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 25 Jan 2021) from below list.
|Bank Name||1 Year (p.a.)||5 Years (p.a.)||Calculate|
|North East Small Finance Bank||7.50%||6.50%|
|Utkarsh Small Finance Bank||7.25%||7.25%|
|Suryoday Small Finance Bank||7.25%||7.25%|
|Equitas Small Finance Bank||7.10%||6.75%|
|Esaf Small Finance Bank||7.00%||6.00%|
|Fincare Small Finance Bank Ltd||6.95%||%|
|The Nainital Bank||6.70%||6.90%|
|Capital Small Finance Bank||6.50%||6.25%|
|United Bank Of India||6.50%||6.00%|
|Ujjivan Small Finance Bank||6.50%||5.55%|
|Standard Chartered Bank||6.30%||%|
|Laxmi Vilas Bank||6.00%||6.00%|
|Tamilnad Mercantile Bank||5.90%||5.75%|
|Punjab And Sind Bank||5.55%||5.55%|
|City Union Bank||5.50%||5.25%|
|Karur Vysya Bank||5.50%||5.65%|
|Au Small Finance Bank||5.50%||6.50%|
|South Indian Bank||5.50%||5.60%|