interest on RD - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Sun, 21 May 2023 11:51:14 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.3 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png interest on RD - Rightsofemployees.com https://www.rightsofemployees.com 32 32 Best RD Interest Rates: These banks are giving more than 7% interest on RD, check interest rates https://www.rightsofemployees.com/best-rd-interest-rates-these-banks-are-giving-more-than-7-interest-on-rd-check-interest-rates/ Sun, 21 May 2023 15:29:28 +0000 https://www.rightsofemployees.com/?p=16785 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. DCB Bank […]

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]]> 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.

DCB Bank

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

Deutsche Bank is paying 7.25 percent interest to its customers on 5-year recurring deposits.

IndusInd Bank

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

Axis Bank is offering 7% interest on 5 years RD.

HDFC Bank

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.

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]]> Bank Deposit Plan: Deposit Rs 5 thousand every month in ICICI Bank, you will get Rs 8.50 lakh maturity, see what is the scheme https://www.rightsofemployees.com/bank-deposit-plan-deposit-rs-5-thousand-every-month-in-icici-bank-you-will-get-rs-8-50-lakh-maturity-see-what-is-the-scheme/ Sat, 15 Oct 2022 09:28:59 +0000 https://www.rightsofemployees.com/?p=5575 ICICI Bank Recurring Deposit Calculator: If you are planning to invest in the festive season. Then this news can prove to be of your use. Let us tell you that in today’s time Recurring Deposit (RD) has emerged as a popular option for investment. In this, whenever you start the account, the interest earned on […]

The post Bank Deposit Plan: Deposit Rs 5 thousand every month in ICICI Bank, you will get Rs 8.50 lakh maturity, see what is the scheme first appeared on Rightsofemployees.com.

]]> ICICI Bank Recurring Deposit Calculator: If you are planning to invest in the festive season. Then this news can prove to be of your use. Let us tell you that in today’s time Recurring Deposit (RD) has emerged as a popular option for investment.

In this, whenever you start the account, the interest earned on the scheme at that time, gets fixed for the entire maturity. Let us tell you that banks and post offices are providing this facility. This time the interest on RD in ICICI Bank is being told better than the post office and many banks.

What is the scheme

ICICI Bank’s Recurring Deposit (RD) is a scheme to promote regular and disciplined savings. In this, you can invest a fixed amount every month till the maturity period. The option of recurring deposits is being given in ICICI Bank with maturity from 6 months to 120 months i.e. up to 10 years. It is getting interest at different rates. The interest on Senior Registry RD is higher as compared to the normal RD.

See how much interest you will get

It is necessary to deposit at least Rs 500 a month in the RD of the bank. After this, you can invest any amount in the multiple of 100. Income from interest is taxable. TDS is deducted on this. Loan facility will be available on RD account. Full details about the scheme can be seen on the bank’s website.

Rate of interest on RD

The normal RD has an interest rate of 4.25 per cent to 6.10 per cent per annum on maturity from 6 months to 120 months, while the interest rate on Senior Citizens RD ranges from 4.75 per cent to 6.60 per cent per annum.

Understand plan like this 

8.50 Lakhs
Monthly Investment: Rs 5000
Interest Rate: 6.60% p.a.
Tenure: 10 Years
Total Investment: Rs 600000
Maturity Amount: Rs 8,49,9,590
Interest Benefit: Rs 2,49,590
This Calculation Senior Citizens For 10 years is on RD.

Common case

Monthly Investment: Rs 5000
Interest Rate: 6% Annual
Tenure: 10 Years
Total Investment: Rs 600000
Maturity Amount: Rs 8,22,145
Interest Benefit: Rs 2,22,145

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