Recurring Deposit Interest Rates 2026
Bank-wise RD rates for general and senior citizens — highest rate, 1/3/5-year rates, minimum instalment and maturity of ₹5,000 a month.
Updated 30 September 2026What you need to know
Most banks pay the same rate on an RD as on an FD of the same tenure. Today large banks pay about 6.1%–6.5% for 1–5 year RDs; a few private and co-operative banks pay 7% or more. Senior citizens generally get 0.50% extra.
RD rates of 26 banks
| Bank | Highest RD rate | Senior (highest) | 1 year | 3 years | 5 years | Min. instalment |
|---|---|---|---|---|---|---|
| Bandhan BankPrivate sector | 7.25%2 - <3 years | 7.75% | 7.00% | 7.25% | 5.85% | Rs 100/month, multiples of Rs 1 |
| YES BankPrivate sector | 7.00%21 – 33 months | 7.75% | 6.65% | 7.00% | 6.75% | Rs 1,000/month |
| IndusInd BankPrivate sector | 7.00%18 months | 7.50% | 6.75% | 6.90% | 6.65% | ₹1,000 |
| Tamilnad Mercantile BankPrivate sector | 7.00%2 years – <3 years | 7.50% | 6.80% | 6.70% | 6.70% | — |
| Dhanlaxmi BankPrivate sector | 7.00%1111 days | 7.50% | 6.25% | 6.50% | 6.50% | Rs 1,000/month, multiples of Rs 500 |
| Saraswat Co-operative BankCo-operative bank | 7.00%Above 3 years – 5 years | 7.40% | 6.60% | 6.80% | 7.00% | ₹500 |
| South Indian BankPrivate sector | 6.80%2 years | 7.30% | 6.25% | 6.20% | 5.70% | ₹100 |
| Federal BankPrivate sector | 6.75%36 months | 7.25% | 6.25% | 6.75% | 6.40% | Rs 50/month, multiples of Rs 10 |
| Kotak Mahindra BankPrivate sector | 6.70%15 – 33 months | 7.20% | 6.50% | 6.40% | 6.40% | ₹100 |
| Karnataka BankPrivate sector | 6.65%555 days | 7.05% | 6.50% | 6.15% | 6.15% | ₹50 |
| Bank of IndiaPublic sector | 6.60%450 days | 7.10% | 6.25% | 6.25% | 6.25% | Rs 500/month (Flexi RD Rs 1,000) |
| Indian Overseas BankPublic sector | 6.60%444 days | 7.10% | 6.50% | 6.40% | 6.10% | ₹50 |
| DBS Bank IndiaForeign bank | 6.60%376 – 599 days | 7.10% | 6.30% | 6.40% | 6.40% | Rs 100/month |
| Union Bank of IndiaPublic sector | 6.55%555 days | 7.05% | 6.20% | 6.10% | 6.00% | ₹100 |
| ICICI BankPrivate sector | 6.50%3 – 5 years | 7.10% | 6.25% | 6.45% | 6.50% | ₹500 (multiples of ₹100) |
| IDBI BankPrivate sector | 6.50%2 – 3 years | 7.00% | 6.20% | 6.50% | 6.25% | Rs 500/month (SSP) |
| HDFC BankPrivate sector | 6.45%18 months | 6.95% | 6.25% | 6.45% | — | ₹500 (steps of ₹100); ₹1,000 online |
| Axis BankPrivate sector | 6.45%15 – 36 months | 7.20% | 6.25% | 6.45% | 6.45% | ₹500 |
| UCO BankPublic sector | 6.45%444 days | 6.95% | 6.10% | 6.00% | 6.00% | ₹100 |
| State Bank of IndiaPublic sector | 6.40%2 – <3 years | 7.05% | 6.25% | 6.30% | 6.05% | ₹100 (multiples of ₹10) |
| Punjab National BankPublic sector | 6.40%390 days | 6.90% | 6.10% | — | 6.00% | Rs 100/month, multiples of Rs 1 |
| Bank of BarodaPublic sector | 6.30%3 – 5 years | 7.00% | 6.10% | 6.25% | 6.30% | ₹50 |
| Central Bank of IndiaPublic sector | 6.25%2 – 3 years | 6.75% | 6.20% | 6.25% | 6.00% | Rs 100/month, multiples of Rs 50 |
| Canara BankPublic sector | 6.25%1 year - 1 year 3 months | 6.75% | 6.25% | 6.25% | 6.25% | Rs 50/month (Nitya Nidhi); Flexi RD Rs 500 |
| Indian BankPublic sector | 6.20%>1 year – <2 years | 6.70% | 6.10% | 6.05% | 6.00% | ₹100 |
| Punjab & Sind BankPublic sector | 5.95%2 years | 6.45% | 5.85% | — | 5.95% | ₹10 |
Rates for RDs of 6 months and above, from each bank’s published RD / term-deposit card (dates on bank pages). “—” = no published slab for that exact tenure.
What ₹5,000 a month becomes
| Bank | 1 year (₹60,000 paid) | 3 years (₹1.8 lakh paid) | 5 years (₹3 lakh paid) |
|---|---|---|---|
| Bandhan Bank | ₹62,311 | ₹2,01,474 | ₹3,48,941 |
| YES Bank | ₹62,193 | ₹2,00,686 | ₹3,57,300 |
| IndusInd Bank | ₹62,227 | ₹2,00,372 | ₹3,56,359 |
| Tamilnad Mercantile Bank | ₹62,244 | ₹1,99,746 | ₹3,56,829 |
| Dhanlaxmi Bank | ₹62,060 | ₹1,99,122 | ₹3,54,954 |
| Saraswat Co-operative Bank | ₹62,177 | ₹2,00,059 | ₹3,59,664 |
| South Indian Bank | ₹62,060 | ₹1,98,190 | ₹3,47,571 |
| Federal Bank | ₹62,060 | ₹1,99,902 | ₹3,54,021 |
| Kotak Mahindra Bank | ₹62,143 | ₹1,98,811 | ₹3,54,021 |
| Karnataka Bank | ₹62,143 | ₹1,98,035 | ₹3,51,701 |
| Bank of India | ₹62,060 | ₹1,98,345 | ₹3,52,627 |
| Indian Overseas Bank | ₹62,143 | ₹1,98,811 | ₹3,51,239 |
| Post Office RD | — | — | ₹3,56,829 |
Maturity of ₹5,000 a month, general rate, quarterly compounding, before tax.
Public vs private vs co-operative
| Bank type | Banks tracked | Highest RD rate range | Average of highest rates |
|---|---|---|---|
| Public sector | 11 | 5.95% – 6.60% | 6.36% |
| Private sector | 13 | 6.45% – 7.25% | 6.77% |
| Foreign bank | 1 | 6.60% – 6.60% | 6.60% |
| Co-operative bank | 1 | 7.00% – 7.00% | 7.00% |
Frequently asked questions
Which bank gives the highest RD rate?
See the table above — it is sorted by each bank’s highest RD rate. Mid-sized private banks lead; among large banks rates cluster around 6.25%–6.5%.
Is the RD rate fixed?
Yes, the rate on the opening date applies for the whole tenure.
For information and comparison only. Confirm rates and rules with your bank or post office.