Federal Bank Recurring Deposit Calculator
Calculate your RD returns with latest Federal Bank rates
Highest RD Rate
7.2% p.a.
Best available rate by Federal Bank across tenures
The Federal 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 ₹40,000 per annum
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
+₹984
Current Interest Rate
Federal Bank General Rate
3.00%
per annum
Federal Bank Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
Federal Bank Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 7 days to 29 days | 3% | ₹5,013 | 3.5% | ₹5,015 |
| 30 days to 45 days | 3.25% | ₹5,014 | 3.75% | ₹5,016 |
| 46 days to 90 days | 4.25% | ₹15,107 | 4.75% | ₹15,119 |
| 91 days to 180 days | 4.5% | ₹30,396 | 5% | ₹30,441 |
| 181 days | 6% | ₹30,529 | 6.5% | ₹30,574 |
| 182 days to 270 days | 5.5% | ₹46,044 | 6% | ₹46,140 |
| 271 days to less than 1 year | 6% | ₹61,986 | 6.5% | ₹62,155 |
| 1 year | 6.25% | ₹62,071 | 6.75% | ₹62,240 |
| Above 1 year to less than 15 Months | 6.4% | ₹78,281 | 6.9% | ₹78,544 |
| 15 Months | 6.6% | ₹78,386 | 7.1% | ₹78,650 |
| Above 15 months to less than 48 months | 6.4% | ₹2,67,695 | 6.9% | ₹2,70,484 |
| 48 months | 6.7% | ₹2,69,364 | 7.2% | ₹2,72,175 |
| Above 48 months to 10 years | 6.4% | ₹8,41,896 | 6.9% | ₹8,65,627 |
Important Notes
- Min monthly: ₹100
- Penalty: 1% on premature closure
- TDS applicable if annual interest exceeds ₹40,000
- 15 days grace period for missed installments
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 Federal Bank Recurring Deposits
Understanding tax implications and deductions on your RD investments
Section 80C
Tax-saving RDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C
Senior Citizens
Higher TDS exemption limit of ₹50,000 for citizens above 60 years
• Regular RDs don't qualify for Section 80C deduction
• Interest income is fully taxable as per income tax slab
• Form 15G/15H can be submitted to avoid TDS
• NSC and other alternatives also qualify for 80C
TDS Rate
10%
Exemption Limit
₹40,000
TDS Calculation
TDS is deducted at 10% if total interest from all RDs with Federal Bank exceeds ₹40,000 in a financial year
TDS is calculated on maturity amount
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 6.7% for 3 years
₹21,708
Total Interest
TDS: ₹0
₹10,000/month RD
At 6.7% for 3 years
₹43,416
Total Interest
TDS: ₹341.6
₹25,000/month RD
At 6.7% for 3 years
₹1,08,540
Total Interest
TDS: ₹6,854
Federal Bank Recurring Deposit FAQs
Everything you need to know about Federal Bank Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for Federal Bank RD?
What is the current highest RD rate offered by Federal Bank?
Is the interest earned on Federal Bank RD taxable?
Can I miss a monthly installment in Federal Bank RD?
How is interest calculated on Federal Bank RD?
What happens if I close my Federal Bank RD before maturity?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
