How much interest is being given on RD in SBI, ICICI and HDFC Bank?


RD interest rate: How much interest is available on RD in SBI, ICICI and HDFC Bank

RD Interest Rate: At present, almost all the banks are giving more than 7 percent interest on RD. RD is a good option for safe investment. In this one has to invest every month. Its special thing is that it gives less interest than FD and more interest than savings account.

sbi rd interest rates

SBI offers recurring deposits at interest rates of 6.50% to 7% per annum to other depositors, and 7.35% to 7.5% to senior citizens with a minimum monthly deposit of ₹100. The tenure of SBI RD ranges from 1 year to 10 years. These rates are effective from 27 December 2023.

1 year to less than 2 years 6.80%

2 years to less than 3 years 7.00%

3 years to less than 5 years 6.50%

6.50% for 5 years and 10 years

hdfc rd interest rates

The interest rates on RD in HDFC range from 4.50% to 7% per annum for general people and 5% to 7.75% for senior citizens. One can open an HDFC recurring deposit account with a minimum deposit of ₹1,000 with a tenure ranging from 6 months to 10 years. These rates are effective from 24 January 2023.

6 months 4.50%

9 months 5.75%

12 months 6.60%

15 months 7.10%

24 months 7.00%

27 months 7.00%

36 months 7.00%

39 months 7.00%

48 months 7.00%

60 months 7.00%

90 months 7.00%

120 months 7.00%

ICICI Bank RD Interest Rates

ICICI offers two types of recurring deposits, namely RD for regular citizens which offers an interest of 4.75% to 7.10%, and RD for Senior Citizens which offers 5.25% to 7.60% for senior citizens. The investment tenure ranges between 6 months to 10 years and the minimum amount required is Rs. 500. 24 February 2023

6 months 4.75%

9 months 6.00%

12 months 6.70%

15 months 7.10%

18 months 7.10%

21 months 7.10%

24 months 7.10%

27 months 7.00%

30 months 7.00%

33 months 7.00%

36 months 7.00%

More than 3 years up to 5 years 7.00%

Above 5 years to 10 years 6.90%



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