Recurring deposit schemes are earning around 8 percent interest. Recurring Deposit is a regular deposit scheme. In this, investors can deposit money regularly and get returns on the money at fixed interest rates. Recurring Deposit is a small investment that gives you a chance of big returns. Different banks have different interest rates on recurring deposits. This month, several banks revised their interest rates for recurring deposits worth less than Rs 2 crore.
DCB Bank is currently offering great recurring deposit schemes. Currently, DCB Bank is offering maximum interest of 6.95 percent to general customers on recurring deposits. Whereas senior citizens will get up to 7.45 percent interest. RD can be done in this investment for a period of 7 days to 10 years. The minimum investment value is Rs.500. DCB Bank Recurring Deposit Scheme Interest Rate:
Interest rate on DCB Bank Recurring Deposits for 7 days to 14 days will be 4.75 percent, Recurring Deposits for 15 days to 45 days will be 5.05 percent. Recurring deposits for a tenure of 46 days to 90 days will carry an interest rate of 5.25 percent. The interest rate will be 5.75 percent for a tenure of 91 days to 6 months. The interest rate is 6.80 percent for a term of 700 days to 36 months. The interest rate will be 6.95 percent for a period of 36 months. The interest rate will be 6.95 percent for a tenure of 36 months to 60 months. The DCB Bank Recurring Deposit will carry an interest rate of 6.95 percent for a tenure of 60 months to 120 months.
