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.

provides different services to its customers some of them are Home loan,Personal loan,Car loan,Two Wheeler loan, Gold loan. You can get IFSC Code,MICR Code, Swift Code for NEFT, RTGF fund transfer.

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 NameRecurring Interest RatesRD RatesCalculate
Allahabad Bank5.15% to 4.95%
Andhra Bank5.50% to 5.00%
Bank Of Baroda5.25% to 4.90%
Bank Of India5.05% to 5.00%
Bank Of Maharashtra4.90% to 4.90%
Canara Bank5.25% to 5.10%
Central Bank Of India5.00% to 5.00%
Corporation Bank5.50% to 5.00%
Dena Bank5.25% to 4.90%
Idbi Bank5.25% to 5.05%
Indian Bank5.15% to 4.95%
Indian Overseas Bank5.20% to 5.15%
Oriental Bank Of Commerce5.25% to 5.00%
Punjab National Bank5.25% to 5.00%
Punjab And Sind Bank5.30% to 5.05%
State Bank Of India5.40% to 5.00%
State Bank Of Mysore5.40% to 5.00%
State Bank Of Hyderabad5.40% to 5.00%
State Bank Of Patiala5.40% to 5.00%
State Bank Of Travancore5.40% to 5.00%
State Bank Of Bikaner And Jaipur5.40% to 5.00%
Syndicate Bank5.25% to 5.10%
Uco Bank5.05% to 4.90%
Union Bank Of India5.50% to 5.00%
United Bank Of India5.25% to 5.00%
Vijaya Bank5.25% to 4.90%
Axis Bank5.75% to 5.10%
Bandhan Bank Limited5.00% to 5.50%
Catholic Syrian Bank Limited5.50% to 5.00%
City Union Bank Limited5.00% to 5.00%
Dcb Bank Limited5.95% to 5.55%
Dhanalakshmi Bank5.50% to 5.15%
Federal Bank5.60% to 5.10%
Hdfc Bank5.50% to 4.90%
Icici Bank Limited5.50% to 4.90%
Indusind Bank5.50% to 6.00%
Jammu And Kashmir Bank Limited5.30% to 5.10%
Karnataka Bank Limited5.50% to 5.10%
Karur Vysya Bank5.60% to 5.15%
Kotak Mahindra Bank Limited5.30% to 4.75%
Laxmi Vilas Bank5.75% to 5.00%
South Indian Bank5.50% to 5.20%
Tamilnad Mercantile Bank Limited5.25% to 5.50%
Yes Bank6.25% to 6.00%
Allahabad Bank5.60% to 5.30%
Andhra Bank6.70% to 6.30%
Bank Of Baroda5.65% to 5.50%
Bank Of India5.75% to 5.50%
Bank Of Maharashtra5.50% to 5.40%
Canara Bank7.00% to 6.50%
Central Bank Of India5.60% to 5.55%
Corporation Bank6.70% to 6.30%
Dena Bank5.65% to 5.50%
Idbi Bank6.10% to 6.25%
Indian Bank5.60% to 5.30%
Indian Overseas Bank5.85% to 5.70%
Oriental Bank Of Commerce6.10% to 6.30%
Punjab National Bank6.10% to 6.30%
Punjab And Sind Bank6.10% to 6.10%
State Bank Of India6.10% to 6.10%
State Bank Of Mysore6.10% to 6.10%
State Bank Of Hyderabad6.10% to 6.10%
State Bank Of Patiala6.10% to 6.10%
State Bank Of Travancore6.10% to 6.10%
State Bank Of Bikaner And Jaipur6.10% to 6.10%
Syndicate Bank7.00% to 6.50%
Uco Bank5.30% to 5.30%
Union Bank Of India6.70% to 6.30%
United Bank Of India6.10% to 6.30%
Vijaya Bank5.65% to 5.50%
Axis Bank6.10% to 6.10%
Bandhan Bank Limited5.60% to 7.00%
Catholic Syrian Bank Limited6.00% to 5.00%
City Union Bank Limited6.90% to 6.25%
Dcb Bank Limited7.00% to 6.75%
Dhanalakshmi Bank6.10% to 5.60%
Federal Bank6.00% to 5.60%
Hdfc Bank6.20% to 6.10%
Icici Bank Limited6.25% to 6.10%
Indusind Bank6.25% to 6.25%
Jammu And Kashmir Bank Limited6.00% to 6.25%
Karnataka Bank Limited5.80% to 6.40%
Karur Vysya Bank6.10% to 6.30%
Kotak Mahindra Bank Limited6.20% to 6.10%
Laxmi Vilas Bank6.25% to 6.00%
South Indian Bank6.00% to 6.40%
Tamilnad Mercantile Bank Limited5.75% to 5.50%
Yes Bank6.75% 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