Indian Overseas Bank
Recurring Deposit Calculator
Highest RD Rate
7.1% p.a.
Best available rate by IOB across tenures
IOB Recurring Deposit Calculator
Minimum amount varies by bank (typically ₹100 - ₹500)
Minimum period: 1 month (30 days). RDs are designed for regular monthly savings.
Your Tax Slab Rate
Used to calculate actual tax on RD interest
Select 0% if income below ₹3L
Best Recurring Deposit Rates Comparison 2025
Compare RD interest rates across top banks - General rates for 1 year
Kotak
Maturity
₹62.5K
Interest
₹2.5K
Axis
Maturity
₹62.4K
Interest
₹2.4K
HDFC
Maturity
₹62.3K
Interest
₹2.3K
ICICI
Maturity
₹62.3K
Interest
₹2.3K
Union Bank
Maturity
₹62.3K
Interest
₹2.3K
IndusInd
Maturity
₹62.2K
Interest
₹2.2K
SBI
Maturity
₹62.2K
Interest
₹2.2K
PNB
Maturity
₹62.1K
Interest
₹2.1K
Canara Bank
Maturity
₹62.1K
Interest
₹2.1K
BOB
Maturity
₹62.0K
Interest
₹2.0K
IOB
Maturity
₹61.9K
Interest
₹1.9K
Highest Rate
7.40%
Kotak
Max Interest
₹2.5K
Best Return
Rate Spread
1.80%
Difference
Banks Available
11
Compared
IOB Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
IOB Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | Senior Citizen Rate |
|---|---|---|
| 7-14 days | 3% | 3.5% |
| 15-29 days | 3% | 3.5% |
| 30-45 days | 3% | 3.5% |
| 46-60 days | 4.5% | 5% |
| 61-90 days | 4.5% | 5% |
| 91-179 days | 4.9% | 5.4% |
| 180-210 days | 5.6% | 6.1% |
| 211-270 days | 5.6% | 6.1% |
| 271-302 days | 5.6% | 6.1% |
| 303 days | 5.5% | 6% |
| 304 days-1 year | 5.6% | 6.1% |
| 1 year | 6.25% | 6.75% |
| 1-389 days | 6.4% | 6.9% |
| 390 days | 6.6% | 7.1% |
| 391-505 days | 6.4% | 6.9% |
| 506 days | 6.3% | 6.8% |
| 507 days-2 years | 6.4% | 6.9% |
| 2-3 years | 6.4% | 6.9% |
| 3-1203 days | 6.25% | 6.75% |
| 1204 days | 6.15% | 6.65% |
| 1205 days-5 years | 6.25% | 6.75% |
| 5-1894 days | 6% | 6.8% |
| 1895 days | 5.85% | 6.65% |
| 1896 days-10 years | 6% | 6.8% |
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 IOB 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 IOB 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 6.6% for 3 years
₹21,384
Total Interest
TDS: ₹0
₹10,000/month RD
At 6.6% for 3 years
₹42,768
Total Interest
TDS: ₹276.8
₹25,000/month RD
At 6.6% for 3 years
₹106,920
Total Interest
TDS: ₹6,692
IOB Recurring Deposit FAQs
Everything you need to know about lumpsum investments
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
Related Calculators
Explore more financial calculators to make comprehensive financial planning decisions
Need More Calculators?
Explore our complete collection of financial calculators for all your planning needs