July-2019: Latest recurring deposit(RD) interest rates comparison in India

Recurring deposit interest rates in India (Apr-2013)Latest recurring deposit interest rates comparison in India (Updated July-2019)

In the last couple of months, banks have lowered the fixed deposit interest rates and latest recurring deposit interest rates. While comparing latest RD rates with various banks in India indicate that banks are still betting good business on recurring deposits, however offering competitive interest rates. Investment in recurring deposits in India is continued to be one of the best choice for several investors. Due to various features associate with it, these are continuously gaining momentum as investors believe these as a safe investment option. We are publishing the latest major banks recurring deposits interest rates month on month as part of creating awareness among investors to choose the best one instead of compromising and depositing with their current bank. 

Latest recurring deposit interest rates comparison in India – November, 2018


Best Recurring Deposit Interest Rates in Bank in July 2019 in India

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Suresh

Latest recurring deposit interest rates in India

Suresh KP

188 comments

  1. Hi Suresh,
    Your blog is really good! I am a doctor by profession and don’t much understand markets and mutual funds. I’m investing or shall I say saving about 40,000 a month in RD.Its giving me about 8.75-9% interest for a period of 5 years.
    I had some sips going on for some time, nothing much about 2-3K every month..
    Do you think its possible to invest a bigger amount say 10-20k anywhere is market? purely to save on the tax that i’ll have to pay after maturity of my RD’s. and how safe are these?
    Thanks a lot

    1. Hello Dr. Ruhi, Many investors comment on this blog that they are investing Rs 20K to Rs 1 Lakh per month through SIP and they have been enjoying good returns. Principle to get good returns is keep investing for long term and don’t invest for short term. This is where you can expect good returns.

  2. Can i invest in mutual fund (balanced fund) for 5 years to get good returns. I am planning to invest 25 Lakhs and expecting returns of 20% Annualized or atleast doubling my investment. Please advice.

    1. Invest for 8-10 years. You can still invest for 5 years, however you may not expect good returns. It depends on the markets during the period. Don’t invest lump-sum as markets are peak. Invset thru SIP

  3. Hi Suresh

    Can you please advice if investing in SIP through MFs is better option to get 35 Lakhs in 3 years or RD? I am looking at investing 60K per month to get 35 Lakhs in three years?

    which option should be better for me?

    Thanks,
    Suresh

    1. Investing in mutual funds for such short period of 3 years would be risky. If you can, you can invest in debt mutual funds. You can get tax benefits which would be computed through indexation.

      1. Can u please suggest which are the bedt debt fund where I can invest and also get tax benefits for investing for only 3 years.

  4. These are not recurring deposit rates, but FD. I think you do not know the difference between RD and FD. Recurring deposit is the amount that get deducted every month from your account. Axis bank now provides 4% interest rate for RD. Please do not mislead people.

    1. Anisur, Thanks for your comments. 4% interest is on SB account and no one would do recurring deposit at 4%. Talk to Axis customer support team and get back to me. I am happy to assist you . What do you do and where you are investing your money? I would love to hear from you.

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