- By Aditya Pratap Singh
- Wed, 24 Jan 2024 09:16 PM (IST)
- Source:JND
Recurring Deposit: If you want to invest a small amount every month, then Recurring Deposit (RD) can prove to be a good option for you. RD offers investors to deposit a fixed amount every month, which attracts a fixed return. Today, we will talk about the interest rates on recurring deposits offered by SBI, HDFC Bank, ICICI Bank, and PNB.
State Bank OF India
SBI offers RD interest rates ranging from 6.50 per cent to 7 per cent on tenures from 1 year to 10 years. the bank offers the highest interest rate on tenure less than 2 years to 3 years. These rates are effective from December 27, 2023.
Punjab National Bank
Punjab National Bank (PNB) offers RD interest rates between 6 per cent to 7.25 per cent for tenures ranging from 6 months to 10 years. The highest interest rate is available for 400-day deposits. These rates are effective from January 8, 2024.
Also Read: Home Loan: Not Only Interest Rate, There Are Many Factors That You Need To Take Care Of; Read Inside
Yes bank
The bank offers interest rates ranging from 6.10 per cent to 7.75 per cent on RD for tenures ranging from 6 months to 10 years. The highest interest rate of 7.75 per cent is available for tenures of 18 months and 21 months.
ICICI Bank
For general citizens, ICICI Bank offers RD interest rates between 4.75 per cent to 7.10 per cent for tenures of 6 months to 10 years. The bank offers the highest interest rate of 7.10% on tenures of 15, 18, 21 and 24 months. These rates are applicable from February 24, 2023.
