Here Are Recurring Deposit Interest Rates Of Key Lenders

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, Yes Bank, ICICI Bank and HDFC Bank:.State Bank of India: .The following RD interest rates are offered by SBI, 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 Revised For Public w.e.f. 22.02.2019 Revised for Senior Citizens w.e.f. 22.02.2019 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 .Yes Bank.The following RD interest rates are offered by Yes Bank, according to the bank's website - yesbank.in:.table.yes_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.yes_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.yes_table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; text-align: center; } table.yes_table td:last-child, table.yes_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.yes_table, thead.yes_table, tbody.yes_table, th.yes_table, td.yes_table, tr.yes_table { font-size: 14px; } table.yes_table th.yes_table, table.yes_table td.yes_table { padding: 4px; } table.yes_table th:nth-child(), table.yes_table td:nth-child(), { display: none; } } . RD rates from March 5, 2019 Period Interest Rate (per annum) Senior Citizen Rates (per annum) 6 Months 6.85% 7.35% 9 Months 7.15% 7.65% 12 Months 7.25% 7.75% 15 Months 7.25% 7.75% 18 Months 7.25% 7.75% 21 Months 7.25% 7.75% 24 Months 7.25% 7.75% Above 2 years up to 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; } } . Maturity Period General Senior Citizen 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 upto 5 years 7.25 7.75 Above 5 years upto 10 years 7 7.5 .HDFC Bank.The following RD interest rates are offered by Yes 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; } } . 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 7.30% 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.

Here Are Recurring Deposit Interest Rates Of Key Lenders

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