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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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RD Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Bank Recurring Deposit
    "Good Saving"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have RD with HDFC Bank, I think they are providing 7.2% for one year,its for five account . I have activated the account through online, they do give remain call for the up coming RD amount. Automatically ecs debit from my account, the banker is updated with all the information.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 22, 2019
  • IDBI Recurring Deposit
    "satisfactory"
    IDBI BANK
    0.5 5.0/5 "Blown Away!"
    I have a savings account with IDBI BANK since the interest rate is good so have decided to open Recurring Deposit with them and its 5 years now. They offer 8.6% which was satisfactory. Its a monthly investment and have enabled ECS option. This account is manageable online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 19, 2019
  • HDFC Bank Recurring Deposit
    "Good Investment"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have recurring deposit with HDFC account, I went to the bank and opened the account , within 5 days it got activated. I used to get reminder messasge for monthly RD. Minimum I can deposit from Rs.500 to 1 lakh, the current interest with HDFC around 7.5% its really good.
    Was this review helpful? 1
    , pune
    Reviewed on Mar 17, 2019
  • SBI Recurring Deposit
    "Good Saving"
    STATE BANK OF INDIA
    0.5 5.0/5 "Blown Away!"
    Based on SBI saving account, I have opened recurring deposit with SBI, I am depositing Rs. 20,000 in a month, the bank will provide the interest around 6.7% based on the current financial year. I could access RD account through mobile application.
    Was this review helpful? 3
    , hyderabad
    Reviewed on Mar 11, 2019
  • HDFC Bank Recurring Deposit
    "Good Investment"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have activated HDFC recurring deposit through online banking within 3 days of time, monthly I deposit Rs. 1000 it has the term of 12 years, the rate of interest is around 8.2%, the support is very good for the recurring queries, there is no charges for the prematures withdrawal.
    Was this review helpful? 3
    , hyderabad
    Reviewed on Mar 11, 2019
  • ICICI Bank Recurring Deposit
    "Excellent feature"
    ICICI BANK
    0.5 5.0/5 "Blown Away!"
    I have another recurring deposit account with ICICI Bank, but this one is opened through iwish. It is a flexible recurring deposit. I can choose a goal and deposit fund as and when I want too. I do not have to do it only on a monthly or quarterly basis.
    Was this review helpful? 1
    , chennai
    Reviewed on Mar 10, 2019
  • ICICI Bank Recurring Deposit
    "Good in all"
    ICICI BANK
    0.5 5.0/5 "Blown Away!"
    I have a recurring deposit at ICICI Bank as well. It was a easy process to open this account. I could do it online and I can make a investment every month. They provide a reasonable rate of interest too. I can even close this account online. I need not have to visit the bank.
    Was this review helpful? 1
    , chennai
    Reviewed on Mar 10, 2019
  • SBI Recurring Deposit
    "Good"
    STATE BANK OF INDIA
    0.5 4.0/5 "Great!"
    The interest rate is nominal when compared with other banks. As my savings account is with SBI and it was easy to do transactions for me and convenient, I have no customer care experience with Recurring Deposit account. I do monthly investment through online net banking.
    Was this review helpful? 1
    , new delhi
    Reviewed on Mar 09, 2019
  • HDFC Bank Recurring Deposit
    "Good for saving"
    HDFC BANK
    0.5 3.0/5 "Satisfactory"
    Every month I used deposit Rs. 5000 for one year of HDFC recurring deposit, the current interest is around 5 to 6% for recurring investment, I have option to take liquidity through online. The customer support is good on my queries regarding RD.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 07, 2019
  • Citibank Recurring Deposit
    "Best saving terms"
    CITIBANK
    0.5 5.0/5 "Blown Away!"
    I had recurring deposit with CITI bank now I closed it, I used to pay Rs. 3000 on monthly basis for the period of five years, I kept has buffer as an account. I have closed it after four months, the interest was decent, I love to bank with Citibank as the online banking is convenient.
    Was this review helpful? 0
    , medak
    Reviewed on Mar 07, 2019
  • ICICI Bank Recurring Deposit
    "Good "
    ICICI BANK
    0.5 5.0/5 "Blown Away!"
    I have a Recurring Deposit account in ICICI BANK because hold a salary account where I can do a internal transfer without any issues. The interest is similar like other banks. I never had a chance to contact the customer support. I could manage this account online and it was good. I am depositing monthly 3K through online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 04, 2019
  • HDFC Bank Recurring Deposit
    "Very Good Service"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have started this Recurring deposit two months back and i had been investing on them at time to time. The payments had been made through the brokerage and their customer support has been guiding me every time. The interest rate with them is also quite nice when compared with the other banks.
    Was this review helpful? 1
    , new delhi
    Reviewed on Mar 03, 2019
  • Corporation Bank Recurring Deposit
    "Safe and secured investment"
    CORPORATION BANK
    0.5 5.0/5 "Blown Away!"
    I making recurring deposit with Corporation bank, I have fixed one slap to make the payment on the duration of five year. I can track the RD transactions through mobile application. The bank staff are resolving the queries on the time, its safe and secured.
    Was this review helpful? 0
    , mangalore
    Reviewed on Feb 28, 2019
  • SBI Recurring Deposit
    "Need developement on the online website"
    STATE BANK OF INDIA
    0.5 2.0/5 "Expected more"
    Currently SBI is providing recurring deposit interest around 7% per annum, as per the interest rate its good. But for the recurring deposit, the bank need improvement on the netbanking. Because every month I need deposit the money manually they wont deduct the money from my account.
    Was this review helpful? 2
    , pune
    Reviewed on Feb 25, 2019
  • SBI Recurring Deposit
    "Average RD account"
    STATE BANK OF INDIA
    0.5 5.0/5 "Blown Away!"
    I have chosen the state bank of India for my recurring deposit. One of my friend has recommended me about the SBI. The interest rates are nominal and There is no charges for maintaining the Recurring Deposit. I have been investing the amount of Rs. 5000 for last 3 years. I need to hold the money upto 7 years.
    Was this review helpful? 2
    , kolkata
    Reviewed on Feb 25, 2019
  • review Recurring Deposit
    "Very Good Service"
    RATNAKAR BANK
    0.5 4.0/5 "Great!"
    I had started this investment plan almost four to five months back and it is highly recommended to others. I had making the investments on a monthly basis and the interest rate which they are offering is very good when compared with the other banks. Their customer support team and their staffs had been helpful at all times as well.
    Was this review helpful? 0
    , mumbai
    Reviewed on Feb 25, 2019
  • ICICI Bank Recurring Deposit
    " Need more benefits"
    ICICI BANK
    0.5 3.0/5 "Satisfactory"
    Previously I had recurring deposit of Rs.20,000, every month I used to deposit it. The benefits are less hence I didn't find any worthy so I have closed the RD account, they need to give more interest on the RD part. I don't know whether they change it or not.
    Was this review helpful? 1
    , bangalore
    Reviewed on Feb 23, 2019
  • Indian Bank Recurring Deposit
    "Good Investment"
    INDIAN BANK
    0.5 5.0/5 "Blown Away!"
    In Indian Bank RD interest rate is more than 6.5% for per annum, it has minimum tenure of one year then I can prolong the recurring deposit duration upto three years. I can make the payment through online or atm, they have lots of facilities, its really good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 21, 2019
  • Indian Bank Recurring Deposit
    "Good Investment"
    INDIAN BANK
    0.5 5.0/5 "Blown Away!"
    In Indian Bank RD interest rate is more than 6.5% for per annum, it has minimum tenure of one year then I can prolong the recurring deposit duration upto three years. I can make the payment through online or atm, they have lots of facilities, its really good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 21, 2019
  • HDFC Bank Recurring Deposit
    "Fine Account"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have invested my money from HDFC. I have invested the money for 6 months. Since i had a savings account with them, its a compulsory with them, i have invested with them. I have already my recurring deposit because i need to maintain a minimum balance. Since there is no issues, i have not contacted the customer care service.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Feb 20, 2019
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