In Recurring Deposit (RD), you keep depositing a fixed amount every month. In this, you can get a very good return by depositing a fixed amount every month with an attractive interest rate on it. Also, you can save money for some of your emergency needs by depositing a fixed amount in it every month. In such a situation, you should also have information about the interest given on RD in different banks.
Recurring Deposit (RD) is considered one of the best options for investment. In this, you keep depositing a fixed amount every month. In this, you can get a very good return by depositing a fixed amount every month with an attractive interest rate on it. Also, you can save money for some of your emergency needs by depositing a fixed amount in it every month. In such a situation, you should also have information about the interest paid on RD in different banks.
SBI RD Interest Rate
SBI offers interest rates ranging from 6.80% to 7% on recurring deposits for tenures ranging from one year to ten years. The minimum monthly deposit in SBI starts from Rs 100 and in multiples thereof. On the other hand, if you delay in paying the installment of your RD, then you will have to pay a fine on it. On the other hand, if you miss six consecutive installments, then your account will be closed prematurely.
HDFC Bank RD Interest Rate
HDFC Bank offers interest ranging from 4.50 percent for a period of 6 months. And the interest rate offered for 9 months, 12 months and 15 months is 5.75%, 6.60% and 7.10% respectively. For tenures of 24 months, 27 months, 36 months, 39 months, 48 months, 60 months, 90 months and 120 months, HDFC Bank offers 7% interest rate.
ICICI Bank RD Interest Rate
ICICI Bank offers interest rates between 4.75% to 7.10% for general citizens and 5.25% to 7.50% for senior citizens. According to the website of ICICI Bank, RD deposits will be available from 6 months to 10 years.
Yes Bank RD Interest Rate
Yes Bank offers interest ranging from 6.10% to 7.75% for tenures ranging from 6 months to 5 years. RD can also be scheduled for tenancy up to 3 months. Bank will charge 1% penalty on late payment.
PNB RD Interest Rate
Punjab National Bank offers interest ranging from 4.50% to 7.25% with tenure ranging from 6 months to 120 months. If you delay depositing your RD installments then you will have to pay a penalty of Re 1 on Rs 100.
