CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
List of recurring deposit rates across all banks in India
An RD or a Recurring Deposit, is a convenient way to save money while at the same time earning interest on it. Basically, you would be required to make fixed monthly installments (depending on your budget) for a fixed tenure. An RD allows you to make smaller ongoing investment while at the same time earning interest equal to that of an FD, but without the need to make a bulky one-time payment at the beginning of the deposit, as is the case with an FD. You enjoy a higher rate of interest than a savings account for the same principal amount.
About Karnataka Bank Recurring Deposit Interest Rates
An RD in Karnataka Bank instills a habit of regular savings, where in you can invest a fixed amount every month for a fixed number of months. You can make these installments to a Karnataka Bank recurring deposit scheme either by a Standing Order, ECS mandate or by regular direct remittance.
Karnataka Bank RD interest rates are similar to rates offered for FD accounts. You can get the best rates for a Karnataka Bank Recurring Deposit by investing in any of its RD schemes. Following is an overview of Karnataka Bank RD interest rates including Karnataka Bank Short-Term RD Interest Rates. For the latest and accurate RD interest rates in Karnataka Bank, it is advisable to check with the bank directly.
The current RD Interest rate ranges from 4% to 7% for normal Indian residents including minors and HUF. It is advisable to contact the bank directly for the revised and up to date interest rates as they can fluctuate on a regular basis.
Senior citizens enjoy preferential rates. For the most accurate and the latest revised or updated interest rates, it is advisable to contact the bank directly.
You can call the customer care for help with your RD application. Alternatively, you can visit your nearest Karnataka branch and have a bank representative help you with the process.
You can make use of Karnataka Bank online RD Calculator to help compute the interest and the maturity amount earned on your invested amount. It is often recommended to use an online RD calculator before you invest in an RD account. This is because it helps you visualize the maturity amount and lets you decide how much you wish to save and invest monthly. Using an RD Calculator is easy— you need to enter the instalment amount you want to invest monthly, the duration, the interest rate, method of compounding, and the calculator will provide the maturity amount that you get at the time of maturity of the Recurring Deposit. You can try various amount and opt for the one that helps achieve your financial goal and suits your budget.
1. What is the eligibility criteria to open an RD account with Karnataka Bank?
Individuals, in their own name, jointly with others, minors who have attained the age of 10 years and above in his/her own name, minors below the age of 10 years under guardianship of parents/legal guardian, HUFs, associations, clubs, societies, trust, proprietorship/partnership Firm, companies, corporate body, etc. can open RD account with Karnataka bank. Illiterate and blind people are also eligible to open accounts.
2. What is the minimum deposit period?
The minimum deposit tenure is 6 months to a maximum of 10 years.
3. How do I apply for a regular recurring deposit?
If you are a new customer, you can start with opening a savings account, which can be linked with an RD account. Alternately, you can visit your nearest branch and submit the RD application form.
4. What is the documentation required to open an RD account?
You will require the following documents:
Usefulness of information,
Get loans starting from 11.25% interest rate
Know how to improve credit score
FREE credit analysis for 1 year
Andhra Bank Recurring Deposit Rate
Axis Bank Recurring Deposit Rate
Bandhan Bank Recurring Deposit Rate
Bank Of Baroda Recurring Deposit Rate
Bank Of India Recurring Deposit Rate
Bank Of Maharashtra Recurring Deposit Rate
Canara Bank Recurring Deposit Rate
Central Bank Of India Recurring Deposit Rate
Citibank Recurring Deposit Rate
City Union Bank Recurring Deposit Rate
Corporation Bank Recurring Deposit Rate
DCB Bank Recurring Deposit Rate
Deutsche Bank Recurring Deposit Rate
Dhanlaxmi Bank Recurring Deposit Rate
Federal Bank Recurring Deposit Rate
HDFC Bank Recurring Deposit Rate
ICICI Bank Recurring Deposit Rate
IDBI Bank Recurring Deposit Rate
Indian Bank Recurring Deposit Rate
Indian Overseas Bank Recurring Deposit Rate
IndusInd Bank Recurring Deposit Rate
Jammu Kashmir Bank Recurring Deposit Rate
Karur Vysya Bank Recurring Deposit Rate
Kotak Mahindra Bank Recurring Deposit Rate
Lakshmi Vilas Bank Recurring Deposit Rate
Oriental Bank Of Commerce Recurring Deposit Rate
Punjab National Bank Recurring Deposit Rate
Punjab Sind Bank Recurring Deposit Rate
RBL Bank Recurring Deposit Rate
SBI Recurring Deposit Rate
South Indian Bank Recurring Deposit Rate
State Bank Of Travancore Recurring Deposit Rate
SVC Bank Recurring Deposit Rate
Syndicate Bank Recurring Deposit Rate
Tamilnad Mercantile Bank Recurring Deposit Rate
UCO Bank Recurring Deposit Rate
Union Bank Of India Recurring Deposit Rate
Vijaya Bank Recurring Deposit Rate
YES Bank Recurring Deposit Rate
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.