Recurring Deposit Interest Rates Of Key Lenders Compared Here

Recurring Deposit (RD) is a kind of term deposit under which one needs to deposit a fixed amount at fixed interval, which 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, a recurring deposit (RD) account allows the investor to invest fixed amount of funds at regular intervals; for instance, every month. On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and the interest income earned on them..Here is a comparison of recurring deposit (RD) rates offered by State Bank of India, Punjab National Bank, IndusInd Bank, ICICI Bank and HDFC Bank:.State Bank of India .The following RD interest rates are offered by SBI with effect from February 22, 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.The following RD interest rates are offered by PNB, according to the bank's website - pnbindia.in:.table.pnb-bank { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.pnb-bank th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.pnb-bank td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.pnb-bank th:nth-child(1), table.pnb-bank td:nth-child(1) { width: 40%; text-align: left; } table.pnb-bank th:nth-child(1){ width: 40%; text-align: center; } table.pnb-bank th:last-child, table.pnb-bank td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.pnb-bank { display: table; min-width: 280px; max-width: 100%; } table.pnb-bank th, table.pnb-bank td, table.pnb-bank th:nth-child(n+1), table.pnb-bank td:nth-child(n+1) { display: table-cell; line-height: normal; padding:5px; font-size:14px; } . 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 7.1 7.6 1 year 6.75 7.25 555 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 .IndusInd Bank.The following RD interest rates are offered by IndusInd Bank, according to the bank's website - indusind.com:.table.indus_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.indus_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.indus_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.indus_tab th:last-child, table.indus_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.indus_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.indus_tab th, table.indus_tab td, table.indus_tab th:nth-child(n+1), table.indus_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . Tenors General public (% p.a.) Senior citizens (% p.a.) 12 Months 8 8.5 15 Months 8 8.5 18 Months 8 8.5 21 Months 8 8.5 24 Months 7.5 8 27 Months 7.5 8 30 Months 7.5 8 33 Months 7.5 8 3 years - less than 5 years 7.5 8 5 years - 10 years 7.25 7.75 .ICICI Bank .The following RD interest rates are offered by ICICI Bank with effect from March 7, 2019 according to the bank's website - icicibank.com:.table.icici_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.icici_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.icici_table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; text-align: center; } table.icici_table td:last-child, table.icici_table th:last-child { border-right: none; text-align: center; } .scroll { overflow: auto; } @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.icici_table, thead.icici_table, tbody.icici_table, th.icici_table, td.icici_table, tr.icici_table { font-size: 14px; } table.icici_table th.icici_table, table.icici_table td.icici_table { padding: 4px; } table.icici_table th:nth-child(), table.icici_table td:nth-child(), { display: none; } } . Tenors General public (% p.a.) Senior citizens (% p.a.) 6 months 6.25 6.75 9 months 6.5 7 12 months 6.9 7.4 15 months 7.1 7.6 18 months 7.1 7.6 21 months 7.1 7.6 24 months 7.1 7.6 27 months 7.5 8 30 months 7.5 8 33 months 7.5 8 36 months 7.5 8 Above 3 years up to 5 years 7.25 7.75 Above 5 years up to 10 years 7 7.5 .HDFC Bank.The following RD interest rates are offered by HDFC Bank, according to the bank's website - hdfcbank.com: .table.hdfc_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.hdfc_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.hdfc_table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; text-align: center; } table.hdfc_table td:last-child, table.hdfc_table th:last-child { border-right: none; text-align: center; } .scroll { overflow: auto; } @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.hdfc_table, thead.hdfc_table, tbody.hdfc_table, th.hdfc_table, td.hdfc_table, tr.hdfc_table { font-size: 14px; } table.hdfc_table th.hdfc_table, table.hdfc_table td.hdfc_table { padding: 4px; } table.hdfc_table th:nth-child(), table.hdfc_table td:nth-child(), { display: none; } } . Tenors General public (% p.a.) Senior citizens (% p.a.) Effective From 6 Months 6.25 6.75 June 06, 2018 9 Months 6.75 7.25 August 06, 2018 12 Months 7.30 7.80 November 06, 2018 15 Months 7.30 7.80 November 06, 2018 24 Months 7.30 7.80 November 06, 2018 27 Months 7.40 7.90 November 06, 2018 36 Months 7.40 7.90 November 06, 2018 39 Months 7.25 7.75 November 06, 2018 48 Months 7.25 7.75 November 06, 2018 60 Months 7.25 7.75 November 06, 2018 90 Months 6.50 7.00 November 06, 2018 120 Months 6.50 7.00 November 06, 2018 .Institutions such as small finance banks and post offices also offer the facility of recurring deposit account.

Recurring Deposit Interest Rates Of Key Lenders Compared Here

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