RD Interest Rates of Top Banks July 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 July 2019
Source : Bank website
Recurring Deposit Interest Rates of Major Banks for Tenure up to 2 years July 2019
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 July 2019
Source : Bank Website
Recurring Deposit Interest Rates of Major Banks for Tenure above 2 years upto 10 years July 2019
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 0.50% 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

  • RBL Bank provides the highest interest rates 7.65% on RD’s for maximum tenure (120 months), while IndusInd Bank provides the highest interest rates 7.60% on RD’s for minimum tenure (6 months).
  • IndusInd Bank also provides the highest interest of 7.75% for the tenure from 18 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.