Archive · 20 Aug 2026
Recurring Deposit Rates 2026: SBI, ICICI, PNB Compared
A recurring deposit lets you save a fixed amount every month.
SBI offers terms from one year to 10 years, while ICICI Bank offers terms from six months to 10 years.
SBI’s highest cited rate is 7.10% for 400 days.
ICICI Bank offers extra interest to senior citizens across most tenure periods.
PNB allows deposits starting at Rs 100 per month and provides loans against RD balances.
The Post Office RD offers a 6.7% rate for the July-September 2026 quarter.
Saving for a longer period can reduce the amount you need to deposit each month for the same goal.
People should compare rates, withdrawal rules, taxes and senior-citizen benefits before choosing.
SBI offers recurring deposits from one to 10 years, with rates reaching 7.10% for a 400-day tenure.
ICICI Bank’s rates range from 4.50% to 6.50% for general customers and are higher for senior citizens.
PNB allows monthly RD instalments from Rs 100 to Rs 25 lakh and offers loans against RD balances.
The Post Office RD interest rate remains unchanged at 6.7% for July-September 2026.
Under the stated illustration, saving Rs 10 lakh requires monthly contributions ranging from Rs 80,503 for one year to Rs 6,082 for 10 years.
- Who
- SBI, ICICI Bank, PNB, the Post Office and people considering recurring deposits.
- What
- A comparison of recurring-deposit interest rates, account features and monthly investment requirements.
- When
- The comparison covers 2026 rates; the Post Office rate applies to the July-September 2026 quarter.
- Where
- At SBI, ICICI Bank, PNB and Post Office recurring-deposit schemes.
- Why
- To help savers compare returns, contribution requirements, tenure options and account conditions.
- SBI tenure range
- One year to 10 years
- SBI highest cited rate
- 7.10% for a 400-day tenure
- ICICI Bank general-customer rates
- 4.50% to 6.50%, depending on tenure
- PNB monthly instalment range
- Rs 100 to Rs 25 lakh per customer
- Post Office RD rate
- 6.7% for July-September 2026
- Illustrative monthly investment
- Rs 6,082 per month for 10 years to target Rs 10 lakh
- SBI missed-payment condition
- Six consecutive missed instalments may lead to premature account closure