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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
    • Punjab National Bank Recurring Deposit
      "Good online option for RD with PNB"
      PUNJAB NATIONAL BANK
      0.5 3.0/5 "Satisfactory"
      The online facility is there for RD, they are providing moderate interest for recurring deposit. I can deposit minimum of Rs. 1000, they are providing the interest around 7.1% for per annum. I could deactivate the RD through online but it was not successful.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 04, 2018
    • Kotak Recurring Deposit
      "Average service"
      KOTAK MAHINDRA BANK
      0.5 3.0/5 "Satisfactory"
      I have a Recurring deposit account with KMB from last 8 months, i invest an amount of Rs 500 every month. Customer support was average with this bank and i was not much satisfied with the terms and conditions. I am not aware of the returns on investment.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 29, 2018
    • Oriental Bank of Commerce Recurring Deposit
      "Very good banking"
      ORIENTAL BANK OF COMMERCE
      0.5 5.0/5 "Blown Away!"
      I have a recurring deposit account with Oriental bank of commerce. Last 20 years before i have opened the account. I have been depositing the minimum amount of Rs. 500 every month. I have chosen the tenure period of 1 year earlier and i have increased the same. Since the bank branch is nearby, i have selected my deposit with oriental bank.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 28, 2018
    • HDFC Bank Recurring Deposit
      "Good"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have a Recurring deposit account with HDFC Bank and it was taken before 1.5 years. I can maintain the account through net banking and it was easy. I have invested 50K for 2 years. I am getting 6.25% of interest rate which was okay. The customer service is average.
      Was this review helpful? 5
      , chennai
      Reviewed on Nov 23, 2018
    • ICICI Bank Recurring Deposit
      "Good Experience"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I have a recurring deposit in ICICI. Every month i have been depositing a particular amount and i will be getting good benefits. I don't use the customer care service. Online services always I'm using and i will look up on. Every 1 year i have been renewing the Recurring deposit when its coming to my account. Somewhere around 7.5% interest rate i will get from this recurring deposit.
      Was this review helpful? 2
      , faridabad
      Reviewed on Nov 22, 2018
    • HDFC Bank Recurring Deposit
      "Its Better"
      HDFC BANK
      0.5 4.0/5 "Great!"
      They are providing interest for the RD amount, when I done the preclosure they are taking 2% of interest. I have deposit Rs.2 ,25,000 . I took the RD for 4 years. I done the preclsoure in 3 years. They didn't provide much interest. Normally I make the ecs payment.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 19, 2018
    • HDFC Bank Recurring Deposit
      "Good"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have a recurring deposit account with HDFC Bank. It was taken 2 months back. I am maintaining a salary account with them and they suggested me for RD. In returns I get 7% as an interest rate. I have to deposit monthly 1,000 rupees and the locking period is one year.
      Was this review helpful? 5
      , tiruchirapalli
      Reviewed on Nov 16, 2018
    • andhra Bank Recurring Deposit
      "Average service"
      ANDHRA BANK
      0.5 3.0/5 "Satisfactory"
      The service provided was very good with Andhra bank based on the recurring deposit,Customer service offered by them was very good,. At the end of the term I will get one reminder from them confirming that the amount is going to get matured.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 16, 2018
    • Karnataka Bank Recurring Deposit
      "Good service"
      KARNATAKA BANK
      0.5 3.5/5 "Pretty good"
      Karnataka bank is giving good service for the recurring deposit . There is no annual charges for the account They are going quiet good response . Am getting income tax benefits too . Overall its average investments plan . It has some nominal good returns.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 02, 2018
    • SBI Recurring Deposit
      "Overall good"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      The experience for a recurring deposit is good. There are no issues in the process. The customer support and response is fine too at State Bank of India as I had no issues to open this account. I am also happy with the interest earned. Till date no hassles.
      Was this review helpful? 9
      , bangalore
      Reviewed on Oct 27, 2018
    • Kotak Recurring Deposit
      "Not satisfied"
      KOTAK MAHINDRA BANK
      0.5 2.0/5 "Expected more"
      I have a Recurring Deposit account with Kotak Mahindra Bank from last 1 year, I deposit an amount of Rs 3000 every month and the returns are not that good. I have withdrawn the amount in 6-7 months and there was no penalty charged.
      Was this review helpful? 3
      , pune
      Reviewed on Oct 24, 2018
    • Axis Bank Recurring Deposit
      "Easy process"
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      It was very convenient to open a recurring deposit with Axis Bank. I can do it online and I did not have to visit the bank for any formality. The lock in period for this account is for a year. I can also close the account online too. I am happy with the process too.
      Was this review helpful? 10
      , bangalore
      Reviewed on Sep 04, 2018
    • HDFC Bank Recurring Deposit
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have opened a Recurring Deposit account in HDFC bank from last 1 year. I have to pay an amount of Rs 25000 every month and all the terms & conditions were explained by the customer support of HDFC bank. In returns i get 6% as an interest which is quite good.
      Was this review helpful? 21
      , new delhi
      Reviewed on Aug 30, 2018
    • IOB Recurring Deposit
      "Good Service"
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      I've a recurring deposit with the Indian bank. I am depositing 1000 rupees a month. There hasn't been any issues with the deposit so far. It is easy to start and make payments to the recurring deposit. Auto debit option is also there for the deposit.
      Was this review helpful? 14
      , ahmedabad
      Reviewed on Jul 28, 2018
    • IOB Recurring Deposit
      "Good Service"
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      I've two recurring deposit with the IOB, I am depositing 2000 every month. There is no additional benefits apart from the nominal interest they provide. It is easy to start a recurring deposit with the Indian bank.
      Was this review helpful? 11
      , ahmedabad
      Reviewed on Jul 28, 2018
    • Kotak Recurring Deposit
      "Excellent Service"
      KOTAK MAHINDRA BANK
      0.5 5.0/5 "Blown Away!"
      I had opened this account a long time back and i had opened it online and the process in taking it has been easy, i had been depositing 2000 every month. There has been a very good service which they had been providing so far. I had been doing everything through their mobile application and it had been easy in using it.
      Was this review helpful? 13
      , chennai
      Reviewed on Jul 17, 2018
    • City Union Bank Recurring Deposit
      "Good Service"
      CITY UNION BANK
      0.5 5.0/5 "Blown Away!"
      I travel every year with my family for that purpose I deposit Monthly 5000 which gets auto debited from the account. They also offers 7.1 % interest rate. The deposit was started from the branch and it has been a very good experience with their services.
      Was this review helpful? 16
      , chennai
      Reviewed on Jul 13, 2018
    • ICICI Bank Recurring Deposit
      "Good Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I've a recurring deposit with the ICICI bank. It is so easy to start recurring deposit with the iMobile App. You need to give the reference number to the bank and the whole deposit process is automated. The monthly deposit amount gets auto debited from the account.
      Was this review helpful? 13
      , chennai
      Reviewed on Jun 27, 2018
    • Kotak Recurring Deposit
      "Best"
      KOTAK MAHINDRA BANK
      0.5 5.0/5 "Blown Away!"
      I am having the recurring deposit account with the Kotak mahindra bank and I was not aware of the rate of interest. I would like to say that the response is fine one for me with the Kotak mahindra bank.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jun 23, 2018
    • YES Bank Recurring Deposit
      "Excellent"
      YES BANK
      0.5 4.5/5 "Excellent!"
      Minimum tenure is around one year of time for the recurring deposit with the Yes bank. Response is also good one with the Yes bank. I don't have any issues with them till now. I am really happy with the Yes bank and I have not faced any hiccups with them.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 23, 2018
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