Recurring Deposit Interest Rate (Aug 2026)

A Recurring Deposit (RD) is an excellent way to develop disciplined savings habits while enjoying attractive returns. With regular monthly deposits, you can secure a steady financial future, whether for your dream home, education, or a safety net for unexpected expenses. Offering flexibility in instalment amounts and tenures, RDs cater to various financial goals, ensuring you get more from your savings. By opting for a plan with a bank that offers competitive interest rates and robust benefits, you grow your wealth and enjoy peace of mind.

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Interest Rates

Check out the latest Recurring Deposit interest rates here and start building your wealth today.

Tenure	Recurring Deposit Interest Rates - Less than Rs 3 crs (w.e.f 22nd December’2025)
	General	Senior Citizen
6 months	5.50%	6.00%
9 months	5.75%	6.25%
12 months	6.25%	6.75%
15 months	6.45%	6.95%
18 months	6.45%	6.95%
21 months	6.45%	6.95%
24 months	6.45%	6.95%
30 months	6.45%	6.95%
36 months	6.45%	6.95%
48 months	6.45%	6.95%
60 months	6.45%	7.20%
120 months	6.45%	7.20%

Click here to learn more about RD rates based on maturity period.

Note: The RD interest rates mentioned above are for deposits less than ₹3 crores and are subject to change without any prior notice. For any other details, contact your nearest Axis Bank branch.

RD interest rates on premature withdrawal

Type of Deposit	Interest Rate
Deposits under ₹5 crores opened or renewed on or after May 1, 2014	1% below the contracted rate

Penalty on delayed RD instalment

A delayed RD instalment can result in penalties. The rules regarding these penalties are as follows:

If your account was opened on or after August 9, 2016, you will incur a late fee of ₹10 for every ₹1,000 overdue (calculated monthly).

RD Calculator

If you are looking at options to save and invest some portion of hard-earned money every month but want fixed and secured returns, a bank Recurring Deposit (RD) is a worthwhile avenue.

Normal

Senior Citizen

Monthly Installment

₹

500

10L

Tenure (Years)

Rate of Interest*5.75%

Maturity Date27 Aug 2024

Open RD Now

Maturity Value

₹3050

Frequently Asked Questions

RD interest rates depend on the bank and how long you are willing to keep your money locked in.

Generally, anyone can open a Recurring Deposit Account, including resident Indians, Non-Resident Indians (NRIs), minors with a guardian, Hindu Undivided Families (HUFs), businesses, trusts and societies.

The minimum deposit amount required to open an RD is ₹500.

The minimum tenure is 6 months, and the maximum tenure is 10 years.

Specifically, you will not have to pay taxes on it until your total interest income for the year exceeds ₹40,000 (₹50,000 if you are a senior citizen).