Investment Advice: On the one hand, the stock market, mutual funds, and cryptocurrencies are popular choices today. On the other side, a lot of people seek for the possibility of risk-free investment. We’re going to share a list of a few banks with you in this episode. By performing an RD of your money in this case, you can obtain a good return when it matures. Your investment money won’t be subject to market risk here.
Your invested funds will be entirely secure. Investments in recurring deposits are considered to be safe. Where you must deposit a large sum is in fixed deposits. As opposed to recurring deposit, which requires periodic deposits of cash. You receive the entire amount, including interest when the loan matures. Tell us about the banks in this episode where you are obtaining the best interest rates on RDs.
ICICIÂ Bank
Here, you have a choice between a 6-month and 10-year RD program. However, the interest rates for RDs are occasionally changed. Currently, normal RDs have an interest rate of 5.75 percent, and senior RDs have an interest rate of 6.50 percent.
HDFC Bank
Recently, the interest rates on its RDs were altered by HDFC Bank. Currently, the general public receives a maximum interest rate of 5.75 percent on RDs in this bank, while senior people receive a maximum interest rate of 6.50 percent.
Kotak Mahindra Bank
Customers of this bank have the choice of conducting RD for anywhere between six months and ten years. In this case, the interest rate for regular individuals is 5.90% on RD and 6.40% for senior citizens.
RBL Bank
The maximum interest rate on RDs in this bank is 6.50 percent for regular people and 7 percent for senior citizens. In the aforementioned banks, you are free to invest in any RD of your choosing.
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