For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Top 10 Recurring Deposits with Higher Interest Rates

|

Recurring Deposit (RD) is one the safest form of deposit that allows you to make frequent investment and to earn attractive interest on your deposit. Depositors may choose the term of the deposits and even the sum to be deposited on a regular basis. RD provides greater convenience than Fixed Deposits and is much more suited to those individuals who want to earn a regular income. Recurring Deposits are provided by all Indian banks. Interest rates vary from bank to bank generally about 6-7 per cent, which is set for a period of time. Scroll down and get to know the features of RD and highest interest rates provided by the banks.

 
Recurring Deposits with Higher Interest Rates

Benefits of RD

  • Get a flexible option of saving and you can start saving which can be as small as Rs 100
  • Choose a tenure for your deposit starting from 6 months
  • RD interest rates are similar to the interest rates provided in fixed deposits, investing in an RD gives you a higher interest rate than other bank deposit schemes
  • RD can be opened by minor also under guardian permission
  • You can also get premature and partial withdrawals in RDs with some applied charges.
  • You can also use the RD as a collateral to avail loan
  • RD is one of the best investment options with guaranteed returns.
    Recurring Deposits with Higher Interest Rates

Banks Providing Higher interest Rates in 2020

Recurring deposit interest rates continue to change periodically. The fluctuations are due to several factors and thus a solid market awareness of RD interest rates is very essential for investors.
Scroll down and get to know the highest interest rates provided by the bank for both regular and senior depositors in India.

 

Top 10 Banks Providing Higher Interest Rates on RD up to 1 Year Tenure

Bank NameRegular interest rateSenior citizen interest rateTenure for deposit up to Rs 2 Cr
ESAF Small Finance Bank8.25%8.75%1 year to 1.5 year
Ujjivan Small Finance Bank8.10%8.60%1 year to 2 year
Yes Bank7.25%7.75%1 year
IndusInd Bank7.25%7.75%1 year
DCB Bank7.00%7.50%1 year
Standard Chartered Bank6.90%7.40%1 year
HDFC Bank6.45%6.95%1 year
Axis Bank6.60%7.25%1 year
SBI6.40%6.90%1 Year to less than 2 years
Canara Bank6.50%7.00%1 Year

Top 10 Banks Providing HIgher Interest Rates on RD for Regular Depositors

Bank NameRate of InterestTenure Deposit up to 2 Year
Utkarsh Small Finance Bank9.00%456 days to less than 2 years
Ujjivan Small Finance Bank8.10%1 year to 2 years
Deutsche Bank7.75%60 months
DCB Bank8.00%36 months
IndusInd Bank7.25%1 year
Yes Bank7.75%2 year
Axis Bank7.00%2 years
HDFC Bank6.85%27 months
Canara Bank6.50%1 year
SBI6.40%1 year to less than 2 years

Top 10 Banks Providing HIgher Interest Rates on RD for Senior Citizens

Bank NameRate of InterestTenure Deposit up to 2 Year
Utkarsh Small Finance Bank9.50%456 days to less than 2 years
Ujjivan Small Finance Bank8.60%1 year to 2 years
IDFC First Bank7.75%12 months
DCB Bank8.50%36 months
RBL Bank8.15%24 months to less than 36 months
IndusInd Bank7.75%12 months
Yes Bank8.25%2years
ICICI Bank7.50%18 months
Standard Chartered Bank7.40%18 months
SBI6.90%1 year to less than 2 years

Read more about: rd re
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X