If you are planning to invest money somewhere and want a guaranteed return on that project, then this news is for you. Most people think that Guaranteed Income is only Fixed Deposit (FD) but this is not true. Today we are talking about recurring deposit which is very similar to FD. You have to invest a fixed amount each month. Recurring deposit (RD) can be very beneficial for those who want to add money by saving small. Likewise, different banks offer different interest rates to RD. But what we are telling you today is that you are paying more than SBI, ICICI and HDFC Recording Deposit or RD. This profit is being funded by Small Finance Bank. 4 Learn about a small finance bank’s recurring deposit scheme, where you get interest rates of more than 8%.
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1) Utkarsh Small Finance Bank
Utkarsh Small Finance Bank offers RD plans for 6 months to 10 years. Utkarsh Small Finance Bank has been delivering revenues of 6.5% to 8% to its customers in RD for all periods. Senior citizens, on the other hand, are earning between 7 and 8.5 per cent. Here you have to invest at least 100 rupees.
Up to 6 months – 6.50%
9 months – 6.50%
12 months – 7.25%
15 months – 7.25%
18 months – 7.25%
21 months – 7.25%
7.25% less than 21 months 24 months
8.00% for 24 months to 36 months
2) Sunrise Small Financial Bank
Sunrise Small Finance Bank’s RD rate of interest ranges from 5.5% to 7.25%. The bank’s high interest rate is available in 5-year deposits. These RD rates of Suryoday Small Finance Bank are effective from February 15, 2021.
6 months 5.50%
9 months 6.00%
6.75% for 12 months
30 months 7.00%
33 months 7.00%
36 months 7.00%
7.10% over 3 years and less than 5 years
5 years 7.25%
6.50% for 5 years to 10 years
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3) Northeast Small Financial Bank
Northeast Small Financial Bank carries RDs for 3 to 10 months. North East Small Finance Bank is offering its customers an interest rate of RD from 4.25% to 7.5%. At the two-year RD, the Northeast Small Finance Bank is offering a 7.5% interest rate.
3 months 4.25%
6 months 4.50%
9 months 5.50%
1 year 5.50%
2 years 7.50%
3 years 7.00%
4 years 7.00%
4) Jana Small Finance Bank
At Jan Small Finance Bank, you can make an RD for 6 months to 10 years. The bank’s interest rate ranges from 4 to 7.25 per cent. The bank offers half the high interest on deposits to seniors. Similarly, senior citizens get an interest rate of 4.5% to 7.75% on RD.
1 month – 6 months – 4%
6 months – 12 months – 6%
12 months – 36 months – 7%
36 months – 60 months – 7.25%
60 months – 120 months – 6.50%
