Recurring Deposit
A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Indian Banks. It is an investment tool which allows people to make regular deposits and earn decent returns on the investment.
| SI NO. | Period of Deposit | General Rate | Senior Citizen | Bulk Deposit (Above 15 Lakhs) |
|---|---|---|---|---|
| 1 | 46 Days To 90 Days | 5.00% | 5.25% | 5.25% |
| 2 | 91 Days To 180 Days | 6.00% | 6.25% | 6.25% |
| 3 | 181 Days To 364 Days | 6.50% | 6.75% | 6.75% |
| 4 | 1 Year To 2 years | 8.75% | 9.00% | 9.00% |
| 5 | Above 2 years | 8.25% | 8.50% | 8.50% |