On one hand, where today many people are inclined toward the stock market, mutual funds, and cryptocurrencies. On the other hand, there are many people who look for the option of risk-free investment. In this episode, today we are going to share with you the list of some banks. Here you can get a good return at the time of maturity by doing an RD of your money. There will be no market risk on your money invested here.
The money you invest will be completely safe. Recurring deposit investment is counted as a safe investment option. In Fixed Deposit where you have to deposit a lump sum amount. Whereas in a recurring deposit, you have to deposit money at regular intervals. At the time of maturity, you get the full amount including interest. In this episode, let us know about those banks where you are getting the best interest rate on RD.
ICICI Bank
Here you get the option of doing RD for 6 months to 10 years. However, the interest rates on RDs are revised from time to time. At present, an interest rate of 5.75 percent is available on general RD and 6.50 percent on RD for senior citizens.
HDFC bank
Recently HDFC Bank has made changes in the interest rates of its RD. At present, on getting an RD in this bank, the general public is getting a maximum interest rate of 5.75 percent and senior citizens 6.50 percent.
Kotak Mahindra Bank
This bank gives customers the option of doing RD for 6 months to 10 years. Here general citizens are getting an interest rate of 5.90 percent on RD and 6.40 percent for senior citizens.
RBL Bank
On getting an RD in this bank, the general citizens are getting a maximum interest rate of 6.50 percent and senior citizens are getting 7 percent. You can invest in any RD of your choice in these mentioned banks.
