IDBI Bank Recurring Deposit – Interest Rates · RD rates upto % are offered with quarterly compounding. · Minimum deposits accepted start. The bank which offers the IDBI Systematic Savings Plan – Recurring Deposit enables you to add to your savings at your convenience. The Recurring Deposit. The amount as decided by you will be deducted every month from your savings account. The IDBI Bank Systematic Savings Plan (SSP) Advantage. Bullet No.

Idbi bank recurring deposit account -

Is a safe, low-risk form of investment. Apart from cancelled interest, any incentives offered are also withdrawn. You can visit your nearest branch and submit the Deposit Account form. Credit Score powered by. Citizen, the additional 50bps applicable to Sr. Disadvantages The interest earned might be lower than other, riskier, forms of investment, say investing in mutual funds, etc. In periods of high credit demand, banks offer higher interest rate to garner more funds through recurring deposits. The Company may receive remuneration from lenders idbi bank recurring deposit account services provided to them. Using an RD calculator helps you calculate how much you need to save monthly to achieve your financial goal. Saving a specific amount of money every month can lead to a substantial amount for the emergency fund in the long term. Similar Banks Offering RD. Whether you open it in single name or joint name, only one nominee per account is permissible. Information is subject to change without notice.