Recurring deposit interest rates in India in Feb-2014

Bank RD Rates in India Feb 2014; Recurring deposit ratesRecurring deposit interest rates in India in Feb-2014

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

Bank RD Rates in India Feb 2014; Recurring deposit interest rates-Feb-2014

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Recurring deposit interest rates in India in Feb-2014


Suresh KP


  1. Hi I’m a new to this web site. My present income is 32k and I’m salaried person. I want to invest which yield highest gauranteed returns. I’m ready to invest 4k per month rt now. Would u please advice

  2. I have Rs. 7000/- disposable per month in hand for investment , My salary is 30000/- and I am a Govt employee…will get pension after retirement.I Have a home loan for that Rs. 8340/- is deducted per month from my salary . I want to buy gold jewellery and invest in recurring, is it viable for me? Please advice as I am confused.

  3. Hi, This is a great service. I am seeking advice on:

    I will get Rs.50000/ from an RD in March 2014. I would like to put it in SBI Dynamic Bond Fund and planning to opt SWP worth Rs.2500/ month to SBI Emerging Business fund, which I want to invest for next 25 years. In November 2014, I will get another 50000. I want to add this amount also to the same SBI Dynamic Bond Fund and continue with the SWP. After 40 months, I will continue SBI Emerging Business fund through SIP. My questions are;

    a) Shall I add on the 50000 rupees in November 2014 to debt fund, which I started in March?

    b) After exausting the amount in debt fund, shall I continue the equity fund via SIP?

    c) Please share your thoughts, if any other better idea. (My intension is to deploy the lump sum amount which I get this year to some long term wealth creation avenues.) 

    Looking forward to your advice,



    1. Ajith, Concept is good, but there is flaw. SBI Dynamic bond fund should be considered for long term debt fund investment purpose. If you want to do STP or SWP and invest in SBI emerging bus fund, you can do that. However select ultra short term debt funds for this purpose. You can search for top funds in this ultra short term category on our blog (right hand side search option). You can select funds in such a way that there is an option to do STP (Systematic transfer plan) to another fund in same mutual fund house. 

      1. Dear Shri. Suresh,

        Thank you for your prompt response and advice. I will select an ultra short term fund. With regard to my questions (a) & (b), I assume that I could add on to the same fund later and also I could continue after exausting the lumpsum amount. 

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