RD Interest Rates of Top Banks May 2019

In this article you will find the Recurring Deposit (RD) Interest Rates provided by major banks in India. These interest rates are as on last updated by the respective websites.

Below are the Recurring Deposit (RD) Interest Rates offered by major banks for various durations :

Recurring Deposit (RD) Interest Rates for tenure up to 2 years

 Recurring Deposit Interest Rates of Major Banks for Tenure up to 2 years
Source : Bank website
Recurring Deposit Interest Rates of Major Banks for Tenure up to 2 years
Source : Bank website
 Recurring Deposit Interest Rates of Major Banks for Tenure up to 2 years
Source : Bank website
Recurring Deposit Interest Rates of Major Banks for Tenure up to 2 years
Source : Bank website

Recurring Deposit (RD) Interest Rates for tenure from 2 years up to 10 years

Recurring Deposit Interest Rates of Major Banks for Tenure above 2 years upto 10 years 
Source : Bank Website
Recurring Deposit Interest Rates of Major Banks for Tenure above 2 years upto 10 years
Source : Bank Website
 Recurring Deposit Interest Rates of Major Banks for Tenure above 2 years upto 10 years 
Source : Bank Website
Recurring Deposit Interest Rates of Major Banks for Tenure above 2 years upto 10 years
Source : Bank Website

Notes :

  1. Citibank provides RD’s with minimum tenure of 1 year and maximum tenure of 2 years.
  2. All the banks mentioned above offer 50% extra interest rates for senior citizens.
  3. Only Bandhan Bank offers 0.75% extra interest rates for senior citizens. And Axis Bank provides variable higher interest rates for senior citizens.

Summary

  • DBS Bank provides the highest interest rates 7.50% on RD’s for maximum tenure(120 months), while Yes Bank provides the highest interest rates 6.85% on RD’s for minimum tenure(6 months).
  • IndusInd Bank provides the highest interest of 8% for the tenure from 12 months to 24 months.
  • Bandhan Bank, HDFC Bank, Kotak Mahindra Bank, IndusInd Bank, Yes Bank, DBS Bank and IDFC Bank also provide high and competitive interest rates on RDs.

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