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Recurring Deposit

Recurring Deposits (RD) provides customers with the flexibility to invest an amount of their choice each month and save money with ease. Recurring deposit accounts are offered by most of the banks and NBFCs in India with tenures ranging from 6 months to 10 years. The interest rate usually ranges from 5.00% - 7.85%.


Recurring Deposit In Simple Process

Loanbyphone.in provide Recurring Deposit in simple document process. First you provide document and our company verify document and provdie your Recurring Deposit.

Simple procedure

Less Document

No Security or Guarantors


Best Banks to Open a Recurring Deposit Account

A number of banks in India offer customers the facility to open a recurring deposit account.


The RD Interest Rates for Regular & Senior citizens for the top banks are as follows:


Name of the Bank Senior Citizen RD Interest Rates (p.a) Regular RD Interest Rates (p.a)
HDFC Bank 6.50%-7.75% 6.25%-7.25%
SBI 7.20% -7.35% 6.70% -6.85%
ICICI Bank 6.50%-7.75% 6.00%-7.25%
Bandhan Bank 7.15%-7.85% 6.40%-7.10%
Canara Bank 6.85%-7.50% 6.35%-7.00%