keep enough balance in my savings account before the due date.
If I miss an instalment, the bank can recover up to 6 months’ dues at once, but it does not allow partial payments. That is why I always make sure funds are available on time.
The maturity value of your RD will depend on timely and regular payments of all instalments. Any delays will reduce your final payout, and if you default for 6 months, HDFC can even close your account.
So, simply maintain balance in your account and let HDFC handle your instalments smoothly in the background.