For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Best Interest Rates On Recurring Deposit In India

|

Recurring Deposit can be a good approach for those who are looking to save on monthly basis. Ideal for those who are risk averse and looking for decent returns.

Interest earned on RDs are not tax free, so it is best for people who fall in lower income tax bracket.

If one wants to avoid TDS on RDs can do so by investing in Post Office Recurring Deposits

 

Post Office recurring deposit offers interest rates at 8.4 per cent which is compounded quarterly.

In Union Budget 2015, the finmin notified that TDS will be applicable on the bank recurring deposits and calculated as per tax slabs. However, not applicable on post office RDs.

Best Interest Rates On Recurring Deposit

Latest Interest rates on Recurring deposits

Bank name Tenure Interest Rate
Bank Of India 1 year-3 years 8.25 percent
State Bank of Hyderabad 2 years 8.50 percent
Andra Bank 1-2 years 8.25 percent
Allahabad Bank 2-5 years 8.25 percent
Ratnakar Bank 1-2 years 8.85 percent
Yes Bank 1-5 years 8.25 percent
Karnataka Bank 1 year 8.35 percent
Lashmi Vilas bank 1 year 8.60 percent
DCB Bank 2-5 years 8.60 percent
Central Bank of India 1 year 8.35 percent
Dhanalakshmi Bank 1-2 years 8.30 percent
Indus Ind Bank 1 year 8.35 percent

Note that interest rates tend to change without notification. Please verify from the respective bank before locking the amount.

GoodReturns.in

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more