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The interest rates on RDs depend on which category you fall under and your choice between different banks.The current interest rates available from different banks range between 4.5% and 7.90% per annum.
| Factor | Recurring Deposit | Mutual Funds-Robo Invest |
|---|---|---|
| Typical Returns | 5-7% | 7-13% |
| Typical Net Return (Post Taxes & Penalties) | 4.5-5.5% (End Of Term) 3-4% If RD Is 'Broken' | 7-12% |
| Penalty/Exit Load | 1-2% | 0% |
| Tax | As Per Tax Slab | Debt Less Than 5% Arbitrage - 0% |
| Mode Of Investment | Monthly Automatic | Bi-Weekly/ Monthly Automatic |
| Compounding | Quarterly/ Yearly | Daily |
| Lockin Period | Fixed Term/ Premature With Penalty | NIL |
| Partial Withdrawal | Sometimes | Always Allowed |
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