Recurring Deposit Rates

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  1. Recurring Deposit Rate Calculator
  2. Fixed Deposit
  3. Recurring Deposit In Sbi
  4. Recurring Deposit Rates In Sbi

A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered byShriram City Union Finance Ltd. Recurring deposits enable you make regular deposits and earnbest in segment returns on the investment. Due to the regular deposit factor and an interestcomponent, it often provides flexibility and ease of investments to investors. Similar toFixed deposits, Recurring Deposits are also a contract between you and the Shriram City forthe approved interest rate from the date of investment till maturity.

However, unlike Fixed Deposit in Recurring Deposits you invest amount on regular intervalsunlike one-time investment in Fixed Deposit. Shriram City comes with about 45 years ofunchallenged trust in the Indian market, with over 5 million trusted customer base acrossthe length and breadth of the nation. With investment tenure ranging from 12 months to 60months, Shriram City's RecurringDeposits come with a 'MAA+/ with Stable Outlook' rating byICRA (Indicates high credit quality). However, it is essential to know that Shriram CityRecurring Deposits are different from Shriram City Fixed Deposits. RDs are flexible in mostaspects. An RD account holder can choose to invest a fixed amount each month while earningdecent interest on the amount similar to SIP’s (Systematic Investment Plans). RDs are anideal saving-cum-investment instrument which encourages wealth building habits toindividuals.

IDBI Systematic Savings Plan (SSP) helps you to add your savings at your complete convenience. With your regular incomes, you can start saving any fixed amount from 100 to less than 2 crore every month. The amount as decided by you will be deducted every month from your savings account.
The IDBI Bank Systematic Savings Plan (SSP) Advantage

Deposit can be start with minimum amount of Rs. 100 IDBI Bank Systematic Savings Plan Plus (SSP Plus) SSP Plus offers Regular Savings with Principal + Interest protection Plus Complimentary Insurance Cover and Reward Points. By opening a recurring deposit account with YES BANK, you are entitled to the following benefits as well: Senior citizens are offered a higher rate of interest, which is an extra 0.50% on each slab. Making monthly payments is easy and hassle-free. In general, the recurring deposit interest rates typically range between 6%-9%. This is a general range and individual banks may offer a higher or lower interest rate depending on the amount that you invest and the period that you have invested for. Axis Bank’s Recurring Deposit interest rate (compounded quarterly) gives you the advantage of earning a higher rate of return on your systematic monthly deposits and gain with the benefit of compounding. Open an RD account today! Once you open a bank RD the interest will remain the same for the tenure you have opted for. Sep 16, 2020 Tax on Recurring Deposits Like FD, investing in an RD also qualifies for taxation. For the money invested in a recurring deposit, tax is deducted at source, i.e. This tax is levied @ 10% p.a. If the deposit amounts to more than Rs.

  • No charges for executing your standard instruction
Recurring

IDBI Bank Systematic Savings Plan (SSP) Features

Recurring Deposit Rate Calculator


  • Pre-planned saving for a future goal
  • Regular savings for a certain period of time
  • The period of deposit can be from 1 year to 10 years
  • Deposit can be start with minimum amount of Rs. 100


IDBI Bank Systematic Savings Plan Plus (SSP Plus)
SSP Plus offers Regular Savings with Principal + Interest protection Plus Complimentary Insurance Cover and Reward Points.
The IDBI Bank SSP Plus Features :
  • Complimentary one time redeemable Reward Points ( upto 1,000 points )
  • Complimentary Personal Accidental Insurance Cover upto Rs.5 lakhs
  • Minimum eligible Instalment Amount : Rs.5,000 and multiples of 100 thereof
  • Minimum eligible tenor : 3 years and completed quarters, Maximum : 10 Years
  • Can be availed by Individuals / HUF

For the detailed T & Cs and features of SSP Plus, Click here

Fixed Deposit


Recurring Deposit In Sbi

How to Apply

Recurring Deposit Rates In Sbi

Applying for a Systematic Savings Plan is absolutely simple. You can apply online through Net Banking /Go Mobile + App or visit our nearest Branch.