INSUBCONTINENT EXCLUSIVE:
Recurring deposit interest rates, once determined, do not change during the tenure.Recurring Deposit (RD) is a kind of term deposit under
which one needs to deposit a fixed amount at fixed interval, which generates interest income
Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against a fixed return, a recurring
deposit (RD) account allows the investor to park a fixed amount of funds at regular intervals; for instance, every month
a comparison of recurring deposit (RD) rates offered by State Bank of India (SBI), IndusInd Bank, HDFC Bank and ICICI Bank:State Bank of
IndiaRecurring deposit rates offered by SBI:TenorsRevised For Public w.e.f
28.11.2018Revised for Senior Citizens w.e.f
28.11.20187 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less
than 2 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10 years6.857.35(Source:
Months88.515 Months88.518 Months88.521 Months88.524 Months7.5827 Months7.5830 Months7.5833 Months7.583 years - less than 5 years7.585 years
annum)Effective From6 Months6.25%6.75%June 06, 20189 Months6.75%7.25%August 06, 201812 Months7.30%7.80%November 06, 201815
Months7.30%7.80%November 06, 201824 Months7.30%7.80%November 06, 201827 Months7.40%7.90%November 06, 201836 Months7.40%7.90%November 06,
201839 Months7.25%7.75%November 06, 201848 Months7.25%7.75%November 06, 201860 Months7.25%7.75%November 06, 201890 Months6.50%7.00%November
November 15, 2018Maturity PeriodGeneralSenior Citizen6 months6.256.759 months6.5712 months6.97.415 months7.17.618 months7.17.621
months7.17.624 months7.17.627 months7.5830 months7.5833 months7.5836 months7.58Above 3 years up to 5 years7.257.75Above 5 years up to 10
