Best RDs for Seniors

Every RD available to depositors aged 60 and above, ranked by their best senior rate.

The Top 10

Methodology

What "senior rate" and DICGC actually mean

Depositors aged 60 and above earn a fixed bonus over the general public rate on the same recurring deposit, applied automatically at booking.

DICGC insures deposits up to ₹5 lakh per depositor, per bank — this covers scheduled banks and small finance banks, but not NBFC deposits, which carry a credit rating instead of deposit insurance.

Browse and compare without signing in — no account needed. If you sign in, we store your email, favourites, and preferences to sync across devices.

Best recurring deposit rates for senior citizens

Many banks add a senior-citizen premium to recurring deposit rates, rewarding older savers who build a corpus through monthly instalments. This list ranks recurring deposits by the rate offered to seniors.

Compare the premium across banks, the available tenures, and the minimum instalment, and confirm the age at which the senior rate begins since it can differ by lender.

The ranked list, in plain text

  1. Suryoday Small Finance Bank Recurring Deposit: 8.5% p.a. for 15 Months · senior citizens 9% · DICGC insured. Suryoday Small Finance Bank Recurring Deposit offers high-yield disciplined monthly savings with flexible tenure options and quarterly compounding.
  2. Unity Small Finance Bank Recurring Deposit: 8% p.a. for 501 Days · senior citizens 8.5% · DICGC insured. Unity Small Finance Bank offers Recurring Deposits to regular and senior citizens, allowing disciplined monthly savings with rates that mirror their Fixed Deposit rates for equivalent specific tenors.
  3. Shivalik Small Finance Bank Recurring Deposit: 8% p.a. for 24 months to 27 months · senior citizens 8.5% · DICGC insured. Shivalik Small Finance Bank offers a flexible Monthly Recurring Deposit allowing customers to invest systematically toward their long-term financial goals. The RD features quarterly compounding return
  4. ESAF Small Finance Bank Recurring Deposit: 8% p.a. for 800 days · senior citizens 8.5% · DICGC insured. ESAF Small Finance Bank offers Recurring Deposits with flexible tenures up to 10 years, accessible with a low monthly minimum installment to encourage regular savings.
  5. Utkarsh Small Finance Bank Recurring Deposit: 8% p.a. for 24 Months to 36 months · senior citizens 8.5% · DICGC insured. Utkarsh Small Finance Bank offers a flexible Recurring Deposit scheme with competitive interest rates and a low minimum monthly deposit of ₹100, allowing disciplined savings over tenures ranging from
  6. DCB Bank Recurring Deposit: 7.9% p.a. for 19 Months to 20 Months · senior citizens 8.5% · DICGC insured. DCB Bank Recurring Deposit enables systematic monthly savings over flexible tenures with quarterly compounding interest paid as a lump sum at maturity.
  7. Jana Small Finance Bank Recurring Deposit: 8% p.a. for > 24 Months - 36 Months · senior citizens 8.3% · DICGC insured. Jana Small Finance Bank offers a flexible Recurring Deposit allowing customers to build savings through regular monthly installments with competitive interest rates and a low minimum deposit threshold
  8. Ujjivan Small Finance Bank Recurring Deposit: 7.8% p.a. for 24 months · senior citizens 8.3% · DICGC insured. Ujjivan Small Finance Bank offers systematic savings schemes through its regular Recurring Deposit and Sampoorna Lakshya products, allowing customers to build a corpus with fixed monthly installments.
  9. Bandhan Bank Recurring Deposit: 7.45% p.a. for 2 years to less than 3 years · senior citizens 7.95% · DICGC insured. Bandhan Bank Recurring Deposit enables customers to build savings through regular monthly installments over a flexible tenure ranging from 6 months to 10 years, earning interest at the bank's prevaili
  10. AU Small Finance Bank Recurring Deposit: 7.4% p.a. for 31 Months to 36 Months · senior citizens 7.9% · DICGC insured. AU Small Finance Bank's Recurring Deposit provides assured returns with flexible tenures ranging from 3 to 120 months and a low minimum monthly investment starting at just Rs. 100.

Guides · How we rank · About · FAQ · Contact · Editorial policy · Disclaimer · Privacy · Terms

Truely Money is an independent sole proprietorship registered under Udyam (MSME), Udyam Registration No. UDYAM-MP-16-0077048. Questions, corrections or feedback: support@truelymoney.com.