Here are the top 10 public sector banks based on our own research, that are currently offering the highest interest rates on recurring deposits to both regular and senior citizens.
| Sr No. | Banks | Regular Interest rates | Senior Citizens | W.e.f. |
|---|---|---|---|---|
| 1 | State Bank of India | 4.40% to 5.40% | 4.90% to 6.20% | 08.01.2021 |
| 2 | Bank of Baroda | 4.30% to 5.25% | 4.80% to 6.25% | 16.11.2020 |
| 3 | Union Bank of India | 4.40% to 5.50% | 4.90% to 6.00% | 01/09/2021 |
| 4 | Canara Bank | 4.40% to 5.25% | 4.90% to 5.75% | 09.08.2021 |
| 5 | Punjab National Bank | 4.40% to 5.25% | 4.90% to 5.75% | 01.08.2021 |
| 6 | Indian Bank | 4.00% to 5.25% | 4.50% to 5.75% | 05.11.2021 |
| 7 | Indian Overseas Bank | 4.90% to 5.20% | 5.40% to 5.70% | 09.11.2020 |
| 8 | Bank of India | 4.35% to 5.05% | 4.85% to 5.55% | 01.08.2021 |
| 9 | Punjab & Sind Bank | 4.45% to 5.30% | 4.95% to 5.50% | 16th September 2021 |
| 10 | Central Bank of India | 4.25% to 5.00% | 4.75% to 5.50% | 10.11.2021 |
According to our analysis, the top 10 private sector banks that are now providing the highest interest rates on recurring deposits to both normal and elderly customers are as follows.
| Sr No. | Banks | Regular Interest rates | Senior Citizens | W.e.f. |
|---|---|---|---|---|
| 1 | Yes Bank | 5.00% to 6.25% | 5.50% to 7.00% | 3rd November, 2021 |
| 2 | RBL Bank | 3.25% to 6.30% | 3.75% to 6.80% | September 01, 2021 |
| 3 | IndusInd Bank | 5.50% to 6.00% | 6.00% to 6.50% | July 23rd, 2021 |
| 4 | IDFC First Bank | 3.25% to 6.00% | 3.75% to 6.50% | November 23, 2021 |
| 5 | Axis Bank | 4.40% to 5.75% | 4.65% to 6.50% | 10.11.2021 |
| 6 | DCB Bank | 5.25% to 5.95% | 5.75% to 6.45% | 22nd November, 2021 |
| 7 | ICICI Bank | 3.50% to 5.60% | 4.00% to 6.30% | 04.12.2021 |
| 8 | HDFC Bank | 3.50% to 5.50% | 4.00% to 6.00% | Dec 01, 2021 |
| 9 | IDBI Bank | 5.05% to 5.25% | 5.55% to 5.75% | August 16, 2021 |
| 10 | Bandhan Bank | 4.50% to 5.00% | 5.25% to 5.75% | June 7, 2021 |