| Recurring Deposit Interest Rates* | ||
|---|---|---|
| Tenor | Regular RD* Current Rate |
Senior RD* Rate |
| 0 - 1 month | 0.00% | 0.00% |
| > 1 month - 6 months | 6.00% | 6.60% |
| > 6 months - 12 months | 8.00% | 8.60% |
| > 12 months - 23 months | 8.00% | 8.60% |
| = 24 months | 8.50% | 9.10% |
| > 24 months - 36 months | 8.00% | 8.60% |
| > 36 months - 60 months | 8.00% | 8.60% |
| > 60 months - 120 months | 6.75% | 7.35% |
* The interest is computed based on the actual number of days in a year i.e. 365 days for a nonleap year and 366 days for a leap year. The tenor of Deposit is calculated in number of days.
* In case of premature withdrawal of the recurring deposit, penalty of 0.5% will be applied on the applicable rate of interest for the duration which the deposit is maintained with us.
* In case of premature withdrawals, the relevant tenor rate will be applicable as defined in the rate card at the time of booking the RD.
* The minimum tenor should be 6 months.
* The minimum amount should be ₹ 100.
* The amount should be in multiples of ₹ 100.