Highest Interest Rate on Recurring Deposits (RD) November 2016

Recurring Account Key Features

  • One of the best way of investment of your savings which is offered by almost all the banks in India.
  • It facilitates small savings with flexible amounts and tenures.
  • It inculcates a regular habit of saving for future needs.
  • It is available from minimum of 6 months to a maximum of 10 years with monthly instalments of 12, 24, 36, 48, 60, 72, 84, 96, 108 and 120 months.
  • It can be opened for monthly instalments of Rs 100 and thereafter, in multiples of Rs 100.
  • Once the RD account becomes active, the customer can not change the amount of the installment or the tenure.
  • Standing instruction for transferring the monthly instalments from the customer's SB / CA account is accepted.
  • Very popular among the salaried class persons.
  • Best for those who can afford to save only a few thousand rupees per month.
  • Almost all the banks do quarterly compounding in case of RD.
  • On maturity date, the RD holder is paid the maturity value i.e. the principal and the interest earned.
  • RD accounts can be prematurely closed and banks generally deduct some penalty as per the clauses of the bank.
  • Partial withdrawals are not allowed.
  • A penalty is levied upon a delayed payment or missing installment.
  • Some banks have a loan facility against the RD on pledging the RD as collateral.
  • Nomination facaility is available.

Recurring Deposit Interest Rates for 1 Year

The highest interest rate is offered by the Bandhan Bank (for 12 months) at 8.25% and Ratnakar Bank (for 12 months) at 8% followed by The Nainital Bank (for 12 months) at 7.9%.

BankMaturity Period Interest Rate (p.a.)Calculate
Bandhan Bank Limited12 Months8.25%
Rbl Bank Limited12 Months8.00%
The Nainital Bank Limited12 Months7.90%
Idfc Bank Limited12 Months7.75%
City Union Bank Limited12 Months7.60%
State Bank Of Patiala12 Months7.57%
State Bank Of Mysore12 Months7.55%
Corporation Bank12 Months7.50%
Laxmi Vilas Bank12 Months7.50%
Syndicate Bank12 Months7.50%
Vijaya Bank12 Months7.50%
Dcb Bank Limited12 Months7.40%
Karnataka Bank Limited12 Months7.40%
Dhanalakshmi Bank12 Months7.35%
Indusind Bank12 Months7.35%
Karur Vysya Bank12 Months7.35%
Tamilnad Mercantile Bank Limited12 Months7.35%
Bank Of Baroda12 Months7.30%
Bank Of India12 Months7.30%
Bank Of Maharashtra12 Months7.30%
Catholic Syrian Bank Limited12 Months7.30%
Federal Bank12 Months7.30%
Idbi Bank 12 Months7.30%
Jammu And Kashmir Bank Limited12 Months7.30%
Union Bank Of India12 Months7.30%
Allahabad Bank12 Months7.25%
Axis Bank12 Months7.25%
Dena Bank12 Months7.25%
Icici Bank12 Months7.25%
Indian Overseas Bank12 Months7.25%
Kotak Mahindra Bank Limited12 Months7.25%
State Bank Of Bikaner And Jaipur12 Months7.25%
Standard Chartered Bank12 Months7.25%
Uco Bank12 Months7.25%
Yes Bank Limited12 Months7.25%
Punjab National Bank12 Months7.20%
Andhra Bank12 Months7.15%
Canara Bank12 Months7.15%
Oriental Bank Of Commerce12 Months7.15%
State Bank Of Travancore12 Months7.15%
Indian Bank12 Months7.10%
State Bank Of India12 Months7.05%
State Bank Of Hyderabad12 Months7.05%
Dbs Bank Ltd12 Months7.00%
Hdfc Bank12 Months7.00%
Deutsche Bank 12 Months6.25%
Citi Bank12 Months6.00%
Hsbc Bank12 Months6.00%

Recurring Deposit Interest Rates for 2 Year

The highest interest rate is offered by the Ratnakar Bank (for 2 years) at 8.25% and Bandhan Bank (for 2 years) at 8% followed by The Nainital Bank (for 2 years) at 7.9%.

BankMaturity Period Interest Rate (p.a.)Calculate
Rbl Bank Limited2 Years8.25%
Bandhan Bank Limited2 Years8.00%
The Nainital Bank Limited2 Years7.90%
Idfc Bank Limited2 Years7.75%
Dcb Bank Limited2 Years7.65%
Corporation Bank2 Years7.50%
Laxmi Vilas Bank2 Years7.50%
State Bank Of Mysore2 Years7.45%
Canara Bank2 Years7.40%
Karnataka Bank Limited2 Years7.40%
State Bank Of Patiala2 Years7.37%
Indusind Bank2 Years7.35%
Karur Vysya Bank2 Years7.35%
Union Bank Of India2 Years7.35%
Bank Of Baroda2 Years7.30%
Bank Of India2 Years7.30%
Bank Of Maharashtra2 Years7.30%
Catholic Syrian Bank Limited2 Years7.30%
Federal Bank2 Years7.30%
Jammu And Kashmir Bank Limited2 Years7.30%
Tamilnad Mercantile Bank Limited2 Years7.30%
Axis Bank2 Years7.25%
City Union Bank Limited2 Years7.25%
Dena Bank2 Years7.25%
Dhanalakshmi Bank2 Years7.25%
Icici Bank2 Years7.25%
Idbi Bank 2 Years7.25%
Kotak Mahindra Bank Limited2 Years7.25%
State Bank Of Bikaner And Jaipur2 Years7.25%
State Bank Of Travancore2 Years7.25%
Syndicate Bank2 Years7.25%
Uco Bank2 Years7.25%
Vijaya Bank2 Years7.25%
Yes Bank Limited2 Years7.25%
Andhra Bank2 Years7.15%
Allahabad Bank2 Years7.10%
Dbs Bank Ltd2 Years7.10%
Punjab National Bank2 Years7.05%
Deutsche Bank 2 Years7.00%
Hdfc Bank2 Years7.00%
Indian Bank2 Years7.00%
Indian Overseas Bank2 Years7.00%
Oriental Bank Of Commerce2 Years7.00%
State Bank Of India2 Years7.00%
Standard Chartered Bank2 Years7.00%
State Bank Of Hyderabad2 Years7.00%
Citi Bank2 Years6.25%
Hsbc Bank2 Years5.40%

Recurring Deposit Interest Rates for 3 Year

The highest interest rate is offered by the Ratnakar Bank (for 3 years) at 8% and Bandhan Bank (for 3 years) at 7.75% followed by The Nainital Bank (for 3 years) at 7.75%.

BankMaturity Period Interest Rate (p.a.)Calculate
Rbl Bank Limited3 Years8.00%
Bandhan Bank Limited3 Years7.75%
The Nainital Bank Limited3 Years7.75%
Dcb Bank Limited3 Years7.70%
Federal Bank3 Years7.50%
Idfc Bank Limited3 Years7.50%
Laxmi Vilas Bank3 Years7.50%
State Bank Of Mysore3 Years7.45%
Canara Bank3 Years7.40%
State Bank Of Patiala3 Years7.37%
Karur Vysya Bank3 Years7.35%
Union Bank Of India3 Years7.35%
Bank Of India3 Years7.30%
Catholic Syrian Bank Limited3 Years7.30%
Jammu And Kashmir Bank Limited3 Years7.30%
Tamilnad Mercantile Bank Limited3 Years7.30%
Axis Bank3 Years7.25%
Bank Of Baroda3 Years7.25%
Bank Of Maharashtra3 Years7.25%
City Union Bank Limited3 Years7.25%
Corporation Bank3 Years7.25%
Dena Bank3 Years7.25%
Deutsche Bank 3 Years7.25%
Dhanalakshmi Bank3 Years7.25%
Icici Bank3 Years7.25%
Idbi Bank 3 Years7.25%
Indusind Bank3 Years7.25%
Oriental Bank Of Commerce3 Years7.25%
Uco Bank3 Years7.25%
Vijaya Bank3 Years7.25%
Yes Bank Limited3 Years7.25%
Andhra Bank3 Years7.15%
Karnataka Bank Limited3 Years7.15%
Dbs Bank Ltd3 Years7.10%
Punjab National Bank3 Years7.05%
Allahabad Bank3 Years7.00%
Hdfc Bank3 Years7.00%
Indian Bank3 Years7.00%
Indian Overseas Bank3 Years7.00%
Kotak Mahindra Bank Limited3 Years7.00%
State Bank Of Bikaner And Jaipur3 Years7.00%
Standard Chartered Bank3 Years7.00%
State Bank Of Travancore3 Years7.00%
Syndicate Bank3 Years7.00%
State Bank Of India3 Years6.50%
State Bank Of Hyderabad3 Years6.50%
Citi Bank3 Years6.25%
Hsbc Bank3 Years6.00%

Recurring Deposit Interest Rates for 4 Year

The highest interest rate is offered by the Ratnakar Bank (for 4 years) at 8% and Bandhan Bank (for 4 years) at 7.75% followed by The Nainital Bank (for 4 years) at 7.75%.

BankMaturity Period Interest Rate (p.a.)Calculate
Rbl Bank Limited4 Years8.00%
Bandhan Bank Limited4 Years7.75%
The Nainital Bank Limited4 Years7.75%
Dcb Bank Limited4 Years7.70%
Idfc Bank Limited4 Years7.50%
Laxmi Vilas Bank4 Years7.50%
State Bank Of Mysore4 Years7.45%
Canara Bank4 Years7.40%
Union Bank Of India4 Years7.40%
State Bank Of Patiala4 Years7.37%
Karur Vysya Bank4 Years7.35%
Bank Of India4 Years7.30%
Catholic Syrian Bank Limited4 Years7.30%
Jammu And Kashmir Bank Limited4 Years7.30%
Tamilnad Mercantile Bank Limited4 Years7.30%
Axis Bank4 Years7.25%
Bank Of Maharashtra4 Years7.25%
City Union Bank Limited4 Years7.25%
Corporation Bank4 Years7.25%
Dena Bank4 Years7.25%
Deutsche Bank 4 Years7.25%
Federal Bank4 Years7.25%
Icici Bank4 Years7.25%
Idbi Bank 4 Years7.25%
Indusind Bank4 Years7.25%
Uco Bank4 Years7.25%
Vijaya Bank4 Years7.25%
Yes Bank Limited4 Years7.25%
Karnataka Bank Limited4 Years7.15%
Dbs Bank Ltd4 Years7.10%
Dhanalakshmi Bank4 Years7.10%
Punjab National Bank4 Years7.05%
Allahabad Bank4 Years7.00%
Bank Of Baroda4 Years7.00%
Hdfc Bank4 Years7.00%
Indian Bank4 Years7.00%
Indian Overseas Bank4 Years7.00%
Kotak Mahindra Bank Limited4 Years7.00%
Oriental Bank Of Commerce4 Years7.00%
State Bank Of Bikaner And Jaipur4 Years7.00%
Standard Chartered Bank4 Years7.00%
State Bank Of Travancore4 Years7.00%
Syndicate Bank4 Years7.00%
Andhra Bank4 Years6.75%
State Bank Of India4 Years6.50%
State Bank Of Hyderabad4 Years6.50%
Citi Bank4 Years6.25%
Hsbc Bank4 Years6.00%

Recurring Deposit Interest Rates for 5 Year

The highest interest rate is offered by the Deutsche Bank (for 5 years) at 8% and Ratnakar Bank (for 5 years) at 8% followed by DCB Bank (for 5 years) at 7.7%.

BankMaturity Period Interest Rate (p.a.)Calculate
Deutsche Bank 5 Years8.00%
Rbl Bank Limited5 Years8.00%
Dcb Bank Limited5 Years7.70%
Bandhan Bank Limited5 Years7.50%
Idfc Bank Limited5 Years7.50%
The Nainital Bank Limited5 Years7.50%
State Bank Of Mysore5 Years7.45%
Laxmi Vilas Bank5 Years7.40%
Union Bank Of India5 Years7.40%
State Bank Of Patiala5 Years7.37%
Karur Vysya Bank5 Years7.35%
Catholic Syrian Bank Limited5 Years7.30%
Tamilnad Mercantile Bank Limited5 Years7.30%
Axis Bank5 Years7.25%
Bank Of India5 Years7.25%
Bank Of Maharashtra5 Years7.25%
City Union Bank Limited5 Years7.25%
Corporation Bank5 Years7.25%
Federal Bank5 Years7.25%
Icici Bank5 Years7.25%
Idbi Bank 5 Years7.25%
Indusind Bank5 Years7.25%
Jammu And Kashmir Bank Limited5 Years7.25%
Uco Bank5 Years7.25%
Vijaya Bank5 Years7.25%
Yes Bank Limited5 Years7.25%
Dbs Bank Ltd5 Years7.20%
Karnataka Bank Limited5 Years7.15%
Dhanalakshmi Bank5 Years7.10%
Punjab National Bank5 Years7.05%
Allahabad Bank5 Years7.00%
Bank Of Baroda5 Years7.00%
Canara Bank5 Years7.00%
Dena Bank5 Years7.00%
Hdfc Bank5 Years7.00%
Indian Bank5 Years7.00%
Indian Overseas Bank5 Years7.00%
Kotak Mahindra Bank Limited5 Years7.00%
Oriental Bank Of Commerce5 Years7.00%
State Bank Of Bikaner And Jaipur5 Years7.00%
Standard Chartered Bank5 Years7.00%
State Bank Of Travancore5 Years7.00%
Syndicate Bank5 Years7.00%
Andhra Bank5 Years6.75%
State Bank Of India5 Years6.50%
State Bank Of Hyderabad5 Years6.50%
Citi Bank5 Years6.25%
Hsbc Bank5 Years0.00%

Upcoming Bank Holidays

2017 January 26 is a bank holiday in Andaman And Nicobar Island due to Republic Day.
2017 February 01 is a bank holiday in Andaman And Nicobar Island due to Saraswati Puja (Shree Panchami)/Basant Panchami.
2017 February 10 is a bank holiday in Chandigarh due to Guru Ravidas's Birthday.
2017 February 15 is a bank holiday in Manipur due to Lui Ngai-Niw.

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Bank Interest Rates

ALL INDIA BANKS LIST
AB Bank Ltd ABN-AMRO Bank N.V Abu Dhabi Commercial Bank Airtel Payments Bank Limited
Allahabad Bank American Express Banking Corp Andhra Bank Antwerp Diamond Bank NV
AXIS Bank Bandhan Bank Limited Bank Of America Bank Of Bahrain & Kuwait B.S.C
Bank Of Baroda Bank Of Ceylon Bank Of India Bank Of Maharashtra
Bank Of Nova Scotia Bank Of Tokyo Mitsubishi Limited Barclays Bank Bharatiya Mahila Bank
BNP Paribas Calyon Bank Canara Bank Catholic Syrian Bank Limited
Central Bank Of India Chinatrust Commercial Bank Limited Citi Bank City Union Bank Limited
Corporation Bank DBS Bank Ltd DCB Bank Limited Dena Bank
Deutsche Bank Dhanalakshmi Bank Equitas Small Finance Bank Limited Exim Bank Export Import Bank Of India
Federal Bank HDFC Bank HSBC Bank HSBC BANK OMAN SAOG
ICICI Bank IDBI Bank IDFC Bank Limited Indian Bank
Indian Overseas Bank IndusInd Bank Jammu And Kashmir Bank Limited JP Morgan Bank
JSC VTB Bank Karnataka Bank Limited Karur Vysya Bank Kotak Mahindra Bank Limited
Krung Thai Bank Public Co. Ltd Laxmi Vilas Bank Mashreqbank Psc Mizuho Corporate Bank Limited
Oman International Bank SAOG Oriental Bank Of Commerce Punjab And Sind Bank Punjab National Bank
RBL Bank Limited SBM Bank Mauritius Limited Shinhan Bank Societe Generale
Sonali Bank South Indian Bank Standard Chartered Bank State Bank Of Hyderabad
State Bank Of Patiala State Bank Of Bikaner And Jaipur State Bank Of India State Bank Of Mysore
State Bank Of Travancore Syndicate Bank Tamilnad Mercantile Bank Limited The Nainital Bank Limited
UBS AG UCO Bank Union Bank Of India United Bank Of India
Vijaya Bank Yes Bank Limited