RD Account: This Diwali or Dhanteras, if you intend to invest regularly in a safe scheme whose returns are excellent, then you can invest money in Ranking Deposit i.e. RD. If you do not have a lot of money at once and want to invest every month from your salary or savings, recurring deposit is perfect for you.
Like Fixed Deposit (FD), Recurring Deposit (RD) is also a safe investment option. Guaranteed returns are also available in this. While in FD a lump sum investment has to be made, in RD you can invest every month like a mutual fund SIP. In this, after maturity, the depositor gets the interest amount along with the principal amount as return.
Today we will tell you about those banks, where you will get great interest on making RD. At present you can avail interest up to 7.6 percent per annum on RD.
- According to Bankbazaar.com, currently DCB Bank is offering the highest interest on RD in the country. DCB Bank is offering 7.6 percent interest on five-year RD. This interest rate will be available on RD of less than Rs 2 crore.
- Suryoday Small Finance Bank also gives excellent interest on RD of five years to ten years. If you start investing this Diwali or Dhanteras, you will get 7.25 percent interest. The interest rate for senior citizens is 7.5 percent.
- In Ujjivan Small Finance Bank, 7.2 percent interest is being given on RD made for a period of 36 to 60 months. 6.5 percent interest is being given on RD maturing in 63 to 120 months.
- Deutsche Bank is also offering 7.25 percent interest to investors on recurring deposits maturing in 60 months. Similarly, IndusInd Bank is offering 7 percent interest on recurring deposits of 61 months and above.
- Axis Bank is offering 7 percent interest on 5 year RD. HDFC Bank is offering 7 percent interest on 5 year RD. Senior citizens are getting 7.50 percent interest.
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