The recurring deposit interest rates is one of the important factors while going for a recurring deposit account. Hence, it is advisable to always scrutinize the interest rates offered by the banks meticulously. Moreover, a recurring deposit scheme inculcates a regular habit of saving among regular-income people. Customers should also check for the banks that levy a low withdrawal penalty in case of premature withdrawal and also a high rate of interest to make sure that your investment is getting you a handsome amount of money.