RD Interest Rates: Big news! Bumper interest is also available on RD of these 5 banks

FD vs RD: In Fixed Deposit where you have to deposit all the money in one go. Whereas, in Recurring Deposit ie RD, you can deposit money little by little. You also get strong returns on this.

If you are also making an investment plan, then this news can be of use to you. Many banks give you the option of investing in fixed deposits. But apart from this there is another investment option which can prove to be right for you. If you cannot invest a lump sum amount, then the bank offers the scheme of recurring deposit for you. You can invest little by little in this. Let us know how…

In Fixed Deposit where you have to deposit all the money in one go. Whereas, in Recurring Deposit ie RD, you can deposit money little by little. It also keeps you safe and risk free.

What is Recurring Deposit RD?

In the bank’s recurring deposit, you invest your money every month for a fixed time. On which the bank also gives you interest. In this, you can deposit money every month, three months income in 6 months. At the same time, you have to make your investment in this for 5 years. After this, if you want, you can extend it once for 5 years. In such a situation, today we have brought in front of you 5 such banks which are giving excellent returns on RD to their customers. Check list here…

These banks are giving great returns on RD

• SBI- The country’s largest bank is giving interest ranging from 6.50% to 7% on recurring deposits of 1 to 10 years to its customers.
• HDFC- HDFC, the largest private sector bank, is offering interest ranging from 4.50% to 7.10% on recurring deposits of 6 months to 10 years to its customers. The bank is giving the highest interest of 7.10% to its customers on 15 months recurring deposit.
• ICICI Bank- Talk about ICICI Bank, then it is giving interest ranging from 4.75% to 7.10% on recurring deposits ranging from 6 months to 10 years to its customers. Maximum bank is giving interest on recurring deposit of 15, 18, 21 and 24 months. It is offering up to 7.10% interest to its customers.
• Indusind Bank- The bank is giving 6.25% to 7.75% interest to its customers on RD ranging from 9 months to 10 years.
• Yes Bank- Yes Bank is offering 6% to 7.50% interest to its customers on recurring deposits ranging from 6 months to 10 years.