An internal-circulation-type ball screw includes a nut, a screw shaft, and two returning members. The nut has an internal-thread groove. The screw shaft passes through the nut and has an external-thread groove. The internally and external-thread grooves are aligned to form a helix channel. The screw shaft has a returning channel and two opposite receiving recesses. Each of the receiving recesses is radially communicated between the external-thread groove and the returning channel. The returning members are received in the receiving recesses of the screw shaft and each have a redirecting channel. The redirecting channel is connected between the helix channel and the returning channel, so that balls are allowed to circulate along the helix channel, the redirecting channel and the returning channel. Thereby, the internal-circulation-type ball screw provides good durability, reliability and smoothness in use.