Recurring deposit (RD) accounts offer interest rates similar to those on fixed deposit (FD) accounts. The benefit of opening a recurring deposit is that your money does not get blocked until fixed periods of time like in FDs. RDs require customers to make monthly deposits with banks, based on which RDs generate interest income for their customers. Thus, RDs provide an opportunity to customers build up savings through regular monthly deposits of a fixed sum over a period of time.
Given below are interest rates on recurring deposit (RD) accounts offered by State Bank of India (SBI), ICICI Bank, HDFC Bank and post offices
Recurring deposit (RD) interest rates offered by SBI
All figures in % per annum on deposits of less than Rs 1 crore according to SBI website, sbi.co.in:
Recurring deposit (RD) accounts offer interest rates similar to those on fixed deposit (FD) accounts. The benefit of opening a recurring deposit is that your money does not get blocked until fixed periods of time like in FDs. RDs require customers to make monthly deposits with banks, based on which RDs generate interest income for their customers. Thus, RDs provide an opportunity to customers build up savings through regular monthly deposits of a fixed sum over a period of time.
Given below are interest rates on recurring deposit (RD) accounts offered by State Bank of India (SBI), ICICI Bank, HDFC Bank and post offices
Recurring deposit (RD) interest rates offered by SBI
All figures in % per annum on deposits of less than Rs 1 crore according to SBI website, sbi.co.in:
Recurring deposit (RD) accounts offer interest rates similar to those on fixed deposit (FD) accounts. The benefit of opening a recurring deposit is that your money does not get blocked until fixed periods of time like in FDs. RDs require customers to make monthly deposits with banks, based on which RDs generate interest income for their customers. Thus, RDs provide an opportunity to customers build up savings through regular monthly deposits of a fixed sum over a period of time.
Given below are interest rates on recurring deposit (RD) accounts offered by State Bank of India (SBI), ICICI Bank, HDFC Bank and post offices
Recurring deposit (RD) interest rates offered by SBI
All figures in % per annum on deposits of less than Rs 1 crore according to SBI website, sbi.co.in:
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