Latest Central Bank of India RD Interest Rates: Everything You Need to Know

Investments often bring to mind putting aside a big lump sum. But saving doesn’t always have to be that way. With a recurring deposit (RD), you can start small. Just put aside a fixed amount every month. At maturity, you still get assured returns.

The Central Bank of India is one of the oldest public sector banks. It offers RDs that are safe, flexible and easy to manage. The Central Bank of India RD interest rates 2025 range from 3.50% to 6.50% for the general public. For senior citizens, the rates are between 4.00% and 7.00%. These are official card rates and may change. 

Keep reading to know the latest rates, features and how you can open an RD.

What is a Central Bank of India RD?

A recurring deposit (RD) is a simple savings plan. You invest a fixed monthly amount for a chosen tenure. At maturity, you get your deposits back along with interest. The Central Bank of India RD is best for regular savers. It offers guaranteed returns without the risks that come with market-linked products.

Central Bank of India RD Interest Rates 2025

This table shows the current Central Bank RD interest rates for deposits below ₹3 crore. Senior citizens get 0.50% more than regular customers across all tenures.

Maturity PeriodGeneral public (p.a.)Senior citizens (p.a.)
7 – 14 days3.50%4.00%
15 – 45 days3.75%4.25%
46 – 90 days4.50%5.00%
91 – 179 days5.00%5.50%
180 – 364 days5.50%6.00%
1 yr to < 2 yrs6.40%6.90%
2 yr to < 3 yrs6.50%7.00%
3 yr to 10 yrs6.25%6.75%

The Central Bank of India RD interest rate can change whenever the bank updates it. This is why you should always verify the latest card rate on the bank’s official website before booking. 

Types of RD Schemes at the Central Bank of India

The Central Bank of India offers special recurring deposit products that come with unique benefits. Here are two key options:

Cent Surakshit Samriddhi RD

  • A recurring deposit that also provides life insurance cover
  • Available for individuals aged 18 to 50 years
  • Minimum monthly instalment ₹10,000 in multiples of ₹10,000
  • Fixed tenure of 84 months
  • Maturity and insurance cover around 100 times the instalment (TDS applies)
  • Account opening is only available offline

Cent Swa-Shakti Flexi RD

  • Choose a core instalment and add extra anytime
  • Minimum core ₹100 per month, maximum ₹1,00,000
  • Tenures up to 120 months
  • Deposit up to 10 times the core in any month
  • No penalty for delay or early closure
  • Free transfer across branches

These products are designed for different needs. One offers security with insurance, while the other gives flexibility with variable instalments. 

How to Apply for a Central Bank RD?

You can open an RD in two ways:

  • Online: Use the Central Bank of India’s internet or mobile banking. Select the RD option, enter the amount and tenure and confirm details.
  • Offline: Visit your nearest branch, fill out the RD form and submit KYC documents. You would need your PAN, Aadhaar or voter ID along with proof of address.

What to Remember Before Opening a Central Bank of India RD?

Keep these points in mind before you open an RD:

  • Central Bank RD interest rates change: The Central Bank of India RD interest rate is revised regularly.
  • Taxable interest: TDS applies above ₹40,000 (₹50,000 for seniors). Form 15G or 15H helps avoid it if your income is below the limit.
  • Penalties for delays: Missed instalments attract penalties. It’s best to set up auto-debit for smooth payments.
  • Premature closure: You can close the RD early. No penalty will apply to the interest of the Cent Swa-Shakti Flexi Recurring Deposit.
  • Tenure choice matters: Pick a tenure that matches your savings goal. Longer terms may fetch slightly better rates.

Recurring deposits are a safe way to save without risk. The Central Bank of India RD interest rate is competitive and rewarding, especially for senior citizens. 

And, if you want to invest a lump sum, an FD can be a great choice. It helps you earn fixed returns, whether your goal is short-term or long-term. With Fibe, you can start a fixed deposit from just ₹1,000! Download the Fibe App now and book an FD in a few minutes!

FAQs on Central Bank of India RD Interest Rates

What is the maximum tenure available for RD with the Central Bank of India?

You can choose tenures going up to 10 years. Just pick a period that matches your investment goals.

Are Central Bank of India RD rates the same for regular customers and staff?

Staff and retired staff enjoy higher returns than regular customers. Staff and ex-staff including widows or widowers get 1.0% extra. If someone is both ex-staff and a senior citizen, the benefit goes up to 1.5%.

Is there a penalty for delayed or missed RD instalments in the Central Bank of India?

A penalty is charged if you miss instalments. For deposits up to 60 months, it is ₹1.50 per month per ₹100. For deposits above 60 months, it is ₹2.00 per month per ₹100. Setting up auto-debit is the easiest way to avoid penalties.

Latest PNB Bank RD Interest Rates: All You Need to Know

Saving regularly can feel tough, but an RD makes it simple. You just fix a small monthly amount and let it grow with assured returns. Among public sector banks, Punjab National Bank stands out for its trust and wide reach. 

The current PNB RD interest rates 2025 range from 6.00% to 6.50% p.a. for tenures between 6 months and 10 years, with seniors earning up to 0.80% extra as per the bank’s card rates. This makes PNB a safe choice for anyone looking to build wealth steadily without market risks.

Read on to learn more about the rates, features, eligibility and how you can open an RD with ease.

What is a PNB RD Scheme?

A PNB RD is a savings plan where you deposit a fixed sum monthly for a chosen tenure. At maturity, you get back your deposits plus interest. The PNB RD scheme is designed for steady savers who prefer security and predictable growth over market risks. It is backed by PNB’s official terms and conditions, ensuring clarity on rules.

PNB RD Interest Rates 2025

The table shows how different monthly deposits and tenures can help you reach a maturity value of ₹1 lakh under PNB RD interest rates 2025:

TenureMonthly Deposit (₹) For ₹1 Lakh MaturityRate of Interest (%)Maturity Value (₹)
1 Year8,0516.41,00,009
2 Years3,8986.41,00,016
3 Years2,5156.41,00,002
4 Years1,8226.51,00,038
5 Years1,4096.51,00,026
6 Years1,1536.01,00,032
7 Years9586.01,00,089
8 Years8126.01,00,106
9 Years6996.01,00,127
10 Years6096.01,00,137

You can also calculate maturity values for higher deposits like ₹5 lakh or ₹10 lakh using the same PNB RD interest rates 2025. As the rates remain the same while the maturity amount scales up. These PNB Bank RD interest rates are official card rates and may change whenever the bank revises them.

PNB RD Interest Rates for Senior Citizens

Senior citizens between 60 and 80 years old get 0.50% extra on the PNB Bank RD interest rates for deposits up to 5 years. They get 0.80% extra for longer tenures on deposits below ₹3 crore. Super senior citizens over 80 years old get 0.80% extra across all maturity buckets. The PNB RD rates are designed to give retirees better returns.  

Key Features of PNB RD

Apart from the Punjab National Bank RD interest rates, these features also decide how much you ultimately earn:

  • Minimum deposit: ₹100 per month, in multiples of ₹1
  • Maximum deposit: ₹25 lakh per customer per month
  • Flexible tenure: From 6 months to 120 months, in multiples of 1 month
  • Standing instruction: Auto-debit option available from your PNB account
  • Loan facility: You can borrow up to 90% of your RD balance if needed
  • Premature withdrawal: Allowed with a 1% penalty on the PNB recurring deposit rate
  • Payment due: The RD amount is paid at maturity or 1 month after the last instalment, whichever is later
  • Delayed instalments: You pay ₹1 per ₹100 per month as penalty. But the amount still earns interest with half-yearly compounding

How to Apply for a PNB RD?

A PNB RD can be opened by individuals, minors, families, firms, companies or institutions. And you can apply online through net banking or at a branch with basic KYC documents. 

  • Online: Use PNB’s net banking or mobile banking app to set up your RD instantly
  • Branch: Visit your nearest PNB branch, fill out the RD form and provide the required KYC documents

Tax Rules on PNB RD

The interest you earn on a recurring deposit is taxable. TDS is applied if your interest in a financial year crosses ₹40,000 or ₹50,000 for senior citizens. If your income is below the tax limit, you can submit Form 15G or 15H to avoid TDS on your RD interest.

The PNB Bank RD interest rates for regular citizens can give you steady growth. And the PNB RD rates offer even better returns for senior citizens. This makes recurring deposits a safe option to save for future goals or to park extra money without risk.

With Fibe, you also have more ways to grow your wealth. You can open an FD starting at just ₹1,000, enjoy attractive fixed interest and grow your savings with ease. Just download the Fibe App and book an FD in a few clicks!

FAQs on PNB RD Interest Rates

How much interest will I get on a ₹1 lakh RD in PNB?

The return on a ₹1 lakh RD depends on the tenure you choose. For shorter terms like 1-3 years, the PNB RD rates are around 6.4%. For longer tenures of 4 to 5 years, the rate goes up to 6.5%. And for 6-10 years, it’s around 6.0%. Senior and super senior citizens get higher rates over and above these card rates.

Does PNB offer higher RD interest rates for senior citizens?

Yes, senior citizens get an additional 0.50% to 0.80% over regular rates. Super senior citizens get 0.80% extra across all tenures.

How do I get tax benefits on PNB RD?

RD interest itself does not qualify under special tax exemption clauses. But you can avoid TDS by submitting Form 15G / 15H if your total income is below the taxable thresholds. Just ensure your PAN and address proofs are updated.

Navratri 2025: Dates, Colors, Rituals & Celebration Guide

This year, Navratri will be celebrated from September 22 (Monday) to October 1 (Wednesday), with Vijayadashami / Dussehra on October 2, 2025 (Thursday). Some regional panchangs may differ slightly due to lunar timings. Read on to understand what this season is all about. 

What is Navratri? 

Navratri, meaning ‘9 nights,’ is one of India’s most awaited festivals dedicated to Goddess Durga and her 9 divine forms, known as the Navadurga. Celebrated during the Ashwin month of the Hindu Panchang, it’s a time for fasting, prayer, garba & dandiya nights and vibrant devotion across India. 

Navratri 2025 Calendar (Day-by-Day) 

Here’s the complete Navratri 2025 calendar with dates, tithis, goddess forms and colors: 

Date Day (Lunar Tithi) Goddess (Navadurga) Significance Color of the Day 
Sept 22 (Mon) Pratipada Shailaputri – Goddess of strength & beginnings Ghatasthapana / Kalash Sthapana White 
Sept 23 (Tue) Dwitiya Brahmacharini – Goddess of penance & devotion Fasting & meditation rituals Red 
Sept 24 (Wed) Tritiya Chandraghanta – Symbol of bravery & serenity Bell-shaped crescent adornment Royal Blue 
Sept 25 (Thu) Chaturthi Kushmanda – Creator of the universe Worship for health & prosperity Yellow 
Sept 26 (Fri) Panchami Skandamata – Nurturing mother of Lord Kartikeya Blessings for children & family Green 
Sept 27 (Sat) Shashthi Katyayani – Fierce warrior goddess Removes obstacles in marriage Grey 
Sept 28 (Sun) Saptami Kalaratri – Destroyer of evil Prayers for courage & protection Orange 
Sept 29 (Mon) Ashtami Mahagauri – Goddess of purity & peace Kanya Pujan rituals Peacock Green 
Sept 30 (Tue) Navami Siddhidatri – Bestower of wisdom & powers Maha Navami celebrations Pink 
Oct 2 (Thu) Dashami Vijayadashami (Dussehra) Symbol of victory of good over evil — 

Note: Colors may vary regionally; check your local panchang for final references. 

Popular Navratri Rituals & Traditions 

  • Ghatasthapana (Kalash Sthapana): On Day 1, devotees set up a Kalash symbolizing Durga’s presence. 
  • Navadurga Pujas: Each of the nine days is dedicated to one form of Durga with specific prayers. 
  • Fasting & Vrat Foods: Devotees eat sattvic food like sabudana khichdi, kuttu puri, fruits, and milk. 
  • Garba & Dandiya Nights: Gujarat comes alive with traditional dance; people in colorful attire gather in circles to dance around a decorated pot (Garba) or Durga idol. 
  • Durga Puja in Bengal: In West Bengal, Navratri coincides with Durga Puja, celebrated with huge pandals, idol immersions, and cultural events. 
  • Kanya Pujan (Ashtami/Navami): Young girls (symbolising the goddess) are worshipped and offered prasad. 

Navratri Holidays & Bank Closures 2025 

Navratri is not a pan-India public holiday, but several states and banks observe closures during this period. Between Sept 22 and Oct 2, 2025, expect bank holidays to vary regionally. 
Pro tip: Plan your financial tasks in advance to avoid last-minute holiday disruptions. 

Regional Celebrations Across India 

  • Gujarat & Maharashtra: Famous for garba and dandiya nights 
  • West Bengal, Assam & Odisha: Celebrated as Durga Puja with artistic pandals 
  • North India: Devotees observe ram leela plays leading up to Dussehra 
  • South India: Celebrated as golu/kolu in Tamil Nadu, Karnataka and Andhra Pradesh with decorative doll displays 

Festivals often come with extra expenses, from buying new clothes to hosting pujas or traveling home. With Fibe Personal Loan, you can focus on celebrations while we take care of your finances.  

You can get up to ₹5 lakhs cash directly in your bank account within minutes. Enjoy a 100% digital application process and zero foreclosure charges. Download the app or visit our website today!  

FAQs on Navratri 2025 

1. When is Navratri 2025? 

Navratri begins on Sept 22, 2025 and ends on Oct 1, 2025, followed by Vijayadashami on Oct 2, 2025. 

2. What are the colors for Navratri 2025? 

Day 1 — White, Day 2 — Red, Day 3 — Royal Blue, Day 4 — Yellow, Day 5 — Green, Day 6 — Grey, Day 7 — Orange, Day 8 — Peacock Green, Day 9 — Pink. 

3. What is Ghatasthapana? 

Ghatasthapana or Kalash Sthapana marks the beginning of Navratri, where a Kalash filled with water, mango leaves, and a coconut is placed to invoke Goddess Durga. 

4. Are there bank holidays during Navratri 2025? 

Yes, banks remain closed on select days during the festival, depending on the state holiday list. 

5. How is Navratri different in Gujarat and West Bengal? 

In Gujarat, Navratri is marked by Garba and Dandiya, while in West Bengal, it’s the grand Durga Puja with pandals and idol worship. 

Senior Citizen Fixed Deposit: Special Rates and Key Benefits

Planning for retirement often raises a significant question: how can you keep your savings safe while also earning decent returns? For many in India, especially those above 60, senior citizen fixed deposit schemes become a natural choice. These aren’t new, but their reliability and slightly better returns still make them popular.

Let’s look at what makes these FDs different, how the fixed deposit interest senior citizen plans work, and why they’re worth considering.

What Does ‘Senior Citizen’ Mean in FD Terms?

For most banks and financial institutions in India, the senior citizen age for bank FD is 60 years and above. This age cut-off is important because it unlocks access to better interest rates and special schemes that are otherwise not available to younger investors.

Typically, the fixed deposit interest senior citizen rates are increased by around 0.25% to 0.75% over standard FD rates. While the exact percentage varies, this small margin can add up significantly over time, especially for long-term deposits or larger sums.

So, if you’re around this age or have already crossed it, it’s worth exploring how these schemes can help stretch your savings a little further during your retirement years.

What’s Special About Senior Citizen FDs?

While regular fixed deposits serve the general population, senior citizen fixed deposit schemes come with added advantages. The primary one being a slightly higher interest rate.

Here’s a simple comparison:

FeatureRegular FDSenior Citizen FD
Eligible Age18 years and above60 years and above
Interest RatesStandard ratesBank FD rates for senior citizens are slightly higher than regular FDs
Income OptionsCumulative or periodic payoutsSame, with priority on monthly payouts
Loan Against FD FacilityAvailableAvailable
Tax BenefitsBasic deductions applyAdditional deductions via 80TTB

Understanding Fixed Deposit Interest for Senior Citizens

The fixed deposit interest senior citizen options are attractive because they offer a marginal boost in returns. Over longer periods, this can add up to a noticeable difference. For instance, someone investing ₹5 lakh might earn a few thousand rupees more each year simply by being eligible for the senior citizen rate.

If you’re depending on your FD interest for monthly expenses, this added return can be meaningful.

Why Choose a Senior Citizen FD?

Let’s break down the actual benefits, beyond just the numbers:

1. Assured Returns

Once you lock in the FD, your interest doesn’t change. Whether the market rises or falls, your money earns at the agreed rate.

2. Monthly Income Option

If you prefer steady monthly earnings instead of waiting until maturity, you can opt for monthly interest payouts. This is especially helpful if you rely on that income for household expenses.

3. Easy to Open and Manage

Most financial institutions offer both online and offline methods to open an FD. The documentation is usually minimal for senior citizens. Many platforms also allow you to open one digitally without visiting a branch.

4. Loan Without Breaking the FD

Emergencies happen. Instead of breaking your FD, you can get a loan against it. This keeps your deposit intact and still earning interest.

5. Flexible Tenures

You can choose a term that works for you – from a few months to several years. This flexibility allows you to plan your finances around your needs.

How Tax Plays a Role?

When you earn interest on an FD, it’s considered taxable income. However, under Section 80TTB, senior citizens can claim a deduction on this interest up to a specified limit.

Also, by submitting Form 15H, you can request the financial institution not to deduct TDS, provided your total income stays below the tax threshold. This means you get to keep more of your interest in hand, rather than waiting to claim it back later.

Things to Keep in Mind Before Booking a Senior Citizen FD

Before locking in your savings, consider the following:

  • Check Fixed Deposit Rates for Senior Citizens: Don’t just settle for the first offer. Compare what different banks and NBFCs are giving. A slightly better rate can give better returns in the long run.
  • Choose Your Tenure Smartly: Think about when you’ll need the funds. There’s no point locking in your money for 5 years if you’ll need it in 2.
  • Split Your Investment: It’s often better to divide your funds across multiple FDs with different tenures. This gives you liquidity at intervals, instead of waiting for everything to mature at once.
  • Understand Premature Withdrawal Rules: Emergencies may force you to break an FD. Know the penalty charges in advance.
  • Know Your Nomination Options: Always add a nominee. This ensures your family doesn’t have trouble accessing the funds if anything happens.

The Bottom Line 

If you’re planning to open a fixed deposit and want a smoother experience, Fibe offers an easy option. Fixed deposits are a trusted way to build wealth with guaranteed returns. Book your FD today with Fibe, starting with just ₹1,000 and book your FD in minutes!

FAQs

Which is the best FD for senior citizens?

The best one depends on your needs. If monthly income is a priority, go for non-cumulative FDs. If you want a higher maturity value, pick cumulative plans.

Can I open a senior citizen FD online?

Yes, with FIibe, you can apply for an FD online, provided your KYC is updated.

Is the interest from senior citizen FDs tax-free?

Not completely. But deductions under Section 80TTB help lower your tax burden. Submitting Form 15H can also stop banks from deducting TDS.

Can I renew my FD automatically?

Yes, auto-renewal is a common feature. But it’s a good idea to review rates at maturity before letting it renew.

Can two senior citizens open a joint FD?

Yes, they can. In most cases, the primary account holder determines the interest benefits and taxation.

How to Get a Loan Against Your Fixed Deposit?

Many people treat fixed deposits as their go-to savings cushion. It’s a safe place for money to grow without stress. But life has its surprises – a sudden hospital expense, housework that can’t wait, or a shortfall before salary day.

What do you do in moments like these?

Here’s a better idea – borrow against your FD. That way, your savings stay untouched, but you still get the funds you need. This is what’s known as a loan against fixed deposit, and it’s a smart way to handle short-term financial needs without touching your core savings.

We’ll now explore how it works, when it’s useful, and what you should look out for before going ahead.

What is a Loan Against Fixed Deposit?

In simple terms, this loan works by using your FD as a safety net. You don’t have to touch the deposit; instead, you borrow a portion of its value. Since the money is already with the bank or financial company, the process is usually smooth and quick.

Your fixed deposit stays right where it is. Depending on how much it’s worth, the bank or NBFC  (non-banking financial company) gives you access to funds without breaking it.

This type of borrowing is considered secured, which often means a better loan against FD interest rate and minimal paperwork.

How to Apply for a Loan on FD?

If you already have an FD with a bank or financial institution, taking a loan against fixed deposit can be done in a few easy steps:

Step 1: Have an Active FD

The first condition is that your FD should be live and held with the same provider from whom you’re requesting the loan.

Step 2: Raise a Request

You can usually apply online or by visiting a nearby branch. Some apps and platforms offer instant FD-based loans with minimal steps.

Step 3: Get the Loan Amount

After verifying your details, the financial institution decides how much can be offered. The loan amount is based on a portion of your FD’s value – this is known as the loan-to-value (LTV) ratio. In most cases, you can expect to receive a significant percentage of the deposit as the loan, while the remaining part stays secured as a buffer. Once approved, the money is either transferred to your account or made available as an overdraft.

Step 4: Repay Based on Terms

You’ll have to repay the loan within the deposit’s tenure. Some companies offer monthly EMIs, while others allow lump sum repayment closer to the maturity.

Why Many Prefer a Loan Against FD?

Here’s what makes this option appealing:

  • You still earn interest on your FD while using borrowed funds
  • Approval is generally faster due to lower risk
  • No need for guarantors or heavy paperwork
  • Useful for sudden cash requirements without breaking your investment
  • Often comes with lower FD loan interest rate than personal loans

This makes it a practical option for anyone needing short-term money without disturbing their long-term plans.

When Should You Go for It?

A loan on FD suits you best in the following situations:

  • You need quick funds and don’t want to disturb your investment
  • A personal loan seems costly or hard to qualify for
  • Your credit score isn’t ideal, but you do have savings
  • You want to avoid liquidating assets during market downturns

Instead of dipping into your fixed deposit, this route allows you to raise money while keeping your savings intact and growing.

What to Be Cautious About?

While this loan option offers flexibility, it’s good to be aware of a few things:

  • You can’t borrow beyond your FD’s maturity date
  • If repayments are missed, the financial institution has the right to use the FD to recover the dues
  • Some providers may charge fees for early closure or processing
  • You may not get the full FD value as a loan

Read the fine print carefully before agreeing to any terms.

Should You Break Your FD or Take a Loan?

Here’s a quick comparison:

FactorBreaking FDLoan on FD
Interest EarningsLost, along with penaltyContinues to earn till maturity
Funds AvailabilityImmediateImmediate
Long-Term SavingsReducedPreserved
Cost of BorrowingNo borrowing cost, but interest is lostLow interest cost, no interest loss
Credit Score ImpactNot applicableUsually minimal


If your FD has time left or is giving you a decent return, it often makes more sense to borrow against it rather than breaking it.

Final Thoughts

A loan against fixed deposit can act as a helpful bridge when you’re short on funds but want to avoid touching your long-term savings. It offers flexibility, quick access, and peace of mind, especially when time is tight and options are limited.

And if you’re thinking about opening a fixed deposit in the first place, Fibe make it easier than ever. You can now book an FD starting just ₹1,000 through Fibe and you don’t even need to open a bank account. The entire process, right from digital KYC to booking, happens seamlessly. 

Download the app today!

FAQs on Loan Against Fixed Deposit

Can I get a loan against my fixed deposit?

Yes. Most banks and financial companies allow you to borrow against your FD if it’s active and held with them.

Can I borrow money against my fixed deposit?

You can. The process is usually simple, and you’ll be allowed to borrow a portion of your FD’s value, while it continues to earn interest.

Is it better to break FD or take loan against FD?

Unless absolutely necessary, borrowing against your FD is the smarter choice. It lets you meet your needs now while protecting your savings and returns.

Top 5 Myths About Personal Loan Recovery in India

Taking a loan is simple, but missing payments can feel stressful. You often hear stories of recovery agents or people losing property. The truth is different. Loan recovery in India is governed by clear Reserve Bank of India (RBI) rules to protect you. Knowing these rules helps you stay relaxed and handle things with confidence.

Let’s look at the top 5 personal loan myths about recovery and clear up common misconceptions. 

Top 5 Myths About Loan Recovery in India

Myth 1: Loan processing time affects recovery

Many first-time borrowers confuse approval speed with recovery. They believe that if a loan is disbursed quickly, the lender will also act quickly to recover dues.

The fact

The loan processing time is only about how fast your loan is approved and the money reaches your account. It has nothing to do with recovery. Recovery is linked only to repayment behaviour. If you pay EMIs on time there is no recovery at all.

Myth 2: Loan recovery starts after a single missed EMI

Borrowers often panic if they miss a single EMI. They feel the recovery agents might arrive the very next day.

The fact

Banks and NBFCs usually send reminders through SMS, email or calls. Most lenders also provide a grace period. Only if you miss several EMIs does the account move towards default. A loan is tagged as a non-performing asset (NPA) only when dues are over 90 days late. Until then you only get reminders.

Myth 3: Recovery agents can harass borrowers

Many believe recovery agents can threaten or abuse them. This is one of the most repeated myths about personal loans. 

The fact

RBI rules are strict. Recovery agents cannot use abusive language or shame you in front of family or colleagues. They must follow conduct guidelines and usually call only between 7 am and 7 pm. If they break these rules you can complain to the bank or the RBI Ombudsman.

Myth 4: Banks can recover loans without legal process

A common fear is that lenders can take your property directly. This is not true.

The fact

Lenders must follow legal steps. For secured loans like home or car loans they must send formal notices and may act under the SARFAESI Act. For unsecured loans like personal loans, recovery can only happen through civil courts or arbitration. Agents cannot seize assets on their own.

Myth 5: Loan recovery damages your financial future forever

Some think that once you default you will never get another loan.

The fact

A missed EMI can reduce your credit score. But it is not permanent. Once you repay or settle dues your score can improve again. Regular repayments over time rebuild your profile. Lenders often focus on recent repayment history more than older defaults.

Borrower Rights During Loan Recovery

Many people don’t realise that RBI rules give borrowers clear protections. Knowing these rights helps you stay calm and handle recovery calls with confidence.

  • Right to fair treatment: Recovery agents must treat you with dignity. They cannot use threats or abusive language.
  • Right to privacy: They cannot disclose your loan details to neighbours, colleagues or relatives.
  • Right to proper notice: For secured loans, lenders must send a written notice before taking any legal action.
  • Right to complain: If you face harassment you can file a complaint with the bank, NBFC or RBI Ombudsman.
  • Right to repay and settle: You always have the option to repay dues, restructure or negotiate a settlement before any legal steps are taken.

Why Knowing the Truth About Loan Recovery Matters

Loan recovery is often surrounded by half-truths that create fear. This is why borrowers need to know the truth about such personal loan myths:

  • RBI rules protect your rights
  • Recovery starts only after repeated missed EMIs (90 days overdue = NPA) 
  • Recovery agents must follow conduct rules and fair practice timings (7 am-7 pm)
  • Lenders cannot seize assets for unsecured personal loans
  • Only charges mentioned in your agreement can be applied, hidden fees are not allowed
  • Recovery is always the last resort for lenders
  • Credit scores can improve with time and repayment

Loan recovery in India is often misunderstood. When you know the facts, you can borrow confidently, repay on time and never fall for personal loan myths. Most importantly, you stay aware of your rights and the steps lenders must follow. Having said that, if you ever need quick funds, Fibe makes borrowing simple and stress-free!

With Fibe’s Instant Cash Loan, you can get funds within minutes and enjoy repayment flexibility from 6 to 36 months. All with pledging 0 collateral. One simple application is all it takes to get started! So download the Fibe App now, borrow smart and don’t fall for these myths about personal loans!

FAQs on Loan Recovery in India

Can recovery agents harass or threaten borrowers?

No. RBI rules prohibit threats or harassment. You can complain to the bank or the RBI Ombudsman if this happens. 

Can banks or NBFCs recover loans without a court order?

No. For unsecured loans they must use civil courts or arbitration. For secured loans they can act only after notices and legal steps. 

Can recovery agents seize my assets directly?

No. Agents cannot take your property. Only a court process allows seizure in secured loan cases.

Latest IDBI RD Interest Rates: Everything You Need to Know

You don’t always need a big sum to start saving. With a recurring deposit (RD), you can set aside a fixed amount each month. Over time, it grows with guaranteed interest.

IDBI Bank, one of India’s leading public sector banks makes this simple. Their RDs come with flexible tenures, assured returns and benefits for different savers. IDBI also offers two RD options: Systematic Savings Plan (SSP) and Systematic Savings Plan Plus (SSP Plus). This gives you the choice of simple monthly savings or savings with extra features like insurance.

Keep reading to explore the latest IDBI Bank RD rates, the different RD schemes and how you can get started.

About IDBI Bank RD scheme

IDBI Bank offers a wide range of savings products across branches and digital platforms. RDs are among the most popular.

With an IDBI RD, you can:

  • Start with monthly deposits as small as  ₹500 
  • Pick a tenure between 1 year and 10 years
  • Earn fixed interest through the entire term
  • Get higher IDBI recurring deposit interest rates up to 0.50% for senior citizens
  • Take a loan against your RD balance if needed

The IDBI Bank RD rates are the same as fixed deposit (FD) rates for the same tenure. Now IDBI publishes SSP/SSP+ RD rates separately, making it easier to follow.

IDBI Recurring Deposit Interest Rates 2025

Here are the current IDBI recurring deposit interest rates 2025 (deposits below ₹2 crore, w.e.f. 18 July 2025):

TenureGeneral public (p.a.)Senior citizens (p.a.)
1 year to less than 2 years6.55%7.05%
More than 2 years to less than 3 years6.55%7.05%
3 years to less than 5 years6.25%6.75%
More than 5 years to 10 years5.95%6.45%

These rates apply to SSP and SSP Plus and are effective from 18 July 2025. The peak rate is on the 1-3 year slab.

Example of IDBI RD Scheme Earnings

Suppose you deposit ₹5,000 every month in an IDBI RD for 3 years at 6.55%. At maturity, you will get about ₹1.99 lakhs, including interest. This shows how steady contributions can grow into a solid amount over time.

Types of IDBI RD Schemes

IDBI Bank offers two recurring deposit plans. Each is built for different needs.

Systematic Savings Plan (SSP)

  • Start from just ₹500 per month
  • Deposit up to ₹2 crores
  • Tenure ranges from 1 year to 10 years
  • Nomination facility available
  • Premature closure allowed as per bank rules
  • A good choice for goals like education or travel

Systematic Savings Plan Plus (SSP Plus)

  • Begin with ₹5,000, then add in multiples of ₹100
  • Tenure ranges from 3 years to 10 years
  • Comes with complimentary personal accident insurance cover up to ₹5 lakhs
  • Option to take a loan against your RD balance
  • No TDS if you submit Form 15G or 15H and are eligible
  • Premature closure allowed as per bank rules

SSP is ideal if you want to start small. SSP Plus suits savers who want extra safety and insurance along with their deposits.

Benefits of Opening an IDBI RD

Here’s why IDBI RDs are popular:

  • Low entry point makes it easy to begin
  • Wide range of tenures to match your goals
  • Rates stay fixed once booked
  • Loan facility available during emergencies
  • Higher interest for senior citizens
  • No market risk, savings are secure
  • Extra benefit of insurance cover in SSP Plus, giving you more protection with your savings

Things to know before opening an IDBI RD

  • Interest is compounded quarterly and paid on maturity
  • Premature closure is allowed but may come with a 1% penalty
  • TDS applies if the annual interest is above ₹40,000 (₹50,000 for senior citizens)
  • Always check the latest IDBI recurring deposit interest rates before opening an account

How to open an IDBI Bank RD

Opening an RD is simple. You can do it through:

  • IDBI Internet Banking
  • IDBI Mobile App
  • Any IDBI branch

Just choose your instalment amount, pick the tenure and confirm. Your RD starts instantly and can be tracked online. The IDBI recurring deposit interest rates 2025 make RDs a safe way to save regularly. With SSP and SSP Plus, added benefits for seniors and terms up to 10 years, they fit different saving styles.

Looking beyond RDs? Fixed deposits give you the same safety and flexibility in choosing tenure and amount. With Fibe, you can get started with just ₹1,000 and book your FD in minutes! Download the Fibe App now to start your investment journey! 

FAQs on IDBI Bank RD Interest Rates

Are IDBI Bank RD interest rates fixed for the entire tenure?

Yes. The IDBI Bank RD rates stay the same for the entire tenure of your RD.

How is interest on IDBI Bank RD calculated?

It is compounded quarterly and added to your balance. You receive the total amount at maturity.

Can I avail a loan against my IDBI Bank RD?

Yes. You can take a loan against your RD balance. The terms depend on your deposit amount and tenure.

Bank of India RD Interest Rates 2026

For investors who prefer stability over risk, a recurring deposit (RD) is a simple way to build savings with assured returns. You invest a fixed amount every month and your money grows at a guaranteed interest rate. 

Bank of India offers RD schemes starting at just ₹500 per month, with flexible tenures from 6 months to 10 years. As of 2026, interest rates go up to 7.05% for general customers and 7.55% for senior citizens. 

Here’s a snapshot of its major details: 

Feature Details 
Minimum Monthly Deposit ₹500 
Tenure 6 months to 10 years 
Interest Rates (General) Up to 7.05% 
Interest Rates (Senior) Up to 7.55% 
Returns Fixed and guaranteed 
Loan/OD Facility Available against RD 
Special Scheme Star Flexi RD (extra flexible deposits) 

Note: The Bank of India can change interest rates and features and terms at any time because of the banks policies and the financial year that applies. You should check with the Bank of India. Look at its official website for the latest information before you invest. 

The Bank of India has something called a Star Flexi RD. This is where you pay a fixed amount every month. You can add more money to your deposit anytime you want. The Bank of India Star Flexi RD earns interest. The money you put in matures together. This gives you the freedom to do what you want with your money. It also helps you save money in a disciplined way. 

Let us look at the latest interest rates that the Bank of India is offering and the key features of the Bank of India Star Flexi RD, in detail. 

Bank of India RD Interest Rates 2026 

The Bank of India RD interest rates 2026 follow fixed deposit slabs. Here’s a snapshot of the rates for deposits less than ₹2 crores: 

Table Mentioned 

Peak rates often come with special slabs. In this case, the 444-day tenure carries the highest returns of 7.55% for senior citizens. 

Types of Recurring Deposits Offered by Bank of India 

Bank of India offers two kinds of RDs. Both help you save monthly, but they work a little differently: 

  • Recurring Term Deposit: You put in the same fixed amount every month. At the end of the chosen period, you get back your savings with interest. Simple and predictable. 
  • Star Flexi Recurring Deposit: Here, you set a minimum monthly amount, but you can add extra money in the months you have more to spare. This option works well if you get bonuses, variable income or simply want more flexibility in your savings. 

Why Choose Bank of India RD? 

Here’s why many customers opt for the Bank of India RD scheme: 

  • Low entry: Start with just ₹500 per month  
  • Flexible tenure: From 6 months up to 10 years 
  • Assured returns: Fixed rates across the tenure 
  • Loan option: Borrow against your RD balance if required 
  • Extra for seniors: 0.50% boost makes a noticeable difference over time 
  • No market risk: Returns are guaranteed, unlike equity-linked products 


Things to Know Before Opening a Bank of India RD 

  • Bank of India recurring deposit interest rates are compounded quarterly and paid at maturity. 
  • If closed within 3 months, no interest is paid. After that, premature closure may attract a penalty of 1%.  
  • TDS applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Form 15G or 15H can be submitted if eligible. 
  • Some special tenures offer the best rates, worth considering before booking. 

How to Open an RD Account in Bank of India Online? 

You can easily open a Bank of India Recurring Deposit (RD) account online through internet banking or the BOI mobile app in 2026, without visiting a branch. 

  1. Visit BOI Net Banking/App – Open the official Bank of India website or BOI mobile banking app. 
  1. Log in Securely – Enter your user ID, password, and complete OTP authentication. 
  1. Go to Deposits Section – Select ‘Recurring Deposit (RD)’ under the deposits/services menu. 
  1. Enter RD Details – Choose monthly deposit amount, tenure, and linked savings account. 
  1. Set Auto-Debit – Enable automatic monthly deduction from your account. 
  1. Confirm & Submit – Review details and submit the request. 
  1. Instant Confirmation – RD account is created instantly, and you’ll receive confirmation via SMS/email. 

How to Open an RD Account in Bank of India Offline? 

If you prefer in-person assistance, you can open an RD account by visiting a Bank of India branch with basic documents. 

  1. Visit Nearest BOI Branch – Go to your convenient Bank of India branch. 
  1. Collect RD Form – Ask for the Recurring Deposit account opening form. 
  1. Fill Required Details – Enter deposit amount, tenure, nominee details, and account info. 
  1. Submit KYC Documents – Provide ID proof, address proof, and photographs (if not already updated). 
  1. Deposit First Installment – Pay the initial monthly amount via cash/cheque. 
  1. Account Setup – Bank verifies details and opens your RD account. 
  1. Receive RD Passbook/Details – You’ll get account confirmation and deposit schedule. 

How to Calculate RD Interest Rates for Bank of India? 

A Recurring Deposit (RD) means you deposit a fixed amount every month, and the bank gives you interest on it. 
 
Simple Formula: 

You don’t need to remember the full formula. Just understand: 

Interest depends on: 

  • Monthly deposit amount  
  • Time period (in months/years) 

Easy Way to Think About It 

Each monthly deposit earns interest for a different duration: 

  • First month’s money earns interest for full time  
  • Last month’s money earns interest for only 1 month  

That’s why banks calculate RD interest using a slightly different method than FD. 

Let’s say: 

  • You deposit ₹1,000 every month  
  • Interest rate = 7% per year  
  • Time = 12 months  

Step-by-step idea: 

  1. Total deposit = ₹1,000 × 12 = ₹12,000  
  1. Bank calculates interest on each month’s deposit  
  1. You earn approx ₹455–₹500 interest  

Final amount: ₹12,000 + ₹480 (approx. interest) = ₹12,480 

Bank of India RD Account Eligibility Criteria 

  • Individuals (both residents and non-residents, as per bank norms)  
  • Minors (with a parent or legal guardian)  
  • Sole proprietors  
  • Partnership firms  
  • Limited companies  
  • Hindu Undivided Families (HUFs)  
  • Trusts, societies, clubs, and associations  
  • Government bodies or organizations (subject to bank approval) 

Documents Required for Bank of India RD Account 

  • Duly filled Recurring Deposit (RD) account opening form  
  • Proof of Identity (KYC documents) such as:  
  • PAN Card  
  • Passport  
  • Voter ID  
  • Driving License  
  • Proof of Address (if not included in ID proof):  
  • Aadhaar Card  
  • Utility bills (electricity, water, etc.)  
  • Passport  
  • Rent agreement  
  • Recent passport-sized photographs  
  • PAN Card (mandatory or Form 60 if PAN is not available)  
  • Bank account details (if linking RD with an existing BOI savings account) 

 
Want another easy way to grow your money? Fixed deposits is a trusted way to build wealth with guaranteed returns. And with Fibe, you can start with just ₹1,000 and book your FD in minutes! 

FAQs on Bank of India RD Interest Rates 2026 

Is there a penalty for missing an RD instalment in the Bank of India? 

Yes. Bank of India charges a penalty if you miss an RD instalment. For RDs with a tenure of up to 5 years, the penalty is ₹1.50 per ₹100 per month of delay. For tenures above 5 years, the penalty is ₹2 per ₹100 per month.  

What happens if I close my Bank of India RD account before maturity? 

If closed within 3 months, you earn no interest. After that, premature closure rules apply and a penalty may be deducted from the applicable rate. 

Can I take a loan against my RD with Bank of India? 

Yes. You can take a loan or overdraft against your RD balance. This option is available across schemes, including Star Flexi RD. 

How often is interest paid out for BOI RD? 

Interest for a Bank of India (BOI) Recurring Deposit is compounded quarterly and paid at maturity, along with the principal. 

Latest Union Bank RD Interest Rates: Everything You Need to Know

Saving regularly is one of the easiest ways to build wealth. Recurring deposits (RDs) let you do this with small monthly instalments while earning fixed returns. Union Bank of India offers RDs with multiple tenures, guaranteed interest and senior citizen benefits. 

The Union Bank RD interest rates 2025 align with FD slabs, ranging up to 7.30 percent for general customers and up to 7.80 percent for seniors. Read on to explore the latest rates, benefits and features of a Union Bank RD.

About Union Bank of India

Union Bank of India is one of the largest public sector banks in the country. It has a strong branch network and digital banking platforms. Among its wide range of deposit products, recurring deposits remain popular because they help customers build savings in a disciplined way.

With a Union Bank RD, you can start with a small deposit as low as ₹50 on the Cumulative Deposit scheme and ₹100 on the Monthly Plus scheme. Just choose a tenure that suits your goals to earn assured returns linked to the Union Bank of India RD interest rate of that tenure. The bank also offers loan and overdraft facilities against the balance in your RD.

Union Bank RD Interest Rates 2025

Union Bank does not publish a separate RD card. RDs earn the same rate as Fixed Deposits of the same tenor. Below are the Union Bank recurring deposit interest rates for deposits under ₹3 crores, based on the FD slab, effective 2025.

PeriodGeneral Public (p.a.)Senior Citizens (p.a.)
7 to 45 days3.50%4.00%
46 to 90 days4.50%5.00%
121 to 180 days5.00%5.50%
181 to 332 days6.35%6.85%
333 days7.00%7.50%
1 year6.80%7.30%
399 days7.00%7.50%
456 days7.30%7.80%
997 days6.40%6.90%
3 years6.70%7.20%
3 years to 5 years6.50%7.00%
More than 5 years to 10 years6.50%7.00%

Union Bank RD for Senior Citizens

Union Bank of India RD interest rate for senior citizens are always higher than regular rates. For example, a 1-year RD earns 6.80 percent for general customers and 7.30 percent for seniors. That extra 0.5 percent may look small. But over 3 to 5 years it can add up to a noticeable difference in returns.

Union Bank RD for NRI Customers

Union Bank also offers RDs for Non-Resident Indians (NRE and NRO). These deposits follow the NRE/NRO FD slab rates for the chosen tenure, making it a safe way for NRIs to build savings in India. It’s best to always check the latest NRE/NRO RD rates before investing.

Benefits of Opening a Union Bank RD

  • Easy to start: Begin with small monthly instalments from as low as ₹50
  • Flexible tenure: Choose between 7 days and 10 years
  • Assured returns: Interest rates remain fixed through the tenure
  • Loan facility: Take a loan or overdraft against your RD balance if needed
  • Senior citizen benefit: Higher rates up to 0.5% p.a. for customers above 60 years
  • No market risk: Safe savings without exposure to market volatility

Example of RD Earnings

Suppose you deposit ₹5,000 every month in a Union Bank RD for 3 years at 6.70 percent. At maturity, you will receive around ₹2 lakh including interest. This shows how small monthly deposits can grow into a good amount over time.

What to Remember Before Opening a Union Bank RD

  • Interest is compounded quarterly and paid on maturity
  • Premature closure rules vary by scheme. On most RDs, you may get lower interest and pay a 1 percent penalty. Some Union Bank schemes report no penalty for delayed instalments. Always review the T&Cs before booking
  • TDS is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G or 15H if eligible
  • Always check the latest Union Bank recurring deposit interest rates before booking

How to Open a Union Bank RD

You can open an Union Bank RD easily through:

  • Union Bank internet banking
  • Union Bank Vyom mobile app
  • Visiting your nearest Union Bank branch

Go to the ‘Deposits’ section, choose ‘Recurring Deposit’, select your tenure and instalment. Once you confirm, your RD will start right away and you can easily track it online.

Union Bank recurring deposits are a safe way to build savings while earning assured returns. With competitive rates, senior citizen benefits and NRI options, they cater to a wide range of savers.

And if you want another safe way to grow your money, a fixed deposit can be an excellent choice. With Fibe, you can start with as little as ₹1,000 and book your FD in just a few clicks! Download the Fibe App now to get started! 

FAQs on Union Bank RD Interest Rates

Can I take a loan against my RD in Union Bank?

Yes. Union Bank allows loans and overdrafts against your RD balance. The terms depend on the scheme you choose.

Are Union Bank RD interest rates different for NRI customers?

Yes, they are. Union Bank allows NRIs to open RDs under NRE and NRO accounts. These follow the same slab rates as NRE and NRO fixed deposits for the chosen tenure.

What is the tenure range available for Union Bank recurring deposits?

Union Bank RDs can start from just 7 days and go up to 10 years. The bank also offers special slabs in between that give slightly higher rates for select periods.

Latest Federal Bank RD Interest Rates: Everything You Need to Know

Recurring deposits (RDs) are one of the safest ways to grow your money steadily. With small monthly instalments, you build savings without locking a big amount upfront. Federal Bank, through its Federal Savings Fund scheme, offers RDs with assured returns and flexible tenures of up to 10 years.

The Federal Bank RD interest rates effective 18 August 2025 go as high as 6.70 percent for select tenures. Senior citizens also earn an extra 0.50 percent, making RDs a reliable choice for retirement income.

Read on to explore the Federal Bank recurring deposit interest rates 2025, how they vary for regular customers and senior citizens and the key benefits of opening an RD with the bank.

About Federal Bank

Federal Bank, headquartered in Aluva Kerala is one of India’s largest private sector commercial banks. It operates across retail banking, wholesale banking, treasury operations and other services. Among its wide range of products, recurring deposits remain a popular choice for those who prefer safe and disciplined savings.

With Federal Bank RD you can start with a small deposit, choose a tenure between 7 days and 10 years and earn assured interest. The bank also allows loans against your RD balance, adding liquidity to your savings.

Federal Bank RD Interest Rates 2025

RDs at Federal Bank earn the same rate as Resident Term Deposits of the chosen tenure. Rates below are effective 18 August 2025 and apply to the Federal Savings Fund scheme.

TenureGeneral Public (p.a.)Senior Citizens (p.a.)
7 days to 29 days3.00%3.50%
30 days to 45 days3.25%3.75%
46 days to 90 days4.25%4.75%
91 days to 180 days4.50%5.00%
181 days6.00%6.50%
182 days to 270 days5.75%6.25%
271 days to less than 1 year6.00%6.50%
1 year6.40%6.90%
Above 1 year to 749 days6.50%7.00%
750 days6.60%7.10%
751 days to 998 days6.50%7.00%
999 days6.70%7.20%
1000 days to 10 years6.50%7.00%

These Federal Bank recurring deposit interest rates 2025 apply to domestic residents and are ideal for those seeking predictable returns.

Federal Bank RD Interest Rates for Senior Citizens

Senior citizens earn an additional 0.50 percent on most slabs. For example, at 6.50 percent, senior citizens earn 7.00 percent. And at 6.70 percent, they earn 7.20 percent. The Federal Bank RD interest rates for senior citizens are designed to support financial independence.

Federal Bank RD Interest Rates for NRE Accounts

Federal Bank allows Non-Resident External (NRE) customers to open RDs through its Fed Flexi Smart SaverRD scheme. NRE RDs earn the same rate as NRE Term Deposits for the chosen tenure. This ensures NRIs can grow their savings securely while keeping funds transferable.

Types of Federal Bank RD Accounts

Federal Bank offers flexible RD tenures that you can classify into three categories:

  • Short-term RDs: From 6 months to less than 1 year, with lower interest rates but high liquidity
  • Medium-term RDs: From 1 year to 3 years, with higher interest returns for residents and senior citizens
  • Long-term RDs: From 3 years up to 10 years, suitable for long-term savings goals

Benefits of a Federal Bank RD

  • Low entry amount: Start with just ₹50
  • No maximum limit: Deposit as much as you want
  • Disciplined savings: Build a regular saving habit
  • Loan facility: Avail loans against RD balance if needed
  • Senior citizen benefit: Earn higher returns above age 60
  • Liquidity: Premature closure is allowed with penalty
  • No market risk: Returns are guaranteed throughout the tenure

Example of RD Earnings

Suppose you invest ₹5,000 every month in a Federal Bank RD for 3 years at 6.50 percent. At maturity, you will receive around ₹1.99 lakhs including interest. This example shows how small monthly deposits, when left undisturbed, can grow into a sizeable sum.

What to Remember Before Opening a Federal Bank RD

  • Interest is compounded quarterly and paid on maturity
  • Premature closure attracts a penalty of 1 percent on the applicable rate if held beyond 15 days. No interest is paid if closed within 15 days
  • TDS is deducted if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G or 15H if eligible
  • Rates are subject to revision depending on RBI policy changes. Always check the ‘Rates effective date’

How to Open a Federal Bank RD

You can open an RD quickly through:

  • FedMobile app
  • FedNet internet banking
  • Feddy, the AI-powered virtual assistant
  • Nearest Federal Bank branch

All you have to do is choose the tenure, set the monthly instalment and confirm. Your RD starts immediately. Federal Bank recurring deposits are a simple and safe way to build wealth over time. With competitive rates, special benefits for senior citizens and NRE options, they suit a wide range of savers.

And if you want another safe way to grow your money, Fibe has you covered. With Fibe, you can start with as little as ₹1,000 and book your FD in just a few clicks!

FAQs on Federal Bank RD Interest Rates

Is there a penalty for late or missed RD instalment in Federal Bank?

Yes, a penalty applies if you miss or delay consecutive instalments. This reduces your maturity value.

Is tax deducted at source (TDS) on RD interest in Federal Bank?

Yes, if your annual interest income crosses the exemption limit. Senior citizens enjoy a higher exemption. Form 15G or 15H can be submitted if eligible.

How often does Federal Bank revise its RD interest rates?

Federal Bank updates deposit rates periodically, usually after RBI policy changes. You should always check the live rate page before booking.