|Tenor||Interest Rate p.a. ( %)||Senior Citizen Rates p.a. ( %)|
|1 year to 455 days||7||7.5|
|456 days to less than 2 years||7||7.5|
|2 years to less than 3 years||7||7.5|
|3 years to less than 5 years||6.5||7|
|5 years and upto 10 years||6.5||7|
*For Deposits of Less Than ₹ 1 Crore
Get the Highest Interest Rates on Bharatiya Mahila Bank Recurring Deposit
Bharatiya Mahila Bank offers three types of recurring deposit schemes, which are BMB Sanchayika Nidhi, BMB Flexi RD and BMB Komal Kali RD. These schemes help investors save money regularly by investing a portion of money every month for a fixed tenure. BMB Sanchayika Nidhi and BMB Flexi RD accounts can be opened by an individual or minor, clubs, eligible institutions, associations or it can be opened through a joint account. Only a minor girl can open a BMB Komal Kali RD account either individually (if she is 10 years old) or with her guardian.
Deposits of minimum Rs.100 per month in BMB Sanchayika Nidhi and BMB Flexi RD accounts have to be made for minimum 1 year and maximum 10 years, while the deposits of minimum Rs.50 per month in BMB Komal Kali RD accounts have to be made for minimum 3 years, in multiples of 12 months up to maximum 10 years. The maximum amount that a person can deposit each month in his or her BMB Flexi RD account is Rs.1, 00, 000.
Bharatiya Mahila Bank Short-Term Recurring Deposit Interest Rates
Short- term recurring deposit accounts with Bharatiya Mahila Bank can be opened for a period of minimum 1 year to below 3 years, attracting an interest rate is 7.25% per annum for an amount that is less than Rs.1 crore.
Bharatiya Mahila Bank Medium and Long Term Recurring Deposit Interest Rates
Medium term recurring deposit accounts with Bharatiya Mahila bank can be opened for a tenure of 3 years to below 5 years and long term recurring deposit accounts with the bank can be initiated for a period of 5 years up to maximum 10 years. The rate of interest provided on medium term and long term deposits of less than Rs.1 crore is 7.00 percent per annum.
Bharatiya Mahila Bank Senior Citizen Recurring Deposit Interest Rates
On their recurring deposits with Bharatiya Mahila Bank, senior citizens are offered 0.5 percent per annum more than the regular rates.
Bharatiya Mahila Bank NRE Recurring Deposit Interest Rates
Bharatiya Mahila Bank allows NRIs to open recurring deposit accounts for short, medium and long term tenures. The interest rates offered to them are the same as the ones offered on domestic term deposits.
More you need to know about Recurring Deposit
- Compare Recurring Deposit Rates of Bharatiya Mahila Bank with Other Banks and Institutions
- Check Features and Schemes of Bharatiya Mahila Bank Recurring Deposit
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News About Bharatiya Mahila Bank Recurring Deposit Interest Rates
Bharatiya Mahila Bank Revises Interest Rates Offered for Fixed and Recurring Deposits
Bharatiya Mahila Bank has revised the interest rates offered for their term deposit products with effect from 13th November 2015. Term deposits with a tenure of 1 year and above but below three years now attracts an interest rate of 7.25%. The interest rates offered for deposits above 3 years and below 5 years is 7% p.a. as well as tenures of above 5 years up to 10 years attracts an interest rate of 7% p.a.
Senior citizens receive an interest rate of 0.50% p.a. higher than the prevailing rates. However the biggest change in rates comes for fixed deposits that are less than Rs. 1 Crore. For a period of one year with a deposit amount of less than Rs. 1 crore, the interest rate offered has been hiked from 7.75% p.a. to 7.90% p.a.
17th August 2016