Compare HDFC Bank Recurring Deposit and ICICI Bank Recurring Deposit using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
HDFC customers who want disciplined monthly saving and can choose a tenure using the bank's dated RD rate table rather than a generic advertised maximum.
ICICI customers who want a fixed monthly commitment and value knowing the contracted rate will not change during the RD tenure.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/hdfc-bank-recurring-deposit-vs-icici-bank-recurring-deposit/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
Each checkpoint reproduces the recorded product fields instead of assigning a winner. Read the condition, scope and missing-data state before treating a difference as useful to you.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
The stored field wording is preserved. Product-type-specific evidence follows this generic comparison where deeper structured research exists.
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| Decision factor | HDFC Bank Recurring Deposit | ICICI Bank Recurring Deposit |
|---|---|---|
| Current rate evidence | The current HDFC RD table uses tenure-specific effective dates. Reviewed anchors include 4.25% at 6 months, 6.25% at 12 months, 6.45% at 18–36 months and 6.50% at 39–54 months; eligible senior rates are higher. | Rates effective 29 December 2025 run from 4.50% to 6.50% p.a. for general customers and from 5.00% to 7.10% p.a. for senior citizens across the published tenure bands. |
| Instalment / tenure | Monthly instalments start from ₹1,000 under the reviewed product material; available tenures extend from 6 months to 10 years, with NRE minimum-tenure rules differing. | Tenure from 6 months to 10 years in multiples of 3 months; monthly instalment is fixed after account opening and auto-debit can be used from the linked savings account. |
| Compounding / deposit features | Interest is calculated from each instalment date using Actual/Actual quarterly compounding; standing-instruction funding and loan facilities are available under current terms. | Rate fixed on the opening date for the full tenure, quarterly interest calculation, no account-opening charge and automatic monthly debit support. |
| Missed instalments / premature closure | The instalment amount cannot be changed after booking; overdue instalments and premature closure can reduce realised returns or attract the bank's current penalty rules. | A missed instalment may attract a ₹12 per ₹1,000 per month penalty; premature closure follows the bank's current deposit rules and can reduce the maturity amount. |
| Eligibility | Eligible resident/NRO/NRE customers subject to HDFC Bank deposit KYC and customer-category rules; senior rates apply only where the current table allows them. | Eligible ICICI Bank customers under current deposit-opening and KYC rules; senior-citizen rate eligibility follows the bank's current definition. |
| Contracted rate / booking condition | The contracted rate is set by the tenure and customer category when the RD is booked; the current table uses different effective dates for different tenure rows. | The monthly instalment cannot be modified after booking, and the contracted rate remains fixed even if the bank later revises new-deposit rates. |
These are nominal annual rates from the reviewed first-party schedules. Effective dates can differ, and no universal winner is inferred from one tenure.
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| Tenure | HDFC Bank Recurring Deposit | ICICI Bank Recurring Deposit |
|---|---|---|
| 6 months | 4.25% · senior 4.75% | 4.50% · senior 5.00% |
| 9 months | 5.50% · senior 6.00% | 5.50% · senior 6.00% |
| 1 year | 6.25% · senior 6.75% | 6.25% · senior 6.75% |
| 18 months | 6.45% · senior 6.95% | 6.30% · senior 6.80% |
| 2 years | 6.45% · senior 6.95% | 6.30% · senior 6.80% |
| 3 years | 6.45% · senior 6.95% | 6.45% · senior 6.95% |
| 4 years | 6.50% · senior 7.00% | 6.50% · senior 7.10% |
| 5 years | 6.40% · senior 6.90% | 6.50% · senior 7.10% |
Schedule reference: March 6, 2026. HDFC recurring-deposit tenure table; individual tenure rows carry their own effective dates, with the latest reviewed change among highlighted tenures on 6 March 2026.
Schedule reference: December 29, 2025. ICICI recurring-deposit tenure table effective 29 December 2025.
A useful comparison shows what can make either option unsuitable instead of averaging those conditions into a score.
These tools help narrow or inspect the records. They do not replace bank eligibility, live pricing or account-specific controls.
One side's source depth or freshness never fills a gap in the other record.
These are the exact source URLs already attached to the two research records. Re-open the controlling documents before relying on a fee, rate, limit, eligibility rule or benefit.
Reviewed September 9, 2026 · 3 attached first-party sources
Reviewed September 9, 2026 · 3 attached first-party sources