Latest recurring deposit interest rates in India indicate that in the last one month, there is mixed reaction among various banks. This article would provide the latest recurring deposit interest rates and comparison with previous month rates along with a comparison statement of recurring deposit interest rates of various banks.
Private Banks: Citibank has reduced 1 to 3 years Recurring deposit interest rates. HSBC bank has increased 1-2 year RD rates
Private Sector Banks: Yes bank and KVB have reduced RD interest rates for short term period of 1-2 years. Karnataka Bank has increased the RD rates.
Public Sector Banks: Bank of India and Vijaya Bank has increased the RD interest rates
Investment in recurring deposits (RD) in India is continuing to be one of the best choice for several investors.
We are publishing the latest major banks RD 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
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Recurring deposit interest rates in India in Dec-2013
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i want to know the location of repco bank at trichy and know the current rate of RD interest and FD interest
Iam planning to start RD with repco bank. So, as of today feb 2014, how do i get to know the current percentage? repco website doesnt have any of the value mentioned.
Hi Anu, Here is the bank website link which indicates the deposit rates. http://repcobank.com/deposit.html#intrate
Just want to know which Bank(public sector) provides highest rates on RD.
I have few options:
Please suggest and also looking for IOB gold Rd scheme.
Hi Golu, Based on the list, BOI provides highest RD interest.
Out of the list, Repco bank is giving attractive interest rates. However, I did not hear about this bank. Do you have any idea where it is located in Hyd?
Hi Ravi, REPCO bank at Hyderabad is located at Flat no.101, MHR House, 1st floor, S.R. Nagar, Hyderabad. You can check this link for more info. http://repcobank.com/branches.html
Could you please inform whether the RD is compounded Monthly or Quarterly or Halfyearly or Yearly.
Expecting your reply.
Hi Bala, Most of the banks do compounding on quarterly basis unless they indicate specifically that they do either monthly or half yearly or yearly.