Banks Offering More Than 7% Interest On Recurring Deposits
According to data compiled by Bankbazaar, these banks are offering up to 7.6 percent interest on recurring deposits.
DCB Bank
The lender is offering 7.6 percent interest on recurring deposits with a 5-year tenor. The rate is applicable on RDs having a value of less than Rs 2 crore.
Suryoday Small Finance Bank
Customers can earn 7.25 percent on recurring deposits with a tenor of 5 to 10 years. For senior citizens, the rate is 7.5 percent.
Ujjivan Small Finance Bank
Investors can avail of 7.2 percent interest on RDs with a tenor of 36 to 60 months.
Deutsche Bank
The lender is offering 7.25 per cent interest on RDs that will mature in 60 months.
IndusInd Bank
The bank is providing interest of 7 per cent on recurring deposits of 61 months and above.
Axis Bank
Axis Bank also offers 7 percent interest on recurring deposits of a 5-year tenor.
HDFC Bank
The private lender is giving 7 percent interest per annum on RDs that will mature in 5 years.