Major Banks RD Interest Rates in India

Recurring Deposit (RD) interest rates vary by bank, tenure, and customer category. Below are indicative interest rate ranges offered by major Indian banks.

Bank	General Public	Senior Citizens
SBI	4.40% – 6.50%	4.90% – 7.00%
HDFC Bank	4.50% – 6.75%	5.00% – 7.25%
ICICI Bank	4.75% – 6.70%	5.25% – 7.20%
Axis Bank	4.75% – 6.80%	5.25% – 7.30%
Kotak Mahindra Bank	4.60% – 6.60%	5.10% – 7.10%
Post Office RD	6.20%	6.20%
IDFC First Bank	6.50% – 7.50%	6.50% – 7.75%
AU Small Finance Bank	6.00% – 7.25%	6.50% – 7.75%
Ujjivan Small Finance Bank	6.25% – 7.50%	6.75% – 8.00%
Equitas Small Finance Bank	6.50% – 7.50%	7.00% – 8.00%

Last updated: Indicative rates for 2024–2025. Actual rates may vary based on tenure and bank policies.

Key Features of Recurring Deposits

• No lump-sum investment required
• Tenure ranges from 6 months to 10 years
• Interest rates similar to fixed deposits
• Senior citizens usually get 0.25%–0.50% extra
• RD accounts can be used as loan collateral

👉 Want to calculate returns? Use RD Calculator