Best Bank for RD and Auto Sweep

[SanthoshSomu]

Can any one suggest best private bank for RD with high interest rate and Auto sweep without hidden charges and penalties?

 

[arjungoyal12]

SBI bank might be a great option for opening RD. But why don't you try mutual funds?

 

[marutiibiradar]

For auto sweep kotak mahindra bank is best option.
Kotak Mahindra Banks active money provides 7 % roi balance above 25000 rs
But for FDs and RDs kotak mahindra bank is not good.
And for FDs IndusInd bank provides 7.99 roi

 

[Maitri Maniya]

this is what i found for kotak activmoney. i'm planned to activate it today. but now i'm confused
**While there is nil penalty on premature withdrawal as contracted tenor of FD is 180 days, very early premature withdrawal like 45 days or before at times may result in interest earnings on FD lower than savings bank account interest"