Bank RD Interest Rate: Many banks of the country including IDBI Bank, Yes Bank are currently offering more than 7% interest on Recurring Deposit.
Bank RD Interest Rates: Recurring deposit is one of the risk free investment methods. A fixed amount has to be invested every month in RD. Banks also offer interest on this. Interest rates of different banks in India are also different. Many banks including SBI, PNB are offering 4-6.5% interest on RD. There are some banks which are currently offering more than 7 percent interest on RD scheme. Some such banks are mentioned here.
IDBI Bank
This bank is offering 7-7.15% interest to common citizens. Whereas for senior citizens the interest rate ranges from 7.50% to 7.65%.
Yes Bank
Yes Bank is offering 5.50% to 7.25% interest to senior citizens. The interest rate for ordinary citizens is 5-6.5%.
IDFC Bank
This bank is also offering attractive interest to customers on recurring deposits. The interest rate for general citizens ranges from 6.75% to 7.25%. Senior citizens are also getting equal interest.
Jana Small Finance Bank
This bank is giving maximum interest of 7.25% to senior citizens. Whereas ordinary citizens are getting 5.50% to 6.75% interest on RD.
