Applicants get a rate of up to 9% for Fixed Deposits whereas it varies from 7.5% to 8% for Recurring deposits. Click on Open Fixed/Recurring deposit in "My Accounts" section, Enter Debit Card & PIN and speak to Phone Banking Officer. Recurring Deposit Interest Rates. FD Interest Rates: Fixed and recurring deposits at designated post office branches provide returns to the tune of 5.5-6.7 per cent per annum. at places near you, Cashback DealsGet assured cashback on electronics, travel, food & groceries and much more, Compare and FlyGet the best deals on airfare so you can spend more at your destination, Compare and BuyCompare prices, features and more before buying and get the best value for your money. The grouping of balance is only for minimum balance requirement / transaction pricing, if any. 3. The rate of interest is fixed and does not change throughout the length of the RD tenure. For Recurring Deposits, the maturity amount is a sum of the principal amount and the interest earned over the investment period. 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Rate of Interest as of 22/01/2021; Baroda Home Loan. Bank of Baroda provides various types of Recurring Deposit which comes with variety of benefits & features. For more details, visit your nearest ICICI Bank branch. Who Can Invest in Recurring Deposits? The tenor of Deposit is calculated in number of days. Note: In case of any unauthorized electronic banking transaction customers are advised to notify the bank at the earliest after the occurrence of such transaction. Low minimum deposit. The tenor of Deposit is calculated in number of days. HDFC Bank. Bank reserves the right to close the recurring deposit in case the customer misses 5 consecutive recurring deposit instalments. Maximum tenure of Recurring Deposit would be 10 years. Know more about what is recurring deposit & how to apply for RD account with AU Bank • 7.75% interest rate for Sr. citizens, • Loans as low as INR 10,000 A recurring deposit offers the same or higher interest rates as a fixed deposit. In this video we will understand how you can open a Recurring Deposit online on Internet Banking. ICICI Bank. The interest is compounded quarterly. The interest rate range and tenures, for recurring deposits, available at some of the leading Indian banks are as follows. A recurring deposit offers the same or higher interest rates as a fixed deposit. iWish Flexible Recurring Deposit: Check out the benefits, features, and advantages of the iWish flexible RD account from ICICI. Find out how much you can save by making regular monthly deposits with our Recurring Deposit plan. Recurring Deposit is an investment tool for people with regular incomes in which a fixed amount of money is accumulated monthly into the RD account for a fixed tenure. When the RD matures, investor is paid the actual amount invested plus the total interest earned in the entire tenure. 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