Recurring Deposit Interest Rate: If you want to earn big money after a fixed period by depositing small amount, then this news is for you. To do this, Recurring Deposit (RD) can be a good option for you.
Explain that in RD you do not have to deposit the amount together like Fixed Deposit (FD). In this, you have to deposit a fixed amount in installments every month. Right now many banks are giving you up to 8% interest on RD. Let us know about those top 5 banks which are giving highest interest on RD to their customers.
Deutsche Bank
Deutsche Bank is offering 6% to 7.50% interest on RD of different tenures to its general customers. Whereas the bank is giving interest ranging from 6.50% to 7.75% on RD of different tenures to its senior citizen customers.
City Union Bank
City Union Bank is offering interest ranging from 6.70% to 7.10% for RD of different tenures to its general customers. At the same time, banks are giving interest ranging from 6.95% to 7.50% to their senior citizen customers for RD of different tenures.
DHDL Bank
DHFL Bank is offering 7.75% interest to its general customers for RD of different tenures. At the same time, banks are also giving 7.75 percent interest to their senior citizen customers for RD of different tenures.
Indian Overseas Bank
Indian Overseas Bank is offering interest ranging from 5.75% to 7.25% on RD of different tenures to its general customers. Whereas the bank is giving interest ranging from 6.25% to 7.75% to its senior citizen customers.
Bandhan Bank
Bandhan Bank is offering interest ranging from 6.50% to 7.50% to its general customers for RD of different tenures. At the same time, banks are giving 7% to 8% interest to their senior citizen customers for RD of different tenures.
