Latest recurring deposit (RD) interest rates in India in Nov-2013
Latest RD interest rates in India indicate that in the last one month, several public sector banks have increased interest rates. 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: No change in RD rates.
Private Sector Banks: Yes bank has increased RD rate for 2 years RD. Kotak bank has reduced 3 years RD rate.
Public Sector Banks: Allahabad Bank, Canara Bank, Karnataka Bank, PNB and SBH have increased the RD rates. For the short term, Allahabad and Andhra bank has reduced the recurring deposit 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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Suresh
Latest recurring deposit (RD) interest rates in India in Nov-2013
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3 comments
Add a comment ↓Hi Suresh,
I am reading your blog from last 6 months, It is helped me lot for my financial planning. I really appreciate your hard work on exploring the financial products.
Require some help or I can say some articles on below.
I want to know some suggestion on Financial Future plan for Children Education, marriage and settlements etc. Want to know best children education plan from insurance companies or best mutual funds to invest (SIP) or best equity for long term. Also portfolio for children.
Regards/Gireesh
Gireesh, If you ready my article, I do not recommend investors to invest in children educational plans. They offer only 4% to 5.5% returns along with risk coverage. However you can look for considering term insurance plan with low premiums and balance you can invest in good large cap mutual funds. In mutual funds you can look to Invest in largecap or diversified funds like ICICI Pru focussed blue chip fund,BNPP Equity fund, UTI India life style fund or UTI Opps fund or Quantum long term equity fund and Birla SL Gen Next. You can pick any of these funds.
Thanks for this insight. was palnning to go through RD rates from banks to get a new RD going. Found it here, saved time, thanks a lot.