Recurring deposit (RD) interest rates 2024: SBI vs HDFC Bank vs ICICI Bank (2024)

SBI Recurring Deposit (RD) latest interest rates

SBI offers Recurring deposits at interest rates of 6.50% to 7% p.a. to other depositors, and 7.35% to 7.5% to senior citizens with a minimum monthly deposit of ₹100. The tenure for SBI RD ranges from 1 year to 10 years. These rates are effective from December 27, 2023.

1 Year to less than 2 years 6.80%

HDFC Recurring Deposit (RD) latest interest rates

RD interest rates in HDFC range from 4.50% to 7% per annum to general and 5% to 7.75% for senior citizens One can open an HDFC recurring deposit account with a minimum deposit of ₹1,000 with tenures ranging from 6 months to 10 years. These rates are effective from January 24, 2023.

6 Months 4.50%

9 Months 5.75%

12 Months 6.60%

15 Months 7.10%

90 Months 7.00%

120 Months 7.00%

ICICI Bank Recurring Deposit (RD) latest Interest Rates

ICICI provides two types of recurring deposits, i.e. RD for regular citizens which offers an interest of 4.75 % to 7.10%, and RD for senior citizens which offers 5.25% to 7.60% for senior citizens. The investment tenure ranges between 6 months to 10 years and the minimum amount needed is ₹500. These rates are effective from 24 February 2023.

12 months 6.70%

15 months 7.10%

18 months 7.10%

21 months 7.10%

24 months 7.10%

27 months 7.00%

30 months 7.00%

33 months 7.00%

36 months 7.00%

Above 3 years upto 5 years 7.00%

Above 5 years upto 10 years 6.90%

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Published: 05 Feb 2024, 02:42 PM IST