RD Interest Rates 2026: Everyone wants to secure their family’s future. For this, he makes monthly savings from his salary. This helps build a big fund for the future. If you also want to build a good fund by investing a small amount every month, an RD scheme can be an easy option. In this, you do not need to invest a huge amount at once. You deposit a fixed amount monthly, and after the tenure ends, you receive interest along with the deposited amount. Let us know about it in detail.
what is rd
RD is called a recurring deposit. This is a type of savings scheme. In this, the customer deposits a fixed amount monthly in the bank or post office and receives fixed interest on this deposited amount. Suppose you deposit 2,000 rupees monthly; then your total deposit in one year will be 24,000 rupees. After this, you will receive interest as per the plan. Accordingly, the RD scheme is special for those who invest small amounts regularly.
How much interest is available in Post Office RD Scheme?
Currently, the Post Office RD scheme offers an annual interest rate of about 6.7 per cent. The rate is decided based on the Post Office RD period and other rules. The advantage of the Post Office RD Scheme is that it can be the best option for those who want to save by making regular deposits.
How much interest is Axis Bank paying on RD?
The interest rate on Axis Bank RD may also vary by tenure. For example, you can get interest up to 6.25% for general customers and 6.75% for senior citizens on a 12-month RD. Keep in mind that interest rates keep changing across banks.
Amazing RD of AU Small Finance Bank
AU Small Finance Bank also provides interest on RD for different tenures. According to the information, the interest rates for 3 to 6 months can be between 4.75 per cent and 5.75 per cent.
Know RD interest rates of other banks
At the same time, SBI, ICICI Bank, and other government and non-government banks offer different RD facilities. These interest rates vary by bank and tenure. Generally, RD interest rates at many banks are around 5.50 per cent to 7 per cent. However, these are just general rates.
How much interest are the elderly getting on RD?
If there is an elderly person in your house and you get his RD done, know that the bank provides more interest to the elderly than to ordinary customers. Many banks give about 0.50 per cent extra interest to the elderly over the normal rate. But this facility varies by bank and tenure. In such cases, ask for this information when opening an RD.
Know the difference between RD and FD
In both RD and FD, you earn interest by depositing money in the bank, but the method differs. In an FD, a large lump sum is deposited, and you also receive interest on it. In an RD, you deposit a fixed amount monthly. In such a situation, if the amount is not big and you have a monthly income, then an RD can be convenient for you.