INSUBCONTINENT EXCLUSIVE:
Institutions such as small finance banks and post offices also offer the facility of recurring deposit.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 invest fixed amount of funds at regular intervals; for instance, every month
On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and the interest income earned on them.Here is
following RD interest rates are offered by SBI, according to the bank's website - sbi.co.in:TenorsRevised For Public w.e.f
22.02.2019Revised for Senior Citizens w.e.f
22.02.20191 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
following RD interest rates are offered by ICICI Bank with effect from March 7, 2019 according to the bank's website - icicibank.com:HDFC
finance banks and post offices also offer the facility of recurring deposit.Get the latest election news, live updates and election schedule
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