In Bank Recurring Deposit account, a pre-specified amount is deposited at periodic intervals on a regular basis and its term is available from minimum of 6 months to a maximum of 10 years with monthly instalments of 12, 24, 36, 48, 60, 72, 84, 96, 108 and 120 months.
Whenever you want to start a RD, you would like to search for the best RD to invest in. Some other schemes offered to minors, students and parents to save money for the children. Such schemes may carry higher rates of interest. Following table will definitely help you showing RD rates offered by various banks for different tenure.
Its calculate option facilitates you to easily calculate the amount of interest earned as well as the maturity amount. The current interest rates available from different banks range between 7% and 9.25% per annum.
Find Bank Recurring Deposit Interest Rates (as on Feb 2, 2017) from below list.
|Bank Name||Recurring Interest Rates||Calculate|
|Allahabad Bank||6.50% to 7.00%|
|Andhra Bank||6.50% to 7.00%|
|Axis Bank||6.75% to 7.00%|
|Bandhan Bank Limited||7.00% to 8.00%|
|Bank Of Baroda||6.50% to 7.00%|
|Bank Of India||6.90% to 7.00%|
|Bank Of Maharashtra||6.00% to 6.50%|
|Canara Bank||6.90% to 6.90%|
|Catholic Syrian Bank Limited||6.50% to 6.75%|
|Central Bank Of India||6.90% to 7.00%|
|City Union Bank Limited||6.70% to 7.10%|
|Corporation Bank||6.90% to 7.00%|
|Dcb Bank Limited||7.20% to 7.10%|
|The Chandrapur District Central Cooperative Bank||12 Months||8.50%(p.a.)|
|Jalna Merchants Coop Bank Ltd||12 Months||8.50%(p.a.)|
|Ashoknagar Coop Bank Limited||12 Months||8.50%(p.a.)|
|Meghalaya Rural Bank||12 Months||8.25%(p.a.)|
|The Sangrur Central Cooperative Bank Ltd||12 Months||8.25%(p.a.)|
|Mizoram Rural Bank||12 Months||8.25%(p.a.)|
|Kapol Cooperative Bank Limited||12 Months||8.00%(p.a.)|
|Sangli Urban Co Op Bank Ltd Sangli||12 Months||8.00%(p.a.)|
|The Nainital Bank Limited||12 Months||7.90%(p.a.)|
|Manipur Rural Bank||12 Months||7.75%(p.a.)|
|Rbl Bank Limited||12 Months||7.75%(p.a.)|
|Bangiya Gramin Vikash Bank||12 Months||7.75%(p.a.)|
|Amanath Cooperative Bank Ltd. Bangalore||12 Months||7.75%(p.a.)|
|Bandhan Bank Limited||12 Months||7.70%(p.a.)|
|Pandyan Grama Bank||12 Months||7.70%(p.a.)|
2017 April 29 is a bank holiday in Karnataka due to Basava Jayanthi.
2017 May 01 is a bank holiday in Andaman And Nicobar Island due to Maharashtra Din/May Day.
2017 May 09 is a bank holiday in Andaman And Nicobar Island due to Birthday Of Rabindranath Tagore.
2017 May 10 is a bank holiday in Chhattisgarh due to Buddha Pournima/Sakewa.