Recurring Deposit Interest Rates, Recurring Deposit Calculator

Our News - Mar 2019

2019-03-19 : Bank of Baroda offers holiday recurring deposit option in association with Thomas Cook
Bank of Baroda (BoB) is offering a holiday recurring deposit option for their customers to make travel a hassle-free experience. To cater to the needs of travellers, the bank has joined hands with Thomas Cook through which you can save for your travel by opening a recurring deposit (RD) account with the partner banks.
2018-08-20 : SBI reports Rs 4876 crore loss in Q1
India’s biggest lender by asset, State Bank of India (SBI) today announced the Q1 result. It posts a massive loss of Rs 4876 crore against Rs 2005 crore in the previous year. The bank attribute loss towards Lower trading income and significant MTM (mark-to-market) losses due to hardening of bond yields. Deposits of the bank increased by 5.58 percent to Rs 27.48 lakh crore as on June 2018 from Rs 2603 lakh crore as on June 2017.
2018-08-17 : ICICI Bank revises RD rates
ICICI Bank has revised its interest rate on recurring deposits or RDs for the selected maturities. The Interest rate on RD with a maturity of nine months is increased to 6.50%, which was 6.25% earlier. For senior citizens, the rate has now been revised to 7.00% from 6.75% earlier. Similarly, for the maturity period eighteen months to twenty four months will fetch an interest rate of 7.00%, which was 6.75% earlier. For senior citizens, the new rates are 7.50 against 7.25% earlier. The new rates are effective from August 14, 2018.
2018-08-06 : HDFC Bank revises RD rates
HDFC Bank has revised its interest rate on RD, for the selected maturities. The Interest rate on RD with a maturity of nine months is increased to 6.75%, which was 6.40% earlier. For senior citizens, the rate has now been revised to 7.25% from 6.90% earlier. Similarly, for twenty seven months to sixty months will fetch an interest rate of 7.10%, which was 7.00% earlier. For senior citizens, the new rates are 7.60 against 7.50% earlier. The new rates are effective from August 6, 2018.
2018-06-28 : Save For Travel Goals through SBI recurring deposits
Tours and travel operator Thomas Cook has tied up with leading banks like SBI to offer a holiday savings account which enables you to save for planned trips both in India and abroad. This facility enables you to open a recurring deposit (RD) with SBI, specifically for planned trips. You will not only get an attractive interest rate on the same but will also be getting a respite on one of the RD installments.

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