{"id":18090,"date":"2022-11-02T16:23:17","date_gmt":"2022-11-02T10:53:17","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=18090"},"modified":"2022-11-02T16:23:17","modified_gmt":"2022-11-02T10:53:17","slug":"recurring-deposit-interest-rates-2022","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/","title":{"rendered":"Recurring Deposit Interest Rates 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d2874558da9\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d2874558da9\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Major_Banks_best_RD_rates_2022_As_On_30th_October_2022\" title=\"Major Bank&#8217;s best RD rates 2022 (As On 30th October 2022)\">Major Bank&#8217;s best RD rates 2022 (As On 30th October 2022)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Features_Of_Recurring_Deposit_Account\" title=\"Features Of Recurring Deposit Account\">Features Of Recurring Deposit Account<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#How_To_Calculate_Interest_Rates_For_Recurring_Deposit_Schemes\" title=\"How To Calculate Interest Rates For Recurring Deposit Schemes?\">How To Calculate Interest Rates For Recurring Deposit Schemes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Premature_Withdrawal_Of_RD\" title=\"Premature Withdrawal Of RD\">Premature Withdrawal Of RD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Partial_Withdrawal_Of_Recurring_Deposit\" title=\"Partial Withdrawal Of Recurring Deposit\">Partial Withdrawal Of Recurring Deposit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Tax_Exemptions_On_RD\" title=\"Tax Exemptions On RD\">Tax Exemptions On RD<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Types_Of_RD_Interest_Rates\" title=\"Types Of RD Interest Rates\">Types Of RD Interest Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Special_RD_Schemes\" title=\"Special RD Schemes:\">Special RD Schemes:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Different_Types_Of_RD_products\" title=\"Different Types Of RD products\">Different Types Of RD products<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#What_Happens_If_The_Interest_Rate_Changes_While_I_Have_An_RD_Account_Open\" title=\"What Happens If The Interest Rate Changes While I Have An RD Account Open?\">What Happens If The Interest Rate Changes While I Have An RD Account Open?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Can_I_Make_Monthly_Deposits_Into_My_RD_Account_In_Various_Amounts\" title=\"Can I Make Monthly Deposits Into My RD Account In Various Amounts?\">Can I Make Monthly Deposits Into My RD Account In Various Amounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Is_The_Post_Office_RD_The_Same_As_Any_Other_Bank_Offered_RD\" title=\"Is The Post Office RD The Same As Any Other Bank Offered RD?\">Is The Post Office RD The Same As Any Other Bank Offered RD?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Is_A_LoanOverdraft_Facility_Available_With_All_RD_Accounts\" title=\"Is A Loan\/Overdraft Facility Available With All RD Accounts?\">Is A Loan\/Overdraft Facility Available With All RD Accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#What_Happens_If_I_Dont_Make_My_RD_Payments_On_Time\" title=\"What Happens If I Don&#8217;t Make My RD Payments On Time?\">What Happens If I Don&#8217;t Make My RD Payments On Time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Is_The_Post_Office_RD_The_Same_As_Any_Other_RD_Given_By_A_Bank\" title=\"Is The Post Office RD The Same As Any Other RD Given By A Bank?\">Is The Post Office RD The Same As Any Other RD Given By A Bank?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Is_Tax_Deduction_At_Source_TDS_Applicable_To_Recurring_Deposit_Interest\" title=\"Is Tax Deduction At Source (TDS) Applicable To Recurring Deposit Interest?\">Is Tax Deduction At Source (TDS) Applicable To Recurring Deposit Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Is_The_Interest_Rate_On_An_RD_Compounded_Quarterly\" title=\"Is The Interest Rate On An RD Compounded Quarterly?\">Is The Interest Rate On An RD Compounded Quarterly?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Is_It_Possible_To_Pay_More_Than_One_Instalment_At_A_Time\" title=\"Is It Possible To Pay More Than One Instalment At A Time?\">Is It Possible To Pay More Than One Instalment At A Time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Do_Senior_Citizens_Receive_Higher_Interest_Rates_On_RD_Accounts\" title=\"Do Senior Citizens Receive Higher Interest Rates On RD Accounts?\">Do Senior Citizens Receive Higher Interest Rates On RD Accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/kuvera.in\/blog\/recurring-deposits\/\">Recurring Deposit<\/a>, often known as an RD, is a term deposit that allows consumers to invest an amount of their choice each month and save money easily. The interest rate banks give on RDs is influenced by things, including your category and the duration you select. Most banks offer senior citizens a higher interest rate than other residents.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/kuvera.in\/fixed-deposit\/all\"><img loading=\"lazy\" class=\"aligncenter wp-image-14483 size-large\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-1024x334.jpg\" sizes=\"(max-width: 640px) 100vw, 640px\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-1024x334.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-300x98.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-768x250.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1-150x49.jpg 150w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/08\/fd-blog-01-1.jpg 1080w\" alt=\"kuvera-fixed-deposit-online\" width=\"640\" height=\"209\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Banks offer you multiple options within the RD category. The interest rates on recurring deposits that banks give to the general public range from 2.50% to 8.50% p.a. Banks provide senior citizens with a higher interest rate when they create an RD account. The minimum deposit term for RD accounts is six months, and the maximum deposit tenure is ten years.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Major_Banks_best_RD_rates_2022_As_On_30th_October_2022\"><\/span>Major Bank&#8217;s best RD rates 2022 (As On 30th October 2022)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%;\" border=\"1.5\">\n<tbody>\n<tr>\n<td><b>Bank<\/b><\/td>\n<td style=\"text-align: center;\"><b>RD Interest Rates (Regular Citizen)<\/b><\/td>\n<td style=\"text-align: center;\"><b>RD Interest Rates (Senior Citizen)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">HDFC RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.50<\/span><span style=\"font-weight: 400;\">% to <\/span><span style=\"font-weight: 400;\">6.20<\/span><span style=\"font-weight: 400;\">%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.00<\/span><span style=\"font-weight: 400;\">% <\/span><span style=\"font-weight: 400;\">to <\/span><span style=\"font-weight: 400;\">6.95<\/span><span style=\"font-weight: 400;\">%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">ICICI RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.25% to 6.10%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.75% to 6.75%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/kuvera.in\/blog\/sbi-rd-interest-rates\/\"><span style=\"font-weight: 400;\">SBI RD Interest Rates<\/span><\/a><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.50% to 6.10%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6.00% to 6.90%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Axis Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.00% to 6.10%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.25% to 6.85%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bandhan Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.50% to 5.60%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.25% to 6.35%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bank of Baroda RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.00% to 5.65%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.50% to 6.65%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Bank of India RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.85% to 5.75%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.35% to 6.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Canara Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.50% to 6.50%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.50% to 7.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Citibank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">2.75% to 6.75%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.25% to 7.25%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">City Union Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.75% to 6.90%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6.00% to 7.25%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">DBS Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.00% to 6.25%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.50% to 6.75%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Federal Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.80% to 6.00%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.30% to 6.65%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IDBI Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.80% to 6.10%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.30% to 6.85%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Indian Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.85% to 5.65%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">3.85% to 6.30%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Indian Overseas Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.10% to 5.85%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.60% to 6.35%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IndusInd Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6.25% to 7.00%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">7.00% to 7.75%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jammu and Kashmir Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.50% to 6.25%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.00% to 6.75%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Karnataka Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.25% to 5.80%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.65% to 6.30%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Karur Vysya Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.50% to 6.10%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6.60% to 6.70%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Kotak Mahindra Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.00% to 6.10%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.50% to 6.60%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Post Office RD Rate<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.80%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.80%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Punjab National Bank RD Interest Rates<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">4.50% to 6.10%<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">5.00% to 6.65%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Features_Of_Recurring_Deposit_Account\"><\/span>Features Of Recurring Deposit Account<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can typically open an RD account with a minimum monthly investment of Rs.10.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Banks typically compound interest once per quarter.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">RD accounts generally pay a greater interest rate than savings accounts.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">RD accounts\u2019 lock-in period may range from 30 days to 3 months, depending on the bank.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Withdrawal within the lock-in period will typically result in a loss of interest.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A single individual may have an unlimited number of RD accounts.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The minimum deposit term for RD accounts is typically six months, and the maximum deposit tenure is ten years.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Premature withdrawals are permitted with a penalty.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Seniors may be eligible for an extra 0.5% interest rate.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minors can open RD accounts in their names, but only with the permission of their parents\/guardians.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Individuals can set up standing orders, so the payments are debited automatically from your savings account without needing personal intervention.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Against the security of RD balance, overdraft or loan can be availed by the account holder.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can invest in instalments rather than a lump sum, in contrast with fixed deposits.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"How_To_Calculate_Interest_Rates_For_Recurring_Deposit_Schemes\"><\/span>How To Calculate Interest Rates For Recurring Deposit Schemes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The interest under the recurring deposit scheme is determined by considering several variables, including invested money, tenure, and the kind of plan chosen. You can select the interest earned on your investment using the method below.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">In most banks, RD interest is compounded quarterly. The formula is as follows:<\/span><\/p>\n<p>&nbsp;<\/p>\n<pre style=\"padding-left: 40px;\"><span style=\"font-weight: 400;\">M = R[(1+i)^n-1]\/(1-(1+i)^(-1\/3) )<\/span><\/pre>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">In this case,<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li><span style=\"font-weight: 400;\">M stands for Maturity Value, <\/span><\/li>\n<li><span style=\"font-weight: 400;\">R is the Monthly Payment, <\/span><\/li>\n<li><span style=\"font-weight: 400;\">n is the number of quarters, <\/span><\/li>\n<li><span style=\"font-weight: 400;\">I is the Interest Rate\/400.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">For example, If you deposit Rs. 10,000 each month into an RD for a year at an interest rate of 7%, the total value of your investment will be:<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">R = 10000, <\/span><span style=\"font-weight: 400;\">n = 4 (one year has four quarters), <\/span><span style=\"font-weight: 400;\">I = 7\/400 t<\/span><span style=\"font-weight: 400;\">hen M= 124620.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Premature_Withdrawal_Of_RD\"><\/span>Premature Withdrawal Of RD<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the account holder withdraws the money from the deposit before it matures, the interest rate received will be the one that was in effect when the bank held the deposit. The bank will also impose a 1-2% penalty for early withdrawal of recurring deposits.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">According to bank policies, different interest rates are offered by banks. However, some banks would lower the interest rate by 1% to 2% retrospectively for the time the deposit was kept in the bank in the event of an early withdrawal.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The minimum lock-in time for an RD account is typically three months. Before this time, if an early withdrawal is made, the account holder will not receive any interest payments; instead, the bank would simply return the principal that was deposited.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Partial_Withdrawal_Of_Recurring_Deposit\"><\/span>Partial Withdrawal Of Recurring Deposit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">While most banks do not allow partial withdrawals, some do through a loan or overdraft facility, which is made possible by using the remaining balance in the RD account as collateral.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The cash withdrawn is thought of as a loan that you can pay back through bullet repayment.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can withdraw early, but the interest you get will be less than the base rate for the duration of the deposit or for the period during which the deposit has been held by the bank. Some banks could charge penalty interest on the deposit (1-2 per cent).<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Tax_Exemptions_On_RD\"><\/span>Tax Exemptions On RD<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Under Section 80C of the Income Tax, 1961, investments in bank RD are not exempted from taxation. As a result, investing in any of the bank&#8217;s recurring deposits is not tax exempted and the applicable tax rate is determined by the individual investor&#8217;s tax slab rates.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The interest you earn on your recurring deposit is subject to a 10% TDS (Tax Deducted at Source). TDS is not deducted if the interest on your recurring deposit is less than Rs.10,000. If you fail to provide the bank with your PAN, the TDS will be 20%.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Types_Of_RD_Interest_Rates\"><\/span>Types Of RD Interest Rates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Regular RD Accounts<\/b><span style=\"font-weight: 400;\">: Regular RD accounts are only available to Indian citizens 18 years or older. The account enables account holders to deposit a certain amount into the account once each month for a predetermined period to receive a set interest rate on the deposit amount. Depending on the account&#8217;s length, the compound or simple interest approach will be utilised to calculate interest.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>RD Accounts for Minors:<\/b><span style=\"font-weight: 400;\"> These accounts will be created in the names of those under 18, but only under the supervision of their parents or legal guardians. Similar to ordinary RD accounts, the account will be opened with a specified monthly payment and duration. The returns might be somewhat greater or equivalent to the ordinary RD accounts.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>RD Accounts for Senior citizens: <\/b><span style=\"font-weight: 400;\">Banks provide special RD accounts for senior citizens. Senior citizens can receive higher rates on RD than other consumers. Each quarter, the interest is compounded.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Non-Resident Indians (NRIs):<\/b><span style=\"font-weight: 400;\"> can open NRE and NRO RD accounts, which stand for Non-Resident External and Non-Resident Ordinary, respectively. Through these accounts, NRIs may save money each month on income from inside and outside India while also earning a respectable interest rate.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Special_RD_Schemes\"><\/span>Special RD Schemes:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Banks also provide several schemes geared to satisfy the needs of different clients. These schemes often have higher interest rates since the consumers&#8217; objectives are clear. Other banks offer additional schemes that provide excellent returns, increasing the lump sum payment and making the investment profitable.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"color: black; font-size: 20px;\"><span class=\"ez-toc-section\" id=\"Different_Types_Of_RD_products\"><\/span>Different Types Of RD products<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>ICICI<\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%;\" border=\"1.5\">\n<tbody>\n<tr>\n<td><b>Product Name<\/b><\/td>\n<td style=\"text-align: center;\"><b>Minimum Deposit Amount<\/b><\/td>\n<td style=\"text-align: center;\"><b>Duration<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Regular Recurring Deposit<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Rs 500<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6 months to 10 years<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Iwish Flexible RD<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Rs. 50<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6 months to 5 years<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Central Bank of India<\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%;\" border=\"1.5\">\n<tbody>\n<tr>\n<td><b>Product Name<\/b><\/td>\n<td style=\"text-align: center;\"><b>Minimum Deposit Amount<\/b><\/td>\n<td style=\"text-align: center;\"><b>Duration<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cent Swa Shakti Flexi<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u20b9 100<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6 months to 10 years<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cent Lakhpati<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u20b9 100<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6 months to 10 years<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cent Millionaire<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u20b9 100<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6 months to 10 years<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>SBI<\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%;\" border=\"1.5\">\n<tbody>\n<tr>\n<td><b>Product Name<\/b><\/td>\n<td style=\"text-align: center;\"><b>Minimum Deposit Amount<\/b><\/td>\n<td style=\"text-align: center;\"><b>Duration<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Recurring Deposit scheme<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">\u20b9 100<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1 year to 10 years<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<ul>\n<li><b>Bank of Baroda<\/b><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%;\" border=\"1.5\">\n<tbody>\n<tr>\n<td><b>Product Name<\/b><\/td>\n<td style=\"text-align: center;\"><b>Minimum Deposit Amount<\/b><\/td>\n<td style=\"text-align: center;\"><b>Duration<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Baroda Recurring Deposit Scheme<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Rs. 50<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">6 months to 10 years<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Flexible Recurring Deposit Scheme<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">Rs. 100<\/span><\/td>\n<td style=\"text-align: center;\"><span style=\"font-weight: 400;\">1 year to 10 years<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"What_Happens_If_The_Interest_Rate_Changes_While_I_Have_An_RD_Account_Open\"><\/span>What Happens If The Interest Rate Changes While I Have An RD Account Open?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">When you start an RD account, the interest rate is fixed and will not change even if interest rates move over the term of the account. Any changes will only be effective if you establish a new RD account. When there is a rate change, the rate applicable to a reserve will not be changed.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Can_I_Make_Monthly_Deposits_Into_My_RD_Account_In_Various_Amounts\"><\/span>Can I Make Monthly Deposits Into My RD Account In Various Amounts?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">No. A standard RD account will not allow you to deposit varying monthly amounts. Some banks, however, provide flexible RD plans, which you can deposit many times each month and in various quantities, depending on your savings.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Is_The_Post_Office_RD_The_Same_As_Any_Other_Bank_Offered_RD\"><\/span>Is The Post Office RD The Same As Any Other Bank Offered RD?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Though the fundamental operation of <a href=\"https:\/\/kuvera.in\/blog\/post-office-rd-interest-rates\/\">Post Office RD<\/a> and bank RD accounts is the same, there may be variances in specific laws and regulations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Is_A_LoanOverdraft_Facility_Available_With_All_RD_Accounts\"><\/span>Is A Loan\/Overdraft Facility Available With All RD Accounts?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Not all RD accounts provided by all banks offer the loan\/overdraft feature. Even if they do, some requirements, such as account tenure, tenure finished, monthly instalment amount, and others must be met. Furthermore, the overdraft or loan amount may range from 50% to 90% at the bank&#8217;s discretion.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"What_Happens_If_I_Dont_Make_My_RD_Payments_On_Time\"><\/span>What Happens If I Don&#8217;t Make My RD Payments On Time?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The bank may shut your RD account if you fail to make your RD instalments on schedule. The lender&#8217;s premature withdrawal policy will determine the appropriate interest rate.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Is_The_Post_Office_RD_The_Same_As_Any_Other_RD_Given_By_A_Bank\"><\/span>Is The Post Office RD The Same As Any Other RD Given By A Bank?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Although the fundamental operation of RD accounts supplied by banks and the Post Office is identical, there may be some differences in some norms and laws.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Is_Tax_Deduction_At_Source_TDS_Applicable_To_Recurring_Deposit_Interest\"><\/span>Is Tax Deduction At Source (TDS) Applicable To Recurring Deposit Interest?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Yes, a 10% TDS is levied on the interest generated on recurring deposits. TDS will be deducted if the interest generated on the recurring deposits exceeds Rs.10,000.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Is_The_Interest_Rate_On_An_RD_Compounded_Quarterly\"><\/span>Is The Interest Rate On An RD Compounded Quarterly?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Yes, quarterly compounding is used for RD interest rates.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Is_It_Possible_To_Pay_More_Than_One_Instalment_At_A_Time\"><\/span>Is It Possible To Pay More Than One Instalment At A Time?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Yes, additional payments can be made one at a time. However, you should know that no interest will be generated on the additional instalment.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Do_Senior_Citizens_Receive_Higher_Interest_Rates_On_RD_Accounts\"><\/span>Do Senior Citizens Receive Higher Interest Rates On RD Accounts?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Yes, most banks give senior citizens higher interest rates on RD accounts.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4 style=\"color: black; font-size: 18px;\"><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p>&nbsp;<\/p>\n<style>.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }<\/style>\n<div class=\"embed-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/f7yfzUhQDiM\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/app.kuvera.in\/\">Kuvera.in<\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\">Direct Plans<\/a>\u00a0and\u00a0<a href=\"https:\/\/app.kuvera.in\/explore\/fixed-deposit\/c\/all\">Fixed Deposits<\/a>\u00a0and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\">start investing today.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recurring Deposit, often known as an RD, is a term deposit that allows consumers to invest an amount of their choice each month and save money easily. The interest rate banks give on RDs is influenced by things, including your category and the duration you select. Most banks offer senior citizens a higher interest rate [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/recurring-deposit-interest-rates-2022\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":18098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[99,833],"tags":[835,641,836],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RD Interest Rates 2022 - Recurring Deposit - Kuvera<\/title>\n<meta name=\"description\" content=\"What is Recurring Deposit? Check out the Recurring Deposit Interest Rates 2022, Tax Exemption on RD and Types of RD Products. 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