RD Rates 2026: SBI, ICICI, PNB & Post Office Comparison

If you’re looking for a disciplined way to save your money with predictable returns, Recurring Deposits (RDs) are a fantastic option. They help you invest a fixed amount monthly, offering assured returns unlike market-linked products.

Here’s a quick look at some top RD rates you can find for 2026:

• SBI: 7.10% for a 400-day tenure.
• ICICI Bank: Up to 7.10% for senior citizens (3-5 years).
• Post Office RD: A steady 6.7% for the July-September 2026 quarter.

SBI: Flexible Tenures and Overdrafts

State Bank of India (SBI) offers you RDs with tenures ranging from one year up to ten years, starting with a minimum monthly installment of just Rs 100. For deposits under Rs 3 crore, the interest rates vary depending on your chosen tenure.

You can expect 6.80% for a 1-year RD and 7.00% for a 2-year RD. Notably, SBI provides its highest rate of 7.10% for a 400-day tenure, making it an attractive short-term choice.

SBI also offers helpful features like overdraft facilities and the ability to transfer your account. Just be mindful that there are penalties if you delay your monthly installments.

ICICI Bank: Options for Every Tenure

ICICI Bank provides a wide range of RD tenures, from as short as six months to as long as ten years. For general customers, rates begin at 4.50% for up to six months.

If you’re looking at longer commitments, rates can reach up to 6.50% for tenures exceeding three years. Senior citizens benefit from an additional rate across most tenure categories, with their highest rate being 7.10% for 3 to 5 years.

PNB: Extra Benefits for Seniors

Punjab National Bank (PNB) allows you to invest monthly amounts from Rs 100 up to Rs 25 lakh, with tenures available from six months to 120 months. PNB stands out by offering loan facilities against your RD balance, providing liquidity when you need it.

They also permit premature withdrawals, though a 1% penal interest applies. Senior citizens receive an extra 50 basis points for deposits up to five years, and an impressive 80 basis points for over five years.

Even better, super senior citizens (aged 80 and above) enjoy an additional 80 basis points across all maturities, ensuring enhanced returns for experienced savers.

Post Office RDs: Consistent Returns

The Post Office Recurring Deposit, officially known as the National Savings Recurring Deposit Account, maintains a consistent interest rate of 6.7% for the July-September 2026 quarter. This option is accessible with a minimum investment of Rs 100 and has no maximum investment limit.

This consistency makes it a reliable choice for those seeking steady, government-backed returns. It’s a great way to ensure your savings grow without market fluctuations.

Making Your RD Choice

When you’re deciding on an RD, remember to compare not just the interest rates but also the tenure options, withdrawal rules, and any specific benefits for senior citizens. Longer tenures often mean you can reach your financial goals with smaller monthly contributions.

It’s about finding the best fit for your savings goals and how much you can comfortably set aside each month. Choose wisely to build your savings steadily.