Chartered India's competitive savings rate for RFC, Recurring Deposit, NRO, Effective 4th Jan '21, Rate of Interest for Savings Bank Deposit Accounts will be. FD rate of interest refer to the bank interest rates to be availed on a fixed deposit scheme. Fixed Deposit Interest Rates in India - Important Terms Clubbing of Interest Income - Interest earned from FD or RD is clubbed across all bank. 1. Recurring Deposit Interest Rates of Bank of India · 1 year up to 1 year days · 2 years up to 2 years days · 3 years up to 4. In such case, accumulated principle and accrued interest, if applicable, will be credited to savings account mentioned in the AOF. Penalty Details know More. Recurring Deposit Account will be closed upon payment of all the stipulated number of instalments. For Reinvestment Term Deposit, Interest is compounded on a quarterly basis. An Account may be opened by one Depositor or two or more Depositors jointly. Related Topics.