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Gramin Bank Recurring Deposit Interest Rate 2024

Gramin Banks also offer Recurring Deposit Facility to their customers as their bank products in addition to Gramin Bank Fixed Deposit. Gramin Banks Recurring Deposit Interest Rate varies for different tenures. Gramin banks provides RD on higher interest rates as compared to other commercial banks.

It is always a good practice to compare the interest rates offered by different banks before making a final decision of opening a bank RD with any particular bank. In order to show you interest rates offered by various Gramin Banks, we are providing following table of Gramin Banks Recurring Deposit Interest Rate 19 Feb 2019. You can use Gramin Bank Recurring Deposit Calculator to calculate interest and maturity value of your RD.

Gramin Banks Recurring Deposit Interest Rate

Bank Name1 Year (p.a.)3 Years (p.a.)5 Years (p.a.)Calculate
Chaitanya Godavari Grameena Bank8.10%7.25%7.25%
Puduvai Bharathiar Grama Bank7.50%7.00%6.50%
Andhra Pradesh Grameena Vikas Bank7.15%7.00%6.75%
Jammu And Kashmir Grameen Bank7.10%6.50%6.50%
Ellaquai Dehati Bank7.10%6.50%6.50%
Pandyan Grama Bank7.05%6.90%6.90%
Pallavan Grama Bank7.05%6.90%6.90%
Saptagiri Grameena Bank7.05%7.10%6.25%
Prathama Bank7.00%6.50%6.50%
Telangana Grameena Bank6.90%6.75%6.70%
Kaveri Grameena Bank6.90%6.85%6.50%
Andhra Pragathi Grameena Bank6.85%6.70%6.70%
Himachal Pradesh Gramin Bank6.85%7.05%6.50%
Utkal Grameen Bank6.80%6.50%6.50%
Baroda Rajasthan Kshetriya Gramin Bank6.80%6.75%6.25%
Vananchal Gramin Bank6.80%6.50%6.50%
Saurashtra Gramin Bank6.80%6.50%6.25%
Sutlej Kshetriya Gramin Bank6.80%6.70%6.70%
Maharashtra Gramin Bank6.80%6.85%6.85%
Mizoram Rural Bank6.80%6.50%6.50%
Malwa Gramin Bank6.80%6.70%6.70%
Rajasthan Marudhara Gramin Bank6.80%6.50%6.50%
Jharkhand Gramin Bank6.80%6.50%6.50%
Punjab Gramin Bank6.80%6.70%6.70%
Dena Gujarat Gramin Bank6.75%6.75%6.25%
Arunachal Pradesh Rural Bank6.75%6.25%6.25%
Baroda Gujarat Gramin Bank6.75%6.75%6.25%
Sarva Haryana Gramin Bank6.75%6.75%6.75%
Kashi Gomti Samyut Gramin Bank6.65%6.50%6.50%
Baroda Up Gramin Bank6.65%6.50%6.50%

Bank Recurring Deposit (RD) is a special kind of bank product offered to its customers which allows them to deposit a fixed amount every month for a fixed pre-decided tenure and earn attractive interest which is similar to bank fixed deposit. Bank RD is suitable product for those persons who can invest regularly and do not want to take risk.

Minimum Period of RD is 6 months and maximum Period of RD is 10 years. Even minors and senior citizens can open their RD accounts and get better returns than simple savings account.

Investors are free choose the tenure of the recurring deposit and the minimum monthly payment they can make as per their convenience. The tenure and amount of monthly deposit basically depends upon following factors:

  • Financial Objective
  • Savings
  • Interest rate
  • Risk bearing capacity

With the help of bank RD, individuals can accomplish many of their long term financial objectives such as buying an asset, marriage of children, education of kids, funds to go on a vacation, etc.

 

Top Gramin Bank RD Rates

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