INSUBCONTINENT EXCLUSIVE:
Small finance banks generally offer higher interest rates as compared to many leading banks.Recurring Deposit or RD is a kind of term
deposit under which one needs to deposit a fixed amount at fixed interval, which generates interest income
On maturity, the depositor is paid a lump-sum amount which includes his/her periodic investments and the interest income earned on them
Small finance banks generally offer higher interest rates as compared to many leading banks
The interest rates on recurring deposits of large banks like State Bank of India, HDFC Bank are not as high as those offered by small
finance banks such as Equitas Small Finance Bank, AU Small Finance Bank and Suryoday Bank.Here is a comparison of recurring deposit (RD)
rates offered by Equitas Small Finance Bank, AU Small Finance Bank and Suryoday Bank:Equitas Small Finance BankRecurring Deposit for
Citizens*(%)3 Months6.75%7.25%6 Months6.90%7.40%9 Months7.00%7.50%12 Months7.00%7.50%15 Months8.25%8.75%18 Months8.25%8.75%21
Months8.50%9.00%24 Months8.50%9.00%27 Months7.75%8.25%30 Months7.75%8.25%33 Months7.75%8.25%36 Months7.75%8.25%37 Months to 45
months7.50%8.00%9 months7.75%8.25%12 months8.50%9.00%15 months8.50%9.00%18 months8.50%9.00%21 months8.50%9.00%24 months8.50%9.00%27
months8.75%9.25%30 months8.75%9.25%33 months8.75%9.25%36 months8.75%9.25%Above 3 years to 5 years8.00%8.50%Above 5 years to 10
