For senior citizens, the RD rates range between 5 to 7.75 p.a. So it is advisable to compare RD rates of different banks to know who is offering the best rates. HDFC Bank RD rates range between 4.5 to 7.00 p.a. Even if you get 0.5 per cent higher rate on an RD of Rs 10,000 for a period of 3-years, your total returns will be higher by Rs 3,262. One should compare the rates offered by different banks before going for an RD. Recurring Deposit rate hike in 2023: Not just fixed deposits, the interest rates for recurring deposits in banks have also jumped to near 10 in the new repo rate regime Written by PF Desk Updated. Meanwhile, India Post offers recurring deposits for a tenure of 5-years and offers an interest rate of 6.9 per cent for that period. HDFC Bank has hiked its interest rates from 5.80 to 6. For senior citizens, the bank offers 9 per cent on a 3-year RD. With HDFC Banks Recurring Deposit, you can: An investment as small as Rs. For example, SBI, the country's largest lender offers an interest rate of 6.70 per cent on a 3-year RD while small finance bank like Suryoday offers 8.75 per cent on the same tenure. However, the interest rates offered by them is not always the best. All major banks like State Bank of India, PNB, HDFC Bank, ICICI Bank, Yes Bank including India Post offer recurring deposit facility.
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