RD Account: Fantastic! For Diwali and Durga Puja, these banks are offering 7.6% interest on RD; see RD details

 RD Account: Fantastic! For Diwali and Durga Puja, these banks are offering 7.6% interest on RD; see RD details

RD Account: This Diwali or Dhanteras, you may invest money in a Ranking Deposit (RD) if you plan to do so on a regular basis in a secure program with good returns. Recurring deposits are ideal if you wish to invest a portion of your income or savings each month and don't have a large amount of money to put all at once.

Recurring deposits (RD) are a secure investment choice, much like fixed deposits (FD). There are also returns that are guaranteed in this. In RD, you may invest monthly like a mutual fund SIP, but in FD, you must make a lump sum payment. In this, the depositor receives both the principle amount and the interest amount as a return at maturity.

We'll inform you about such banks today, where you may make RDs with excellent interest. Currently, interest rates on RD may reach up to 7.6% annually.

As to Bankbazaar.com, DCB Bank is now providing the highest interest rate on RD in the nation. For a five-year RD, DCB Bank is providing 7.6 percent interest. This interest rate will be offered to RDs worth less than two crore rupees.

Suryoday Small Finance Bank offers outstanding interest rates on RDs with terms ranging from five to 10 years. You might start earning 7.25 percent interest if you start investing during Diwali or Dhanteras. Senior folks get an interest rate of 7.5 percent.

7.2 percent interest is offered by Ujjivan Small Finance Bank on RDs issued for 36 to 60 months. Interest at the rate of 6.5 percent is offered on RDs that mature in 63 to 120 months.

Additionally, investors may get 7.25 percent interest on recurring deposits due in 60 months from Deutsche Bank. Similar to this, IndusInd Bank is giving recurring deposits lasting 61 months or longer 7% interest.

On a five-year RD, Axis Bank is giving 7% interest. On a five-year RD, HDFC Bank is giving 7% interest. Seniors get an interest rate of 7.50%.