Calculate interest on recurring deposits.
The following table is a summary of interest rates offered on recurring deposits by leading banks and post office in India.
|Bank/ Institution||Interest rate (% p.a)||w.e.f|
|Bank of Baroda||6.5-6.9||25-04-2017|
|Bank of India||6.5-6.9||10-04-2017|
The Interest rates on recurring deposits differ from bank to bank and may vary depending on the tenure of the deposit. Usually, deposits with 1-3 years tenure has the highest rate. The interest rates are fixed by the institution on its discretion and may change over time depending on RBI policy, inflation and other external factors affecting the economy.
Disclaimer:- The content of this website does not constitute financial advice and is solely meant for information purpose. The interest rates are updated regularly from the official websites linked above.