HDFC vs ICICI vs IndusInd vs RBL Vs Kotak vs Yes Bank: Check RD Rates

Because interest rates are rising, now is the ideal time to create an RD account. Here are the banks that have raised their recurring deposit interest rates promptly after the RBI raised the repo rate to 4.90 per cent.

HDFC Bank

On 17th June 2022, HDFC Bank made interest rate revisions on RDs across selected tenors. The bank is now offering a maximum interest rate of 5.75% to regular customers and 6.50% to senior citizens on recurring deposits.

HDFC Bank RD Rates (hdfcbank.com)

ICICI Bank

ICICI Bank allows RD for a tenure ranging from 6 months to 10 years. On 16th June 2022, ICICI Bank revised interest rates on recurring deposits and now offers a maximum interest rate of 5.75% to non-senior citizens and 6.50% to senior citizens.

ICICI Bank RD Rates (icicibank.com)

IndusInd Bank

IndusInd Bank allows RD for a tenure ranging from 9 months to 61 months and above. On 1st June 2022, the bank revised interest rates on recurring deposits following which the general public will now get a maximum rate of 6.50% and senior citizens will get a maximum return of 7%.

IndusInd Bank RD Rates (indusind.com)

RBL Bank

With tenure ranging from 7 days to 240 months, RBL Bank allows opening an RD account. On 8th June 2022, RBL Bank revised interest rates on recurring deposits. On RDs maturing in 24 months to less than 36 months, RBL Bank offers a maximum regular rate of 6.50% and 7% to senior citizens.

RBL Bank RD Rates (rblbank.com)

Kotak Mahindra Bank

Kotak Mahindra Bank allows recurring deposits for a tenure ranging from 6 months to 10 years. On 10th June 2022, the bank revised interest rates on RDs and now the general public will get a maximum rate of 5.90% and 6.40% for senior citizens.

Kotak Bank RD Rates (kotak.com)

Yes Bank

Yes Bank revised recurring deposit interest rates on 18th June 2022 and now offers a maximum return of 6.50% to the general public and 7.25% to senior citizens.

Yes Bank RD Rates (yesbank.in)

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