Indian Bank Recurring Deposit Calculator
Calculate your RD returns with latest Indian Bank rates
Highest RD Rate
7.3% p.a.
Best available rate by Indian Bank across tenures
The Indian Bank Recurring Deposit (RD) offers competitive recurring-deposit interest rates, with a minimum monthly deposit of just ₹500. 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 (₹50,000 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
+₹918
Current Interest Rate
Indian Bank General Rate
2.80%
per annum
Indian Bank Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
Indian Bank Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 7 days to 14 days | 2.8% | ₹5,012 | 3.3% | ₹5,014 |
| 15 days to 29 days | 2.8% | ₹5,012 | 3.3% | ₹5,014 |
| 30 days to 45 days | 3% | ₹5,013 | 3.5% | ₹5,015 |
| 46 days to 90 days | 3.25% | ₹15,081 | 3.75% | ₹15,094 |
| 91 days to 120 days | 3.5% | ₹20,146 | 4% | ₹20,167 |
| 121 days to 180 days | 3.85% | ₹30,339 | 4.35% | ₹30,383 |
| 181 days to less than 9 months | 4.5% | ₹45,852 | 5% | ₹45,948 |
| 9 months to less than 1 year | 4.75% | ₹61,566 | 5.25% | ₹61,734 |
| 1 year | 6.1% | ₹62,020 | 6.6% | ₹62,189 |
| Above 1 year to less than 2 years (Except special tenures) | 6.2% | ₹128,066 | 6.7% | ₹128,745 |
| Ind Supreme 2.0 (300 Days) | 6.3% | ₹51,467 | 6.8% | ₹51,585 |
| Ind Green (500 Days) | 6.4% | ₹83,725 | 6.9% | ₹84,025 |
| Ind Grow (555 Days) | 6.8% | ₹95,004 | 7.3% | ₹95,385 |
| Ind Prosper (777 Days) | 6.75% | ₹140,351 | 7.25% | ₹141,157 |
| 2 years to less than 3 years (Except 777 days) | 6.15% | ₹198,133 | 6.65% | ₹199,705 |
| 3 years to less than 5 years | 6.05% | ₹351,060 | 6.55% | ₹355,757 |
| 5 year | 6% | ₹350,594 | 6.5% | ₹355,284 |
| Above 5 years | 6% | ₹1,461,364 | 6.75% | ₹1,559,546 |
Important Notes
- Min monthly: ₹500
- 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 Indian 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 Indian 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 6.8% for 3 years
₹22,032
Total Interest
TDS: ₹0
₹10,000/month RD
At 6.8% for 3 years
₹44,064
Total Interest
TDS: ₹406.4
₹25,000/month RD
At 6.8% for 3 years
₹110,160
Total Interest
TDS: ₹7,016
Indian Bank Recurring Deposit FAQs
Everything you need to know about Indian Bank Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for Indian Bank RD?
What is the current highest RD rate offered by Indian Bank?
Is the interest earned on Indian Bank RD taxable?
Can I miss a monthly installment in Indian Bank RD?
How is interest calculated on Indian Bank RD?
What happens if I close my Indian Bank RD before maturity?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
