Recurring Deposit Interest Rates: ICICI Bank Vs SBI Vs HDFC Bank VS PNB

An RD or recurring deposit is a kind of term deposit wherein a fixed amount of money is deposited at fixed intervals, which generates interest income. On maturity, the depositor is paid a lump-sum amount which includes his/her periodic investments and the interest income earned on them. Earlier this week, ICICI Bank revised its interest rates on both recurring deposits and fixed deposits. Recently, big banks such as State Bank of India, HDFC Bank have also revised their interest rates. The revision in interest rates have come after the Reserve Bank of India hiked the repo rate to 6.5 per cent..Here is a comparison of recurring deposit (RD) rates offered by ICICI Bank, State Bank of India (SBI), HDFC Bank and Punjab National Bank (PNB):.Recurring deposit (RD) rates offered by ICICI Bank:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size:14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Maturity Period Rate of Interest (% p.a.) w.e.f August 14, 2018 General Senior Citizen 6 months 6 6.5 9 months 6.5 7 12 months 6.75 7.25 15 months 7 7.5 18 months 7 7.5 21 months 7 7.5 24 months 7 7.5 27 months 7.25 7.75 30 months 7.25 7.75 33 months 7.25 7.75 36 months 7.25 7.75 Above 3 years upto 5 years 7.25 7.75 Above 5 years upto 10 years 7 7.5 .Recurring deposit (RD) rates offered by State Bank of India:.Revised from July 30, 2018:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 20px; } table td:last-child, table th:last-child { } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; width: 320px; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Term Interest rate for general public (% per annum) Interest rate for senior citizens (% per annum) 7 days to 45 days 5.75 6.25 46 days to 179 days 6.25 6.75 180 days to 210 days 6.35 6.85 211 days to less than 1 year 6.4 6.9 1 year to less than 2 year 6.7 7.2 2 years to less than 3 years 6.75 7.25 3 years to less than 5 years 6.8 7.3 5 years and up to 10 years 6.85 7.35 .Recurring deposit (RD) rates offered by HDFC Bank:.Revised from August 6, 2018:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size:14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Period Interest Rate (per annum) Senior Citizen Rates (per annum) Effective From 6 Months 6.25% 6.75% June 06,2018 9 Months 6.75% 7.25% August 06,2018 12 Months 7.25% 7.75% August 06,2018 15 Months 7.25% 7.75% August 06,2018 24 Months 7.25% 7.75% August 06,2018 27 Months 7.10% 7.60% August 06,2018 36 Months 7.10% 7.60% August 06,2018 39 Months 7.10% 7.60% August 06,2018 48 Months 7.10% 7.60% August 06,2018 60 Months 7.10% 7.60% August 06,2018 90 Months 6.00% 6.50% Jan 06,2017 120 Months 6.00% 6.50% Jan 06,2017 .Recurring deposit (RD) rates offered by Punjab National Bank (PNB):.Domestic TD less than Rs 1 crore w.e.f. August 1, 2018:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size:14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Sl. No Period ROI (% p.a.) For Senior Citizen ROI (% p.a.) 1 7 to 14 days 5.7 6.2 2 15 to 29days 5.7 6.2 3 30 to 45 days 5.7 6.2 4 46 to 90 days 6.35 6.85 5 91 to 179 days 6.35 6.85 6 180 days to 270 Days 6.35 6.85 7 271 days to less than 1 year 6.35 6.85 8 1 year 6.75 7.25 9 above 1 year & upto 3 years 6.75 7.25 10 above 3 year & upto 5 years 6.25 6.75 11 above 5 years & upto 10 years 6.25 6.75 .However, small finance banks generally offer higher interest rates as compared to many leading banks.

Recurring Deposit Interest Rates: ICICI Bank Vs SBI Vs HDFC Bank VS PNB

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