Recurring Deposit Interest
2021年11月7日Register here: http://gg.gg/whq7c
*Recurring Deposit Interest Rate For Indian Banks
*Recurring Deposit Interest Rates 2018
A Recurring Deposit is a simple way to save money every month and earn higher interest than you get with a
Savings Account. If you maintain a Savings Account with us, a specified amount can be automatically transferred from it every month to your Recurring Deposit. At the end of the tenure, you will have saved a considerable sum of money.
Are you looking for an investment opportunity where you can make regular savings and earn interest? A Recurring Deposit (RD) may be the answer for you. You can make small contributions at regular intervals and get rewarded with interest on your savings. IWish Flexible Recurring Deposit: Interest Rates, Tax Benefits & Advantages. IWish Flexible Recurring Deposit: Check out the benefits, features, and advantages of the iWish flexible RD account from ICICI. It offers you all the benefits of a regular RD account with added flexibility, helping you.
The minimum ticket size of Rs. 5,000 to a maximum of Rs. 2 lakh
*The minimum tenure is 12 months (in multiplies of 3 months thereafter)
*The maximum tenure is 60 months
*Get interest rates equal to that of regular Fixed DepositsMore Fixed Deposit optionsResident Fixed Deposit Get better returns on your deposit. Invest in Deutsche Bank Fixed Deposit. Know moreSenior Citizen Fixed Deposit Live carefree with special interest rate on selective tenures. Know moreNRI Fixed Deposit
Enjoy attractive returns with maximum liquidity with NRE or NRO Fixed Deposits.Know moreApply for Fixed Deposit
SMS FD to 561615
Call 18602666601#
#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.Useful Information
* ^This is applicable only for certain tenures. Please refer to the Interest Rates for more details.
**Conditions apply - Fixed Deposit:
• No interest is payable for all deposits withdrawn prematurely before 7 days
• Premature withdrawal: In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
• Minimum fixed deposit amount is Rs. 20,000
• Interest Rates are subject to change without prior notice
• The stated documentation is subject to change and is at the sole discretion of Deutsche Bank AG
• Deutsche Bank Tax Saver Fixed Deposit is structured to benefit you the most in terms of this provision. Amount invested up to Rs. 1.5 lakh for a fixed period of 5 years in Tax Saver Fixed Deposit is eligible for deduction under Section 80 (C) of Income Tax Act, 1961• Track your Loan Application Status
•Loan Interest Certificate
•EMI Calculator
•Pay Tax Online
•Create IPIN Online
•Verified By Visa (VBV)•Interest Rates for Fixed and Recurring Deposit
•Schedule of charges
•Fixed / Recurring Deposit Calculator
•Important Information
•Safe Banking
•Digital Signature Certificate
•Regulatory Disclosures
•Financial Results
•Privacy Policy
•Do-Not-Call Service
•Customer Feedback
•Positive Pay
•About Us
•Form Centre
•ATM / Branch Locator
•Awards
•SitemapMore Calculators:
A recurring deposit is a type of term deposit offered by banks / financial institutes which assist people with regular incomes to deposit a fixed amount every month into their RD account and earn interest at the rate applicable.
Recurring deposit (RD) allows customers an opportunity to build their savings via regular monthly deposits of a fixed sum over a fixed period of time.
Recurring deposit matures on a specific date in the future along with all the deposits made every month
It is similar to a fixed deposit of a certain amount in month-to-month installments.
The minimum tenure of this deposit is six months and maximum is ten years.
Compound interest is added to recurring deposit at the end of every financial quarter.
Rate of interest of 5% to 7.25% is offered on RD by various financial institutions.
M =R[{(1+i)^n} – 1] ÷ 1-{(1+i)^(-1/3)}Recurring Deposit Interest Rate For Indian Banks
M = Maturity value of the RD
R = Monthly RD installment to be paid
n = Number of months (tenure)
i = Rate of Interest / 400
Let’s consider an example to understand this better,
You invest a principal amount of 500 for a period of 60 months at an interest rate of 6% and it is compounded quarterly.
M =R[{(1+i)^(n/3)} – 1] ÷ 1-{(1+i)^(-1/3)}
M =500[{(1+(6/400))^(60/3)} – 1] ÷ 1-{(1+(6/400))^(-1/3)}
M =500[{(1+(0.015))^(20)} – 1] ÷ 1-{(1+0.015)^(-1/3)}
M =500[{(1.015)^(20)} – 1] ÷ 1-{(1+0.015)^(-1/3)}Recurring Deposit Interest Rates 2018
M= 35,031.78
Maturity amount in this case at the end of 30 months will be 35,031.78.
Banks / Financial companies
Normal Interest Rates
Senior Citizen Interest
less than 5 Years
More than 5 Years
less than 5 Years
More than 5 Years
State Bank of India
5.30%
5.80%
5.40%
6.20%
AXIS Bank
5.50%
6.00%
5.50%
6.00%
ICICI Bank
5.35%
5.85%
5.50%
6.30%
HDFC Bank
5.35%
5.85%
5.50%
6.00%
Union Bank of India
5.45%
5.95%
5.45%
5.95%
IDBI Bank
5.30%
5.90%
5.30%
5.90%
Kotak Mahindra Bank
4.90%
4.50%
5.40%
5.00%
Yes Bank
7.00%
6.75%
7.75%
7.25%
Federal Bank
5.35%
5.50%
5.85%
6.00%
IndusInd Bank
6.75%
6.65%
7.25%
7.15%
Punjab National Bank
5.30%
5.30%
6.05%
6.05%
Bank of Baroda
5.30%
5.30%
5.80%
6.30%
Bank of Maharashtra
5.00%
5.00%
5.50%
5.50%
Indian Overseas Bank
5.45%
5.45%
5.95%
5.95%
IDFC Bank
6.75%
6.25%
7.25%
6.75%
Note: Please refer to the respective bank websites and confirm the interest rates before investing. The above chart is updated in August 2020.
High Interest rates.
Useful for short term goals.
A Flexible amount can be invested.
Loan on Recurring deposit
Penalty / Charges vary from bank to bank. However, it is observed that maximum of 2% of agreed upon interest rate is charged on premature withdrawing.Please refer the below links for detailed chart on interest rates:
SBI – https://www.sbi.co.in/web/personal-banking/investments-deposits/deposits/recurring-deposit
Axis – https://www.axisbank.com/retail/calculators/recurring-deposit-calculator
ICICI – https://www.icicibank.com/Personal-Banking/account-deposit/recurring-deposits/index.page
HDFC – https://www.hdfcbank.com/personal/resources/rates
Union Bank – https://www.unionbankofindia.co.in/english/personal-recurring-deposit-scheme.aspx
IDBI Bank – https://www.idbibank.in/interest-rates.asp
Kotak Mahindra Bank – https://www.kotak.com/en/personal-banking/deposits/recurring-deposits/interest.html
Yes Bank – https://www.yesbank.in/personal-banking/yes-individual/deposits/recurring-deposit
Federal Bank – https://www.federalbank.co.in/deposit-rate
IndusInd Bank – https://www.indusind.com/in/en/personal/rates.html
Punjab National Bank – https://www.pnbindia.in/Interest-Rates-Deposit.html
Bank of baroda – https://www.bankofbaroda.in/interest-rates-charges.htm
Bank of Maharashtra – https://www.bankofmaharashtra.in/domestic_term_deposits
Indian OverSeas Bank – https://www.iob.in/Domestic_Rates
IDFC Bank – https://www.idfcfirstbank.com/content/dam/IDFCFirstBank/Interest-Rates/Interest-Rate-Retail.pdf
Register here: http://gg.gg/whq7c
https://diarynote.indered.space
*Recurring Deposit Interest Rate For Indian Banks
*Recurring Deposit Interest Rates 2018
A Recurring Deposit is a simple way to save money every month and earn higher interest than you get with a
Savings Account. If you maintain a Savings Account with us, a specified amount can be automatically transferred from it every month to your Recurring Deposit. At the end of the tenure, you will have saved a considerable sum of money.
Are you looking for an investment opportunity where you can make regular savings and earn interest? A Recurring Deposit (RD) may be the answer for you. You can make small contributions at regular intervals and get rewarded with interest on your savings. IWish Flexible Recurring Deposit: Interest Rates, Tax Benefits & Advantages. IWish Flexible Recurring Deposit: Check out the benefits, features, and advantages of the iWish flexible RD account from ICICI. It offers you all the benefits of a regular RD account with added flexibility, helping you.
The minimum ticket size of Rs. 5,000 to a maximum of Rs. 2 lakh
*The minimum tenure is 12 months (in multiplies of 3 months thereafter)
*The maximum tenure is 60 months
*Get interest rates equal to that of regular Fixed DepositsMore Fixed Deposit optionsResident Fixed Deposit Get better returns on your deposit. Invest in Deutsche Bank Fixed Deposit. Know moreSenior Citizen Fixed Deposit Live carefree with special interest rate on selective tenures. Know moreNRI Fixed Deposit
Enjoy attractive returns with maximum liquidity with NRE or NRO Fixed Deposits.Know moreApply for Fixed Deposit
SMS FD to 561615
Call 18602666601#
#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.Useful Information
* ^This is applicable only for certain tenures. Please refer to the Interest Rates for more details.
**Conditions apply - Fixed Deposit:
• No interest is payable for all deposits withdrawn prematurely before 7 days
• Premature withdrawal: In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
• Minimum fixed deposit amount is Rs. 20,000
• Interest Rates are subject to change without prior notice
• The stated documentation is subject to change and is at the sole discretion of Deutsche Bank AG
• Deutsche Bank Tax Saver Fixed Deposit is structured to benefit you the most in terms of this provision. Amount invested up to Rs. 1.5 lakh for a fixed period of 5 years in Tax Saver Fixed Deposit is eligible for deduction under Section 80 (C) of Income Tax Act, 1961• Track your Loan Application Status
•Loan Interest Certificate
•EMI Calculator
•Pay Tax Online
•Create IPIN Online
•Verified By Visa (VBV)•Interest Rates for Fixed and Recurring Deposit
•Schedule of charges
•Fixed / Recurring Deposit Calculator
•Important Information
•Safe Banking
•Digital Signature Certificate
•Regulatory Disclosures
•Financial Results
•Privacy Policy
•Do-Not-Call Service
•Customer Feedback
•Positive Pay
•About Us
•Form Centre
•ATM / Branch Locator
•Awards
•SitemapMore Calculators:
A recurring deposit is a type of term deposit offered by banks / financial institutes which assist people with regular incomes to deposit a fixed amount every month into their RD account and earn interest at the rate applicable.
Recurring deposit (RD) allows customers an opportunity to build their savings via regular monthly deposits of a fixed sum over a fixed period of time.
Recurring deposit matures on a specific date in the future along with all the deposits made every month
It is similar to a fixed deposit of a certain amount in month-to-month installments.
The minimum tenure of this deposit is six months and maximum is ten years.
Compound interest is added to recurring deposit at the end of every financial quarter.
Rate of interest of 5% to 7.25% is offered on RD by various financial institutions.
M =R[{(1+i)^n} – 1] ÷ 1-{(1+i)^(-1/3)}Recurring Deposit Interest Rate For Indian Banks
M = Maturity value of the RD
R = Monthly RD installment to be paid
n = Number of months (tenure)
i = Rate of Interest / 400
Let’s consider an example to understand this better,
You invest a principal amount of 500 for a period of 60 months at an interest rate of 6% and it is compounded quarterly.
M =R[{(1+i)^(n/3)} – 1] ÷ 1-{(1+i)^(-1/3)}
M =500[{(1+(6/400))^(60/3)} – 1] ÷ 1-{(1+(6/400))^(-1/3)}
M =500[{(1+(0.015))^(20)} – 1] ÷ 1-{(1+0.015)^(-1/3)}
M =500[{(1.015)^(20)} – 1] ÷ 1-{(1+0.015)^(-1/3)}Recurring Deposit Interest Rates 2018
M= 35,031.78
Maturity amount in this case at the end of 30 months will be 35,031.78.
Banks / Financial companies
Normal Interest Rates
Senior Citizen Interest
less than 5 Years
More than 5 Years
less than 5 Years
More than 5 Years
State Bank of India
5.30%
5.80%
5.40%
6.20%
AXIS Bank
5.50%
6.00%
5.50%
6.00%
ICICI Bank
5.35%
5.85%
5.50%
6.30%
HDFC Bank
5.35%
5.85%
5.50%
6.00%
Union Bank of India
5.45%
5.95%
5.45%
5.95%
IDBI Bank
5.30%
5.90%
5.30%
5.90%
Kotak Mahindra Bank
4.90%
4.50%
5.40%
5.00%
Yes Bank
7.00%
6.75%
7.75%
7.25%
Federal Bank
5.35%
5.50%
5.85%
6.00%
IndusInd Bank
6.75%
6.65%
7.25%
7.15%
Punjab National Bank
5.30%
5.30%
6.05%
6.05%
Bank of Baroda
5.30%
5.30%
5.80%
6.30%
Bank of Maharashtra
5.00%
5.00%
5.50%
5.50%
Indian Overseas Bank
5.45%
5.45%
5.95%
5.95%
IDFC Bank
6.75%
6.25%
7.25%
6.75%
Note: Please refer to the respective bank websites and confirm the interest rates before investing. The above chart is updated in August 2020.
High Interest rates.
Useful for short term goals.
A Flexible amount can be invested.
Loan on Recurring deposit
Penalty / Charges vary from bank to bank. However, it is observed that maximum of 2% of agreed upon interest rate is charged on premature withdrawing.Please refer the below links for detailed chart on interest rates:
SBI – https://www.sbi.co.in/web/personal-banking/investments-deposits/deposits/recurring-deposit
Axis – https://www.axisbank.com/retail/calculators/recurring-deposit-calculator
ICICI – https://www.icicibank.com/Personal-Banking/account-deposit/recurring-deposits/index.page
HDFC – https://www.hdfcbank.com/personal/resources/rates
Union Bank – https://www.unionbankofindia.co.in/english/personal-recurring-deposit-scheme.aspx
IDBI Bank – https://www.idbibank.in/interest-rates.asp
Kotak Mahindra Bank – https://www.kotak.com/en/personal-banking/deposits/recurring-deposits/interest.html
Yes Bank – https://www.yesbank.in/personal-banking/yes-individual/deposits/recurring-deposit
Federal Bank – https://www.federalbank.co.in/deposit-rate
IndusInd Bank – https://www.indusind.com/in/en/personal/rates.html
Punjab National Bank – https://www.pnbindia.in/Interest-Rates-Deposit.html
Bank of baroda – https://www.bankofbaroda.in/interest-rates-charges.htm
Bank of Maharashtra – https://www.bankofmaharashtra.in/domestic_term_deposits
Indian OverSeas Bank – https://www.iob.in/Domestic_Rates
IDFC Bank – https://www.idfcfirstbank.com/content/dam/IDFCFirstBank/Interest-Rates/Interest-Rate-Retail.pdf
Register here: http://gg.gg/whq7c
https://diarynote.indered.space
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