INSUBCONTINENT EXCLUSIVE:
Recurring Deposit (RD) is a kind of term deposit under which investors need to deposit a fixed amount at a fixed interval, which generates a
guaranteed 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, an 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.RD
interest rates are subject to change from time to time
Punjab National Bank (PNB) revised its interest rates with effect from May 1, 2019, according to the lender's website.State Bank of
IndiaThe following RD interest rates are offered by SBI with effect from February 22, 2019, according to the bank's website -
less than 5 years6.87.35 years and up to 10 years6.857.35Punjab National BankThe following RD interest rates are offered by PNB with effect
from May 1, 2019, according to the bank's website - pnbindia.in:Kotak Mahindra BankThe following RD interest rates are offered by Kotak
the facility of recurring deposit account.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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Election results will be out on May 23.
