Banks Offering More Than 7% Interest On Recurring Deposits

According to data compiled by Bankbazaar, these banks are offering up to 7.6 percent interest on recurring deposits.

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DCB Bank

The lender is offering 7.6 percent interest on recurring deposits with a 5-year tenor. The rate is applicable on RDs having a value of less than Rs 2 crore.

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Suryoday Small Finance Bank

Customers can earn 7.25 percent on recurring deposits with a tenor of 5 to 10 years. For senior citizens, the rate is 7.5 percent.

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Ujjivan Small Finance Bank

Investors can avail of 7.2 percent interest on RDs with a tenor of 36 to 60 months.

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Deutsche Bank

The lender is offering 7.25 per cent interest on RDs that will mature in 60 months.

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IndusInd Bank

The bank is providing interest of 7 per cent on recurring deposits of 61 months and above.

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Axis Bank

Axis Bank also offers 7 percent interest on recurring deposits of a 5-year tenor.

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HDFC Bank

The private lender is giving 7 percent interest per annum on RDs that will mature in 5 years.

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