Here Are Recurring Deposit Interest Rates Of Top Lenders

A recurring deposit or RD account enables the investor to contribute a fixed amount of money at regular intervals, and generates interest income. Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against a fixed return, an RD account allows the investor to put in a fixed amount of funds at regular intervals; for instance, every month. RD interest rates are subject to change from time to time. Last week, private sector lender ICICI Bank revised its RD interest rates..(Also read: Latest fixed deposit interest rates paid by banks).Here is a comparison of RD interest rates paid by State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank:.State Bank of India.SBI offers the following interest rates on RDs with effect from May 9, 2019, according to the bank's website - sbi.co.in:.table.sbi_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbi_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbi_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbi_tab th:last-child, table.sbi_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbi_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.sbi_tab th, table.sbi_tab td, table.sbi_tab th:nth-child(n+1), table.sbi_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . Tenors General public (% p.a.) Senior citizens (% p.a.) 1 year to less than 2 year 6.8 7.3 2 years to less than 3 years 6.8 7.3 3 years to less than 5 years 6.8 7.3 5 years and up to 10 years 6.85 7.35 .Punjab National Bank.PNB offers the following interest rates on RDs with effect from May 1, 2019, according to the bank's website - pnbindia.in:.table.pnb_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.pnb_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: left; } table.pnb_table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table.pnb_table td:last-child, table.pnb_table th:last-child { border-right: none; } .scroll { overflow: auto; } @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.pnb_table, thead.pnb_table, tbody.pnb_table, th.pnb_table, td.pnb_table, tr.pnb_table { font-size: 14px; } table.pnb_table th.pnb_table, table.pnb_table td.pnb_table { padding: 4px; } table.pnb_table th:nth-child(), table.pnb_table td:nth-child(), { display: none; } } . Tenors General public (% p.a.) Senior citizens (% p.a.) 180 days to 270 Days 6.35 6.85 222 days 6.6 7.1 271 days to less than 1 year 6.35 6.85 333 days 6.95 7.45 1 year 7 7.5 555 days 6.85 7.35 above 1 year & up to 3 years 6.75 7.25 above 3 year & up to 5 years 6.25 6.75 above 5 years & up to 10 years 6.25 6.75 .HDFC Bank.HDFC Bank offers the following interest rates on RDs with effect from March 6, 2019, according to the lender's website - hdfcbank.com:.table.hdfc_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.hdfc_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.hdfc_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; width: 30%; text-align: center; } table.hdfc_tbl th:last-child, table.hdfc_tbl td:last-child { border-right: 0; } table.hdfc_tbl td:nth-child(2), table.hdfc_tbl td:nth-child(3) { text-align: center; } @media (max-width: 480px) { table.hdfc_tbl { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.hdfc_tbl th, table.hdfc_tbl td, table.hdfc_tbl th:nth-child(n+1), table.hdfc_tbl td:nth-child(n+1) { display: table-cell; line-height: normal; } table.hdfc_tbl th:last-child, table.hdfc_tbl td:last-child { border-right: 0; } } .scroll { overflow: auto; } . Tenors General public (% p.a.) Senior citizens (% p.a.) 6 months 6.25 6.75 9 months 6.75 7.25 12 months 7.30 7.80 15 months 7.30 7.80 24 months 7.30 7.80 27 months 7.40 7.90 36 months 7.40 7.90 39 months 7.25 7.75 48 months 7.25 7.75 60 months 7.25 7.75 90 months 6.50 7.00 120 months 6.50 7.00 .ICICI Bank.ICICI Bank offers the following interest rates on RDs with effect from June 17, 2019 according to the lender's website - icicibank.com:.table.icici_tbl { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.icici_tbl th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.icici_tbl td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; width: 30%; text-align: center; } table.icici_tbl th:last-child, table.icici_tbl td:last-child { border-right: 0; } table.icici_tbl td:nth-child(2), table.icici_tbl td:nth-child(3) { text-align: center; } @media (max-width: 480px) { table.icici_tbl { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.icici_tbl th, table.icici_tbl td, table.icici_tbl th:nth-child(n+1), table.icici_tbl td:nth-child(n+1) { display: table-cell; line-height: normal; } table.icici_tbl th:last-child, table.icici_tbl td:last-child { border-right: 0; } } .scroll { overflow: auto; } . Tenors General public (% p.a.) Senior citizens (% p.a.) 6 months 6 6.5 9 months 6.5 7 12 months 6.9 7.4 15 months 7 7.5 18 months 7 7.5 21 months 7 7.5 24 months 7 7.5 27 months 7.3 7.8 30 months 7.3 7.8 33 months 7.3 7.8 36 months 7.3 7.8 Above 3 years up to 5 years 7.25 7.75 Above 5 years up to 10 years 7 7.5 .However, interest rates offered by small finance banks are often higher compared to commercial banks, and other financial institutions such as designated post offices.

Here Are Recurring Deposit Interest Rates Of Top Lenders

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