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NRO RD Interest Rates (as on 02 Jun 2023)

What is NRO RD Account?

NRO Recurring Deposit Account is an option for NRIs to make large sum by investing small sums every month on a regular and consistent basis over a period of time. It is maintained in Indian Rupees. Its tenure ranges from 6 months to 10 years.

One can make use of free internet banking facility offered for 24-hour access to his/ her RD account. Know the steps to open NRO RD Account.

Bank NRO recurring deposit Interest Rates (as on 02 Jun 2023). The NRO (Non Resident Ordinary) interest rates on recurring deposit depend on which category for example 1 year, 2 year, 3 year ... 5+ year, you fall under and your choice between different banks. To see all recurring deposit interest rates for selected bank, click on "All RD Rates" button listed below.

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Interest and Taxation

Interest earned on NRO RD is fully taxable and also subject to the applicable TDS (tax deduction at source). Depositor is required to pay tax on interest earned on this account. You can calculate the interest earned on NRO RD account using NRO RD Interest Calculator.

NRO RD Interest Rates (as on 02 Jun 2023)

Bank Name	Recurring Interest Rates	RD Rates	Calculate
Allahabad Bank	5.15% to 4.95%
Andhra Bank	5.50% to 5.00%
Bank Of Baroda	5.25% to 4.90%
Bank Of India	5.05% to 5.00%
Bank Of Maharashtra	4.90% to 4.90%
Canara Bank	5.25% to 5.10%
Central Bank Of India	5.00% to 5.00%
Corporation Bank	5.50% to 5.00%
Dena Bank	5.25% to 4.90%
Idbi Bank	5.25% to 5.05%
Indian Bank	5.15% to 4.95%
Indian Overseas Bank	5.20% to 5.15%
Oriental Bank Of Commerce	5.25% to 5.00%
Punjab National Bank	5.25% to 5.00%
Punjab And Sind Bank	5.30% to 5.05%
State Bank Of India	5.40% to 5.00%
State Bank Of Mysore	5.40% to 5.00%
State Bank Of Hyderabad	5.40% to 5.00%
State Bank Of Patiala	5.40% to 5.00%
State Bank Of Travancore	5.40% to 5.00%
State Bank Of Bikaner And Jaipur	5.40% to 5.00%
Syndicate Bank	5.25% to 5.10%
Uco Bank	5.05% to 4.90%
Union Bank Of India	5.50% to 5.00%
United Bank Of India	5.25% to 5.00%
Vijaya Bank	5.25% to 4.90%
Axis Bank	5.75% to 5.10%
Bandhan Bank Limited	5.00% to 5.50%
Catholic Syrian Bank Limited	5.50% to 5.00%
City Union Bank Limited	5.00% to 5.00%
Dcb Bank Limited	5.95% to 5.55%
Dhanalakshmi Bank	5.50% to 5.15%
Federal Bank	5.60% to 5.10%
Hdfc Bank	5.50% to 4.90%
Icici Bank Limited	5.50% to 4.90%
Indusind Bank	5.50% to 6.00%
Jammu And Kashmir Bank Limited	5.30% to 5.10%
Karnataka Bank Limited	5.50% to 5.10%
Karur Vysya Bank	5.60% to 5.15%
Kotak Mahindra Bank Limited	5.30% to 4.75%
Laxmi Vilas Bank	5.75% to 5.00%
South Indian Bank	5.50% to 5.20%
Tamilnad Mercantile Bank Limited	5.25% to 5.50%
Yes Bank	6.25% to 6.00%
Allahabad Bank	5.60% to 5.30%
Andhra Bank	6.70% to 6.30%
Bank Of Baroda	5.65% to 5.50%
Bank Of India	5.75% to 5.50%
Bank Of Maharashtra	5.50% to 5.40%
Canara Bank	7.00% to 6.50%
Central Bank Of India	5.60% to 5.55%
Corporation Bank	6.70% to 6.30%
Dena Bank	5.65% to 5.50%
Idbi Bank	6.10% to 6.25%
Indian Bank	5.60% to 5.30%
Indian Overseas Bank	5.85% to 5.70%
Oriental Bank Of Commerce	6.10% to 6.30%
Punjab National Bank	6.10% to 6.30%
Punjab And Sind Bank	6.10% to 6.10%
State Bank Of India	6.10% to 6.10%
State Bank Of Mysore	6.10% to 6.10%
State Bank Of Hyderabad	6.10% to 6.10%
State Bank Of Patiala	6.10% to 6.10%
State Bank Of Travancore	6.10% to 6.10%
State Bank Of Bikaner And Jaipur	6.10% to 6.10%
Syndicate Bank	7.00% to 6.50%
Uco Bank	5.30% to 5.30%
Union Bank Of India	6.70% to 6.30%
United Bank Of India	6.10% to 6.30%
Vijaya Bank	5.65% to 5.50%
Axis Bank	6.10% to 6.10%
Bandhan Bank Limited	5.60% to 7.00%
Catholic Syrian Bank Limited	6.00% to 5.00%
City Union Bank Limited	6.90% to 6.25%
Dcb Bank Limited	7.00% to 6.75%
Dhanalakshmi Bank	6.10% to 5.60%
Federal Bank	6.00% to 5.60%
Hdfc Bank	6.20% to 6.10%
Icici Bank Limited	6.25% to 6.10%
Indusind Bank	6.25% to 6.25%
Jammu And Kashmir Bank Limited	6.00% to 6.25%
Karnataka Bank Limited	5.80% to 6.40%
Karur Vysya Bank	6.10% to 6.30%
Kotak Mahindra Bank Limited	6.20% to 6.10%
Laxmi Vilas Bank	6.25% to 6.00%
South Indian Bank	6.00% to 6.40%
Tamilnad Mercantile Bank Limited	5.75% to 5.50%
Yes Bank	6.75% to 6.25%

Disclaimer: The NRO Recurring Deposit Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD. Source: Bank Websites