We compare the Recurring Deposit Interest Rates (or RD Interest Rates) across 40 major banks in India so that you can invest in the best RD. Recurring Deposit is very popular way to save money especially for people with regular income or house wives. This is because RD forces you to save a fixed amount for pre-defined period. At maturity you are paid the accumulated amount which you can put to good use. For e.g. if you deposit Rs 1,000 every month for 5 years at 7%, you would get about Rs 72,000 at maturity.
You might want to bookmark this page as the RD interest rates would be updated every month which would help you in making better decision.
Recurring Deposit Features
- Most banks offer RDs for tenure of 6 months to 10 Years
- The tenure of RD can be in multiple of 3 months
- The amount of instalment and number of instalment cannot be changed after opening of the account
- The interest…