Now you will get so much interest

The interest on post office recurring deposits with a tenure of 5 years has been increased by 0.2 percent. Earlier, those who invested in it used to get a profit of 6.50 percent but now under this you will get a return of 6.70 percent.

Has the interest on other schemes also increased?

It is known that apart from 5 year recurring deposit, the interest rate of other small savings schemes has not been changed. Among the remaining schemes, the interest of Senior Citizen Saving Scheme is 8.2 percent. The interest of Sukanya Samriddhi Yojana is 8 percent, that of National Savings Certificate (NSC) is 7.7 percent, that of Kisan Vikas Patra (KVP) is 7.5 percent and that of PPF is 7.1 percent.

Recurring deposit or RD scheme of post office can help you in savings. The amount you invest in it, when it matures after 5 years, you get a huge amount in your hand. It is known that any person can open an RD account. You can also open this account in the name of small children. Not only this, you can also open a joint account. For this, an account can be opened by going to any post office.

The post RD Interest Rate: Government took a big decision on RD, there will be benefit of 6.7 percent first appeared on Rightsofemployees.com.

Explain that in RD you do not have to deposit the amount together like Fixed Deposit (FD). In this, you have to deposit a fixed amount in installments every month. Right now many banks are giving you up to 8% interest on RD. Let us know about those top 5 banks which are giving highest interest on RD to their customers.

Deutsche Bank

Deutsche Bank is offering 6% to 7.50% interest on RD of different tenures to its general customers. Whereas the bank is giving interest ranging from 6.50% to 7.75% on RD of different tenures to its senior citizen customers.

City Union Bank

City Union Bank is offering interest ranging from 6.70% to 7.10% for RD of different tenures to its general customers. At the same time, banks are giving interest ranging from 6.95% to 7.50% to their senior citizen customers for RD of different tenures.

DHDL Bank

DHFL Bank is offering 7.75% interest to its general customers for RD of different tenures. At the same time, banks are also giving 7.75 percent interest to their senior citizen customers for RD of different tenures.

Indian Overseas Bank

Indian Overseas Bank is offering interest ranging from 5.75% to 7.25% on RD of different tenures to its general customers. Whereas the bank is giving interest ranging from 6.25% to 7.75% to its senior citizen customers.

Bandhan Bank

Bandhan Bank is offering interest ranging from 6.50% to 7.50% to its general customers for RD of different tenures. At the same time, banks are giving 7% to 8% interest to their senior citizen customers for RD of different tenures.

The post Bank’s Super RD Plan! These 5 banks are giving interest up to 7.75% on RD, check name and interest rate first appeared on Rightsofemployees.com.