Best 2 years RD rates · October 2026

The banks offering the highest recurring-deposit rate for a 2 years tenure, ranked.

Rates updated 19 Oct 2026

Best 2 years RD rates

General public · below ₹3 crore · Dataset refreshed 19 Oct 2026

#	Bank	Rate	Applies to
1	Jana Small Finance Bank Small Finance Nationwide	8.00%	24 months - 36 months
2	Shivalik Small Finance Bank Small Finance Delhi +9 states	8.00%	23 months 1 day to 27 months
3	ESAF Small Finance Bank Small Finance Nationwide	7.75%	2 years to 799 days
4	Slice Small Finance Bank Small Finance Arunachal Pradesh +11 states	7.75%	1.5 years 1 day - 2 years
5	DCB Bank Private Nationwide	7.50%	24 months to less than 25 months
6	The Akola Urban Co-operative Bank Ltd. Co-operative Maharashtra	7.50%	For 401 days to 3 years
7	Utkarsh Small Finance Bank Small Finance Nationwide	7.50%	2 years to 3 years
8	Bandhan Bank Private Nationwide	7.45%	2 years to less than 3 years
9	CSB Bank Private Nationwide	7.25%	Above 18 months to 30 months
10	RBL Bank Private Nationwide	7.25%	18 months to 36 months
11	Suryoday Small Finance Bank Small Finance Gujarat +5 states	7.25%	Above 18 months to 2 years
12	AU Small Finance Bank Small Finance Nationwide	7.10%	24 months 1 day to 30 months
13	IDFC First Bank Private Nationwide	7.10%	500 days – 3 years
14	Kallappana Awade Ichalkaranji Janata Sahakari Bank Ltd. Co-operative Maharashtra	7.10%	24 months
15	Capital Small Finance Bank Small Finance Chandigarh +7 states	7.00%	2 year to less than 5 years
16	Deutsche Bank India Foreign Bank Delhi +8 states	7.00%	> 1.5 yrs - 2 yrs
17	Equitas Small Finance Bank Small Finance Andhra Pradesh +17 states	7.00%	18 months 1 day to 2 years
18	IndusInd Bank Private Nationwide	7.00%	2 years to 3 years
19	Jharkhand Rajya Gramin Bank Regional Rural Jharkhand	7.00%	2 years to less than 3 years
20	Nagaland Rural Bank Regional Rural Nagaland	7.00%	2 years to less than 3 years
21	Tamil Nadu Grama Bank Regional Rural Tamil Nadu	7.00%	2 years to less than 3 years
22	Tamilnad Mercantile Bank Private Nationwide	7.00%	2 years to less than 3 years
23	The Banaskantha Mercantile Co-operative Bank Ltd. Co-operative Gujarat	7.00%	12 months to 36 months
24	Yes Bank Private Nationwide	7.00%	24 months < 35 months
25	Janata Sahakari Bank Ltd., Pune Co-operative Maharashtra	6.75%	2 years to less than 3 years
26	The Kalupur Commercial Co-operative Bank Ltd. Co-operative Gujarat +1 state	6.75%	1 year and up to 2 years
27	Jammu and Kashmir Grameen Bank Regional Rural Jammu and Kashmir	6.70%	2 years to 887 days
28	Kotak Mahindra Bank Private Nationwide	6.65%	2 years- less than 3 years
29	Bank of India Public Sector Nationwide	6.60%	2 years to less than 3 years
30	Puducherry Grama Bank Regional Rural Puducherry	6.60%	2 years to less than 3 years
31	Arunachal Pradesh Rural Bank Regional Rural Arunachal Pradesh	6.55%	>2 years to <3 years
32	Karur Vysya Bank Private Nationwide	6.55%	401 days up to 2 years
33	Axis Bank Private Nationwide	6.50%	2 years < 3 years
34	Balasinor Nagarik Sahakari Bank Ltd. Co-operative Gujarat	6.50%	24 months
35	Bihar Gramin Bank Regional Rural Bihar	6.50%	>2 years to 3 years
36	Chhattisgarh Gramin Bank Regional Rural Chhattisgarh	6.50%	2 years to less than 3 years
37	City Union Bank Private Nationwide	6.50%	556 days to 3 years
38	Dhanlaxmi Bank Private Andhra Pradesh +15 states	6.50%	Above 2 years upto & inclusive of 3 years
39	Federal Bank Private Nationwide	6.50%	Above 24 months to less than 48 months
40	IDBI Bank Private Nationwide	6.50%	> 2 years to <3years
41	Karnataka Grameena Bank Regional Rural Karnataka	6.50%	Above 1 year upto & inclusive 2 years
42	Kerala Gramin Bank Regional Rural Kerala	6.50%	Above 15 months up to including 2 years
43	Meghalaya Rural Bank Regional Rural Meghalaya	6.50%	more than 1year and less than 3 years
44	Mizoram Rural Bank Regional Rural Mizoram	6.50%	2 years to less than 3 years
45	Standard Chartered India Foreign Bank Andhra Pradesh +17 states	6.50%	21M < 2 yrs
46	Gujarat Gramin Bank Regional Rural Gujarat	6.45%	Above 2 years and up to 3 years
47	HDFC Bank Private Nationwide	6.45%	21 months to 2 years
48	Telangana Grameena Bank Regional Rural Telangana	6.45%	2 year to less than 3 years
49	Uttarakhand Gramin Bank Regional Rural Uttarakhand	6.45%	2 years to less than 3 years
50	Andhra Pradesh Grameena Bank Regional Rural Andhra Pradesh	6.40%	2 years and above
51	Indian Overseas Bank Public Sector Nationwide	6.40%	2 years to < 3 years
52	Karnataka Bank Private Nationwide	6.40%	556 days to 2 years
53	State Bank of India Public Sector Nationwide	6.40%	2 years to less than 3 years
54	Rajasthan Gramin Bank Regional Rural Rajasthan	6.35%	More than 1 year to less than 3 years
55	The Khamgaon Urban Co-operative Bank Ltd. Co-operative Maharashtra	6.35%	Above 18 months up to 2 years
56	Himachal Pradesh Gramin Bank Regional Rural Himachal Pradesh	6.30%	>1 year to 2 year
57	ICICI Bank Private Nationwide	6.30%	18 months to 2 years
58	Madhya Pradesh Gramin Bank Regional Rural Madhya Pradesh	6.30%	2 years
59	Punjab National Bank Public Sector Nationwide	6.30%	667 days to 2 years
60	Assam Gramin Vikash Bank Regional Rural Assam	6.25%	More than 1 year to less than 3 years
61	Bank of Baroda Public Sector Nationwide	6.25%	Above 400 days and upto 2 years (except 444 and 555 days)
62	Canara Bank Public Sector Nationwide	6.25%	2 years & above to less than 3 years
63	Central Bank of India Public Sector Nationwide	6.25%	2 years to less than 3 years
64	Haryana Gramin Bank Regional Rural Haryana	6.25%	451 days to 2 years
65	West Bengal Gramin Bank Regional Rural West Bengal	6.25%	401 days to 2 years
66	Assam Co-operative Apex Bank Co-operative Assam	6.20%	2 years to less than 3 years
67	Bank of Maharashtra Public Sector Nationwide	6.15%	Above 1 year to 2 years
68	Indian Bank Public Sector Nationwide	6.15%	2 years to less than 3 years
69	Union Bank of India Public Sector Nationwide	6.15%	556 to 996 days
70	Maharashtra Gramin Bank Regional Rural Maharashtra	6.10%	2 years to less than 3 years
71	UCO Bank Public Sector Nationwide	6.10%	536 days to 2 years
72	Manipur Rural Bank Regional Rural Manipur	6.00%	2 years to less than 3 years
73	Punjab & Sind Bank Public Sector Nationwide	5.95%	2 years to 776 days
74	Bharati Sahakari Bank Ltd. Co-operative Maharashtra	5.90%	12 months and above
75	Odisha Grameen Bank Regional Rural Odisha	5.90%	2 years to less than 3 years
76	Nagrik Sahakari Bank Ltd., Raipur Co-operative Chhattisgarh	5.80%	2 to 3 year
77	HSBC India Foreign Bank Andhra Pradesh +13 states	4.30%	701 days to 730 days

Best rate by tenure

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Deposit amount

A 2 years recurring deposit lets you set aside a fixed amount each month for 2 years at a rate locked in when you open it — a simple way to build toward a goal without a lump sum. As of 19 Oct 2026, the highest 2 years RD rate we track is 8.00% at Jana Small Finance Bank.

RD rates for this tenure usually mirror the bank's 2 years FD rate, and all banks below are RBI-licensed with DICGC cover up to ₹5 lakh. The table is ranked best-first; if you have a lump sum instead, compare 2 years FD rates.

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