RD , back with a bang?

With much talk going around SIPs and FDs , RD ( Recurring deposits ) seemed to have lost its sheen.

With ICICI announcing 9.5% interest rates on RDs for a five year tenure, I think RDs are now again back with a bang.

Five year tenure with a decent interest rate like 9.5% can definitely do a lot of good to your money.

Hope many other banks will follow with such announcements soon.

note :- with ICICI committing for 9.5% for a time frame of five years,I think the high interest rate tenure is here to continue for a while now. Another important factor is that TDS (tax deduction at source) is not applicable for RDs as of now.
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