Rd with post office

If investment in RD is made in the year 2010-11, than interest will be calculated at which rate-10-11 or the current years int rate i.e 2013-14???
Replies (1)

SBI Interest rates are taken for reference for Recurring Deposits.

 

Interest Rate of Recurring Deposits may vary from bank to bank and according to tenure of the deposits.bank pays the interest at the pre-determined rates (which is usually the  same as applicable to fixed deposits ).

 

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