Best Recurring Deposit Rates 2026 — India's Banks

Best Recurring Deposit rates (1 year)

Ranked across India's banks · Dataset refreshed 26 Sept 2026

#	Bank	Rate	Applies to
1	Jana Small Finance Bank Jana	7.30%	12 Months - 24 Months
2	Suryoday Small Finance Bank Suryoday	7.25%	1 Year
3	Ujjivan Small Finance Bank Ujjivan	7.25%	1 Year to < 2 years
4	Equitas Small Finance Bank Equitas	7.10%	1 year to 443 days
5	RBL Bank RBL	7.05%	365 days (12 months) to 500 days
6	Bandhan Bank Bandhan	7.00%	1 year
7	Capital Small Finance Bank Capital	7.00%	1 Year to less than 5 Years
8	Deutsche Bank India Deutsche	7.00%	> 1 Yr - 1.5 Yrs
9	Andhra Pradesh Grameena Bank APGB	6.85%	1 year to less than 2 years
10	Tamil Nadu Grama Bank TNGB	6.85%	1 year to less than 2 years
11	Jharkhand Rajya Gramin Bank JRGB	6.80%	1 year to less than 2 years
12	Nagaland Rural Bank NagRB	6.80%	1 year to less than 2 years
13	Tamilnad Mercantile Bank TMB	6.80%	1 year
14	Assam Gramin Vikash Bank AGVB	6.78%	1 year
15	IndusInd Bank IndusInd	6.75%	1 Year to below 1 Year 6 Month
16	City Union Bank City Union	6.65%	365 days to 443 days
17	Puducherry Grama Bank PuduGB	6.60%	1 Year to less than 2 years
18	Standard Chartered India StanChart	6.60%	1yr - 376days*
19	Jammu and Kashmir Grameen Bank JKGB	6.55%	1 year to less than 18 months
20	Karur Vysya Bank KVB	6.55%	1 Year to up to 399 Days
21	Bank of India BoI	6.50%	1 Year
22	Chhattisgarh Gramin Bank CGB	6.50%	1 year to less than 2 years
23	IDFC First Bank IDFC First	6.50%	1 year – 370 days
24	Indian Overseas Bank IOB	6.50%	1 Year
25	Karnataka Bank Karnataka	6.50%	1 year to 554 days
26	Karnataka Grameena Bank KGB	6.50%	Above 1 year upto & inclusive 2 years
27	Kerala Gramin Bank KerGB	6.50%	Above 1 year up to below 15 months
28	Maharashtra Gramin Bank MahaGB	6.50%	1 Year
29	Manipur Rural Bank ManRB	6.50%	Above 1 year to less than 2 years
30	Meghalaya Rural Bank MegRB	6.50%	more than 1year and less than 3 years
31	Telangana Grameena Bank TGB	6.45%	1 year to less than 2 years
32	Bank of Maharashtra Maharashtra	6.40%	365 days/ One Year
33	Bihar Gramin Bank BGB	6.40%	>1 year to 2 years
34	Federal Bank Federal	6.40%	Above 1 year to less than 15 Months
35	Mizoram Rural Bank MizRB	6.40%	1 year to less than 2 years
36	Arunachal Pradesh Rural Bank APRB	6.35%	>1 year to <2 years
37	Kotak Mahindra Bank Kotak	6.35%	365 Days to less than 15 Months
38	Rajasthan Gramin Bank RGB	6.35%	1 year
39	South Indian Bank South Indian	6.35%	1 year to < 2 years
40	Gujarat Gramin Bank GGB	6.30%	Above 1 year and up to 2 years
41	Himachal Pradesh Gramin Bank HPGB	6.30%	>1 year to 2 year
42	Madhya Pradesh Gramin Bank MPGB	6.30%	1 year
43	Bank of Baroda BoB	6.25%	1 year
44	Canara Bank Canara	6.25%	1 year to 443 days
45	Dhanlaxmi Bank Dhanlaxmi	6.25%	1 Year and above up to & inclusive of 2 years
46	Haryana Gramin Bank HGB	6.25%	Over 1 year to 449 days
47	HDFC Bank HDFC	6.25%	1 Year to < 15 months
48	ICICI Bank ICICI	6.25%	1 Year to < 18 Months
49	IDBI Bank IDBI	6.25%	>1 Year to 2 Years (except 555 days & 700 Days)
50	Punjab National Bank PNB	6.25%	1 year
51	State Bank of India SBI	6.25%	1 Year to less than 2 years
52	Uttarakhand Gramin Bank UKGB	6.25%	1 year
53	Union Bank of India Union	6.20%	1 year to 399 days
54	Central Bank of India Central	6.10%	1 year to less than 2 years
55	Indian Bank Indian	6.10%	1 year
56	UCO Bank UCO	6.10%	1 year
57	Odisha Grameen Bank OGB	6.05%	1 year
58	West Bengal Gramin Bank WBGB	6.00%	1 year to 399 days
59	Punjab & Sind Bank P&S	5.85%	1 year
60	HSBC India HSBC	4.00%	365 Days

Best Recurring Deposit rates

Best Recurring Deposit rates (1 year)

About these rates

Have feedback?