SBI RD Rates
State Bank of India (SBI), the largest lender in the nation, gives the same interest rates on FDs and RDs. Customers will get the interest rates on deposit accounts indicated below as per the bank's most recent modification, which took place on 14.06.2022.
HDFC Bank RD Rates
HDFC Bank last changed the interest rates on recurring deposits on June 17, 2022. The bank is now giving an interest rate ranging from 3.75 per cent to 5.75 per cent for non-senior citizens and 4.25 per cent to 6.50 per cent for senior citizens on making deposits in RD for a duration of 6 months to 120 months.
ICICI Bank RD Rates
Recurring Deposits at ICICI Bank will be offered for a minimum of 6 months and thereafter in multiples of 3 months up to a maximum of 10 years. The bank amended its interest rates on RDs on June 22nd, 2022, and as a result, it currently offers interest rates ranging from 3.75 per cent to 5.75 per cent for the general public and 4.25 per cent to 6.50 per cent for senior citizens.
IDFC First Bank RD Rates
Recurring deposits are available from IDFC First Bank, with maturities ranging from 6 to 120 months. One can make regular deposits at the bank with a minimum of Rs. 100 and a maximum of Rs. 75,000, respectively. Effective as of 1st July 2022, the bank is now offering an interest rate of 4.50% - 6.00% for the general public and 0.50% additional for senior citizens.
RBL Bank RD Rates
Recurring deposits at RBL Bank have a minimum duration of 7 days and a maximum term of 240 months. Additionally, a minimum recurring deposit of Rs. 1,000 can be made. The bank currently offers an interest rate on recurring deposits ranging from 3.25 per cent to 5.75 per cent for the general public and 3.75 per cent to 6.25 per cent for elderly people.
Yes Bank RD Rates
Recurring deposits are allowed by Yes Bank for periods of 6 months to 120 months. Effective as of 18th June 2022, the bank is offering an interest rate of 4.75% - 6.50% for regular customers and 5.25% - 7.25% for senior citizens.
Post Office RD
To open a 5-Year Post Office Recurring Deposit Account, a minimum deposit of INR 100 per month or any amount in multiples of INR 10 with no upper limit must be made. The post office RD account, as its name implies, has a maturity period of 5 years (60 monthly contributions) starting on the day it is opened. However, the account holder has the option to extend the account for an additional 5 years and the interest rate at when the account was initially created will be applicable on the extended account. After three years from the date of account opening, Post Office RD accounts can be prematurely closed; however, if the premature withdrawal is made even one day before maturity, the interest rate for PO Savings Accounts will apply. The Post Office RD account will continue to provide an interest rate of 5.8% per year, compounded quarterly, according to a recent decision by the Finance Ministry to maintain the rates constant for post office small savings schemes for the second quarter of FY23.
