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  • Recurring Deposit Interest Rates

    If you want to invest a small amount of your income every month in a scheme which will give you returns similar to that of fixed deposits, then you should deposit money in a recurring deposit scheme. Recurring deposit is a type of Term deposit that is offered by many banks in India at attractive rates of Interest. There is a minimum amount that has to be deposited every month for a fixed period of time. Most banks allow depositors to invest money for a minimum of 6 months in their recurring deposit accounts.

    List of Banks Providing Recurring Deposit in India

    The following table has a list of the banks that provide recurring deposit in India.

    Union Bank of India

    Andhra Bank

    United Bank of India

    Allahabad Bank

    Yes Bank

    Axis Bank

    Vijaya Bank

    Bank of Baroda

    State Bank of Hyderabad

    Bank of India

    OBC Bank

    Bank of Maharashtra

    IDBI Bank

    Canara Bank

    Kotak Mahindra Bank

    Central Bank of India

    Karnataka Bank

    Corporation Bank

    South Indian Bank

    Citibank

    Indian Overseas Bank

    Dena Bank

    State Bank of Bikaner and Jaipur

    Deutsche Bank

    Dhanlaxmi Bank

    HDFC Bank

    Federal Bank

    ICICI Bank

    Syndicate Bank

    IndusInd Bank

    India Post

    Indian Bank

    Lakshmi Vilas Bank

    Tamilnad Mercantile Bank

    DBS Bank

    J & K bank

    Bharatiya Mahila Bank

    Karur Vyasya Bank

    State Bank of Patiala

    Punjab National Bank

    Saraswat Bank

    State Bank of India

    Punjab & Sind Bank

    State Bank of Mysore

    Nainital Bank

    State Bank of Travancore

    DHFL

    Recurring Deposit Interest Rates of All Banks

    The rates of interest on recurring deposits is not the same for all the banks. The following rates of interest are offered by banks in India on their recurring deposit schemes -

    Andhra Bank Recurring Deposit Interest Rates

    Tenure

    Interest Rates for Deposits below Rs.1 crore

    Domestic Rates (Per Annum)

    Senior Citizen

    NRE Rates (Per Annum)

    Six months

    7 %

    0.5 percent more than the normal rates

    N.A.

    Nine months

    7.25 %

    N.A.

    One year to 2 years

    7.75 %

    7.75 %

    Over 2 years up to 3 years

    7.75 %

    7.75 %

    Over 3 years up to 10 years

    7.75 %

    7.75 %

    Tenure

    Interest Rates for Deposits between Rs.1 crore and Rs.10 crore

    Domestic Rates (Per Annum)

    Senior Citizen

    NRE Rates (Per Annum)

    Six months

    7 %

    0.5 percent more than the normal rates

    N.A.

    Nine months

    7.25 %

    N.A.

    One year to 2 years

    7.25 %

    7.25 %

    Over 2 years up to 3 years

    7.25 %

    7.25 %

    Over 3 years up to 10 years

    7.25 %

    7.25 %

    Allahabad Bank Recurring Deposit Interest Rates

    The interest rates for Allahabad Bank Normal RD Account ranges between 6 % and 15 % for a period between 3 and 24 months. This interest is compounded quarterly.

    Axis Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates for below Rs.5 crore

    Domestic Rates (Per Annum)

    Senior Citizen (Per Annum)

    1 year to below 2 years

    7.9 %

    8.4 %

    2 years to 3 years

    7.75 %

    8.25 %

    3 years to 5 years

    7.75 %

    8.25 %

    5 years to 10 years

    7.5 %

    8 %

    Bank of Baroda Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates for below Rs.1 crore

    Domestic Rates (Per Annum)

    6 months

    6.5 %

    Over 6 months up to 9 months

    7.3 %

    Over 9 months to below 1 year

    7.3 %

    1 year to 2 years

    7.3 %

    Over 2 years up to 3 years

    7.3 %

    Over 3 years up to 5 years

    7.3 %

    Over 5 years up to 10 years

    7.3 %

    Tenure

    Recurring Deposit Interest Rates between Rs.1 crore and Rs.10 crores

    Domestic Rates (Per Annum)

    6 months

    6.25 %

    Over 6 months up to 9 months

    6.4 %

    Over 9 months to below 1 year

    6.6 %

    1 year

    6.75 %

    Over 1 year up to 2 years

    6.75 %

    Over 2 years up to 3 years

    6.75 %

    Over 3 years up to 10 years

    6.75 %

    Bank of India Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates for below Rs.1 crore

    Domestic Rates (Per Annum)

    6 months

    7.25 %

    9 months to below 1 year

    7.3 %

    1 year to below 2 years

    7.3 %

    2 years to below 3 years

    7.3 %

    3 years to below 5 years

    7.3 %

    5 years to below 8 years

    7.25 %

    8 years to 10 years

    7.25 %

    Tenure

    Recurring Deposit Interest Rates for Rs.1 crore to below Rs.10 crores

    Domestic Rates (Per Annum)

    6 months

    7 %

    9 months to below 1 year

    7 %

    1 year to below 2 years

    7 %

    2 years to below 3 years

    7 %

    3 years to below 5 years

    7 %

    5 years to below 8 years

    7 %

    8 years to 10 years

    7 %

    Tenure

    Recurring Deposit Interest Rates for Rs.10 crore and above

    Domestic Rates (Per Annum)

    6 months

    6.5 %

    9 months to below 363 days

    6.75 %

    364 days to 1 year 1 month

    6.9 %

    Over 1 year 1 month to below 2 years

    6.75 %

    2 years to below 3 years

    6.75 %

    3 years to below 5 years

    6.75 %

    5 years to below 8 years

    6.75 %

    8 years to 10 years

    6.75 %

    Tenure

    NRE Recurring Deposit Interest Rates

    For deposits below Rs.1 crore (Per Annum)

    For deposits of Rs.1 crore to below Rs.10 crore (Per Annum)

    Over 1 year to below 2 years

    7.3 %

    7 %

    2 years to below 3 years

    7.3 %

    7 %

    3 years to below 5 years

    7.3 %

    7 %

    5 years to 10 years

    7.25 %

    7 %

    Bank of Maharashtra Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates

    For deposits below Rs.1 crore (Per Annum)

    For deposits of Rs.1 crore to below Rs.10 crore (Per Annum)

    6 months

    6.75 %

    6.75 %

    Over 6 months up to 9 months

    7 %

    7 %

    Over 9 months up to 364 days

    7.25 %

    7 %

    1 year

    7.75 %

    7.25%

    Over 1 year up to 443 days

    7.75 %

    7 %

    444 Days or Mahanidhi

    7.76 %

    7 % or N.A.

    445 days to 665 days

    7.75 %

    7 %

    666 days or Mahalabh

    7.77 %

    7 % or N.A.

    667 days to below 2 years

    7.75 %

    7 %

    2 years to below 3 years

    7.5 %

    7 %

    3 years or Mahalaxmi

    7.5 %

    7 % or N.A.

    Over 3 years up to 5 years

    7.5 %

    7 %

    Over 5 years up to 10 years

    7.25 %

    7 %

    Tenure

    Interest Rates for Mahamillionaire Recurring Deposit Scheme

    Domestic Rates (Per Annum)

    Senior Citizen (Per Annum)

    1 year to 10 years

    8.25 %

    8.75 %

    Tenure

    Interest Rates for Mahalakhpati Recurring Deposit Scheme

    Domestic Rates (Per Annum)

    Senior Citizen (Per Annum)

    1 year to 10 years

    8.25 %

    8.75 %

    Interest Rates for Mahasanchay Systematic Deposit Plan

    The interest rates on retail term deposits are applicable here

    Canara Bank Recurring Deposit Interest Rate

    Tenure

    Recurring Deposit Interest Rates for deposits below Rs.1 crore

    General Public (Per Annum)

    Senior Citizen (Per Annum)

    6 months

    7.5 %

    8 %

    9 months to below 1 year

    7.75 %

    8.25 %

    1 year

    7.75 %

    8.25 %

    Over 1 year to below 2 years

    7.75 %

    8.25 %

    2 years to below 3 years

    7.75 %

    8.25 %

    3 years to below 5 years

    7.75 %

    8.25 %

    5 years to below 8 years

    7.5 %

    8 %

    8 years to 10 years

    7.5 %

    8 %

    5 years to below 8 years

    7.5 %

    8 %

    8 years to 10 years

    7.5 %

    8 %

    Tenure

    NRE Recurring Deposit Interest Rates

    For deposits below Rs.1 crore (Per Annum)

    For deposits of Rs.1 crore and above(Per Annum)

    1 year

    7.75 %

    7 %

    Over 1 year to below 2 years

    7.75 %

    7 %

    2 years to below 3 years

    7.75 %

    7 %

    3 years to below 4 years

    7.75 %

    7 %

    4 years to below 5 years

    7.75 %

    7 %

    5 years to below 6 years

    7.5 %

    7 %

    6 years to below 7 years

    7.5 %

    7 %

    7 years to below 8 years

    7.5 %

    7 %

    8 years to below 9 years

    7.5 %

    7 %

    9 years to below 10 years

    7.5 %

    7 %

    10 years

    7.5 %

    7 %

    Central Bank of India Recurring Deposit Interest Rates

    Tenure

    Cent Lakhpati Interest Rates

    1 year

    7.75 %

    2 years

    7.75 %

    3 years

    7.50 %

    4 years

    7.50 %

    5 years

    7.50 %

    6 years

    7.50 %

    7 years

    7.50 %

    8 years

    7.50 %

    9 years

    7.50 %

    10 years

    7.50 %

    Tenure

    Cent Millionaire Interest Rates

    10 years

    7.50 %

    Tenure

    CENT Swa-ShaktiI Flexi RDS Interest Rates

    For deposits below Rs.1 crore (Per Annum)

    Senior Citizen(Per Annum)

    6 months to 9 months

    7.25 %

    Senior Citizens will receive 0.5 percent more than the normal rates

    Over 9 months to below 1 year

    7.5 %

    1 year to below 2 years

    7.75 %

    2 years to below 3 years

    7.75 %

    3 years to below 5 years

    7.5 %

    5 years to 10 years

    7.5 %

    Tenure

    NRE Recurring Deposit Interest Rates

    For deposits below Rs.1 crore (Per Annum)

    1 year to below 2 years

    7.75 %

    2 years to below 3 years

    7.75 %

    3 years to below 5 years

    7.50 %

    5 years to 10 years

    7.50 %

    Corporation Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates

    Domestic

    Senior Citizens

    NRE

    For deposits below Rs.1 crore

    For deposits below Rs.1 crore

    For deposits below Rs.1 crore

    For deposits above Rs.1 crore

    1 year

    7.25 %

    7.75 %

    7.25 %

    7.25 %

    Over 1 year to below 2 years

    7.25 %

    7.75 %

    7.25 %

    7.25 %

    2 years and more

    7.25 %

    7.75 %

    7.25 %

    7.25 %

    Citibank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest rate for deposits below Rs.1 crore(Per Annum)

    365 Days to 400 Days

    7 %

    401 Days to 540 Days

    7 %

    541 Days to 731 Days

    7.25 %

    Dena Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    For deposits below Rs.1 crore

    For deposits of Rs.1 crore to Rs.5 crore

    For deposits of Rs.5 crore and above

    6 months to 9 months

    7 %

    6.75 %

    6.75 %

    Over 9 months to below 1 year

    7.5 %

    6.75 %

    6.75 %

    1 year

    7.5 %

    6.75 %

    6.75 %

    Over 1 year to below 2 years

    7.5 %

    6.75 %

    6.75 %

    2 years to below 3 years

    7.5 %

    6.75 %

    6.75 %

    3 years to below 5 years

    7.5 %

    6.5 %

    6.5 %

    5 years to below 8 years

    7.35 %

    6.35 %

    6.35 %

    8 years to 10 years

    7.35 %

    6.35 %

    6.35 %

    Deutsche Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    1 year

    6.75 %

    1 year 3 months to 2 years

    7.75 %

    2 years 3 months to 3 years

    7.75 %

    3 years 3 months to 4 years

    8 %

    4 years 3 months to 57 months

    8 %

    5 years

    8.75 %

    HDFC Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Domestic

    NRIs

    Senior Citizen

    6 months

    7 %

    N.A.

    7.5 %

    9 months

    7.25 %

    N.A.

    7.75 %

    1 year

    7.90 %

    7.9 %

    8.4 %

    1 year 3 months

    7.65 %

    7.65 %

    8.15 %

    2 years

    7.65 %

    7.65 %

    8.15 %

    2 years 3 months

    7.65 %

    7.65 %

    8.15 %

    3 years

    7.65 %

    7.65 %

    8.15 %

    3 years 3 months

    7.65 %

    7.65 %

    8.15 %

    4 years

    7.65 %

    7.65 %

    8.15 %

    5 years

    7.65 %

    7.65 %

    8.15 %

    7 years 6 months

    7.75 %

    7.75 %

    8.25 %

    10 years

    7.5 %

    7.5 %

    8 %

    ICICI Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Domestic

    Senior Citizens

    6 months

    7 %

    7.5 %

    9 months

    7.25 %

    7.75 %

    1 year

    7.75 %

    8.25 %

    1 year 3 months

    7.9 %

    8.4 %

    1 year 6 months

    7.9 %

    8.4 %

    1 year 9 months

    7.9 %

    8.4 %

    2 years

    7.9 %

    8.4 %

    2 years 3 months

    7.75 %

    8.25 %

    2 years 6 months

    7.75 %

    8.25 %

    2 years 9 months

    7.75 %

    8.25 %

    3 years

    7.75 %

    8.25 %

    Over 3 years up to 5 years

    7.75 %

    8.25 %

    Over 5 years up to 10 years

    7.5 %

    8 %

    Tenure

    ICICI Bank iWish Interest Rates (Per Annum)

    Domestic

    Senior Citizens

    6 months

    7 %

    7.5 %

    7 months to 9 months

    7.25 %

    7.75 %

    10 months to 11 months

    7.5 %

    8 %

    1 year

    7.75 %

    8.25 %

    13 months to 2 years

    7.9 %

    8.4 %

    25 months to 3 years

    7.75 %

    8.25 %

    37 months to 5 years

    7.75 %

    8.25 %

    5 years 1 day to 10 years

    7.5 %

    8 %

    IndusInd Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Domestic

    Senior Citizens

    1 year

    8 %

    8.50 %

    1 year 3 months

    7.75 %

    8.25 %

    1 year 6 months

    7.75 %

    8.25 %

    1 year 9 months

    7.75 %

    8.25 %

    2 years

    7.75 %

    8.25 %

    2 years 3 months

    7.75 %

    8.25 %

    2 years 6 months

    7.75 %

    8.25 %

    2 years 9 months

    7.75 %

    8.25 %

    3 years - below 5 years

    7.75 %

    8.25 %

    5 years - 10 years

    7.5 %

    8 %

    Indian Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    For deposits below Rs.1 crore

    For deposits of Rs.1 crore to Rs.5 crores

    Up to 6 months

    6.75 %

    6.75 %

    Over 6 months to below 9 months

    7.25 %

    7 %

    9 months to below 1 year

    7.5 %

    7 %

    1 year to below 2 years

    7.25 %

    7 %

    2 years to below 3 years

    7.25 %

    7 %

    3 years and more

    7.25 %

    7 %

    J & K Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    For deposits below Rs.1 crore

    For deposits of Rs.1 crore to below Rs.5 crores

    6 months

    7.25 %

    7 %

    Over 6 months to below 9 months

    7.5 %

    7.25 %

    9 months to below 1 year

    7.75 %

    7.5 %

    1 year to 3 years

    8 %

    7.75 %

    3 years to 5 years

    8 %

    7.75 %

    5 years to 10 years

    7.75 %

    7.5 %

    Tenure

    Recurring Deposit Interest Rates for deposits of Rs.5 crore and more (Per Annum)

    Over 1 year to below 3 years

    7.75 %

    3 years

    7.75 %

    The interest rates is 0.5 % more for Senior Citizens

    Tenure

    Recurring Deposit Interest Rates for NRE Deposits (Per Annum)

    Below Rs.1 crore

    Rs.1 crore to below Rs.5 crore

    1 year to below 3 years

    8 %

    7.75 %

    3 years to below 5 years

    8 %

    7.75 %

    5 years to 10 years

    7.75 %

    7.5 %

    Tenure

    Recurring Deposit Interest Rates for NRO Deposits (Per Annum)

    Below Rs.1 crore

    Rs.1 crore to below Rs.5 crore

    6 months

    7.25 %

    7 %

    Over 6 months to below 9 months

    7.5 %

    7.25 %

    9 months to below 1 year

    7.75 %

    7.5 %

    1 years to 3 years

    8 %

    7.75 %

    3 years to 5 years

    8 %

    7.75 %

    5 years to 10 years

    7.75 %

    7.5 %

    Karur Vyasya Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates below Rs.1 crore (Per Annum)

    6 months

    7.5 %

    Over 6 months to 9 months

    7.5 %

    Over 9 months to below 1 year

    7.5 %

    1 year to below 2 years

    7.75 %

    2 years to below 3 years

    7.75 %

    3 Years and above

    7.75 %

    Tenure

    Recurring Deposit Interest Rates for Senior Citizen (Per Annum)

    1 year to below 2 years

    8.25 %

    2 years to below 3 years

    8.25 %

    3 Years and above

    8.25 %

    Tenure

    NRE Interest Rates (Per Annum)

    1 year to below 2 years

    7.75 %

    2 years to below 3 years

    7.75 %

    3 Years and above

    7.75 %

    Punjab National Bank Recurring Deposit Interest Rates

    Tenure

    Interest Rates for deposits below Rs.1 crore (Per Annum)

    Domestic

    Senior Citizen

    6 months to less than a year

    7 %

    7.5 %

    1 year to 2 years

    7.5 %

    8 %

    Over 2 years up to 5 years

    7.25 %

    7.75 %

    Over 5 years up to 10 years

    7.25 %

    7.75 %

    The interest rate offered by Punjab Lakhpati Recurring Deposit Scheme is 9 %

    State Bank of India Recurring Deposit Interest Rates

    Tenure

    Interest Rates for deposits below Rs.1 crore (Per Annum)

    Domestic

    Senior Citizen

    1 year to 455 days

    7.25 %

    7.5 %

    456 days to below 2 years

    7.5 %

    7.75 %

    2 years to below 3 years

    7.5 %

    7.75 %

    3 years to below 5 years

    7 %

    7.25 %

    5 years to 10 years

    7 %

    7.25 %

    Tenure

    Interest Rates for deposits of Rs.1 crore to below Rs.50 crore (Per Annum)

    Domestic

    Senior Citizen

    1 year to 455 days

    6.75 %

    7 %

    456 days to below 2 years

    6.75 %

    7 %

    2 years to below 5 years

    6.75 %

    7 %

    5 years to 10 years

    6.75 %

    7 %

    State Bank of Mysore Recurring Deposit Interest Rates

    Tenure

    Interest Rates for deposits below Rs.1 crore (Per Annum)

    Domestic

    Senior Citizen

    1 year to 5 years

    7.75 %

    0.4 % more than the domestic rates

    Over 5 years up to 10 Years

    7.50 %

    Tenure

    Interest Rates for deposits of Rs.1 crore to Rs.5 crore (Per Annum)

    1 year

    7.25 %

    Tenure

    Interest Rates for deposits more than Rs.5 crore (Per Annum)

    1 year

    7 %

    Over 1 year up to 2 years

    7 %

    Over 2 years up to 5 years

    7 %

    State Bank of Travancore Recurring Deposit Interest Rates

    Tenure

    Interest Rates for deposits below Rs.1 crore (Per Annum)

    Interest rates

    Senior Citizens

    1 year to below 2 years

    7 %

    7.4 %

    2 years to below 3 years

    7.5 %

    7.9 %

    3 years to below 5 years

    7.25 %

    7.65 %

    5 years

    7.25 %

    7.65 %

    More than 5 years up to 10 years

    7 %

    7.4 %

    Syndicate Bank Recurring Deposit Interest Rates

    Tenure

    Interest Rates for deposits more than Rs.5 crore (Per Annum)

    Below Rs.1 crore

    Rs.1 crore to below Rs.10 crores

    Rs.10 crores to below Rs.25 crores

    Rs.25 crores to below Rs.50 crores

    Rs.50 crores to below Rs.100 crores

    Rs.100 crores and more

    1 year

    7.5 %

    7.45 %

    7.45 %

    7.45 %

    7.45 %

    7.45 %

    Over 1 year up to 2 years

    7.5 %

    7.25 %

    7.25 %

    7.25 %

    7.25 %

    7.25 %

    Over 2 years to below 5 years

    7.5 %

    7.25 %

    7.25 %

    7.25 %

    7.25 %

    7.25 %

    5 years

    7.5 %

    6.5 %

    6.5 %

    6.5 %

    6.5 %

    6.5 %

    Over 5 years up to 10 years

    6.75 %

    6.75 %

    6.75 %

    6.75 %

    6.75 %

    6.75 %

    Senior citizens get 0.5 % more than the normal rates

    Tamilnad Mercantile Bank Recurring Deposit Interest Rates

    Tenure

    Interest Rates for deposits up to Rs.15 Lakhs (Per Annum)

    Regular Citizens and NRO

    Senior Citizens

    1 year - 554 days

    7.95 %

    8.45 %

    555 days

    8.05 %

    8.55 %

    556 days - below 20 months 20 days

    7.95 %

    8.45 %

    20 months 20 days

    7.95 %

    8.45 %

    Over 20 months 20 days up to 776 days

    7.95 %

    8.45 %

    777 days

    8.1 %

    8.6 %

    778 days - below 5 years

    7.95 %

    8.45 %

    5 years - 10 years

    8.05 %

    8.55 %

    Union Bank of India Recurring Deposit Interest Rates

    Tenure

    Recurring deposit interest rates

    Below Rs.1 crore

    Rs.1 crore to Rs.10 crore

    6 months

    7 %

    6.5 %

    Over 6 months to below 1 year

    7.5 %

    7.25 %

    1 year

    7.65 %

    7.3 %

    Over 1 year up to 3 years

    7.55 %

    7 %

    Over 3 years up to 5 years

    7.5 %

    7 %

    Over 5 years up to 10 years

    7.25 %

    6.75 %

    United Bank of India Recurring Deposit Interest Rates

    Tenure

    Recurring deposit interest rates (Per Annum)

    Up to Rs.1 crore

    Over Rs.1 crore up to Rs.5 crore

    More than Rs.5 crore

    6 months

    6.50 %

    6.50 %

    6.50 %

    Over 6 months to 269 days

    6.50 %

    6.50 %

    6.50 %

    270 days to below 1 year

    7.00 %

    6.75 %

    6.75 %

    1 year

    7.25 %

    7.00 %

    7.00 %

    Over 1 year to below 2 years

    7.00 %

    6.75 %

    6.75 %

    2 years to below 3 years

    7.00 %

    6.75 %

    6.75 %

    3 years to below 5 years

    6.75 %

    6.75 %

    6.75 %

    5 years and more

    6.75 %

    6.75 %

    6.75 %

    Yes Bank Recurring Deposit Interest Rates

    Tenure

    Recurring deposit interest rates (Per Annum)

    Domestic

    Senior Citizen

    6 Months

    7.25 %

    7.75 %

    9 Months

    7.25 %

    7.75 %

    12 Months

    7.75 %

    8.25 %

    15 Months

    7.75 %

    8.25 %

    18 Months

    7.75 %

    8.25 %

    21 Months

    7.75 %

    8.25 %

    24 Months

    7.75 %

    8.25 %

    Above 2 years up to 10 Years

    7.75 %

    8.25 %

    On NRE recurring deposits between 1 year to 10 years, the bank offers an interest rate of 7.75 %

    Vijaya Bank Recurring Deposit Interest Rates

    Tenure

    Recurring deposit interest rates (Per Annum)

    6 months

    7 %

    Over 6 months to below 9 months

    7.25 %

    9 months to below 1 year

    7.25 %

    1 year

    7.75 %

    Over 1 year to below 2 years

    7.50 %

    2 years

    7.50 %

    Over 2 years to below 3 years

    7.50 %

    3 years to 5 years

    7.50 %

    Over 5 years

    7.50 %

    Senior Citizens will receive 0.5 % more than the normal rates

    State Bank of Hyderabad Recurring Deposit Interest Rates

    Tenure

    Recurring deposit Interest Rates (Per Annum)

    Below Rs.1 crore

    Rs.1 crore to below Rs.10 crores

    Rs.10 crores and above

    6 months to below 1 year

    7.5 %

    6.5 %

    6.5 %

    1 year to below 2 years

    7.75 %

    7 %

    6.75 %

    2 years to below 3 years

    7.75 %

    6.75 %

    6.5 %

    3 years to 5 years

    7.75 %

    6.75 %

    6.5 %

    Over 5 years up to 10 years

    7.75 %

    6.75 %

    6.5 %

    Tenure

    NRE Interest Rates (Per Annum)

    Below Rs.1 crore

    Rs.1 crore to below Rs.10 crores

    Rs.10 crores and above

    1 year to below 2 years

    7.75 %

    7 %

    6.75 %

    2 years to below 3 years

    7.75 %

    6.75 %

    6.5 %

    3 years to 5 years

    7.75 %

    6.75 %

    6.5 %

    Over 5 years up to 10 years

    7.75 %

    6.75 %

    6.5 %

    Tenure

    NRO Interest Rates (Per Annum)

    Below Rs.1 crore

    Rs.1 crore to below Rs.10 crores

    Rs.10 crores and above

    6 months to below 1 year

    7.5 %

    6.75 %

    6.5 %

    1 year to below 2 years

    7.75 %

    7.25 %

    6.75 %

    2 years to below 3 years

    7.75 %

    7.25 %

    6.75 %

    3 years to 5 years

    7.75 %

    7.25 %

    6.75 %

    Over 5 years up to 10 years

    7.75 %

    7.25 %

    6.75 %

    Type of Depositors

    SBH Kuber Interest Rates

    General

    7.85 %

    Senior Citizens

    8.15 %

    SBH Staff

    8.85 %

    SBH Staff (Senior Citizens)

    9.15 %

    Oriental Bank of Commerce Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Below Rs.1 crore

    Rs.1 crore to Rs.10 crores (same interest rates for NRO deposits)

    Rs.10 crores and above (same interest rates for NRO deposits)

    6 months to below 9 months

    7.25 %

    6.75 %

    6.75 %

    9 months to below 1 year

    7.25 %

    6.75 %

    6.75 %

    1 year to below 2 years

    7.75 %

    7.25 %

    7 %

    2 years to below 3 years

    7.5 %

    7 %

    7 %

    3 years to below 5 years

    7.5 %

    7 %

    7 %

    5 years to 10 years

    7.5 %

    7 %

    7 %

    Interest rates are 0.5 % more for the senior citizens

    Tenure

    NRE Recurring Deposit Interest Rates

    1 year to below 2 years

    7.75 %

    2 years to below 3 years

    7.5 %

    3 years to below 5 years

    7.5 %

    5 years to 10 years

    7.5 %

    IDBI Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    1 year to below 2 years

    7.75 %

    2 years to below 3 years

    7.5 %

    3 years to below 5 years

    7.5 %

    5 years

    7.5 %

    Over 5 years up to 7 years

    7.5 %

    Over 7 years up to 10 years

    7.5 %

    Tenure

    Interest Rates for Senior Citizen (Per Annum)

    1 year to below 2 years

    8.25 %

    2 years to below 3 years

    8 %

    3 years to below 5 years

    8 %

    5 years

    8 %

    Over 5 years up to 7 years

    8 %

    Over 7 years up to 10 years

    8 %

    Tenure

    Interest Rates for NRO deposits (Per Annum)

    1 year to below 2 years

    7.75 %

    2 years to below 3 years

    7.5 %

    3 years to below 5 years

    7.5 %

    5 years

    7.5 %

    Over 5 years up to 7 years

    7.5 %

    Over 7 years up to 10 years

    7.5 %

    Tenure

    Interest Rates for NRE deposits (Per Annum)

    1 year to below 2 years

    7.75 %

    2 year to below 3 years

    7.5 %

    3 year to below 5 years

    7.5 %

    5 years

    7.5 %

    Kotak Mahindra Recurring Deposit Interest Rates

    Tenure

    Recurring deposit interest rates (Per Annum)

    Domestic

    Senior Citizen

    1 year

    7.9 % 

    8.4 %

    1 year 3 months

    7.75 %

    8.25 %

    18 months

    7.75 %

    8.25 %

    21 months

    7.75 %

    8.25 %

    2 years

    7.65 %

    8.15 %

    2 years 3 months

    7.65 %

    8.15 %

    30 months

    7.6

    8.15 %

    33 months

    7.65 %

    8.15 %

    3 years to below 4 years

    7.5 %

    8 %

    4 years to below 5 years

    7.5 %

    8 %

    5 years to 10 years

    7.25 %

    7.75 %

    Karnataka Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Up to Rs.1 crore

    Over Rs.1 crore up to Rs.10 crores

    Over Rs.10 crores up to Rs.100 crores

    6 months to below 1 year

    7.25 %

    7 %

    7 %

    1 year to 2 years

    7.75 %

    7.25 %

    7 %

    Over 2 Years up to 10 years

    7.5 %

    N.A.

    N.A.

    Tenure

    Senior Citizen Recurring Deposit Interest Rates (Per Annum)

    Up to Rs.1 crore

    Over Rs.1 crore up to Rs.3 crores

    Over Rs.3 crores up to Rs.10 crores

    Over Rs.10 crores up to Rs.100 crores

    6 months to below 1 year

    7.75 %

    7.5 %

    7 %

    7 %

    1 year to 2 years

    8.25 %

    7.75 %

    7.25 %

    7 %

    Over 2 Years up to 10 years

    8.00 %

    N.A.

    N.A.

    N.A.

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Up to Rs.1 crore

    Over Rs.1 crore up to Rs.10 crores

    Over Rs.10 crores up to Rs.100 crores

    1 year to 2 years

    7.75 %

    7.25 %

    7 %

    Over 2 years up to 10 years

    7.5 %

    N.A.

    N.A.

    Interest Rates for Minor Deposit Scheme

    Up to 10 years

    7.5 %

    Above 10 years

    7.5 %

    Indian Overseas Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates for deposits of up to Rs.1 crore (Per Annum)

    6 months to below 9 months

    5.75 %

    9 months to below 1 year

    6.25 %

    1 year to below 2 years

    7.50 %

    2 years to 3 years

    7.25 %

    3 Years to below 5 years

    7.25 %

    5 years and more

    7.25 %

    Senior Citizens will receive 0.5 percent more than the normal rates

    State Bank of Bikaner and Jaipur Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates for deposits below Rs.1 crore (Per Annum)

    Public

    Senior Citizen

    Staff

    Ex Staff Senior Citizen

    NRO

    NRE

    6 months to 269 days

    7 %

    7.5 %

    8 %

    8.5 %

    7 %

    NA

    1 year

    7.75 %

    8.25 %

    8.75 %

    9.25 %

    7.75 %

    7.75 %

    Over 1 year to below 3 years

    7.75 %

    8.25 %

    8.75 %

    9.25 %

    7.75 %

    7.75 %

    3 years to below 5 years

    7.5 %

    8 %

    8.5 %

    9 %

    7.5 %

    7.5 %

    Over 5 years to 10 years

    7.5 %

    8 %

    7.5 %

    9 %

    7.5 %

    7.5 %

    Tenure

    Recurring Deposit Interest Rates for deposits of Rs.1 crore to Rs.10 crore (Per Annum)

    Public

    Senior Citizen

    Staff

    Ex Staff Senior Citizen

    NRO

    NRE

    6 months to 269 days

    6.75 %

    6.75 %

    6.75 %

    6.75 %

    6.75 %

    NA

    1 year

    7 %

    7.25 %

    7 %

    7.25 %

    7 %

    7 %

    Over 1 year to below 3 years

    7 %

    7.25 %

    7 %

    7.25 %

    7 %

    7 %

    3 years to below 5 years

    6.75 %

    7 %

    6.75 %

    7 %

    6.75 %

    6.75 %

    Over 5 years to 10 years

    6.75 %

    7 %

    6.75 %

    7 %

    6.75 %

    6.75 %

    Dhanlaxmi Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    General

    NRI

    Senior Citizen

    6 months to below 1 year

    6.75 %

    N.A.

    0.5 % more than the general rates

    1 year to 2 years

    7.4 %

    7.4 %

    Over 2 years up to 3 years

    7.4 %

    7.4 %

    Over 3 years up to 5 years

    7.25 %

    7.25%

    Over 5 years up to 10 years

    7.25 %

    7.25 %

    Federal Bank Recurring Deposit Interest Rates

    Tenure

    Recurring deposit Interest rates for deposits below Rs.1 Crore (Per Annum)

    General

    NRI

    Senior Citizen

    6 months to below 1 year

    7 %

    NA

    0.5 % more than the general rates

    1 year to below 2 years

    7.6 %

    7.6 %

    2 years and more

    7.5 %

    7.5 %

    India Post Recurring Deposit Interest Rates

    An interest rate of 8.4 % is offered by India Post on their recurring deposits scheme, which is compounded on a quarterly basis.

    Lakshmi Vilas Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates for deposit below Rs.1 crore (Per Annum)

    1 year to below 3 years

    7.9 %

    3 years to below 5 years

    7.9 %

    5 years and above

    7.8 %

    Tenure

    NRO Recurring Deposit Interest Rates for deposit below Rs.1 crore

    1 year to below 3 years

    7.9 %

    3 years to below 5 years

    7.9 %

    5 years to 10 years

    7.8 %

    DBS Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    General

    Senior Citizens

    Up to 6 months

    7 %

    7 %

    181 days to 189 days

    7.25 %

    7.25 %

    190 days to 269 days

    6.9 %

    6.9 %

    9 months to below 1 year

    7 %

    7 %

    1 year to 1 year 3 months

    7 %

    7 %

    1 year 3 months 1 day to below 2 years

    7 %

    7 %

    2 years to below 3 years

    7.2 %

    7.2 %

    3 years to below 4 years

    7.3 %

    7.3 %

    4 years to below 5 years

    7.3 %

    7.3 %

    5 years

    7.4 %

    7.4 %

    Bharatiya Mahila Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Below Rs.1 crore

    Rs.1 crore and more

    1 year

    7.9 %

    7.6 %

    Over 1 year to below 3 years

    7.75 %

    N.A.

    3 years to below 5 years

    7.5 %

    N.A.

    5 years up to 10 years

    7.5 %

    N.A.

    0.5 % more for Senior Citizen recurring deposits below Rs.1 crore

    Saraswat Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    General

    Senior Citizens

    Up to 1 year

    6.75 %

    6.75 %

    Over 1 year up to 2 years

    7.75 %

    8 %

    Over 2 years up to 3 years

    7.8 %

    8.05 %

    Tenure

    NRE Recurring Deposit Interest Rates (Per Annum)

    1 year 

    6.75 %

    Over 1 years up to 2 years

    7.75 %

    Over 2 years up to 3 Years

    7.8 %

    Over 3 years up to 5 years

    7.8 %

    Punjab & Sind Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    Below Rs.1 crore

    Rs.1 crore up to Rs.5 crore

    6 months to below 9 months

    7.25 %

    7 %

    9 months to below 1 year

    7.25 %

    7 %

    1 year to 2 years

    7.8 %

    7 %

    Over 2 years to below 3 years

    7.5 %

    7 %

    3 years to 5 years

    7.25 %

    7 %

    Over 5 years up to 10 years

    7.25 %

    7 %

    Tenure

    NRE Recurring Deposit Interest Rates (Per Annum)

    Below Rs.1 crore

    Rs.1 crore up to Rs.5 crore

    1 year to 2 years

    7.8 %

    7 %

    Over 2 years to below 3 years

    7.5 %

    7 %

    3 years to 5 Years

    7.25 %

    7 %

    Nainital Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    General

    Senior Citizens

    1 year to 2 years

    7.9 %

    8.4 %

    Over 2 years to below 3 years

    7.75 %

    8.25 %

    3 years to below 5 years

    7.75 %

    8.25 %

    5 years to 10 years

    7.5 %

    8 %

    DHFL Bank Recurring Deposit Interest Rates

    Tenure

    Recurring Deposit Interest Rates (Per Annum)

    1 year to 10 years

    9 %

    Read More Article on Recurring Deposit

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