Gramin Bank Recurring Deposit Interest Rate Feb 2023

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 Bank7.10%6.25%6.25%
Saptagiri Grameena Bank7.05%7.10%6.25%
Puduvai Bharathiar Grama Bank6.60%6.75%6.50%
Pallavan Grama Bank6.50%6.60%6.60%
Vidharbha Konkan Gramin Bank6.50%6.75%6.75%
Pandyan Grama Bank6.50%6.60%6.60%
Andhra Pragathi Grameena Bank6.30%6.60%6.60%
Jammu And Kashmir Grameen Bank6.25%5.75%6.00%
Kaveri Grameena Bank6.25%6.00%6.00%
Pragathi Krishna Gramin Bank6.25%6.00%6.00%
Telangana Grameena Bank6.00%5.90%5.80%
Bangiya Gramin Vikash Bank6.00%5.75%5.75%
Karnataka Vikas Grameena Bank6.00%6.50%6.50%
Kerala Gramin Bank6.00%7.00%6.75%
Andhra Pradesh Grameena Vikas Bank5.95%5.85%5.95%
Utkal Grameen Bank5.80%5.60%5.65%
Meghalaya Rural Bank5.75%5.75%5.75%
Sarva Haryana Gramin Bank5.70%5.80%5.80%
Odisha Gramya Bank5.70%6.10%6.10%
Himachal Pradesh Gramin Bank5.60%5.70%5.80%
Uttarakhand Gramin Bank5.60%5.80%5.85%
Sutlej Kshetriya Gramin Bank5.50%5.80%5.80%
Arunachal Pradesh Rural Bank5.50%5.65%5.70%
Punjab Gramin Bank5.50%5.80%5.80%
Malwa Gramin Bank5.50%5.80%5.80%
Uttar Banga Kshetriya Gramin Bank5.50%5.15%5.10%
Gramin Bank Of Aryavart5.40%5.50%5.50%
Narmada Jhabua Gramin Bank5.40%5.40%5.40%
Allahabad Up Gramin Bank5.40%5.50%5.50%
Central Madhya Pradesh Gramin Bank5.40%5.40%5.40%

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.