Highest Recurring Deposit Interest Rates (20 Feb 2019)

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 (as on 20 Feb 2019)

The highest interest rate is offered by ESAF Small Finance Bank (for 12 months) at 8.75% and Suryoday Small Finance Bank (for 12 months) at 8.50% followed by Utkarsh Small Finance Bank (for 12 months) at 8.25%.

BankMaturity Period Interest Rate (p.a.)Calculate
Esaf Small Finance Bank Limited12 Months8.75%
Equitas Small Finance Bank Limited12 Months8.50%
North East Small Finance Bank Limited12 Months8.50%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Ujjivan Small Finance Bank Limited12 Months8.30%
Indusind Bank12 Months8.00%
Rbl Bank Limited12 Months8.00%
Fincare Small Finance Bank Ltd12 Months8.00%
The Nainital Bank Limited12 Months7.90%
Capital Small Finance Bank Limited12 Months7.65%
Laxmi Vilas Bank12 Months7.60%
Dbs Bank Ltd12 Months7.50%
Karnataka Bank Limited12 Months7.50%
Standard Chartered Bank12 Months7.40%
Tamilnad Mercantile Bank Limited12 Months7.40%
Bandhan Bank Limited12 Months7.35%
City Union Bank Limited12 Months7.35%
Axis Bank12 Months7.30%
Federal Bank12 Months7.30%
Hdfc Bank12 Months7.30%
Jammu And Kashmir Bank Limited12 Months7.30%
Kotak Mahindra Bank Limited12 Months7.30%
Idbi Bank12 Months7.25%
Karur Vysya Bank12 Months7.25%
Yes Bank12 Months7.25%
Canara Bank12 Months7.00%
Catholic Syrian Bank Limited12 Months7.00%
Dcb Bank Limited12 Months7.00%
Dhanalakshmi Bank12 Months7.00%
Idfc Bank Limited12 Months7.00%
Oriental Bank Of Commerce12 Months7.00%
Punjab And Sind Bank12 Months7.00%
Au Small Finance Bank Limited12 Months7.00%
Icici Bank Limited12 Months6.90%
South Indian Bank12 Months6.90%
Chinatrust Commercial Bank Limited12 Months6.90%
State Bank Of Bikaner And Jaipur12 Months6.80%
State Bank Of India12 Months6.80%
State Bank Of Mysore12 Months6.80%
State Bank Of Patiala12 Months6.80%
State Bank Of Travancore12 Months6.80%
Vijaya Bank12 Months6.80%
Allahabad Bank12 Months6.75%
Indian Bank12 Months6.75%
Punjab National Bank12 Months6.75%
Union Bank Of India12 Months6.75%
Bank Of Baroda12 Months6.70%
Syndicate Bank12 Months6.70%
Bank Of India12 Months6.65%
Corporation Bank12 Months6.65%
Andhra Bank12 Months6.60%
Central Bank Of India12 Months6.60%
Indian Overseas Bank12 Months6.60%
Uco Bank12 Months6.60%
Bank Of Maharashtra12 Months6.50%
United Bank Of India12 Months6.50%
Deustche Bank12 Months6.50%
Citi Bank12 Months6.25%
Hsbc Bank12 Months5.00%

Recurring Deposit Interest Rates for 2 Years (as on 20 Feb 2019)

The highest interest rate is offered by Fincare Small Finance Bank (for 2 years) at 8.75% and North East Small Finance Bank (for 2 years) at 8.50% followed by Suryoday Small Finance Bank (for 2 years) at 8.50%.

BankMaturity Period Interest Rate (p.a.)Calculate
Equitas Small Finance Bank Limited2 Years8.75%
Fincare Small Finance Bank Ltd2 Years8.75%
Suryoday Small Finance Bank2 Years8.50%
Ujjivan Small Finance Bank Limited2 Years8.30%
Au Small Finance Bank Limited2 Years8.25%
Rbl Bank Limited2 Years8.05%
Deustche Bank2 Years8.00%
Esaf Small Finance Bank Limited2 Years8.00%
North East Small Finance Bank Limited2 Years8.00%
The Nainital Bank Limited2 Years7.90%
Utkarsh Small Finance Bank2 Years7.85%
Capital Small Finance Bank Limited2 Years7.65%
Laxmi Vilas Bank2 Years7.60%
South Indian Bank2 Years7.60%
Axis Bank2 Years7.50%
Dcb Bank Limited2 Years7.50%
Idfc Bank Limited2 Years7.50%
Indusind Bank2 Years7.50%
Karnataka Bank Limited2 Years7.50%
Bandhan Bank Limited2 Years7.40%
City Union Bank Limited2 Years7.35%
Federal Bank2 Years7.30%
Hdfc Bank2 Years7.30%
Jammu And Kashmir Bank Limited2 Years7.30%
Karur Vysya Bank2 Years7.25%
Kotak Mahindra Bank Limited2 Years7.25%
Yes Bank2 Years7.25%
Idbi Bank2 Years7.20%
Icici Bank Limited2 Years7.10%
Chinatrust Commercial Bank Limited2 Years7.05%
Dbs Bank Ltd2 Years7.00%
Dhanalakshmi Bank2 Years7.00%
Punjab And Sind Bank2 Years7.00%
Standard Chartered Bank2 Years7.00%
Tamilnad Mercantile Bank Limited2 Years7.00%
Andhra Bank2 Years6.80%
Bank Of Baroda2 Years6.80%
State Bank Of Bikaner And Jaipur2 Years6.80%
State Bank Of India2 Years6.80%
State Bank Of Mysore2 Years6.80%
State Bank Of Patiala2 Years6.80%
State Bank Of Travancore2 Years6.80%
Vijaya Bank2 Years6.80%
Catholic Syrian Bank Limited2 Years6.75%
Indian Overseas Bank2 Years6.75%
Oriental Bank Of Commerce2 Years6.75%
Punjab National Bank2 Years6.75%
Syndicate Bank2 Years6.75%
Bank Of India2 Years6.70%
Canara Bank2 Years6.70%
Allahabad Bank2 Years6.60%
Bank Of Maharashtra2 Years6.50%
Central Bank Of India2 Years6.50%
Corporation Bank2 Years6.50%
Indian Bank2 Years6.50%
Uco Bank2 Years6.50%
Union Bank Of India2 Years6.50%
United Bank Of India2 Years6.25%
Hsbc Bank2 Years6.25%
Citi Bank2 Years6.00%

Recurring Deposit Interest Rates for 3 Years (as on 20 Feb 2019)

The highest interest rate is offered by Fincare Small Finance Bank (for 3 years) at 9% and Suryoday Small Finance Bank (for 3 years) at 8.75% followed by The Nainital Bank (for 3 years) at 7.75%.

BankMaturity Period Interest Rate (p.a.)Calculate
Fincare Small Finance Bank Ltd3 Years9.00%
Equitas Small Finance Bank Limited3 Years8.80%
Suryoday Small Finance Bank3 Years8.75%
Au Small Finance Bank Limited3 Years8.50%
Dcb Bank Limited3 Years8.05%
Idfc Bank Limited3 Years8.00%
Laxmi Vilas Bank3 Years7.75%
The Nainital Bank Limited3 Years7.75%
Capital Small Finance Bank Limited3 Years7.65%
Rbl Bank Limited3 Years7.60%
South Indian Bank3 Years7.60%
Deustche Bank3 Years7.50%
Icici Bank Limited3 Years7.50%
Indusind Bank3 Years7.50%
Ujjivan Small Finance Bank Limited3 Years7.50%
Bandhan Bank Limited3 Years7.40%
Hdfc Bank3 Years7.40%
City Union Bank Limited3 Years7.35%
Jammu And Kashmir Bank Limited3 Years7.30%
Axis Bank3 Years7.25%
Federal Bank3 Years7.25%
Yes Bank3 Years7.25%
North East Small Finance Bank Limited3 Years7.25%
Syndicate Bank3 Years7.15%
Kotak Mahindra Bank Limited3 Years7.10%
Chinatrust Commercial Bank Limited3 Years7.05%
Citi Bank3 Years7.00%
Dbs Bank Ltd3 Years7.00%
Karnataka Bank Limited3 Years7.00%
Karur Vysya Bank3 Years7.00%
Esaf Small Finance Bank Limited3 Years7.00%
Utkarsh Small Finance Bank3 Years7.00%
Tamilnad Mercantile Bank Limited3 Years6.90%
Idbi Bank3 Years6.85%
Indian Overseas Bank3 Years6.80%
State Bank Of Bikaner And Jaipur3 Years6.80%
State Bank Of India3 Years6.80%
State Bank Of Mysore3 Years6.80%
State Bank Of Patiala3 Years6.80%
State Bank Of Travancore3 Years6.80%
Vijaya Bank3 Years6.80%
Andhra Bank3 Years6.75%
Punjab National Bank3 Years6.75%
Bank Of Baroda3 Years6.70%
Oriental Bank Of Commerce3 Years6.70%
Union Bank Of India3 Years6.70%
Punjab And Sind Bank3 Years6.55%
Allahabad Bank3 Years6.50%
Bank Of India3 Years6.50%
Bank Of Maharashtra3 Years6.50%
Catholic Syrian Bank Limited3 Years6.50%
Central Bank Of India3 Years6.50%
Corporation Bank3 Years6.50%
Dhanalakshmi Bank3 Years6.50%
Standard Chartered Bank3 Years6.50%
Uco Bank3 Years6.50%
United Bank Of India3 Years6.25%
Canara Bank3 Years6.20%
Indian Bank3 Years6.00%
Hsbc Bank3 Years5.00%

Recurring Deposit Interest Rates for 4 Years (as on 20 Feb 2019)

The highest interest rate is offered by Fincare Small Finance Bank (for 4 years) at 8% and The Nainital Bank (for 4 years) at 7.75% followed by Suryoday Small Finance Bank (for 4 years) at 7.75%.

BankMaturity Period Interest Rate (p.a.)Calculate
Idfc Bank Limited4 Years8.25%
Au Small Finance Bank Limited4 Years8.00%
Fincare Small Finance Bank Ltd4 Years8.00%
Suryoday Small Finance Bank4 Years8.00%
Dcb Bank Limited4 Years7.75%
Laxmi Vilas Bank4 Years7.75%
The Nainital Bank Limited4 Years7.75%
Capital Small Finance Bank Limited4 Years7.65%
Rbl Bank Limited4 Years7.60%
Deustche Bank4 Years7.50%
Indusind Bank4 Years7.50%
Bandhan Bank Limited4 Years7.40%
City Union Bank Limited4 Years7.35%
Jammu And Kashmir Bank Limited4 Years7.30%
Axis Bank4 Years7.25%
Federal Bank4 Years7.25%
Hdfc Bank4 Years7.25%
Icici Bank Limited4 Years7.25%
Yes Bank4 Years7.25%
North East Small Finance Bank Limited4 Years7.25%
Syndicate Bank4 Years7.15%
Chinatrust Commercial Bank Limited4 Years7.05%
Dbs Bank Ltd4 Years7.00%
Karnataka Bank Limited4 Years7.00%
Karur Vysya Bank4 Years7.00%
Kotak Mahindra Bank Limited4 Years7.00%
South Indian Bank4 Years7.00%
Equitas Small Finance Bank Limited4 Years7.00%
Esaf Small Finance Bank Limited4 Years7.00%
Ujjivan Small Finance Bank Limited4 Years7.00%
Utkarsh Small Finance Bank4 Years7.00%
Tamilnad Mercantile Bank Limited4 Years6.90%
Idbi Bank4 Years6.85%
Union Bank Of India4 Years6.85%
Indian Overseas Bank4 Years6.80%
State Bank Of Bikaner And Jaipur4 Years6.80%
State Bank Of India4 Years6.80%
State Bank Of Mysore4 Years6.80%
State Bank Of Patiala4 Years6.80%
State Bank Of Travancore4 Years6.80%
Vijaya Bank4 Years6.80%
Andhra Bank4 Years6.75%
Oriental Bank Of Commerce4 Years6.75%
Bank Of Baroda4 Years6.70%
Punjab And Sind Bank4 Years6.55%
Allahabad Bank4 Years6.50%
Bank Of India4 Years6.50%
Bank Of Maharashtra4 Years6.50%
Catholic Syrian Bank Limited4 Years6.50%
Central Bank Of India4 Years6.50%
Corporation Bank4 Years6.50%
Dhanalakshmi Bank4 Years6.50%
Standard Chartered Bank4 Years6.50%
Uco Bank4 Years6.50%
Punjab National Bank4 Years6.25%
Canara Bank4 Years6.20%
Citi Bank4 Years6.00%
United Bank Of India4 Years6.00%
Indian Bank4 Years6.00%

Recurring Deposit Interest Rates for 5 Years (as on 20 Feb 2019)

The highest interest rate is offered by Fincare Small Finance Bank (for 5 years) at 8% and Utkarsh Small Finance Bank (for 5 years) at 8% followed by Suryoday Small Finance Bank (for 5 years) at 7.75%.

BankMaturity Period Interest Rate (p.a.)Calculate
Deustche Bank5 Years8.25%
Idfc Bank Limited5 Years8.25%
Suryoday Small Finance Bank5 Years8.25%
Au Small Finance Bank Limited5 Years8.00%
Fincare Small Finance Bank Ltd5 Years8.00%
Utkarsh Small Finance Bank5 Years8.00%
Dcb Bank Limited5 Years7.75%
Laxmi Vilas Bank5 Years7.75%
Rbl Bank Limited5 Years7.60%
Dbs Bank Ltd5 Years7.50%
Indusind Bank5 Years7.50%
The Nainital Bank Limited5 Years7.50%
Capital Small Finance Bank Limited5 Years7.50%
City Union Bank Limited5 Years7.35%
Federal Bank5 Years7.25%
Hdfc Bank5 Years7.25%
Icici Bank Limited5 Years7.25%
Yes Bank5 Years7.25%
Chinatrust Commercial Bank Limited5 Years7.05%
Axis Bank5 Years7.00%
Karnataka Bank Limited5 Years7.00%
Karur Vysya Bank5 Years7.00%
Equitas Small Finance Bank Limited5 Years7.00%
Esaf Small Finance Bank Limited5 Years7.00%
Ujjivan Small Finance Bank Limited5 Years7.00%
Tamilnad Mercantile Bank Limited5 Years6.90%
Idbi Bank5 Years6.85%
State Bank Of Bikaner And Jaipur5 Years6.85%
State Bank Of India5 Years6.85%
State Bank Of Mysore5 Years6.85%
State Bank Of Patiala5 Years6.85%
State Bank Of Travancore5 Years6.85%
Union Bank Of India5 Years6.85%
Indian Overseas Bank5 Years6.80%
Vijaya Bank5 Years6.80%
Oriental Bank Of Commerce5 Years6.75%
North East Small Finance Bank Limited5 Years6.75%
Bank Of Baroda5 Years6.70%
Punjab And Sind Bank5 Years6.55%
Allahabad Bank5 Years6.50%
Andhra Bank5 Years6.50%
Bank Of India5 Years6.50%
Bank Of Maharashtra5 Years6.50%
Catholic Syrian Bank Limited5 Years6.50%
Central Bank Of India5 Years6.50%
Corporation Bank5 Years6.50%
Dhanalakshmi Bank5 Years6.50%
Jammu And Kashmir Bank Limited5 Years6.50%
Kotak Mahindra Bank Limited5 Years6.50%
Standard Chartered Bank5 Years6.50%
South Indian Bank5 Years6.50%
Syndicate Bank5 Years6.50%
Uco Bank5 Years6.50%
Bandhan Bank Limited5 Years6.40%
Punjab National Bank5 Years6.25%
Canara Bank5 Years6.20%
Citi Bank5 Years6.00%
United Bank Of India5 Years6.00%
Indian Bank5 Years6.00%

Upcoming Bank Holidays

2019 February 23 is a bank holiday in Andaman And Nicobar Island due to 4th Saturday Bank Holiday.
2019 March 04 is a bank holiday in Andaman And Nicobar Island due to Maha Shivratri.
2019 March 04 is a bank holiday in Chandigarh due to Maha Shivaratri.
2019 March 09 is a bank holiday in Andaman And Nicobar Island due to 2nd Saturday Bank Holiday.
2019 March 20 is a bank holiday in Assam due to Dol Jatra.
2019 March 20 is a bank holiday in Jharkhand due to Holika Dahan.

Highest FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 12 Months8.75%
North East Small Finance Bank 12 Months8.50%
Suryoday Small Finance Bank12 Months8.50%
Utkarsh Small Finance Bank12 Months8.50%
Equitas Small Finance Bank 12 Months8.50%
Ujjivan Small Finance Bank 12 Months8.30%
Fincare Small Finance Bank Ltd12 Months8.00%
Rbl Bank 12 Months8.00%
Indusind Bank12 Months8.00%
The Nainital Bank 12 Months7.90%

Senior Citizen FD Interest Rates

Bank NameTenureInterest(p.a.)
Esaf Small Finance Bank 1 Year9.25%
North East Small Finance Bank 1 Year9.00%
Suryoday Small Finance Bank1 Year9.00%
Utkarsh Small Finance Bank1 Year9.00%
Equitas Small Finance Bank 1 Year9.25%
Ujjivan Small Finance Bank 1 Year8.80%
Fincare Small Finance Bank Ltd1 Year8.50%
Rbl Bank 1 Year8.50%
Indusind Bank1 Year8.50%
The Nainital Bank 1 Year8.40%

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