Latest recurring deposit interest rates in India indicate that in the last two months, there is mixed reaction among various banks. This article would provide the latest recurring deposit interest rates and comparison with previous rates along with a comparison statement of recurring deposit interest rates of various banks.
Private Banks: Citibank has reduced 1, 3, 4 and 5 years Recurring deposit interest rates. Deutsche bank has reduced the FD rates for a 3 year tenure.
Private Sector Banks: Kotak bank has increased the RD rates for 1 year and Karnataka Bank has increased the rates for 4 years recurring deposit.
Public Sector Banks: Bank of India and Union Bank of India has increased the RD rates in India. Repco bank has reduced 1 year and 2 year RD rates. However, it increased 3 years RD rate to attract medium term investors.
Investment in recurring deposits (RD) in India is continuing to be one of the best investment options 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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Suresh
Recurring deposit interest rates in India in Feb-2014
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