Interest rates offered by top ten public sector banks and private banks on three-year recurring deposits range from 6.25-7.25 percent per annum A recurring deposit helps you put a fixed sum of ...

these cannot be changed after the account is opened. The interest on the recurring deposit scheme is compounded quarterly, which means that the interest earned in each quarter is added to the ...

One year after opening an account, you can take a loan of up to 50% of the deposited amount. The interest rate for this loan will be 2% higher than the interest paid on the recurring deposit account.