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Recurring deposit rates of different banks

The interest rate of the Recurring Deposit (RD) varies from bank to bank though the variation is not too high. It depends on the type of RD scheme, the tenure of the scheme, and the age of the person. Long-term and medium-term deposits get a higher interest rate in comparison to short-term deposits. Senior and junior citizens get a higher interest rate of 0.5% than the regular interest rate.

There are various special RD schemes offered by different banks that also have a higher interest rate. The interest rate of RD offered by post offices is slightly higher than banks in case of regular RD scheme. The following is the complete list of the interest rates as on March 2017 offered by different banks in India on recurring deposit scheme.

Bank Name Regular RD Interest Rates Senior Citizen RD Interest Rates

Allahabad Bank
6.25% to 6.75% 6.25% to 6.75%

Andhra Bank
6.25% to 6.85% 6.75% to 7.35%

Axis Bank
6.25% to 7% 6.75% to 7.5%

Bandhan Bank
6.5% to 7.5% 7% to 8%

Bank of Baroda
6.25% to 6.9% 6.75% to 7.4%

Bank of India
6.50% to 6.80% 6.50% to 6.80%

Bank of Maharashtra
6% to 6.25% 6.5% to 6.75%

BharatiyaMahila Bank
6.5% to 7% 7% to 7.5%

Canara Bank
6.5% to 6.9% 7% to 7.4%

Central Bank of India
4.75% to 6.6% 5.25% to 7.1%

CitiBank
5.25% 5.25%

City Union Bank
6.7% to 7.1% 6.95% to 7.5%

Corporation Bank
6.65% to 6.75% 7.15% to 7.25%

DBS Bank
5.75% to 6.7% 5.75% to 6.7%

Dena Bank
6.5% to 7% 6.5% to 7%

Deutsche Bank
6% to 8% 6.5% to 8.25%

Dhanalakshmi Bank
6.5% to 6.75% 7% to 7.25%

DHFL Bank
7.75% 7.75%

Federal Bank
6.5% to 6.8% 7% to 7.3%

HDFC Bank
5.75% to 6.9% 6.25% to 7.4%

ICICI Bank
5.75% to 6.9% 6.25% to 7.4%

IDBI Bank
6% to 6.65% 6.5% to 7.15%

Indian Bank
4.5% to 4.75% 5% to 6.25%

Indian Overseas Bank
5.75% to 7.25% 6.25% to 7.75%

IndusInd Bank
6.75% to 7.15% 7.25% to 7.65%

Jammu and Kashmir Bank
6.5% to 6.75% 7% to 7.25%

Karnataka Bank
6.5% to 7.00% 7% to 7.50%

KarurVysya Bank
6.75 to 7% 6.75 to 7.5%

Kotak Mahindra Bank
6% to 6.75% 6.5% to 7.25%

Lakshmi Vilas Bank
7% to 7.5% 7% to 7.5%

Nainital Bank
7.50% to 7.90% 8.00% to 8.40%

Oriental Bank of Commerce
6.5% to 6.85%

Post Office
7.20% 7.20%

Punjab and Sind Bank
6.85% 7.35%

Punjab National Bank
6.25% to 6.8% 6.75% to 7.3%

Saraswat Bank
7.10% 7.35%

South Indian Bank
6% to 6.75% 6.75% to 725%

State Bank of India
6.25% to 6.75% 6.75% to 7.25%

Syndicate Bank
6.5 to 6.6% 7 to 7.1%

Tamilnad Mercantile Bank
5% to 7% 7% to 7.5%

UCO Bank
6.5% to 6.75% 6.5% to 6.75%

Union Bank of India
6.8% to 7% 6.8% to 7%

United Bank of India
5.75% to 6.25% 5.75% to 6.25%

Vijaya Bank
6.25% to 6.5% 6.75% to 7%

Yes Bank
7% to 7.10% 7.50% to 7.6%

Choose the bank that you trust the most and calculate the maturity amountusing a Recuring deposit calculator, based on the monthly installment, tenure, and interest rate offered by the bank.

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