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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

    Recurring Deposit - Sitemap

    RD Reviews

  • Page 1 of 48 1 2 3 4 5
    • SBI Recurring Deposit
      "Good"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      I have my car loan with SBI 3 years . The loan amount was5 lakhs and the rate of interest was 9.8% which was satisfactory .The customer service and responses was good . The pre closure is after 1 year and the processing fee was 1100. My overall experience was good.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 20, 2017
    • HDFC Bank Recurring Deposit
      "Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have most of my banking products with HDFC bank. As I'm an employee as well as I liked HDFC bank's services I decided to start a reccurring deposit for my future savings with HDFC bank itself. If we book recurring deposit through online then we will get offers some like free deal, provogue bags or watches, vouchers. Annually I pay Rs. 3000 and I get an interest of 7.75%.
      Was this review helpful? 0
      , jammu
      Reviewed on Nov 20, 2017
    • ICICI Bank Recurring Deposit
      "Great banking service"
      ICICI BANK
      0.5 4.0/5 "Great!"
      It was almost seven years now with the ICICI bank on recurring deposit. The website was very good where I can get my statement. Android app could be better. I pay monthly around 8K via online banking. I like them for the service since I maintained my saving and salary account. The things could have been better with respective of email intimation.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 18, 2017
    • SBI Recurring Deposit
      "Good service"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      As I'm a long time customer with State bank of India for around 12 years and as I liked their banking services so I started a recurring deposit with State bank of India 5 years ago. I pay Rs. 3000 monthly and keep on renewing it after every year when the tenure ends.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 18, 2017
    • IDBI Recurring Deposit
      "Average service"
      IDBI BANK
      0.5 3.0/5 "Satisfactory"
      I have a savings account with IDBI bank for the past 5 years. As a long time customer with IDBI bank I trusted them and invested some money recurring deposit with IDBI itself. I renew this recurring deposit account every year. I get a interest of 7% which is very less.
      Was this review helpful? 0
      , delhi
      Reviewed on Nov 17, 2017
    • SBI Recurring Deposit
      "Good service"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      As I have a savings account with State Bank of India I started a recurring deposit account with them. But I'm really not sure about the interest rates they provide me but it's good for both my RD accounts in this State bank of India as well as the other bank IOC.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 17, 2017
    • Kotak Recurring Deposit
      "Satisfactory & happy"
      KOTAK MAHINDRA BANK
      0.5 4.5/5 "Excellent!"
      They are giving 6% interest rate for the Recurring Deposit. It was a very good service with Kotak. The request has been placed online. I have chosen Kotak because they are giving more benefits and high potentials. The customer service and response is good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 16, 2017
    • SBI Recurring Deposit
      "Excellent in service , hike in interest rate"
      STATE BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      I have invested in recurring deposit and the return value is good based on the pre tax which was levied and it was levied based on certain circumstances. I would like to say that the customer service is good one with them, also I really dont have any issues on it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2017
    • Tamilnad Mercantile Bank Recurring Deposit
      "Excellent "
      TAMILNAD MERCANTILE BANK
      0.5 4.5/5 "Excellent!"
      The rate of interest is higher for RD with Tamilnad Mercantile Bank compared to others, I will get a good return. I pay 2000rupees per month.The statements will be sent out to my mobile number or email address . For the maturity period they will inform the customer 1 week before. Manager will call the customer directly. There is no compulsion for the customer it is based up on their own interest. It is a tenure of 7 years.
      Was this review helpful? 0
      , madurai
      Reviewed on Nov 13, 2017
    • HDFC Bank Recurring Deposit
      "Secure Deposit"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a recurring deposit with HDFC bank. The total tenure for this deposit is for 60 months. They have given a rate of interest of 7.90% and now its lowered to 6.75 percentage. Monthly from my HDFC savings account they will deduct that amount.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 08, 2017
    • Vijaya Bank Recurring Deposit
      "Excellent"
      VIJAYA BANK
      0.5 5.0/5 "Blown Away!"
      I had a recurring deposit from Vijaya Bank and the process for that was also good. I have no hassles with the bank as they have always been proper in their response to the customer. The benefits of this account is also fine and I no longer use the account. I have closed it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 06, 2017
    • ICICI Bank Recurring Deposit
      "Excellent service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I never find any difficulty with my ICICI requiring deposit service I am using ICICI mobile application so the every transaction will be done through online so I don't need to contact their branch or their staffs their mobile application is very easy to use and user friendly it was totally a good experience with ICICI.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 01, 2017
    • Syndicate Bank Recurring Deposit
      "Good Service"
      SYNDICATE BANK
      0.5 4.0/5 "Great!"
      As I have a savings account with SYNDICATE BANK I started a recurring deposit account also with them. I have been holding this recurring deposit account for the past 8 months. I pay Rs. 500 for this recurring deposit account. I get an interest of around 8%.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 31, 2017
    • SBI Recurring Deposit
      "Not a good investment"
      STATE BANK OF INDIA
      0.5 2.0/5 "Expected more"
      I created this Recurring Depoist account some time back and the return I got was little disappointing. I had paid Rs.10000 every month and was expecting a 7.25% Interest. But at the end, after the cut of all taxes I recieved only 4.5% profit, which for me is pure waste of investment.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Oct 29, 2017
    • HDFC Bank Recurring Deposit
      "Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have my salary account with HDFC bank so I thought of holding a Recurring deposit account with them as their services are good. Now I have been holding a Recurring deposit account with them for the past 1 year. I remember for the last 6 months I'm paying between Rs. 1000 to Rs. 2000 monthly. They give me 5.25% as interest.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 28, 2017
    • HDFC Bank Recurring Deposit
      "Good Saving"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Holding Recurring deposit account with HDFC, I used to pay Rs. 3000 on every month, it has tenure of one year, But the interest rate is very low like the banks norms. I think HDFC Is providing 6% of interest for the RD account, I am using it only for the investment purpose.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 25, 2017
    • HDFC Bank Recurring Deposit
      "Very good account"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      HDFC Bank is my corporate account and my salary account is with HDFC. The reason why I had chosen HDFC for the Recurring Deposit was because of the interest rate which is 6% and it is the best and we have to pay monthly 1200 . This Recurring Deposit request was placed online. I can also view my maturity instructions online
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • HDFC Bank Recurring Deposit
      "Good Saving"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      Generally invest Rs.10,000 on monthly average in my HDFC recurring deposit account. It has the tenure of two years, after maturity period I would get the amount around 30,000 and above. I am satisfied with them, online transaction is easy to make the payment.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 13, 2017
    • ICICI Bank Recurring Deposit
      "Good saving and convenient saving"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      ICICI recurring deposit is very convenient to access through online, I opened RD through netbanking it was simple. Currently I am investing Rs.5000 for a year , I get 6.9% of interest per annum. I am could do the liquidity through online, but there was some charge applicable around Rs.300.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 12, 2017
    • Axis Bank Recurring Deposit
      "Average Service"
      AXIS BANK
      0.5 3.5/5 "Pretty good"
      As I'm holding my salary account with AXIS Bank I decided to maintain a Recurring Deposit account with them. Now I have this account for the past 1 year. They offer me 7 to 8% interest. The funds did not auto debited from my salary account to this RD account. Every month I had to visit the bank. After 4 months then this problem got rectified. The interests can be improved.
      Was this review helpful? 0
      , delhi
      Reviewed on Oct 09, 2017
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