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 March 13, 2018) 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%|
|Nellore District Cooperative Central Bank Ltd||12 Months||9.50%(p.a.)|
|Kakinada District Cooperative Central Bank Ltd||12 Months||9.25%(p.a.)|
|Nagar Urban Co Operative Bank||12 Months||9.25%(p.a.)|
|Chittoor District Cooperative Bank Ltd||12 Months||9.00%(p.a.)|
|Esaf Small Finance Bank Limited||12 Months||8.75%(p.a.)|
|Idukki District Cooperative Bank||12 Months||8.75%(p.a.)|
|Suryoday Small Finance Bank||12 Months||8.50%(p.a.)|
|The Chandrapur District Central Cooperative Bank||12 Months||8.50%(p.a.)|
|Samarth Sahakari Bank Ltd||12 Months||8.50%(p.a.)|
|Rupee Cooperative Bank Ltd.||12 Months||8.50%(p.a.)|
|The Goa State Co Operative Bank Ltd||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.)|
|Solapur Janata Sahakari Bank Limited||12 Months||8.25%(p.a.)|
|Utkarsh Small Finance Bank||12 Months||8.25%(p.a.)|
2018 June 30 is a bank holiday in Mizoram due to Remna Ni.
2018 July 02 is a bank holiday in Andaman And Nicobar Island due to Annual Closing Of RBI.
2018 July 03 is a bank holiday in Meghalaya due to Beh Dienkhlam.
2018 July 05 is a bank holiday in Jammu And Kashmir due to Guru Hargobindji's Birthday.
2018 July 13 is a bank holiday in Arunachal Pradesh due to Bhanu Jayanti/Martyr's Day.
2018 July 17 is a bank holiday in Meghalaya due to U Tirot Sing Day.