ICICI Bank is a renowned financial institution known for its wide range of banking services and products. Additionally, senior citizens receive an extra interest rate boost ranging from 0.50% to 0.80% across all tenures.

For regular citizens, the bank provides interest rates between 6.50% p.a. As with most of the major RDs, you have the flexibility to select a tenure for your RD account ranging from 12 months to 10 years. State Bank of India offers the option to open a Recurring Deposit (RD) account with a minimum deposit of ₹100. Recurring deposit schemes facilitate disciplined investments, offering a convenient and secure way to earn favourable returns on deposited funds.Ĭheck out our blog post to learn more – What Is a Recurring Deposit? How RD Works & Its Features List of Highest RD Interest Rates in India 2023 Bankīanks With the Best RD Interest Rates in 2023ĭon’t wait until it’s too late! Secure your financial future with Freo Savings RD today! Upon maturity, investors receive their invested funds along with accumulated interest. It involves a predetermined fixed amount being deducted monthly from either a savings account or a current account.

Recurring Deposit is a financial tool designed to promote saving habits among individuals.

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