These three banks are giving more than 8% return on RD scheme of their customers! Know the details

RD for Senior Citizens: Since the decision of the Reserve Bank of India to increase the repo rate, many banks have been continuously increasing their Fixed Deposit Rates, Recurring Deposit Rates and Savings Accounts. Account) interest rates have been increased. Due to this senior citizens are getting the benefit of higher interest rate. Although there are many types of investment schemes in the market, but even today senior citizens prefer to invest their money in safe investment schemes.

If you want to get a return of up to 8% on your investment, then let us tell you that we are giving information about three such banks, senior citizens are giving more than 8% return on recurring deposits. Let us know about the interest rates available on these banks-

Utkarsh Small Finance Bank Recurring Deposit
Utkarsh Small Finance Bank has decided to increase the interest rates on its recurring deposits after the Reserve Bank announced an increase in the repo rate. Let us tell you that Utkarsh Small Finance Bank offers its customers the facility of recurring deposits with tenures ranging from 3 months to 10 years. The bank offers 8% interest rate on FDs of 21 months to 24 months. At the same time, the bank offers an interest rate of 8.50% to senior citizens on FDs of 24 to 36 months. In such a situation, you can create a huge fund by investing in this scheme.

Jana Small Finance Bank Recurring Deposit
Let us tell you that Jana Small Finance Bank had changed the interest rates of its RD on 15 June 2022. The bank is offering 8.05% interest rate on RD of 12 to 24 months. At the same time, it is offering an interest rate of 8.05% on RD of 24 to 36 months and 8.15% on RD of 36 to 60 months. The bank offers RD scheme from 1 to 120 months to its customers. In this scheme you can invest money in multiples of 100. On the other hand, if you withdraw money before the maturity of RD, then you will have to pay a penalty of 0.5%.

North-East Small Finance Bank Recurring Deposit
North East Small Finance Bank also offers senior citizens returns of more than 8% on their recurring deposits. The bank offers its customers recurring deposits ranging from 3 months to 10 years. You can get a return of 8.00% on a 2-year RD scheme. At the same time, an interest rate of 7.50% is offered to ordinary citizens in this tenure.

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