Recurring Deposit
A Recurring Deposit, commonly known as RD, is a unique term-deposit that is offered by Indian Banks. It is an investment tool which allows people to make regular deposits and earn decent returns on the investment.
| Period Slabs | ROI |
|---|---|
| 1 Day To 45 Days | 0.00% |
| 45 Days To 90 Days | 5.00% |
| 91 Days To 180 Days | 6.00% |
| 181 Days To 364 Days | 6.50% |
| 1 Year To 2 years | 8.00% |
| 2 Year 1 Day above | 7.00% |