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 Recurring Deposit Interest rates offered by various banks for different tenure.
In order to know your recurring account interest rates, you can use "Recurring Interest Calculator". You can check major bank's recurring interest rates like Axis Bank, State Bank of India, Central Bank etc.
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 6.50% and 6.75% per annum.
Find Bank Recurring Deposit Interest Rates (as on 08 Feb 2023) from below list.
|Bank Name||1 Year (p.a.)||5 Years (p.a.)||Calculate|
|Ujjivan Small Finance Bank||7.50%||6.50%|
|Utkarsh Small Finance Bank||7.15%||6.25%|
|Equitas Small Finance Bank||7.10%||6.75%|
|Suryoday Small Finance Bank||7.00%||6.00%|
|Fincare Small Finance Bank Ltd||6.75%||%|
|Capital Small Finance Bank||6.50%||6.35%|
|South Indian Bank||6.40%||6.00%|
|United Bank Of India||6.30%||6.10%|
|Oriental Bank Of Commerce||6.30%||6.10%|
|Union Bank Of India||6.30%||6.70%|
|Punjab National Bank||6.30%||6.10%|
|Karur Vysya Bank||6.30%||6.10%|
|City Union Bank||6.25%||6.90%|
|Idfc First Bank||6.25%||6.00%|
|Jammu And Kashmir Bank||6.25%||6.00%|
|Standard Chartered Bank||6.15%||%|
|State Bank Of Bikaner And Jaipur||6.10%||6.10%|
|Kotak Mahindra Bank||6.10%||6.20%|