RD Investment: Many government and private banks of the country have increased the interest rate on recurring deposits. In such a situation, let us know about seven such banks of the country where customers are getting the benefit of more than 7 percent interest rate. Many banks are now offering interest rates as high as 7.6 per cent on RD. In such a situation, let us know how much interest rate you are getting on RD in different banks.
Many government and private banks of the country have increased the interest rate on their Recurring Deposit (RD) . After which now the customers are getting more returns than before on the RD scheme of the banks. Along with this, banks have also increased the interest rate on Fixed Deposit (FD) . Many banks are now offering interest rates as high as 7.6 per cent on RD. In such a situation, let us know how much interest rate you are getting on RD in different banks.
DCB Bank
This bank is paying an interest rate of 7.6 percent per annum on 5-year Recurring Deposit (RD) . On behalf of the bank, customers are being given the benefit of this interest rate on recurring deposits of less than Rs 2 crore.
Sarvodaya Small Finance Bank
This leading private sector small finance bank is offering an interest rate of up to 7.25 per cent to its customers for a tenure ranging from 5 years to 10 years. On the other hand, this interest rate for senior citizens is getting the benefit of interest rate of 7.5 percent.
Ujjivan Small Finance Bank
This leading private sector bank is giving its investors the benefit of interest rate of 7.2 per cent on recurring deposits for a period of 36 to 60 months. On the other hand, customers are getting the benefit of 6.5 per cent interest rate on FDs maturing in a period of 63 to 120 months.
Deutsche Bank
This bank is a foreign bank which is operating its operations in India. This bank is giving an interest rate of 7.25 per cent to its customers on recurring deposits. This interest rate is available on recurring deposits maturing in 60 months.
IndusInd Bank
IndusInd Bank is giving interest rate benefit of 7% to its customers on Recurring Deposits for a period of 61 months or more. At the same time, senior citizens are getting the benefit of 50 percent extra basis points on the interest rate.
Axis Bank
This largest private sector bank is offering the benefit of interest rate of 7% on recurring deposits for a period of 5 years. On the other hand, senior citizens are getting the benefit of extra 75 basis points on recurring deposits of less than Rs 5 crore.
HDFC Bank
The largest private sector bank is giving the benefit of interest rate of 7% per annum on recurring deposits. This interest rate is available on RD maturing in 5 years. Senior citizens are getting the benefit of 7.5 per cent interest rate on this bank recurring deposit.
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