Latest recurring deposit interest rates in India – May-2013
Latest recurring deposit interest rates in India – May-2013
Investment in recurring deposits in India is continued to be one of the best choice for several investors. There are no major changes in the latest recurring deposit interest rates in India. Canara Bank has marginally reduced the interest rates compared to previous month. Banks are still betting good business from recurring deposits.
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 RD account instead of compromising and depositing with their current bank.
Latest recurring deposit interest rates in India – May-2013
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Suresh
Latest recurring deposit interest rates in India
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Hi Suresh,
Is TMB is a good option for FD and RD investment.
Dina, TMB is private bank. Coming to security, all banks works under guidelines from RBI. Deposits are insured upto Rs 1 lakh. Beyond this, it is a risk. We have seen few bank instances earlier, however since they are monitored by RBI, I feel they are less risk. In case you still have doubts about this, you can go for nationalised banks. Banks like SBI are offering good interest rates.
I Think there few other banks which offers 9.5% like TMB, Dhanalakshmi Bank,Karur Vysya Bank , Lakshmi vilas bank etc.. I am not sure why you left many in the list.
Hi Ram, if you see, I have specified that the rates are for major banks only.
Always the Interest rates of the Major Banks are low compared to some smaller but reliable banks.
Good work Suresh.
Thank you!