RD Account is one such investment option in which you can deposit a part of your salary in the account or cash every month. In lieu of this, the bank gives you a fixed interest after completion of maturity.
Recurring Deposit: If you come in the working class, then investing money in Recurring Deposit (RD) is considered a good option for you. RD account is one such investment option in which you can deposit a part of your salary in the account or cash every month. In lieu of this, the bank gives you a fixed interest after completion of maturity. At present, there are many small finance banks which also give you interest above 8% on RD. Let us know about the banks that pay the highest interest on RD.
Jana Small Finance Bank
Jana Small Finance Bank is offering 7% interest on 6 months to 12 months RD, 7.50% on 12 months to 24 months RD and 7.55% on 24 months to 36 months RD to its general customers. While the bank is giving interest of 7.95%, 8.45% and 8.50% respectively to its senior citizen customers in the same time period.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is offering 8.45% interest on 1 year RD, 8.45% on 80 week RD and 8.20% on 13 months 1 day to 559 days RD to its general customers.
AU Small Finance Bank
This small finance bank is offering 7.50% interest on RDs of 13 months to 15 months, 7.50% on RDs of 16 months to 18 months and 7.75% on RDs of 25 months to 36 months to its general customers. On the other hand, the bank is giving interest of 8%, 8% and 8.25% respectively to its senior citizen customers on the same time period.
