Best RD interest rates: Which bank is offering highest rate, on which tenure?

Depending on the bank, a recurring deposit account can be started for as little as Rs. 100.

Most recurring deposit accounts need a predetermined amount that must be deposited on the same day each month. Some plans permit semi-annual or quarterly payments. With the aid of recurring deposits, investors can set away a little percentage of their income each month and invest it in a product that could generate more returns than a typical savings account.


The minimum and interest rate differs depending on the bank. Here is a recurring deposit interest rate comparison of SBI, HDFC Bank, ICICI Bank, Yes Bank, IndusInd Bank.

State Bank of India offers recurring deposit interest rate between 6.50% to 7% on tenures from 1 year to 10 years. The highest interest rate is offered on tenure of 2 years to less than 3 years.

HDFC Bank offers recurring deposit interest rates ranging from 4.50% to 7.10% for terms ranging from 6 months to 10 years. The highest interest rate of 7.10% is available for a 15-month term.

ICICI Bank offers recurring deposit interest rates between 4.75% to 7.10% for tenures of 6 months to 10 years. The highest interest rate of 7.10% is offered on tenure of 15 months, 18 months, 21 and 24 months.

IndusInd Bank offers recurring deposit interest rates ranging from 6.25% to 7.75% on terms ranging from 9 months to 10 years. The highest interest rate of 7.75% is available for terms of 18 months, 21 months, and 24 months, as well as 27 months, 30 months, 33 months, 36 months, and 39 months.

Yes Bank offers recurring deposit interest rates ranging from 6% to 7.50% on terms ranging from 6 months to 10 years. The highest interest rate of 7.50% is available for terms of 15 months, 18 months, 21 months, and 24 months, as well as 27 months, 30 months, and 33 months.