Central Bank of India Recurring Deposit Calculator
Calculate your RD returns and maturity amount with latest Central Bank interest rates
7.35% p.a.
Best available rate by Central Bank across all tenures
Aug 2026
Accurate interest rates synced with official schedules
The Central Bank Recurring Deposit (RD) offers competitive recurring-deposit interest rates, with a minimum monthly deposit of just ₹100. Interest is compounded quarterly, and your maturity amount depends on the monthly installment and tenure you choose — use the calculator below to see your exact returns. TDS applicable if interest exceeds ₹50,000 per annum (₹1,00,000 for senior citizens)
Minimum amount varies by bank (typically ₹100 - ₹500)
Used to calculate actual tax on RD interest. Select 0% if income below ₹3L
Maturity Amount
Total Investment
₹60,000
Interest Earned
+₹982
Current Interest Rate
Central Bank General Rate
3.00%
per annum
Central Bank Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
Central Bank Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 7-14 days | 3% | ₹5,012 | 3.5% | ₹5,015 |
| 15-30 days | 3.5% | ₹5,015 | 4% | ₹5,017 |
| 31-45 days | 3.5% | ₹5,015 | 4% | ₹5,017 |
| 46-59 days | 4.25% | ₹10,053 | 4.75% | ₹10,059 |
| 60-90 days | 4% | ₹15,100 | 4.5% | ₹15,112 |
| 91-179 days | 4.25% | ₹30,373 | 4.75% | ₹30,417 |
| 180-270 days | 5.5% | ₹46,039 | 6% | ₹46,134 |
| 271-364 days | 6% | ₹61,976 | 6.5% | ₹62,143 |
| 1 yr to less than 2 yrs | 6.1% | ₹1,27,889 | 6.6% | ₹1,28,560 |
| 2 yr to less than 3 years | 6.25% | ₹1,98,345 | 6.75% | ₹1,99,902 |
| 3 yr to less than 5 years | 6% | ₹3,50,318 | 6.5% | ₹3,54,954 |
| 5 years & above upto 10 years | 6% | ₹8,22,145 | 6.5% | ₹8,44,940 |
| 333 days (Special Term Deposit, Callable) | 6.5% | ₹56,810 | 7% | ₹56,951 |
| 333 days (Special Term Deposit, Non-Callable) | 6.6% | ₹56,838 | 7.1% | ₹56,980 |
| 444 days (Callable) | 6.75% | ₹78,445 | 7.25% | ₹78,706 |
| 444 days (Non-Callable) | 6.85% | ₹78,498 | 7.35% | ₹78,759 |
| 555 days (Callable) | 6.3% | ₹94,600 | 6.8% | ₹94,975 |
| 555 days (Non-Callable) | 6.4% | ₹94,675 | 6.9% | ₹95,050 |
| 1111 days (Cent Green) | 6.25% | ₹2,04,398 | 6.75% | ₹2,06,049 |
| 2222 days (Cent Green) | 6.5% | ₹4,48,139 | 7% | ₹4,55,446 |
| 3333 days (Cent Green) | 6.5% | ₹7,51,927 | 7% | ₹7,70,986 |
Important Notes
- Min monthly: ₹100
- Penalty: 1% on premature closure
- TDS if interest exceeds ₹50,000 a year (₹1 lakh for senior citizens)
- Late or missed instalments may attract a penalty
Key Benefits
- Disciplined monthly savings habit
- Higher rates than savings accounts
- Auto-debit facility available
- DICGC insurance up to ₹5,00,000
Tax & TDS on Central Bank Recurring Deposits
Understanding tax implications and deductions on your RD investments
Section 80C
RDs do not qualify for the ₹1.5 lakh Section 80C deduction (only 5-year tax-saving FDs do, under the old tax regime)
Senior Citizens
Higher TDS threshold of ₹1 lakh a year for those aged 60 and above, who can also deduct up to ₹50,000 of deposit interest under the old regime
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
• For 80C, look at PPF, NSC or a 5-year tax-saving FD instead
TDS Rate
10%
TDS Threshold
₹50,000
TDS Calculation
TDS is deducted at 10% if your total deposit interest with Central Bank exceeds ₹50,000 in a financial year (₹1 lakh for senior citizens). It is a deduction threshold, not an exemption: all the interest is taxable.
TDS applies to interest earned each year, not to your deposits
No TDS on monthly installments
Form 26AS shows TDS deducted at maturity
Can be claimed as advance tax while filing ITR
₹5,000/month RD
At 6.85% for 3 years
₹20,216
Total Interest
Tax at 30% slab (before cess): ₹6,065
₹10,000/month RD
At 6.85% for 3 years
₹40,431
Total Interest
Tax at 30% slab (before cess): ₹12,129
₹25,000/month RD
At 6.85% for 3 years
₹1,01,078
Total Interest
Tax at 30% slab (before cess): ₹30,323
Central Bank Recurring Deposit FAQs
Everything you need to know about Central Bank Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for Central Bank RD?
What is the current highest RD rate offered by Central Bank?
Is the interest earned on Central Bank RD taxable?
Can I miss a monthly installment in Central Bank RD?
How is interest calculated on Central Bank RD?
What happens if I close my Central Bank RD before maturity?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
