INSUBCONTINENT EXCLUSIVE:
Institutions such as small finance banks and post offices also offer the facility of recurring deposit.Recurring Deposit (RD) is a kind of
term deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income
Unlike a fixed deposit (FD) account, in which a lump-sum amount is locked in for a defined period against a fixed return, a recurring
deposit (RD) account allows the investor to invest fixed amount of funds at regular intervals; for instance, every month
On maturity, the depositor is paid a lump-sum amount which includes the periodic investments and the interest income earned on them.Here is
a comparison of recurring deposit (RD) rates offered by State Bank of India, Punjab National Bank, Kotak Mahindar Bank,ICICI Bank and HDFC
22.02.2019Revised for Senior Citizens w.e.f
22.02.20191 year to less than 2 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10
years6.857.35Punjab National BankThe following RD interest rates are offered by PNB, according to the bank's website -
pnbindia.in:PeriodGeneral publicSenior citizen180 days to 270 Days6.356.85222 days6.67.1271 days to less than 1 year6.356.85333 days7.17.61
year6.757.25555 days6.857.35above 1 year up to 3 years6.757.25above 3 year up to 5 years6.256.75above 5 years up to 10 years6.256.75Kotak
Mahindra BankThe following RD interest rates are offered by Kotak Bank, according to the bank's website - kotak.com:Recurring deposit
Months7.00%7.50%15 Months7.20%7.70%18 Months7.20%7.70%21 Months7.20%7.70%24 Months7.10%7.60%27 Months7.10%7.60%30 Months7.10%7.60%33
following RD interest rates are offered by ICICI Bank with effect from March 7, 2019 according to the bank's website - icicibank.com:HDFC
finance banks and post offices also offer the facility of recurring deposit account.Get the latest election news, live updates and election
schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
