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At a Glance

Create a digibank Recurring Deposit Account and invest a fixed sum each month. Choose RDs lasting from 6 months to 10 years and above and earn attractive RD interest rates on your investment.

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digibank Recurring Deposit

The digibank Recurring Deposit is a unique term deposit that enables you to invest a fixed sum each month. It is a safe investment tool on which you can earn an attractive interest income. digibank RDs are flexible and easy to invest in. You can open the RD online on the digibank app or internet banking portal.

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digibank Recurring Deposit Interest Rates

Below is the schedule of digibank RD interest Rates

Recurring Deposit Tenure

General RD Interest Rates

RD Interest Rates for Senior Citizens

Up to 180 days

3.00%

3.25%

181 days to 269 days

3.25%

3.50%

270 days to less than 1 year

3.75%

4.00%

1 year to 375 days

5.30%

5.30%

376 days to less than 2 years

5.50%

5.50%

2 years & less than 2 years 6 months

5.60%

5.60%

2 years & 6 months

5.80%

5.80%

2 years 6 months 1 day & less than 3 years

5.80%

5.80%

3 years and less than 4 years

6.00%

6.00%

4 years to less than 5 years

6.00%

6.00%

5 years and above

6.00%

6.00%

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Important Points

  • You can create digibank Recurring Deposits with monthly investments as low as INR 100.
  • You may open multiple RD accounts. digibank has not set any upper limits or restrictions on the number of RD accounts you can hold.
  • Senior citizens must provide their identity and age proof documents to earn 0.50% higher Recurring Deposit interest rates.
  • You may choose from daily, monthly, or quarterly RD periods.
  • Your chosen deposit amount will be automatically debited from your digibank Savings account at your chosen periodic interval.

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Open Instant digibank Savings Account in just a few minutes.

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Frequently Asked Questions

The minimum tenure to maintain a digibank Recurring Deposit is 6 months or up to 180 days, while the maximum tenure is up to 10 years. For a higher RD interest rate, you should opt for longer-tenure RDs.


The interest earned on Recurring Deposits is taxable as per your applicable income tax slab. While filing your tax returns, you must mention your RD interest income under the sub-header ‘income from other sources’. As per government rules, the bank deducts the TDS (Tax Deducted at Source) while crediting your RD interest income. TDS is deducted at 10% on interest income exceeding INR 40,000 for regular investors and and INR 50,000 for senior citizen investors.


You can calculate the interest income on your Recurring Deposit with the digibank RD calculator. Just type in the monthly RD amount you wish to invest and your preferred investment tenure. The calculator applies the applicable interest rate and computes the total interest you stand to earn based on your chosen investment tenure. Click here to access the RD calculator.

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