• Recurring Deposit
  • Capital Small Finance Bank RD Interest Rates
Capital Small Finance Bank RD Interest Rates

Capital Small Finance Bank RD Interest Rates

small finance

Capital Small Finance Bank RD Interest Rates July 2024

TenureNormal Citizen RD RateSenior Citizen RD Rate
3 Months to 6 Months4.75%5.25%
6 Months to 9 Months5.50%6.00%
9 Months to 1 Year5.50%6.00%
1 year to 2 Years7.15%7.65%
2 years to 3 Years7.15%7.65%
3 Years to 5 Years7.15%7.65%
5 Years to 10 Years7.10%7.60%

Note: All interest rates shown above are as on 1st November 2023

Capital Small Finance Bank RD Scheme Details

Tenure
3 Months to 10 Years
Public Interest Rates
4.75% to 7.15%
Senior Citizen Interest Rates
5.25% to 7.65%
Minimum Deposit Amount
Rs. 1000
Premature Withdrawal
1% of deposit
Highest Rates for Public
7.15%
Highest Rates for Senior Citizen
7.65%

Capital Small Finance Bank Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 7.15%For 5 years with interest of 7.10%
₹ 50,0001,51,7842,54,446
₹ 1 lakh3,03,5685,08,893
₹ 2 lakh6,07,13610,17,785
₹ 5 lakh15,17,84025,44,463
₹ 10 lakh30,35,68050,88,925

Compare Capital Small Finance Bank vs Punjab National Bank Recurring Deposit

vs
Punjab National Bank
Capital Small Finance Bank
Capital Small Finance Bank
Maturity Amount3,03,5683,02,621
Total Investment Amount3,00,0003,00,000
Total Interest Gained3,5682,621

Compare RD Interest Rates of Other Banks

Bank NameRD Interest Rates
Punjab National Bank
Punjab National Bank
4.40% to 6.50%
City Union Bank
City Union Bank
5.75% to 6.50%
BOI Bank
BOI Bank
4.50% to 6.50%
Canara Bank
Canara Bank
5.25% to 6.90%
Indian Bank
Indian Bank
3.50% to 6.70%
BOB Bank
BOB Bank
4.50% to 7.05%
Central Bank of India
Central Bank of India
4.50% to 6.75%
Karur Vysya Bank
Karur Vysya Bank
6.00% to 7.00%
Union Bank of India
Union Bank of India
4.30% to 6.70%
Tamilnad Mercantile Bank
Tamilnad Mercantile Bank
5.75% to 7.00%
Karnataka Bank
Karnataka Bank
5.25% to 7.00%
Dhanlaxmi Bank
Dhanlaxmi Bank
6.50% to 6.75%
South Indian Bank
South Indian Bank
4.50% to 6.50%
Federal Bank
Federal Bank
5.00% to 7.30%
Bank of Maharashtra
Bank of Maharashtra
4.50% to 6.00%
Indian Overseas Bank
Indian Overseas Bank
4.50% to 6.80%
UCO Bank
UCO Bank
4.50% to 6.50%
RBL Bank
RBL Bank
4.75% to 7.50%
State Bank of India
State Bank of India
4.50% to 7.00%
IDBI Bank
IDBI Bank
4.50% to 6.80%
Axis Bank
Axis Bank
4.75% to 7.10%
HDFC Bank
HDFC Bank
4.50% to 7.10%
ICICI Bank
ICICI Bank
4.75% to 7.00%
Indusind Bank
Indusind Bank
4.75% to 7.50%
Kotak Mahindra Bank
Kotak Mahindra Bank
4.00% to 7.10%
Yes Bank
Yes Bank
5.00% to 7.75%
Bandhan Bank
Bandhan Bank
4.50% to 7.25%
IDFC First Bank
IDFC First Bank
5.00% to 7.50%
Equitas Small Finance Bank
Equitas Small Finance Bank
7.25% to 8.20%
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank
4.75% to 7.50%
Fincare Small Finance Bank
Fincare Small Finance Bank
5.75% to 8.25%
ESAF Small Finance Bank
ESAF Small Finance Bank
5.25% to 8.50%
North East Small Finance Bank
North East Small Finance Bank
4.00% to 7.50%
Suryoday Small Finance Bank
Suryoday Small Finance Bank
5.00% to 8.50%
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank
6.50% to 8.00%
Jana Small Finance Bank
Jana Small Finance Bank
4.00% to 8.50%
DBS Bank
DBS Bank
3.00% to 7.50%
Post Office
Post Office
6.90% to 7.50%

Frequently Asked Questions

What is the current interest rate of RD in Capital Small Finance Bank?

The current highest Capital Small Finance Bank RD rates for general citizen range from 4.75% to 7.15% and for senior citizen it ranges from 5.25% to 7.65% today 2024-07-21

How to open rd account in Capital Small Finance Bank?

Capital Small Finance Bank RD account can be opened with a minimum deposit of Rs. 1000 with tenure ranging 3 Months to 10 Years. Capital Small Finance Bank recurring deposit account can be opened online or by visiting Capital Small Finance Bank branches with any ID proof like PAN card, Aadhar card, voter ID, or driving licence etc.

How to close rd in Capital Small Finance Bank?

You can close your RD a/c online through "Close A/c" tab or by visiting the branch, this may cost you a penalty. The current premature closer penalty in Capital Small Finance Bank RD is 1% of deposit.

How to calculate maturity and interest in Capital Small Finance Bank recurring deposit ?

The maturity amount in Capital Small Finance Bank recurring deposit account can be calculated by using A = P x(1 + R / N) ^ (NT) formula.
Where:
A: Maturity Amount
P: Recurring Deposit Amount
N: Number of times the interest is compounded
R: annual interest rate
T: Tenure
Example:
If you open recurring deposit account at the Capital Small Finance Bank for 5 years and planed to invest INR 50,000.The current Capital Small Finance Bank RD interest rate for 5 year is 7.10%.So using the above formula the maturity amount will be - Rs. 36,06,149.

What is Capital Small Finance Bank RD interest rates for 1 year in 2024 ?

The Capital Small Finance Bank recurring deposit for 12 months or 1 year is - for senior citizen and - for others.

Calculate Capital Small Finance Bank Returns

36
3.2 %

1,00,000

Total Investment

0

Wealth Gained

0

Maturity Amount

Invest in SIP to earn ₹37,83,253 moreExplore Best SIP Plans

About Capital Small Finance Bank Recurring Deposit(RD)

On April 24, 2016, Capital Small Finance Bank Limited, previously Capital Local Area Bank, commenced operations as India’s first small finance bank. The Bank pioneered modern banking facilities for rural areas at low cost.

Recurring deposits with Capital Small Finance Bank will help you make monthly instalments to save money. Interest compounded quarterly is applied. 

Capital Small Finance Bank RD Features

  • You can start an account for a short period of 12 months or as many as 120 months.
  • There is a facility for nominations.
  • A passbook is provided to the client.
  • For senior citizens, an extra 0.50% interest is given and applicable in all schemes.
  • No tax deduction at source will be there if proper forms like 15G/ 15H are submitted promptly, and this feature is applicable in every scheme.

Capital Small Finance Bank RD Account Eligibility and Documents Required

The following people are eligible to open an RD with Capital Small Finance Bank:

  • Any Individual or Group of Individuals,
  • Firm,
  • Corporates or Club etc

The following are the documents required to open an RD with Capital Small Finance Bank:

  • Identity Proof of the applicant
  • Address Proof of the applicant- For address proof, the following documents are required: – Passport, Passport size Photograph, Telephone bill, Electricity bill, Bank Statement with Cheque, and Certificate/ ID card issued by the Post office.

Capital Small Finance Bank RD Schemes

1) Cumulative Deposits

This deposit provides quarterly compound interest to you. This deposit has a minimum duration of 12 months and a maximum duration of 120 months for opening. There is a facility for nominations. Available for loans or overdrafts up to 92.5% of the deposit plus accumulated interest. There is no TDS deduction if the relevant form (15H/15G) is provided.

2) Short-term deposit scheme

This deposit provides you with simple Interest rates. It has a minimum duration of 15 days and a maximum of 364 days. This scheme offers high liquidity with good returns. A nomination facility is available in this scheme. A loan or overdraft facility is available for up to 92.5% of the deposit amount. For non-fund-based facilities, this scheme can be used as margin money.

3) Quarterly Interest Deposit scheme

There is an option for quarterly interest payout. This deposit has a minimum duration of 12 months and a maximum duration of 120 months for opening. A nomination facility is available. As per the prevailing rules, there can be premature withdrawal before maturity. A loan or overdraft facility is offered up to 92.5% of the amount deposited.

4) Monthly Interest deposit scheme

There is an option for quarterly interest payout. This deposit has a minimum duration of 12 months and a maximum duration of 120 months for opening. With MIDS, you can take out up to 92.5% of the money that you deposited. It assures you that your money is in safe hands and gives you the comfort of liquidity. A loan or advance facility is offered up to 92.5% of the amount deposited. The interest payment is liable to Tax Deducted at Source (TDS).

Conclusion

The Bank has experienced exponential growth in all areas due to the conversion to a Small Finance Bank, eliminating the geographical restrictions on expansion. With a recurring deposit, your credit balance increases as the interest income rises. You, therefore, receive higher interest with a longer term. One-off payment: At the end of the term, a lump-sum payment of the maturity value is made.