Best RD interest rates: SBI vs IndusInd, Yes Bank, HDFC Bank, ICICI Bank

For risk averse individuals who want to grow their money without investing a lump sum amount in one go, a recurring deposit is one of the best investment options. Under RD investments, a specified amount must be invested over a specified term. Upon maturity or at the end of the period, interest on the recurring deposit is credited to the account. Almost all banks offer recurring deposit facility to their customers, similar to fixed deposits, recurring deposit interest rates vary with bank, depending if the customer is a general public or a senior citizens.

Also read: Highest FD interest rates: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Canara Bank

Here is a quick comparison of RD interest rates of banks such as SBI, HDFC Bank, YES Bank, ICICI Bank, IndusInd Bank.

SBI Bank RD interest rates
State Bank of India offers recurring deposit interest rate between 6.50% to 7% on tenures from 1 year to 10 years.

HDFC Bank RD interest rates
HDFC Bank offers recurring deposit interest rates between 4.50% to 7.10% on tenures of 6 months to 10 years. The highest interest rate of 7.10% is offered on tenure of 15 months.

ICICI Bank RD interest rates
ICICI Bank offers a 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 RD interest rates
IndusInd Bank offers a recurring deposit interest rates between 6.25% to 7.75% on tenures of 9 months to 10 years. The highest interest rate of 7.75% is offered on tenure of 18 months, 21 months and 24 months., 27 months, 30 months, 33 months, 36 months, 39 months.


Yes Bank RD interest rates
Yes Bank offers a recurring deposit interest rates between 6% to 7.50% on tenures of 6 months to 10 years. The highest interest rate of 7.50% is offered on tenure of 15 months 18 months, 21 months and 24 months., 27 months, 30 months, 33 months.

Payment of installment
According to the HDFC Bank website, “The installment amount once fixed cannot be altered at any later date. In case of more than one installment being overdue at the time of payment , upto 6 installments can be recovered from the linked account if sufficient balance is available. If more than one installment is overdue at the time of payment, the paid installment, if sufficient to cover only that one installment, will be appropriated towards the first or earliest installment overdue. Partial payment of installments will not be permitted.”