WebFor Savings Bank Deposit, the interest on daily balances would be calculated as follows: 2.75% for daily balances up to Rs. 50 Lakhs 3.25% for balances above 50 Lakhs – this rate would only be applicable for incremental balances above Rs. 50 Lakhs and Up to Rs. 40 Crores 0.5% for incremental balances above Rs. 40 Crores WebSimple Recurring deposit can be broken before the maturity date. The interest rate will be 1 % less on the interest rate of the contracted year for the period for which the deposit is actually maintained with the bank. However, if the RD is closed before 3 months, the customer will not be eligible for interest.
Interest Rates - Recurring Deposit Interest Rates - Axis Bank
WebJul 3, 2024 · Ujjivan Small Finance Bank Recurring Deposit. Ujjivan Finance Bank offers recurring deposits with terms ranging from six to one hundred and twenty months. Interest rates on RD range from 5.20 per ... WebRecurring Deposits are another popular investment option offered by banks. Like FDs, RDs too, are safe and secure. However, it is best suited for salaried people and those with a low annual income. According to this investment option, an individual has to deposit a fixed amount of their income every month for a pre-determined tenure. tidings and trimmings card ideas
Post office FD vs SBI fixed deposit: Where to invest your money?
Web* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen. Penalty is applicable for premature withdrawal and reinvestment of Retail Rupee Term Deposits (including Recurring Deposits) at the rate of 0.50% for deposit amounts below Rs. 15 lakhs and 1% for deposit amounts of Rs. 15 lakhs and above for … WebFeb 24, 2024 · SBI has not separately set its recurring deposit interest rates. SBI FD rates for Public and Senior Citizens is applicable to SBI recurring deposit as well. The tenure for SBI RD is from 12 months to 120 months. Here are the SBI RD interest rates: SBI RD Interest Rates (p.a.) Tenure: Regular Citizens: Senior Citizens. WebAxis Bank provides its customers with the most attractive Recurring Deposit interest rates starting from a minimum tenure of 6 months to a maximum of 10 years. To know the … the malls at oriental plaza