Gramin Bank Recurring Deposit Interest Rate 20 Oct 2021

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.)5 Years(p.a.)Interest Rates
Kashi Gomti Samyut Gramin Bank9.05%9.00%RD Interest Rates
Chaitanya Godavari Grameena Bank8.00%7.00%RD Interest Rates
Saurashtra Gramin Bank7.65%7.50%RD Interest Rates
Kerala Gramin Bank7.50%6.50%RD Interest Rates
Pandyan Grama Bank7.35%7.25%RD Interest Rates
Jammu And Kashmir Grameen Bank7.30%6.50%RD Interest Rates
Pragathi Krishna Gramin Bank7.30%7.00%RD Interest Rates
Rajasthan Marudhara Gramin Bank7.25%6.50%RD Interest Rates
Telangana Grameena Bank7.25%6.60%RD Interest Rates
Andhra Pragathi Grameena Bank7.25%7.00%RD Interest Rates
Puduvai Bharathiar Grama Bank7.25%7.00%RD Interest Rates
Pallavan Grama Bank7.15%7.00%RD Interest Rates
Saptagiri Grameena Bank7.10%7.00%RD Interest Rates
Andhra Pradesh Grameena Vikas Bank7.10%6.60%RD Interest Rates
Tripura Gramin Bank7.05%6.60%RD Interest Rates
Prathama Bank7.05%6.90%RD Interest Rates
Ellaquai Dehati Bank7.00%6.75%RD Interest Rates
Karnataka Vikas Grameena Bank7.00%6.25%RD Interest Rates
Malwa Gramin Bank7.00%6.35%RD Interest Rates
Sutlej Kshetriya Gramin Bank7.00%6.35%RD Interest Rates
Sarva Haryana Gramin Bank7.00%6.60%RD Interest Rates
Punjab Gramin Bank7.00%6.35%RD Interest Rates
Narmada Jhabua Gramin Bank6.85%6.85%RD Interest Rates
Baroda Rajasthan Kshetriya Gramin Bank6.85%6.50%RD Interest Rates
Maharashtra Gramin Bank6.80%6.50%RD Interest Rates
Utkal Grameen Bank6.80%6.25%RD Interest Rates
Kaveri Grameena Bank6.80%6.50%RD Interest Rates
Allahabad Up Gramin Bank6.80%6.60%RD Interest Rates
Baroda Up Gramin Bank6.80%6.70%RD Interest Rates
Odisha Gramya Bank6.75%6.80%RD Interest Rates
Central Madhya Pradesh Gramin Bank6.75%6.25%RD Interest Rates
Mizoram Rural Bank6.75%6.50%RD Interest Rates
Meghalaya Rural Bank6.75%6.75%RD Interest Rates
Dena Gujarat Gramin Bank6.75%6.70%RD Interest Rates
Chhattisgarh Rajya Gramin Bank6.70%6.80%RD Interest Rates
Madhya Bihar Gramin Bank6.65%6.30%RD Interest Rates
Bihar Gramin Bank6.65%6.30%RD Interest Rates
Himachal Pradesh Gramin Bank6.60%6.25%RD Interest Rates
Baroda Gujarat Gramin Bank6.60%6.50%RD Interest Rates
Assam Gramin Vikash Bank6.50%6.25%RD Interest Rates
Arunachal Pradesh Rural Bank6.50%6.25%RD Interest Rates
Bangiya Gramin Vikash Bank6.50%6.00%RD Interest Rates
Vananchal Gramin Bank6.50%6.50%RD Interest Rates
Vidharbha Konkan Gramin Bank6.50%6.50%RD Interest Rates
Uttarakhand Gramin Bank6.50%6.25%RD Interest Rates
Jharkhand Gramin Bank6.50%6.15%RD Interest Rates
Paschim Banga Gramin Bank6.50%6.25%RD Interest Rates
Uttar Banga Kshetriya Gramin Bank6.40%6.30%RD Interest Rates
Purvanchal Gramin Bank6.40%6.30%RD Interest Rates
Uttar Bihar Gramin Bank6.35%6.25%RD Interest Rates
Madhyanchal Gramin Bank6.25%6.00%RD Interest Rates
Manipur Rural Bank5.75%6.00%RD Interest Rates

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.