Sunday, December 30, 2012

Recurring Deposit Interest Rate of Banks in India (Last Updated : January,2017)

Recurring Deposit is the best way for people who wants to save a small amount of money monthly from their  income.With this savings one can easily accumulate a big amount of money for their future goal.

I am giving a small example- Suppose Mr. Kumar dreams for a bike for a long time but he has not ability to buy a bike by giving money in a single time,so he open a recurring account with IDBI Bank.He have to pay Rs.95000 /- for bike.So he planned to save Rs. 6000 /- per month with 9.0 % interest rate for 15 months.Now his accumulated amount will be about Rs. 96000 /- as about RsRD Interest Rate. 6000 /- as interest .His dream become true after 15 months.

This is the power of a recurring deposit,one of the best small savings.

Now we will give a small guidance on recurring deposits interest rates,safety and more.

 

Recurring Deposit Interest Rates  (Last Updated - January 2017 )


[table id=21 /]



Recurring Deposit Interest Rates for Senior Citizen  (Last Updated - January 2017 )


[table id=20 /]


This above is the current scenario of Interest Rates at Banks in India.

Use this HDFC Bank’s Calculator for calculating Interest of Recurring Deposit.
Share This
Previous Post
Next Post

Pellentesque vitae lectus in mauris sollicitudin ornare sit amet eget ligula. Donec pharetra, arcu eu consectetur semper, est nulla sodales risus, vel efficitur orci justo quis tellus. Phasellus sit amet est pharetra

2 comments:

  1. I totally agree with you that <a href="http://www.axisbank.com/personal/deposits/recurring-deposits/recurring-deposits-features.aspx" rel="nofollow">recurring deposit</a> is a perfect way for the people who want to save some little amount of money from their total expenses.I personally have recurring deposit account and its really very helpful for me.

    ReplyDelete
  2. thank you sri kanta for the updated interest rates. i have opted for iob. if possible update on the highest rd interest rate and bank in tamilnadu

    ReplyDelete