Highest Recurring Deposit Interest Rates (2024)

Recurring Deposit Interest Rates for 1 Year (as on 2024)

BankInterest Rate (p.a.)Calculate
Indusind Bank7.75%
Yes Bank7.50%
Bandhan Bank 7.25%
Standard Chartered Bank7.25%
Dcb Bank 7.25%
Tamilnad Mercantile Bank 7.25%
Kotak Mahindra Bank 7.10%
Jammu And Kashmir Bank 7.10%
Bank Of India7.00%
Karur Vysya Bank7.00%
Disclaimer: The RD Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD. Source: Bank Websites

Recurring Deposit Interest Rates for 2 Years (as on 2024)

BankInterest Rate (p.a.)Calculate
Dcb Bank 8.00%
Indusind Bank7.75%
Idfc First Bank7.75%
Yes Bank7.75%
Deustche Bank7.50%
Standard Chartered Bank7.25%
Federal Bank7.25%
Bandhan Bank 7.25%
Laxmi Vilas Bank7.25%
Icici Bank 7.10%
Disclaimer: The RD Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD. Source: Bank Websites

Recurring Deposit Interest Rates for 3 Years (as on 2024)

BankInterest Rate (p.a.)Calculate
Dcb Bank 8.00%
Deustche Bank7.75%
Indusind Bank7.50%
Bandhan Bank 7.25%
Dena Bank7.05%
Vijaya Bank7.05%
Bank Of Baroda7.05%
Idfc First Bank7.00%
Icici Bank 7.00%
Hdfc Bank7.00%
Disclaimer: The RD Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD. Source: Bank Websites

Recurring Deposit Interest Rates for 4 Years (as on 2024)

BankInterest Rate (p.a.)Calculate
Dcb Bank 7.75%
Indusind Bank7.25%
Bandhan Bank 7.25%
Idfc First Bank7.00%
Icici Bank 7.00%
Hdfc Bank7.00%
Deustche Bank7.00%
Citi Bank7.00%
Yes Bank7.00%
Axis Bank7.00%
Disclaimer: The RD Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD. Source: Bank Websites

Recurring Deposit Interest Rates for 5 Years (as on 2024)

BankInterest Rate (p.a.)Calculate
Dcb Bank 7.75%
Deustche Bank7.25%
Indusind Bank7.25%
Citi Bank7.00%
Yes Bank7.00%
Axis Bank7.00%
Idfc First Bank7.00%
Icici Bank 7.00%
Hdfc Bank7.00%
Standard Chartered Bank6.75%
Disclaimer: The RD Interest Rates keep on changing. You are advised to check the interest rates with banks before making your FD. Source: Bank Websites

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.