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Highest Recurring Deposit Interest Rates (26 Jan 2021)

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 26 Jan 2021)

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
North East Small Finance Bank Limited12 Months7.50%
Abu Dhabi Commercial Bank12 Months7.50%
Utkarsh Small Finance Bank12 Months7.25%
Suryoday Small Finance Bank12 Months7.25%
Equitas Small Finance Bank Limited12 Months7.10%
Rbl Bank Limited12 Months7.00%
Esaf Small Finance Bank Limited12 Months7.00%
Indusind Bank12 Months7.00%
Fincare Small Finance Bank Ltd12 Months6.95%
Yes Bank12 Months6.75%
Allahabad Bank12 Months6.75%
Idfc Bank Limited12 Months6.75%
Bharatiya Mahila Bank Limited12 Months6.70%
Ujjivan Small Finance Bank Limited12 Months6.50%
A B Bank Limited12 Months6.50%
Dcb Bank Limited12 Months6.50%
United Bank Of India12 Months6.50%
Capital Small Finance Bank Limited12 Months6.50%
Standard Chartered Bank12 Months6.30%
Laxmi Vilas Bank12 Months6.00%
Tamilnad Mercantile Bank Limited12 Months5.90%
Bandhan Bank Limited12 Months5.75%
Punjab And Sind Bank12 Months5.55%
Karnataka Bank Limited12 Months5.50%
Karur Vysya Bank12 Months5.50%
Au Small Finance Bank Limited12 Months5.50%
City Union Bank Limited12 Months5.50%
South Indian Bank12 Months5.50%
Syndicate Bank12 Months5.50%
Federal Bank12 Months5.45%
The Nainital Bank Limited12 Months5.40%
Andhra Bank12 Months5.40%
Union Bank Of India12 Months5.40%
Canara Bank12 Months5.40%
Corporation Bank12 Months5.40%
Bank Of India12 Months5.35%
Indian Overseas Bank12 Months5.30%
Dhanalakshmi Bank12 Months5.25%
Catholic Syrian Bank Limited12 Months5.25%
Oriental Bank Of Commerce12 Months5.25%
Indian Bank12 Months5.25%
Punjab National Bank12 Months5.25%
Idbi Bank12 Months5.20%
Axis Bank12 Months5.20%
Vijaya Bank12 Months5.10%
State Bank Of Mysore12 Months5.10%
Bank Of Baroda12 Months5.10%
Jammu And Kashmir Bank Limited12 Months5.10%
State Bank Of Patiala12 Months5.10%
Dena Bank12 Months5.10%
State Bank Of Bikaner And Jaipur12 Months5.10%
Hdfc Bank12 Months5.10%
State Bank Of Travancore12 Months5.10%
State Bank Of India12 Months5.10%
Central Bank Of India12 Months5.00%
Uco Bank12 Months5.00%
Bank Of Maharashtra12 Months5.00%
Icici Bank Limited12 Months5.00%
Kotak Mahindra Bank Limited12 Months4.75%
Dbs Bank Ltd12 Months4.15%
B N P Paribas12 Months4.00%
Deustche Bank12 Months4.00%
Chinatrust Commercial Bank Limited12 Months3.90%
Hsbc Bank12 Months3.25%
Citi Bank12 Months3.00%

Recurring Deposit Interest Rates for 2 Years (as on 26 Jan 2021)

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
North East Small Finance Bank Limited2 Years8.00%
Abu Dhabi Commercial Bank2 Years7.50%
Suryoday Small Finance Bank2 Years7.25%
Utkarsh Small Finance Bank2 Years7.25%
Equitas Small Finance Bank Limited2 Years7.10%
Fincare Small Finance Bank Ltd2 Years7.10%
Indusind Bank2 Years7.00%
Rbl Bank Limited2 Years7.00%
Dcb Bank Limited2 Years6.80%
Yes Bank2 Years6.75%
Bharatiya Mahila Bank Limited2 Years6.75%
Idfc Bank Limited2 Years6.75%
Esaf Small Finance Bank Limited2 Years6.75%
Allahabad Bank2 Years6.60%
Capital Small Finance Bank Limited2 Years6.50%
Ujjivan Small Finance Bank Limited2 Years6.50%
Au Small Finance Bank Limited2 Years6.50%
United Bank Of India2 Years6.25%
Standard Chartered Bank2 Years6.20%
Bandhan Bank Limited2 Years6.00%
Laxmi Vilas Bank2 Years6.00%
A B Bank Limited2 Years6.00%
Tamilnad Mercantile Bank Limited2 Years5.90%
City Union Bank Limited2 Years5.75%
Punjab And Sind Bank2 Years5.55%
The Nainital Bank Limited2 Years5.50%
Karnataka Bank Limited2 Years5.50%
Karur Vysya Bank2 Years5.50%
South Indian Bank2 Years5.50%
Axis Bank2 Years5.50%
Federal Bank2 Years5.45%
Corporation Bank2 Years5.40%
Andhra Bank2 Years5.40%
Union Bank Of India2 Years5.40%
Canara Bank2 Years5.35%
Syndicate Bank2 Years5.35%
Indian Overseas Bank2 Years5.35%
Idbi Bank2 Years5.30%
Dhanalakshmi Bank2 Years5.25%
Catholic Syrian Bank Limited2 Years5.25%
Bank Of India2 Years5.25%
Oriental Bank Of Commerce2 Years5.25%
Punjab National Bank2 Years5.25%
Jammu And Kashmir Bank Limited2 Years5.20%
Indian Bank2 Years5.15%
Icici Bank Limited2 Years5.10%
Vijaya Bank2 Years5.10%
State Bank Of Mysore2 Years5.10%
Bank Of Baroda2 Years5.10%
State Bank Of Patiala2 Years5.10%
Dena Bank2 Years5.10%
State Bank Of Bikaner And Jaipur2 Years5.10%
Hdfc Bank2 Years5.10%
State Bank Of Travancore2 Years5.10%
State Bank Of India2 Years5.10%
Central Bank Of India2 Years5.00%
Uco Bank2 Years5.00%
Bank Of Maharashtra2 Years5.00%
Kotak Mahindra Bank Limited2 Years4.90%
Deustche Bank2 Years4.50%
Chinatrust Commercial Bank Limited2 Years4.40%
Dbs Bank Ltd2 Years4.35%
B N P Paribas2 Years4.00%
Hsbc Bank2 Years3.75%
Citi Bank2 Years3.25%

Recurring Deposit Interest Rates for 3 Years (as on 26 Jan 2021)

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
Suryoday Small Finance Bank3 Years8.10%
North East Small Finance Bank Limited3 Years8.00%
Abu Dhabi Commercial Bank3 Years7.50%
Rbl Bank Limited3 Years7.25%
Utkarsh Small Finance Bank3 Years7.25%
Fincare Small Finance Bank Ltd3 Years7.20%
Equitas Small Finance Bank Limited3 Years7.15%
Dcb Bank Limited3 Years6.95%
Bharatiya Mahila Bank Limited3 Years6.80%
Indusind Bank3 Years6.75%
Yes Bank3 Years6.75%
Idfc Bank Limited3 Years6.75%
Au Small Finance Bank Limited3 Years6.75%
Capital Small Finance Bank Limited3 Years6.50%
Allahabad Bank3 Years6.50%
Esaf Small Finance Bank Limited3 Years6.50%
United Bank Of India3 Years6.25%
Ujjivan Small Finance Bank Limited3 Years6.05%
Standard Chartered Bank3 Years6.00%
Laxmi Vilas Bank3 Years6.00%
A B Bank Limited3 Years6.00%
City Union Bank Limited3 Years5.75%
Bandhan Bank Limited3 Years5.75%
Catholic Syrian Bank Limited3 Years5.75%
Tamilnad Mercantile Bank Limited3 Years5.75%
Karnataka Bank Limited3 Years5.65%
Karur Vysya Bank3 Years5.65%
South Indian Bank3 Years5.60%
Federal Bank3 Years5.60%
Punjab And Sind Bank3 Years5.55%
Axis Bank3 Years5.50%
Dhanalakshmi Bank3 Years5.50%
The Nainital Bank Limited3 Years5.50%
Corporation Bank3 Years5.40%
Andhra Bank3 Years5.40%
Union Bank Of India3 Years5.40%
Indian Overseas Bank3 Years5.35%
Canara Bank3 Years5.30%
Syndicate Bank3 Years5.30%
State Bank Of Mysore3 Years5.30%
Idbi Bank3 Years5.30%
Jammu And Kashmir Bank Limited3 Years5.30%
State Bank Of Patiala3 Years5.30%
State Bank Of Bikaner And Jaipur3 Years5.30%
State Bank Of Travancore3 Years5.30%
State Bank Of India3 Years5.30%
Punjab National Bank3 Years5.25%
Bank Of India3 Years5.25%
Oriental Bank Of Commerce3 Years5.25%
Hdfc Bank3 Years5.20%
Indian Bank3 Years5.15%
Icici Bank Limited3 Years5.10%
Vijaya Bank3 Years5.10%
Bank Of Baroda3 Years5.10%
Central Bank Of India3 Years5.10%
Dena Bank3 Years5.10%
Uco Bank3 Years5.00%
Bank Of Maharashtra3 Years5.00%
Kotak Mahindra Bank Limited3 Years4.90%
Chinatrust Commercial Bank Limited3 Years4.75%
Deustche Bank3 Years4.75%
Dbs Bank Ltd3 Years4.70%
Hsbc Bank3 Years4.00%
Citi Bank3 Years3.80%

Recurring Deposit Interest Rates for 4 Years (as on 26 Jan 2021)

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
Suryoday Small Finance Bank4 Years7.75%
Abu Dhabi Commercial Bank4 Years7.65%
Fincare Small Finance Bank Ltd4 Years7.30%
Utkarsh Small Finance Bank4 Years7.25%
North East Small Finance Bank Limited4 Years7.00%
Dcb Bank Limited4 Years6.95%
Bharatiya Mahila Bank Limited4 Years6.80%
Indusind Bank4 Years6.75%
Equitas Small Finance Bank Limited4 Years6.75%
Rbl Bank Limited4 Years6.75%
Yes Bank4 Years6.75%
Idfc Bank Limited4 Years6.75%
Allahabad Bank4 Years6.50%
Esaf Small Finance Bank Limited4 Years6.50%
Au Small Finance Bank Limited4 Years6.50%
Capital Small Finance Bank Limited4 Years6.50%
Laxmi Vilas Bank4 Years6.00%
A B Bank Limited4 Years6.00%
United Bank Of India4 Years6.00%
Standard Chartered Bank4 Years6.00%
Ujjivan Small Finance Bank Limited4 Years5.80%
Bandhan Bank Limited4 Years5.75%
Catholic Syrian Bank Limited4 Years5.75%
Tamilnad Mercantile Bank Limited4 Years5.75%
Karnataka Bank Limited4 Years5.65%
Karur Vysya Bank4 Years5.65%
Federal Bank4 Years5.60%
South Indian Bank4 Years5.60%
Punjab And Sind Bank4 Years5.55%
Dhanalakshmi Bank4 Years5.50%
The Nainital Bank Limited4 Years5.50%
City Union Bank Limited4 Years5.50%
Axis Bank4 Years5.50%
Andhra Bank4 Years5.45%
Union Bank Of India4 Years5.45%
Corporation Bank4 Years5.45%
Hdfc Bank4 Years5.35%
Indian Overseas Bank4 Years5.35%
Icici Bank Limited4 Years5.35%
Vijaya Bank4 Years5.30%
State Bank Of Mysore4 Years5.30%
Idbi Bank4 Years5.30%
Bank Of Baroda4 Years5.30%
Jammu And Kashmir Bank Limited4 Years5.30%
State Bank Of Patiala4 Years5.30%
Dena Bank4 Years5.30%
State Bank Of Bikaner And Jaipur4 Years5.30%
State Bank Of Travancore4 Years5.30%
Oriental Bank Of Commerce4 Years5.30%
State Bank Of India4 Years5.30%
Punjab National Bank4 Years5.30%
Canara Bank4 Years5.30%
Syndicate Bank4 Years5.30%
Bank Of India4 Years5.25%
Indian Bank4 Years5.15%
Central Bank Of India4 Years5.10%
Deustche Bank4 Years5.00%
Bank Of Maharashtra4 Years5.00%
Uco Bank4 Years4.95%
Dbs Bank Ltd4 Years4.90%
Chinatrust Commercial Bank Limited4 Years4.75%
Kotak Mahindra Bank Limited4 Years4.75%
Hsbc Bank4 Years4.00%
Citi Bank4 Years3.90%

Recurring Deposit Interest Rates for 5 Years (as on 26 Jan 2021)

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
Suryoday Small Finance Bank5 Years8.25%
Abu Dhabi Commercial Bank5 Years7.65%
Utkarsh Small Finance Bank5 Years7.25%
Dcb Bank Limited5 Years6.95%
Bharatiya Mahila Bank Limited5 Years6.85%
Indusind Bank5 Years6.75%
Equitas Small Finance Bank Limited5 Years6.75%
Rbl Bank Limited5 Years6.75%
Yes Bank5 Years6.75%
Idfc Bank Limited5 Years6.75%
Allahabad Bank5 Years6.50%
Fincare Small Finance Bank Ltd5 Years6.50%
Au Small Finance Bank Limited5 Years6.50%
North East Small Finance Bank Limited5 Years6.50%
Capital Small Finance Bank Limited5 Years6.25%
Deustche Bank5 Years6.25%
Standard Chartered Bank5 Years6.00%
Laxmi Vilas Bank5 Years6.00%
Esaf Small Finance Bank Limited5 Years6.00%
A B Bank Limited5 Years6.00%
United Bank Of India5 Years6.00%
Ujjivan Small Finance Bank Limited5 Years5.80%
Bandhan Bank Limited5 Years5.75%
Catholic Syrian Bank Limited5 Years5.75%
Tamilnad Mercantile Bank Limited5 Years5.75%
Karnataka Bank Limited5 Years5.65%
Karur Vysya Bank5 Years5.65%
Federal Bank5 Years5.60%
South Indian Bank5 Years5.60%
Punjab And Sind Bank5 Years5.55%
Dhanalakshmi Bank5 Years5.50%
The Nainital Bank Limited5 Years5.50%
City Union Bank Limited5 Years5.50%
Axis Bank5 Years5.50%
Corporation Bank5 Years5.45%
Andhra Bank5 Years5.45%
Union Bank Of India5 Years5.45%
Icici Bank Limited5 Years5.35%
Hdfc Bank5 Years5.35%
Indian Overseas Bank5 Years5.35%
Canara Bank5 Years5.30%
Syndicate Bank5 Years5.30%
Vijaya Bank5 Years5.30%
State Bank Of Mysore5 Years5.30%
Idbi Bank5 Years5.30%
Bank Of Baroda5 Years5.30%
Jammu And Kashmir Bank Limited5 Years5.30%
State Bank Of Patiala5 Years5.30%
Dena Bank5 Years5.30%
State Bank Of Bikaner And Jaipur5 Years5.30%
State Bank Of Travancore5 Years5.30%
Oriental Bank Of Commerce5 Years5.30%
State Bank Of India5 Years5.30%
Punjab National Bank5 Years5.30%
Bank Of India5 Years5.25%
Dbs Bank Ltd5 Years5.20%
Indian Bank5 Years5.15%
Central Bank Of India5 Years5.10%
Bank Of Maharashtra5 Years5.00%
Uco Bank5 Years4.95%
Chinatrust Commercial Bank Limited5 Years4.75%
Kotak Mahindra Bank Limited5 Years4.50%
Hsbc Bank5 Years4.00%
Citi Bank5 Years3.90%

Financial Calculators