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RD interest rates: How much can you actually earn? Check what post offices and major banks offer
Mint 1 hr ago·20 Sept 2026, 2:54 pm
Recurring Deposits (RDs) are a popular, low-risk way to save money regularly. The interest rate you earn depends on the tenure of your deposit and the bank or post office offering it. While the rates for short-term deposits are often similar across institutions, long-term rates can vary significantly, making it important to compare options before you invest.
For investors, RDs offer a guaranteed return that is higher than a standard savings account. This makes them an attractive option for parking funds securely. Since the interest is fixed, the returns are predictable, which helps in financial planning. However, the actual total savings depend on how much you contribute monthly and the length of the deposit period.
What to watch next: Keep an eye on the Reserve Bank of India's monetary policy announcements. Changes in repo rates often lead banks to adjust their deposit rates. Investors should compare the latest rates offered by major banks and post offices to ensure they are getting the best possible return on their recurring deposits.
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