recurring deposit interest rate hdfc bank

So it is advisable to compare RD rates of different banks to know who is offering the best rates. Even if you get 0.5 per cent higher rate on an RD of Rs 10,000 for a period of 3-years, your total returns will be higher by Rs 3,262. One should compare the rates offered by different banks before going for an RD. HDFC Bank, India's leading private sector bank, offers Online NetBanking Services & Personal Banking Services like Accounts & Deposits, Cards, Loans, Investment & Insurance products to meet all your banking needs. Meanwhile, India Post offers recurring deposits for a tenure of 5-years and offers an interest rate of 6.9 per cent for that period. For senior citizens, the bank offers 9 per cent on a 3-year RD.

For example, SBI, the country's largest lender offers an interest rate of 6.70 per cent on a 3-year RD while small finance bank like Suryoday offers 8.75 per cent on the same tenure. However, the interest rates offered by them is not always the best. All major banks like State Bank of India, PNB, HDFC Bank, ICICI Bank, Yes Bank including India Post offer recurring deposit facility. Open HDFC Bank NRE Recurring Deposit in India to invest in savings on a monthly basis and earn tax free interest at high rates which can be fully repatriated at any time.

Recurring deposit interest rate hdfc bank