# Highest Recurring Deposit Interest Rates (2024)

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

Bank | Interest Rate (p.a.) | Calculate |
---|---|---|

Indusind Bank | 7.75% | |

Yes Bank | 7.50% | |

Standard Chartered Bank | 7.25% | |

Dcb Bank | 7.25% | |

Tamilnad Mercantile Bank | 7.25% | |

Bandhan Bank | 7.25% | |

Kotak Mahindra Bank | 7.10% | |

Jammu And Kashmir Bank | 7.10% | |

Deustche Bank | 7.00% | |

Canara Bank | 7.00% |

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

Bank | Interest Rate (p.a.) | Calculate |
---|---|---|

Dcb Bank | 8.00% | |

Indusind Bank | 7.75% | |

Idfc First Bank | 7.75% | |

Yes Bank | 7.75% | |

Deustche Bank | 7.50% | |

Laxmi Vilas Bank | 7.25% | |

Standard Chartered Bank | 7.25% | |

Federal Bank | 7.25% | |

Bandhan Bank | 7.25% | |

Icici Bank | 7.10% |

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

Bank | Interest Rate (p.a.) | Calculate |
---|---|---|

Dcb Bank | 8.00% | |

Deustche Bank | 7.75% | |

Indusind Bank | 7.50% | |

Bandhan Bank | 7.25% | |

Dena Bank | 7.05% | |

Vijaya Bank | 7.05% | |

Bank Of Baroda | 7.05% | |

Karur Vysya Bank | 7.00% | |

Idfc First Bank | 7.00% | |

Icici Bank | 7.00% |

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

Bank | Interest Rate (p.a.) | Calculate |
---|---|---|

Dcb Bank | 7.75% | |

Bandhan Bank | 7.25% | |

Indusind Bank | 7.25% | |

Axis Bank | 7.00% | |

Idfc First Bank | 7.00% | |

Icici Bank | 7.00% | |

Hdfc Bank | 7.00% | |

Deustche Bank | 7.00% | |

Citi Bank | 7.00% | |

Yes Bank | 7.00% |

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

Bank | Interest Rate (p.a.) | Calculate |
---|---|---|

Dcb Bank | 7.75% | |

Indusind Bank | 7.25% | |

Deustche Bank | 7.25% | |

Axis Bank | 7.00% | |

Idfc First Bank | 7.00% | |

Icici Bank | 7.00% | |

Hdfc Bank | 7.00% | |

Citi Bank | 7.00% | |

Yes Bank | 7.00% | |

Standard Chartered Bank | 6.75% |

## 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.