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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
    "Easy to apply"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I was paying the RD of Rs. 2000 and i started paying the first month amount by last month. In net banking, there is no option to pay my RD. I have chosen HDFC because I'm the account holder of the same account. There is a lockin period of 6 months and at the end of six month it will get converted into fixed deposit. Interest rate is too low.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Oct 10, 2019
  • review
    review Recurring Deposit
    "It's better"
    STANDARD CHARTERED BANK
    0.5 3.0/5 "Satisfactory"
    With Standard Chartered Bank, am having a recurring deposit because they are providing 7% interest rate. I would suggest them to improve the service. Its been more than 1.5years. They have provided me online access to manage the account. I was doing 3K monthly and have chosen tenure of 1year.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 10, 2019
  • Kotak Recurring Deposit
    "Need improvement on customer support"
    KOTAK MAHINDRA BANK
    0.5 4.0/5 "Great!"
    I am not getting any calls from Kotak to suggest the investment products but whenever my salary credits I used to invest the money with their recurring deposit, monthly I used to invest Rs.1000 and above . I won't recommend this RD for non customers.
    Was this review helpful? 1
    , bangalore
    Reviewed on Sep 14, 2019
  • HDFC Bank Recurring Deposit
    "Good bank for future"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    HDFC gave me very good interest for my recurring deposit, every month I used to invest Rs.3000 for 6 months, finally I about to get Rs.18,000 without interest as per my RD, the bank gave me Rs. 18594 its really good, the online banking is very convenient.
    Was this review helpful? 5
    , bangalore
    Reviewed on Sep 14, 2019
  • HDFC Bank Recurring Deposit
    "Good Investment"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have a recurring deposit from HDFC. I have a salary account in HDFC hence i have chosen the same bank. I have been investing the money of Rs. 1000 every month and they are providing a interest rate of 7%. Once my salary is credited, my RD amount will automatically deducted from my account. There is a lockin period of 2 years.
    Was this review helpful? 3
    , bangalore
    Reviewed on Sep 14, 2019
  • Kotak Recurring Deposit
    "Good investment for the future"
    KOTAK MAHINDRA BANK
    0.5 5.0/5 "Blown Away!"
    I had a Recurring deposit for one year with Kotak Mahindra, through netbanking I invested Rs.500 on monthly basis they gave around 7.5% of interest for the total amount. Now I withdrawn the benefits even there is no charges for pre matured as well. The online site is very convenient to invest the money.
    Was this review helpful? 1
    , chennai
    Reviewed on Sep 14, 2019
  • HDFC Bank Recurring Deposit
    "Can do better on the interest"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    Recently I opened HDFC recurring deposit, the interest rate is lesser around 7.25% fpr per annum, every month I activated ecs for Rs. 2000 it has the term of 18 months. There is no pre matured charges to take the liquidity. The online banking is convenient to check the RD transactions as well.
    Was this review helpful? 1
    , bangalore
    Reviewed on Sep 05, 2019
  • HDFC Bank Recurring Deposit
    "Really useful for the people for savings purpose."
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    HDFC People has provided me a RD account when i opened my salary account hence every month Rs. 1000 has been deducted from my account. I get a quick response from HDFC. Their interest rate is quite good. There is no additional charges and there is a lockin period of 18 months.
    Was this review helpful? 2
    , indore
    Reviewed on Sep 01, 2019
  • ICICI Bank Recurring Deposit
    "Best Investment"
    ICICI BANK
    0.5 5.0/5 "Blown Away!"
    I have been investing the money through recurring deposit. Since i have a salary account from ICICI, i have chosen the RD with them. I am investing Rs. 2000 every month and the rate of interest is 7.9% which is fine for me. Once the salary is credited to my amount, by next second automatically the amount is deducted from my account.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 31, 2019
  • HDFC Bank Recurring Deposit
    "Good Savings scheme"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have a basic recurring deposit in HDFC. In HDFC, they themselves deducting the money of Rs. 1000 every month for a recurring deposit. The interest rates are good which is more than 7%. There is no additional charges. There is no lockin period and i can canceled it any time. The time which i have chosen for 27 months.
    Was this review helpful? 4
    , chennai
    Reviewed on Aug 26, 2019
  • HDFC Bank Recurring Deposit
    "Good saving for future"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    When I opened salary account I got the RD along with that, I am investing the money on the monthly basis, the rate of interest for RD is good. They are doing auto deduct from the account balance, I can view the RD transaction through netbanking.
    Was this review helpful? 2
    , bangalore
    Reviewed on Aug 23, 2019
  • HDFC Bank Recurring Deposit
    "Good savings scheme"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have been maintaining Recurring Deposit account with HDFC, I have opt for one year of recurring deposit. I am investing the money of Rs.2000 per month, the interest rate is good as per th RBI guideline. There is no charges for holding this. Good saving and getting benefited from this.
    Was this review helpful? 3
    , bangalore
    Reviewed on Aug 22, 2019
  • Union Bank of India Recurring Deposit
    "Safe and Secured investment"
    UNION BANK OF INDIA
    0.5 4.0/5 "Great!"
    Currently Union of Bank is offering 7% of interest per annum for the recurring deposit investment. The online option is very good to make the deposits without going to the bank. I can deposit minimum of Rs. 500 to max period, I have option increase the tenure period as well.
    Was this review helpful? 1
    , mumbai
    Reviewed on Jul 29, 2019
  • HDFC Bank Recurring Deposit
    "Good for saving"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I have been maintaining RD account with HDFC, I have opt for one year of recurring deposit. I believe we can deposit Rs.5000 per month, the interest rate is good as per th RBI guideline. There is no charges for the liquidity before the maturity period it won't cover tax.
    Was this review helpful? 3
    , kolkata
    Reviewed on Jul 29, 2019
  • IDBI Recurring Deposit
    "With LIC, you can trust them even more"
    IDBI BANK
    0.5 3.0/5 "Satisfactory"
    The interest rate was good for Recurring Deposit. I believe, IDBI is providing around 8 to 9%. I have done it for one year before 2 years back. The bank is next to my place and their staffs were friendly. They are easily accessible and any queries will be solved in time.
    Was this review helpful? 4
    , bangalore
    Reviewed on Jul 26, 2019
  • SBI Recurring Deposit
    "Good investment plan"
    STATE BANK OF INDIA
    0.5 3.0/5 "Satisfactory"
    I am investing the amount of Rs. 1400 every month and the given interest rate is very low which is between 2 to 3%. For the saving purpose i have chosen this account. Through auto debit, I'm paying the amount. There is a lockin period for 1 year and there is a no service charges for my Recurring deposit.
    Was this review helpful? 6
    , bangalore
    Reviewed on Jul 25, 2019
  • ICICI Bank Recurring Deposit
    "Good"
    ICICI BANK
    0.5 4.0/5 "Great!"
    ICICI BANK is convenient to do my transactions with one bank and also the customer service is good so have opened my Recurring deposit account. Its been 4 to 5 years and the benefits are as per the market price. I could manage my account online.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 24, 2019
  • Axis Bank Recurring Deposit
    "GOOD"
    AXIS BANK
    0.5 5.0/5 "Blown Away!"
    I am using the AXIS BANK services since from last 7-8 months, the reason for getting the R.D was it was a salary account. The rate of interest was 7.25%, to open the account it is good. There is a application is good and it is good to use with the bank.
    Was this review helpful? 4
    , bangalore
    Reviewed on Jul 20, 2019
  • HDFC Bank Recurring Deposit
    "Good"
    HDFC BANK
    0.5 4.5/5 "Excellent!"
    I have invested my money with HDFC BANK. I can manage the recurring deposit account online. I have compared with the different bank but the rate of interest is more or less same. I never contacted the customer service. The locking period is one year.
    Was this review helpful? 4
    , gurgaon
    Reviewed on Jul 20, 2019
  • ICICI Bank Recurring Deposit
    "Good investment for future"
    ICICI BANK
    0.5 4.0/5 "Great!"
    I opened one year of recurring deposit with ICICI bank, on monthly basis I used to deposit Rs. 5000 even I have option to prolong the duration. The interest rate is good for the long term investment when compared to others. They are helpful in RD queries.
    Was this review helpful? 3
    , bangalore
    Reviewed on Jul 19, 2019
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