A recurring deposit (RD) lets you save a fixed amount every month for a set period and earn a fixed interest rate on it, which makes it a simple habit-building alternative to a lump-sum fixed deposit. It suits people who want to save from monthly income rather than invest a large sum at once.
When comparing, look at the interest rate for your chosen tenure, the minimum monthly instalment, any penalty for a missed instalment, and whether senior citizens receive a higher rate. Interest is generally compounded quarterly and paid at maturity.
This page lists recurring deposit rates across banks so you can find the best rate for the tenure you plan to hold.
Recurring Deposits listed on Truely Money
AU Small Finance Bank Recurring Deposit: base Yield: 7.40% · tenure Range: 3 Months - 10 Years · interest Rate: 7.40%. 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 start
Axis Bank Recurring Deposit: base Yield: 6.45% · tenure Range: 6 Months - 10 Years · interest Rate: 6.45%. Axis Bank's Recurring Deposit scheme offers a disciplined savings approach with a minimum monthly installment of ₹500 and flexible tenures ranging from 6 months
Bandhan Bank Recurring Deposit: base Yield: 7.45% · tenure Range: 6 Months - 10 Years · interest Rate: 7.45%. Bandhan Bank Recurring Deposit enables customers to build savings through regular monthly installments over a flexible tenure ranging from 6 months to 10 years,
Bank of Baroda Recurring Deposit: base Yield: 6.30% · tenure Range: 6 Months - 10 Years · interest Rate: 6.30%. Bank of Baroda's Systematic Deposit Plan (SDP) is a recurring deposit scheme offering guaranteed returns with flexible tenures ranging from 6 to 120 months to b
Bank of India Recurring Deposit: base Yield: 6.70% · tenure Range: 6 Months - 10 Years · interest Rate: 6.70%. Bank of India's Recurring Term Deposit allows individuals to save fixed amounts monthly over flexible tenures of 6 to 120 months. Interest is compounded quarter
Bank of Maharashtra Recurring Deposit: base Yield: 6.20% · tenure Range: 6 Months - 10 Years · interest Rate: 6.20%. Bank of Maharashtra offers Regular Recurring Deposits to help customers build savings systematically. The account features flexible tenures, accessible minimum
Canara Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 6 Months - 10 Years · interest Rate: 7.25%. Canara Bank Recurring Deposit enables individuals to build systematic savings through fixed monthly installments, earning quarterly compounded interest paid at
Capital Small Finance Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 1 Year - 10 Years · interest Rate: 7.25%. A flexible recurring deposit scheme allowing customers to build savings through regular monthly installments over 1 to 10 years, earning fixed deposit interest
Central Bank of India Recurring Deposit: base Yield: 6.75% · tenure Range: 6 Months - 10 Years · interest Rate: 6.75%. Central Bank of India Recurring Deposit (Cent Recurring Deposit Scheme) allows depositors to build savings through regular monthly installments over tenures ran
City Union Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 1 Year - 10 Years · interest Rate: 7.25%. City Union Bank's Recurring Deposit (RD) allows customers to save a fixed amount monthly, earning guaranteed returns at rates aligned with the bank's standard t
CSB Bank Recurring Deposit: base Yield: 7.10% · tenure Range: 6 Months - 10 Years · interest Rate: 7.10%. CSB Bank's Recurring Deposit (also known as Cumulative Deposit) allows customers to save systematically with a low minimum monthly installment. It features flex
DCB Bank Recurring Deposit: base Yield: 7.90% · tenure Range: 6 Months - 10 Years · interest Rate: 7.90%. DCB Bank Recurring Deposit enables systematic monthly savings over flexible tenures with quarterly compounding interest paid as a lump sum at maturity.
Dhanlaxmi Bank Recurring Deposit: base Yield: 7.25% · tenure Range: N/A - N/A · interest Rate: 7.25%. Dhanlaxmi Bank's Laxmi Recurring Deposit allows customers to invest a fixed amount every month for a predetermined period. It offers guaranteed returns with int
Equitas Small Finance Bank Recurring Deposit (Equitas Bank): base Yield: 7.10% · tenure Range: 1 Year - 10 Years · interest Rate: 7.10%. Equitas Small Finance Bank offers flexible recurring deposits starting from ₹1,000 per month, with tenures ranging up to 10 years and an additional 0.50% intere
ESAF Small Finance Bank Recurring Deposit: base Yield: 8.00% · tenure Range: 6 Months - 10 Years · interest Rate: 8.00%. ESAF Small Finance Bank offers Recurring Deposits with flexible tenures up to 10 years, accessible with a low monthly minimum installment to encourage regular s
Federal Bank Recurring Deposit: base Yield: 6.70% · tenure Range: 6 Months - 10 Years · interest Rate: 6.70%. Federal Bank offers its recurring deposit product under the name Federal Savings Fund (FSF), allowing systematic investments with a tenure of 6 to 120 months.
HDFC Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 6 Months - 10 Years · interest Rate: 6.50%. HDFC Bank's Recurring Deposit enables customers to save a fixed amount monthly, offering guaranteed returns with flexible tenures ranging from 6 to 120 months.
ICICI Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 6 Months - 10 Years · interest Rate: 6.50%. ICICI Bank's standard Recurring Deposit allows systematic savings with fixed monthly installments starting from ₹500, offering tenures from 6 months up to 10 ye
IDBI Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 1 Year - 10 Years · interest Rate: 6.50%. IDBI Bank offers its Recurring Deposit under the name Systematic Savings Plan (SSP), enabling customers to make fixed monthly installments for terms of 1 to 10
IDFC FIRST Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 6 Months - 10 Years · interest Rate: 7.25%. IDFC FIRST Bank offers recurring deposits with accessible monthly installments starting at ₹100, featuring a zero-penalty policy for missed payments.
Indian Bank Recurring Deposit: base Yield: 6.20% · tenure Range: 6 Months - 10 Years · interest Rate: 6.20%. Indian Bank's regular Recurring Deposit allows customers to build savings through fixed monthly installments for tenures ranging from 6 to 120 months.
Indian Overseas Bank Recurring Deposit: base Yield: 6.60% · tenure Range: 6 Months - 10 Years · interest Rate: 6.60%. Indian Overseas Bank's recurring deposit allows customers to systematically save small amounts every month, starting from just ₹50. The scheme offers flexible t
IndusInd Bank Recurring Deposit: base Yield: 7.00% · tenure Range: 1 Year - 10 Years · interest Rate: 7.00%. IndusInd Bank offers Recurring Deposits allowing customers to build a guaranteed savings corpus with monthly installments, offering flexible tenures up to 10 ye
Jammu & Kashmir Bank Recurring Deposit: base Yield: 7.05% · tenure Range: 6 Months - 10 Years · interest Rate: 7.05%. Jammu & Kashmir Bank's Recurring Deposit allows customers to save small fixed monthly installments for tenures ranging from 6 months to 10 years. It provides qu
Jana Small Finance Bank Recurring Deposit: base Yield: 8.00% · tenure Range: 6 Months - 10 Years · interest Rate: 8.00%. Jana Small Finance Bank offers a flexible Recurring Deposit allowing customers to build savings through regular monthly installments with competitive interest r
Karnataka Bank Recurring Deposit: base Yield: 7.00% · tenure Range: 6 Months - 10 Years · interest Rate: 7.00%. Karnataka Bank's Recurring Deposit allows individuals to build savings steadily with a minimum monthly installment of just ₹50. The deposit tenures range from 6
Karur Vysya Bank Recurring Deposit: base Yield: 7.00% · tenure Range: 6 Months - 10 Years · interest Rate: 7.00%. Karur Vysya Bank Recurring Deposit enables depositors to build savings systematically by investing a fixed installment every month with quarterly compounded int
Kotak Mahindra Bank Recurring Deposit: base Yield: 6.80% · tenure Range: 6 Months - 10 Years · interest Rate: 6.80%. Kotak Mahindra Bank offers recurring deposits with tenures ranging from 6 months to 10 years, allowing systematic monthly savings with competitive interest rate
Nainital Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 1 Year - 10 Years · interest Rate: 6.50%. Nainital Bank offers standard Recurring Deposits and the flexible Naini Platinum Plus RD scheme, designed to help customers build savings through regular monthl
North East Small Finance Bank Recurring Deposit (Slice Small Finance Bank): base Yield: 7.50% · tenure Range: 6 Months - 10 Years · interest Rate: 7.50%. North East Small Finance Bank (recently rebranded to slice Small Finance Bank) offers Recurring Deposits with flexible tenures up to 10 years, including prefere
Punjab and Sind Bank Recurring Deposit: base Yield: 5.95% · tenure Range: 6 Months - 10 Years · interest Rate: 5.95%. Punjab and Sind Bank offers a standard Recurring Deposit (RD) account allowing customers to save a fixed amount regularly. It provides flexible tenures ranging
Punjab National Bank Recurring Deposit: base Yield: 6.35% · tenure Range: 6 Months - 10 Years · interest Rate: 6.35%. PNB's recurring deposit scheme (Kalpnidhi) allows disciplined monthly savings with flexible tenures ranging from 6 to 120 months, offering interest rates direct
RBL Bank Recurring Deposit: base Yield: 7.20% · tenure Range: 6 Months - 10 Years · interest Rate: 7.20%. RBL Bank offers Recurring Deposits with tenures ranging from 6 months to 10 years, allowing customers to build savings through regular monthly installments.
Shivalik Small Finance Bank Recurring Deposit: base Yield: 8.00% · tenure Range: 6 Months - 5 Years · interest Rate: 8.00%. Shivalik Small Finance Bank offers a flexible Monthly Recurring Deposit allowing customers to invest systematically toward their long-term financial goals. The
South Indian Bank Recurring Deposit: base Yield: 6.80% · tenure Range: 6 Months - 10 Years · interest Rate: 6.80%. South Indian Bank offers a Recurring Deposit scheme to help individuals build wealth through systematic monthly investments, providing flexible tenures and an o
State Bank of India Recurring Deposit: base Yield: 6.40% · tenure Range: 1 Year - 10 Years · interest Rate: 6.40%. State Bank of India offers a standard Recurring Deposit account for regular monthly savings, allowing customers to invest fixed amounts for tenures ranging from
Suryoday Small Finance Bank Recurring Deposit: base Yield: 8.50% · tenure Range: 6 Months - 10 Years · interest Rate: 8.50%. Suryoday Small Finance Bank Recurring Deposit offers high-yield disciplined monthly savings with flexible tenure options and quarterly compounding.
Tamilnad Mercantile Bank Recurring Deposit: base Yield: 7.25% · tenure Range: N/A - N/A · interest Rate: 7.25%. TMB Basic Recurring Deposit Account offers a disciplined savings approach with fixed monthly contributions, flexible tenures, and competitive interest rates mat
UCO Bank Recurring Deposit: base Yield: 6.10% · tenure Range: 1 Year - 10 Years · interest Rate: 6.10%. UCO Bank's Recurring Deposit scheme offers a structured way to accumulate savings through fixed monthly installments. It provides flexible tenures ranging from
Ujjivan Small Finance Bank Recurring Deposit: base Yield: 7.80% · tenure Range: 6 Months - 10 Years · interest Rate: 7.80%. Ujjivan Small Finance Bank offers systematic savings schemes through its regular Recurring Deposit and Sampoorna Lakshya products, allowing customers to build a
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.
Compare recurring deposit rates in India
A recurring deposit (RD) lets you save a fixed amount every month for a set period and earn a fixed interest rate on it, which makes it a simple habit-building alternative to a lump-sum fixed deposit. It suits people who want to save from monthly income rather than invest a large sum at once.
When comparing, look at the interest rate for your chosen tenure, the minimum monthly instalment, any penalty for a missed instalment, and whether senior citizens receive a higher rate. Interest is generally compounded quarterly and paid at maturity.
This page lists recurring deposit rates across banks so you can find the best rate for the tenure you plan to hold.
Recurring Deposits listed on Truely Money
AU Small Finance Bank Recurring Deposit: base Yield: 7.40% · tenure Range: 3 Months - 10 Years · interest Rate: 7.40%. 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 start
Axis Bank Recurring Deposit: base Yield: 6.45% · tenure Range: 6 Months - 10 Years · interest Rate: 6.45%. Axis Bank's Recurring Deposit scheme offers a disciplined savings approach with a minimum monthly installment of ₹500 and flexible tenures ranging from 6 months
Bandhan Bank Recurring Deposit: base Yield: 7.45% · tenure Range: 6 Months - 10 Years · interest Rate: 7.45%. Bandhan Bank Recurring Deposit enables customers to build savings through regular monthly installments over a flexible tenure ranging from 6 months to 10 years,
Bank of Baroda Recurring Deposit: base Yield: 6.30% · tenure Range: 6 Months - 10 Years · interest Rate: 6.30%. Bank of Baroda's Systematic Deposit Plan (SDP) is a recurring deposit scheme offering guaranteed returns with flexible tenures ranging from 6 to 120 months to b
Bank of India Recurring Deposit: base Yield: 6.70% · tenure Range: 6 Months - 10 Years · interest Rate: 6.70%. Bank of India's Recurring Term Deposit allows individuals to save fixed amounts monthly over flexible tenures of 6 to 120 months. Interest is compounded quarter
Bank of Maharashtra Recurring Deposit: base Yield: 6.20% · tenure Range: 6 Months - 10 Years · interest Rate: 6.20%. Bank of Maharashtra offers Regular Recurring Deposits to help customers build savings systematically. The account features flexible tenures, accessible minimum
Canara Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 6 Months - 10 Years · interest Rate: 7.25%. Canara Bank Recurring Deposit enables individuals to build systematic savings through fixed monthly installments, earning quarterly compounded interest paid at
Capital Small Finance Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 1 Year - 10 Years · interest Rate: 7.25%. A flexible recurring deposit scheme allowing customers to build savings through regular monthly installments over 1 to 10 years, earning fixed deposit interest
Central Bank of India Recurring Deposit: base Yield: 6.75% · tenure Range: 6 Months - 10 Years · interest Rate: 6.75%. Central Bank of India Recurring Deposit (Cent Recurring Deposit Scheme) allows depositors to build savings through regular monthly installments over tenures ran
City Union Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 1 Year - 10 Years · interest Rate: 7.25%. City Union Bank's Recurring Deposit (RD) allows customers to save a fixed amount monthly, earning guaranteed returns at rates aligned with the bank's standard t
CSB Bank Recurring Deposit: base Yield: 7.10% · tenure Range: 6 Months - 10 Years · interest Rate: 7.10%. CSB Bank's Recurring Deposit (also known as Cumulative Deposit) allows customers to save systematically with a low minimum monthly installment. It features flex
DCB Bank Recurring Deposit: base Yield: 7.90% · tenure Range: 6 Months - 10 Years · interest Rate: 7.90%. DCB Bank Recurring Deposit enables systematic monthly savings over flexible tenures with quarterly compounding interest paid as a lump sum at maturity.
Dhanlaxmi Bank Recurring Deposit: base Yield: 7.25% · tenure Range: N/A - N/A · interest Rate: 7.25%. Dhanlaxmi Bank's Laxmi Recurring Deposit allows customers to invest a fixed amount every month for a predetermined period. It offers guaranteed returns with int
Equitas Small Finance Bank Recurring Deposit (Equitas Bank): base Yield: 7.10% · tenure Range: 1 Year - 10 Years · interest Rate: 7.10%. Equitas Small Finance Bank offers flexible recurring deposits starting from ₹1,000 per month, with tenures ranging up to 10 years and an additional 0.50% intere
ESAF Small Finance Bank Recurring Deposit: base Yield: 8.00% · tenure Range: 6 Months - 10 Years · interest Rate: 8.00%. ESAF Small Finance Bank offers Recurring Deposits with flexible tenures up to 10 years, accessible with a low monthly minimum installment to encourage regular s
Federal Bank Recurring Deposit: base Yield: 6.70% · tenure Range: 6 Months - 10 Years · interest Rate: 6.70%. Federal Bank offers its recurring deposit product under the name Federal Savings Fund (FSF), allowing systematic investments with a tenure of 6 to 120 months.
HDFC Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 6 Months - 10 Years · interest Rate: 6.50%. HDFC Bank's Recurring Deposit enables customers to save a fixed amount monthly, offering guaranteed returns with flexible tenures ranging from 6 to 120 months.
ICICI Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 6 Months - 10 Years · interest Rate: 6.50%. ICICI Bank's standard Recurring Deposit allows systematic savings with fixed monthly installments starting from ₹500, offering tenures from 6 months up to 10 ye
IDBI Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 1 Year - 10 Years · interest Rate: 6.50%. IDBI Bank offers its Recurring Deposit under the name Systematic Savings Plan (SSP), enabling customers to make fixed monthly installments for terms of 1 to 10
IDFC FIRST Bank Recurring Deposit: base Yield: 7.25% · tenure Range: 6 Months - 10 Years · interest Rate: 7.25%. IDFC FIRST Bank offers recurring deposits with accessible monthly installments starting at ₹100, featuring a zero-penalty policy for missed payments.
Indian Bank Recurring Deposit: base Yield: 6.20% · tenure Range: 6 Months - 10 Years · interest Rate: 6.20%. Indian Bank's regular Recurring Deposit allows customers to build savings through fixed monthly installments for tenures ranging from 6 to 120 months.
Indian Overseas Bank Recurring Deposit: base Yield: 6.60% · tenure Range: 6 Months - 10 Years · interest Rate: 6.60%. Indian Overseas Bank's recurring deposit allows customers to systematically save small amounts every month, starting from just ₹50. The scheme offers flexible t
IndusInd Bank Recurring Deposit: base Yield: 7.00% · tenure Range: 1 Year - 10 Years · interest Rate: 7.00%. IndusInd Bank offers Recurring Deposits allowing customers to build a guaranteed savings corpus with monthly installments, offering flexible tenures up to 10 ye
Jammu & Kashmir Bank Recurring Deposit: base Yield: 7.05% · tenure Range: 6 Months - 10 Years · interest Rate: 7.05%. Jammu & Kashmir Bank's Recurring Deposit allows customers to save small fixed monthly installments for tenures ranging from 6 months to 10 years. It provides qu
Jana Small Finance Bank Recurring Deposit: base Yield: 8.00% · tenure Range: 6 Months - 10 Years · interest Rate: 8.00%. Jana Small Finance Bank offers a flexible Recurring Deposit allowing customers to build savings through regular monthly installments with competitive interest r
Karnataka Bank Recurring Deposit: base Yield: 7.00% · tenure Range: 6 Months - 10 Years · interest Rate: 7.00%. Karnataka Bank's Recurring Deposit allows individuals to build savings steadily with a minimum monthly installment of just ₹50. The deposit tenures range from 6
Karur Vysya Bank Recurring Deposit: base Yield: 7.00% · tenure Range: 6 Months - 10 Years · interest Rate: 7.00%. Karur Vysya Bank Recurring Deposit enables depositors to build savings systematically by investing a fixed installment every month with quarterly compounded int
Kotak Mahindra Bank Recurring Deposit: base Yield: 6.80% · tenure Range: 6 Months - 10 Years · interest Rate: 6.80%. Kotak Mahindra Bank offers recurring deposits with tenures ranging from 6 months to 10 years, allowing systematic monthly savings with competitive interest rate
Nainital Bank Recurring Deposit: base Yield: 6.50% · tenure Range: 1 Year - 10 Years · interest Rate: 6.50%. Nainital Bank offers standard Recurring Deposits and the flexible Naini Platinum Plus RD scheme, designed to help customers build savings through regular monthl
North East Small Finance Bank Recurring Deposit (Slice Small Finance Bank): base Yield: 7.50% · tenure Range: 6 Months - 10 Years · interest Rate: 7.50%. North East Small Finance Bank (recently rebranded to slice Small Finance Bank) offers Recurring Deposits with flexible tenures up to 10 years, including prefere
Punjab and Sind Bank Recurring Deposit: base Yield: 5.95% · tenure Range: 6 Months - 10 Years · interest Rate: 5.95%. Punjab and Sind Bank offers a standard Recurring Deposit (RD) account allowing customers to save a fixed amount regularly. It provides flexible tenures ranging
Punjab National Bank Recurring Deposit: base Yield: 6.35% · tenure Range: 6 Months - 10 Years · interest Rate: 6.35%. PNB's recurring deposit scheme (Kalpnidhi) allows disciplined monthly savings with flexible tenures ranging from 6 to 120 months, offering interest rates direct
RBL Bank Recurring Deposit: base Yield: 7.20% · tenure Range: 6 Months - 10 Years · interest Rate: 7.20%. RBL Bank offers Recurring Deposits with tenures ranging from 6 months to 10 years, allowing customers to build savings through regular monthly installments.
Shivalik Small Finance Bank Recurring Deposit: base Yield: 8.00% · tenure Range: 6 Months - 5 Years · interest Rate: 8.00%. Shivalik Small Finance Bank offers a flexible Monthly Recurring Deposit allowing customers to invest systematically toward their long-term financial goals. The
South Indian Bank Recurring Deposit: base Yield: 6.80% · tenure Range: 6 Months - 10 Years · interest Rate: 6.80%. South Indian Bank offers a Recurring Deposit scheme to help individuals build wealth through systematic monthly investments, providing flexible tenures and an o
State Bank of India Recurring Deposit: base Yield: 6.40% · tenure Range: 1 Year - 10 Years · interest Rate: 6.40%. State Bank of India offers a standard Recurring Deposit account for regular monthly savings, allowing customers to invest fixed amounts for tenures ranging from
Suryoday Small Finance Bank Recurring Deposit: base Yield: 8.50% · tenure Range: 6 Months - 10 Years · interest Rate: 8.50%. Suryoday Small Finance Bank Recurring Deposit offers high-yield disciplined monthly savings with flexible tenure options and quarterly compounding.
Tamilnad Mercantile Bank Recurring Deposit: base Yield: 7.25% · tenure Range: N/A - N/A · interest Rate: 7.25%. TMB Basic Recurring Deposit Account offers a disciplined savings approach with fixed monthly contributions, flexible tenures, and competitive interest rates mat
UCO Bank Recurring Deposit: base Yield: 6.10% · tenure Range: 1 Year - 10 Years · interest Rate: 6.10%. UCO Bank's Recurring Deposit scheme offers a structured way to accumulate savings through fixed monthly installments. It provides flexible tenures ranging from
Ujjivan Small Finance Bank Recurring Deposit: base Yield: 7.80% · tenure Range: 6 Months - 10 Years · interest Rate: 7.80%. Ujjivan Small Finance Bank offers systematic savings schemes through its regular Recurring Deposit and Sampoorna Lakshya products, allowing customers to build a
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.