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Recurring Deposit Interest Rates 2026
Recurring Deposit interest rates are different at banks and for different deposit periods in India. To choose a Recurring Deposit you need to compare the latest Recurring Deposit interest rates. This will help you pick a Recurring Deposit that suits your investment the time you want to invest for and the returns you expect.
| Bank Name | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years | 5+ Years |
|---|---|---|---|---|---|---|
| Allahabad Bank (Indian Bank) | 6.10% | 6.30% | 6.50% | 6.40% | 6.40% | 6.30% |
| Andhra Bank (Union Bank) | 6.30% | 6.60% | 6.70% | 6.70% | 6.70% | 6.70% |
| Axis Bank | 5.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% |
| Bandhan Bank | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% |
| BOB | 5.30% | 5.45% | 5.50% | 5.50% | 5.50% | 5.50% |
| BOI | 5.30% | 5.40% | 5.35% | 5.35% | 5.35% | 5.35% |
| BOM | 6.00% | 6.00% | 6.00% | 5.75% | 5.75% | 5.75% |
| Canara Bank | 5.50% | 5.60% | 5.75% | 5.75% | 5.75% | 5.75% |
| Central Bank of India | 5.45% | 5.50% | 5.50% | 5.50% | 5.60% | 5.60% |
| Citi Bank | 6.75% | 3.00% | NA | NA | NA | NA |
| City Union Bank | 6.25% | 7.00% | 7.00% | 6.90% | 6.90% | 6.90% |
| Corporation Bank | 6.30% | 6.60% | 6.70% | 6.70% | 6.70% | 6.70% |
| DBS Bank | 6.00% | 6.50% | 6.25% | 6.25% | 6.25% | 6.25% |
| Deutsche Bank | 6.25% | 6.75% | 7.00% | 7.25% | 7.00% | NA |
| Dhanlaxmi Bank | 5.60% | 5.60% | 6.00% | 6.10% | 6.10% | 6.10% |
| Federal Bank | 5.60% | 5.75% | 6.00% | 6.00% | 6.00% | 6.00% |
| HDFC Bank | 6.10% | 6.50% | 6.50% | 6.50% | 6.50% | 6.25% |
| ICICI Bank | 6.10% | 6.40% | 6.50% | 6.60% | 6.60% | 6.50% |
| IDBI Bank | 6.25% | 6.25% | 6.25% | 6.10% | 6.10% | 4.80% to 6 |
| Indian Bank | 6.10% | 6.50% | 6.40% | 6.40% | 6.40% | 6.30% |
| Indian Overseas Bank | 5.70% | 5.70% | 5.85% | 5.85% | 5.85% | 5.85% |
| IndusInd Bank | 6.25% | 7.00% | 6.75% | 6.75% | 6.75% | 6.25% |
| J&K Bank | 6.35% | 6.25% | 6.10% | 6.10% | 6.10% | 6.10% |
| Karnataka Bank | 6.40% | 6.40% | 5.75% | 5.75% | 5.75% | 5.80% |
| Karur Vysya Bank | 6.50% | 6.50% | 7.00% | 6.25% | 6.25% | 6.25% |
| Kotak Mahindra | 6.25% | 6.40% | 6.30% | 6.25% | 6.20% | 6.20% |
| Laxmi Vilas Bank | 6.00% | 6.50% | 6.25% | 6.25% | 6.25% | 6.25% |
| Oriental Bank of Commerce | 5.50% | 5.50% | 5.60% | 5.75% | 5.75% | 5.65% |
| PNB | 6.30% | 6.30% | 6.25% | 6.10% | 6.10% | 6.10% |
| Post office (5 years) | 5.50% | 5.70% | 5.80 % | NA | 6.7 % | NA |
| Punjab & Sind Bank | 6.10% | 6.10% | 6.25% | 6.10% | 6.10% | 6.10% |
| Saraswat Bank | 5.50% | 6.25% | 6.40% | 6.25% | 6.25% | 6.35% |
| SBI | 5.45% | 5.50% | 6.10% | 6.10% | 6.10% | 6.10% |
| South Indian Bank | 6.40% | 6.40% | 5.90% | 5.90% | 6.00% | 6.00% |
| Syndicate Bank | 5.50% | 5.60% | 5.75% | 5.75% | 5.75% | 5.75% |
| TMB | 6.30% | 6.50% | 6.00% | 6.00% | 6.00% | 6.00% |
| UCO Bank | 5.75% | 5.75% | 5.60% | 5.60% | 5.60% | 5.60% |
| Union Bank | 6.30% | 6.60% | 6.70% | 6.70% | 6.70% | 6.70% |
| United Bank | 5.50% | 5.50% | 5.60% | 5.75% | 5.75% | 5.65% |
| Yes Bank | 6.50% | 6.75% | 6.75% | 6.75% | 6.75% | 6.75% |
| Bank Name Not Found | ||||||
Banks offer interest rates for different Recurring Deposit periods. Senior citizens may also get some benefits. This page has the Recurring Deposit interest rates from top banks in India. You can also find information on the Recurring Deposit rates senior citizen Recurring Deposit rates, how Recurring Deposit interest is calculated the returns when your Recurring Deposit matures the minimum amount you need to deposit, taxation and TDS.
It is an idea to compare the available rates before you open a Recurring Deposit. This will help you make an investment decision.
What are recurring deposit (RD) interest rates?
Recurring Deposit interest rates are the rates that banks offer on the deposits you make into your Recurring Deposit account. The interest rate is usually fixed for the time period you choose when you open the account. Recurring Deposit interest rates can be different at banks and for different deposit periods.
Which bank offers the highest RD interest rates in 2026?
The highest Recurring Deposit interest rate can vary depending on the bank the time period and the type of customer. You should compare the rates from different banks to find the best option for the time period you want to invest for.
What is the current RD interest rate in India?
Current Recurring Deposit interest rates are different at banks and for different time periods. Banks may offer rates for short-term and long-term Recurring Deposits. Senior citizens may also get some benefits. You should check the rates before you open a Recurring Deposit.
How is interest calculated on a recurring deposit?
Recurring Deposit interest is calculated based on the deposits you make the interest rate, the time period and how often the interest is compounded. Since you deposit money every month each deposit earns interest for a period. You can use a Recurring Deposit interest calculator to estimate the interest you will earn and the amount you will get when your Recurring Deposit matures.
Are RD interest rates different for senior citizens?
Yes many banks offer Recurring Deposit interest rates to senior citizens than to regular customers. The extra interest rate and the time period can vary from bank to bank. Senior citizens should compare the rates and terms before they open a Recurring Deposit.
What is the minimum amount required to open an RD?
The minimum amount you need to deposit every month to open a Recurring Deposit is different at banks. Some banks let you start a Recurring Deposit with an amount while others may require a larger amount.
What is the maximum tenure for a recurring deposit?
The maximum time period for a Recurring Deposit is different at banks. Depending on the bank you may be able to choose from time periods ranging from a few months to several years. You should check the banks time period options before you invest.
Is RD interest taxable in India?
Yes the interest you earn from a Recurring Deposit is usually taxable according to the income tax rules. The tax treatment depends on your income and the current tax regulations.
Is TDS applicable on recurring deposit interest?
TDS may be applicable, on Recurring Deposit interest when certain conditions and thresholds are met. The threshold and TDS rules can change based on the income tax regulations.
Can I withdraw money from an RD before maturity?
Banks may allow you to close your Recurring Deposit before it matures. You may have to follow their terms and conditions. You may also have to pay a penalty or get an interest rate if you close your Recurring Deposit before it matures.
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