7 Best Recurring Deposits With Interest Rates Up To 8%
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North East Small Finance Bank Recurring Deposit
Recurring deposits are available from North East Small Finance Bank, with periods ranging from three months to ten years. For the general public, interest rates on RD vary from 4.25 per cent to 7.50 per cent, while rates for the elderly range from 4.75 per cent to 8.00 per cent. These rates are in effect from 1st September 2020.
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| 3 Months | 4.25 | 4.75 |
| 6 Months | 4.5 | 5 |
| 9 Months | 5.5 | 6 |
| 1 Year | 5.5 | 6 |
| 2 Year | 7.5 | 8 |
| 3 Year | 7 | 7.5 |
| 4 Year | 7 | 7.5 |
| 5 Years | 6.5 | 7 |
| More than 5 years up to 10 years | 6.5 | 7 |
| Source: North East Small Finance Bank |
Utkarsh Small Finance Bank Recurring Deposit
Utkarsh Small Finance Bank provides recurring deposits with a tenure ranging from 6 months to 10 years. Currently, this bank is providing the highest interest rates among the small finance banks. For the general public interest rates on RD ranges from 6.50% to 7.00%, whereas for senior citizens the interest rates range from 7.00% t0 7.50%. These rates are in force from July 1, 2021.
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| Up to 6 months | 6.50% | 7.00% |
| 9 months | 6.50% | 7.00% |
| 12 months | 6.75% | 7.25% |
| 15 months | 6.75% | 7.25% |
| 18 months | 6.75% | 7.25% |
| 21 months | 6.75% | 7.25% |
| Above 21 Months to less than 24 Months | 6.75% | 7.25% |
| 24 Months to 36 months | 7.00% | 7.50% |
| Above 3 Years up to 5 Years | 6.75% | 7.25% |
| Above 5 years up to 10 years | 6.75% | 7.25% |
| Source: Utkarsh Small Finance Bank |
Jana Small Finance Bank Recurring Deposit
Jana Small Finance Bank offers recurring deposits with terms ranging from one month to one hundred and twenty months. Interest rates on RD range from 4.00 per cent to 6.75 per cent for the general public, whereas rates for elderly persons range from 4.50 per cent to 7.25 per cent. These rates are in effect from June 10, 2021.
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| > 1 Month – 6 Months | 4.00% | 4.50% |
| > 6 Months – 12 Months | 5.50% | 6.00% |
| > 12 Months – 36 Months | 6.50% | 7.00% |
| > 36 Months – 60 Months | 6.75% | 7.25% |
| > 60 Months – 120 Months | 6.00% | 6.50% |
| Source: Jana Small Finance Bank |
Fincare Small Finance Bank Recurring Deposit
Fincare Small Finance Bank provides recurring deposits with periods ranging from seven days to eighty-four months. The interest rate on RD varies from 3.00 per cent and 6.50 per cent. With effect from 17 May 2021, these rates are in force.
| Tenure | Interest Rates In % |
|---|---|
| 7 days to 45 days | 3.00% |
| 46 days to 90 days | 3.25% |
| 91 days to 180 days | 3.50% |
| 181 days to 364 days | 5.00% |
| 12 months to 15 months | 5.60% |
| 15 months 1 day to 18 months | 5.60% |
| 18 months 1 day to 21 months | 6.00% |
| 21 months 1 day to 24 months | 6.00% |
| 24 months 1 day to 30 months | 6.25% |
| 30 months 1 day to 36 months | 6.25% |
| 36 months 1 day to 42 months | 6.50% |
| 42 months to 48 months | 6.25% |
| 48 months 1 day to 59 months | 6.25% |
| 59 months 1 day to 66 months | 6.00% |
| 66 months 1 day to 84 months | 5.50% |
| Source: Fincare Small Finance Bank |
Suryoday Small Finance Bank Recurring Deposit
Suryoday Small Finance Bank offers recurring deposits that last anywhere from six months to ten years. For both the general public and elderly individuals, the interest rate on RD ranges between 4.75 per cent and 6.75 per cent. These rates are in force from June 21, 2021.
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| 6 months | 4.75% | 4.75% |
| 9 months | 5.25% | 5.25% |
| 12 months | 6.50% | 6.75% |
| 15 months | 6.50% | 6.75% |
| 18 months | 6.50% | 6.75% |
| 21 months | 6.50% | 6.50% |
| 24 months | 6.50% | 6.50% |
| 27 months | 6.25% | 6.50% |
| 30 months | 6.25% | 6.50% |
| 33 months | 6.25% | 6.50% |
| 36 months | 6.25% | 6.50% |
| Above 3 Years to less than 5 Years | 6.75% | 6.75% |
| 5 Years | 6.25% | 6.50% |
| Above 5 Years to 10 Years | 6.00% | 6.00% |
| Source: Suryoday Small Finance Bank |
Equitas Small Finance Bank Recurring Deposit
Equitas Small Finance Bank provides recurring deposits with periods ranging from 12 to 120 months. For the general public, interest rates on RD vary from 6.35 per cent to 6.50 per cent, while rates for senior citizens range from 6.85 per cent to 7 per cent. These rates are in force from June 1, 2021.
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| 12 Months | 6.35% | 6.85% |
| 15 Months | 6.35% | 6.85% |
| 18 Months | 6.35% | 6.85% |
| 21 Months | 6.25% | 6.75% |
| 24 Months | 6.25% | 6.75% |
| 30 Months | 6.35% | 6.85% |
| 36 Months | 6.35% | 6.85% |
| 48 Months | 6.25% | 6.75% |
| 60 Months | 6.25% | 6.75% |
| 90 Months | 6.50% | 7.00% |
| 120 Months | 6.50% | 7.00% |
| Source: Equitas Small Finance Bank |
Ujjivan Small Finance Bank Recurring Deposit
Ujjivan Finance Bank offers recurring deposits with terms ranging from six to one hundred and twenty months. Interest rates on RD range from 5.20 per cent to 6.75 per cent for the general public, and from 5.7 per cent to 7.25 per cent for elderly persons. These rates are in force from 5 March 2021.
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| 6 months to 9 months | 5.20% | 5.70% |
| 12months to 24 months | 6.50% | 7.00% |
| 27 months to 36 months | 6.75% | 7.25% |
| 39 months to 60 months | 6.75% | 7.25% |
| 63 months to 120 months | 5.80% | 6.30% |
| Source: Ujjivan Small Finance Bank |
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