Top 7 Banks Offering High RD Interest Rates for Your Investment Plan

Dhanteras and Diwali are perfect occasions to start a regular investment scheme, even if you don’t have a substantial sum of money to invest upfront.

Recurring Deposit (RD) offers a practical solution for those looking to invest a fixed amount each month from their salary or savings.

- Advertisement -

With pre-fixed interest available on monthly investments, RD functions similarly to a Systematic Investment Plan (SIP).

According to data from, here are some leading banks in India offering competitive interest rates on recurring deposits.

- Advertisement -

DCB Bank

DCB Bank is providing an attractive interest rate of 7.6 percent on 5-year RDs. This rate applies to RDs with deposits of less than Rs 2 crore.

- Advertisement -

Suryoday Small Finance Bank

Suryoday Small Finance Bank offers customers an enticing interest rate of 7.25 percent on RDs with tenures ranging from 5 to 10 years. Senior citizens enjoy an even higher rate of 7.5 percent.

- Advertisement -

Ujjivan Small Finance Bank

For RDs with tenures of 36 to 60 months, investors can benefit from a substantial interest rate of 7.2 percent.


Additionally, the bank provides a 6.5 percent interest rate on Fixed Deposits (FDs) maturing in 63 to 120 months.

Deutsche Bank


Deutsche Bank extends an interest rate of 7.25 percent on RDs with a maturity period of 60 months.

IndusInd Bank

- Advertisement -

IndusInd Bank offers a competitive 7 percent interest rate on recurring deposits lasting for 61 months and beyond. Senior citizens receive an extra 0.50 percent interest.

Axis Bank

Axis Bank presents an attractive 7 percent interest rate on 5-year RDs. Senior citizens can enjoy a higher interest rate of 0.75 percent on RDs exceeding Rs 5 crore.

- Advertisement -


HDFC Bank provides a lucrative 7 percent interest rate on 5-year RDs set to mature in 5 years. Senior citizens are eligible for an even higher interest rate of 7.50 percent.


Please enter your comment!
Please enter your name here


More Articles