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 February 24 is a bank holiday in Chandigarh due to Mahashivratri.
2017 February 27 is a bank holiday in Sikkim due to Losar.
2017 March 03 is a bank holiday in Mizoram due to Chapchar Kut.
2017 March 12 is a bank holiday in Jammu And Kashmir due to Holi (Jammu Province Only).

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