Latest RD Rates 2023: 7 Banks Offering Over 7% Interest On Recurring Deposits - Check List

Following the Reserve Bank of India's repeated increases in the repo rate, several banks increased the interest rate on RDs with a five-year tenor. Here is the list of banks offering up to 7.6 percent interest on recurring deposits.

DCB Bank offers investors a 7.2 percent return on 60 months of RDs.

Suryoday Small Finance Bank's regular investors can get a 7.25 percent return on RDs maturing between 5 to 10 years. Senior citizens will earn 7.5 percent.

Ujjivan Small Finance Bank offers general investors a 7.2 percent return on RDs of 36 to 60 months. One can earn a 6.5 percent return on RDs maturing in 63 to 120 months.

Deutsche Bank's investors can get a 7.25 percent return on RDs maturing in 60 months.

Induslnd Bank offers general investors a 7 percent return on RDs of 61 months and above. If you are a senior citizen, then you will get 50 basis points more.

Axis Bank's regular investors can get a 7 percent return on 5-year RDs. Senior citizens will get 50 basis points more on RDs below Rs 5 crore.

Leading private lender HDFC Bank offers general investors a 7 percent return on 5-year RDs. If you are a senior citizen, then you will get 7.5 percent.