New Delhi. If you are planning to invest in Recurring Deposit (RD), then you can get returns with higher interest by investing now. At present, not only Fixed Deposit (FD), but RD interest rates have also increased from last year. Let us know about those banks which are giving 7% interest on RD.
Private sector’s DCB Bank is paying 7.6 percent interest on 5-year recurring deposit. This rate will be available on RD of less than Rs 2 crore.
Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering 7.25 per cent interest on recurring deposits of 5 to 10 years. At the same time, the bank is giving interest at the rate of 7.5 percent to senior citizens.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is offering 7.2% interest on Recurring Deposits for 36 to 60 months.
Deutsche Bank is paying 7.25 percent interest to its customers on 5-year recurring deposits.
IndusInd Bank is offering 7% interest on Recurring Deposits of 61 months and above. Senior citizens are getting an extra interest of 0.50 per cent.
Axis Bank is offering 7% interest on 5 years RD.
HDFC Bank is paying 7% interest on RD of 5 years. At the same time, the bank is offering 7.50 percent interest to senior citizens.