Punjab & Sind Bank Recurring Deposit Calculator
Calculate your RD returns with latest PSB rates
Highest RD Rate
6.6% p.a.
Best available rate by PSB across tenures
The PSB 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 (₹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
+₹934
Current Interest Rate
PSB General Rate
2.85%
per annum
PSB Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
PSB Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | General Maturity | Senior Citizen Rate | Senior Maturity |
|---|---|---|---|---|
| 7 – 14 Days | 2.85% | ₹5,012 | 2.85% | ₹5,012 |
| 15 – 30 Days | 2.85% | ₹5,012 | 2.85% | ₹5,012 |
| 31 – 45 Days | 2.85% | ₹5,012 | 2.85% | ₹5,012 |
| 46 – 90 Days | 3.35% | ₹15,084 | 3.35% | ₹15,084 |
| 91 – 120 Days | 3.35% | ₹20,140 | 3.35% | ₹20,140 |
| 121 – 150 Days | 3.35% | ₹25,210 | 3.35% | ₹25,210 |
| 151 – 179 Days | 4.85% | ₹30,427 | 4.85% | ₹30,427 |
| 180 – 364 Days | 4.85% | ₹61,600 | 5.35% | ₹61,767 |
| 1 Year | 5.85% | ₹61,936 | 6.35% | ₹62,104 |
| 376 – 443 Days | 5.6% | ₹77,862 | 6.1% | ₹78,124 |
| 445 Days – 665 Days | 5.85% | ₹1,16,383 | 6.35% | ₹1,16,949 |
| 777 Days | 6.1% | ₹1,39,311 | 6.6% | ₹1,40,110 |
| 777 Days -998 Days | 5.85% | ₹1,79,413 | 6.35% | ₹1,80,716 |
| 1000 Days - <3 Years | 5.95% | ₹1,97,508 | 6.45% | ₹1,99,074 |
| 3Y - <44 Month | 5.85% | ₹2,39,714 | 6.35% | ₹2,41,989 |
| 44 Month (PSB Green Earth) | 5.95% | ₹2,40,167 | 6.45% | ₹2,42,447 |
| >44 Month < 5 Y | 5.85% | ₹3,49,203 | 6.35% | ₹3,53,869 |
| 5Y | 5.95% | ₹3,50,130 | 6.45% | ₹3,54,811 |
| >5Y<66 Month | 5.85% | ₹3,83,166 | 6.35% | ₹3,88,731 |
| 66 Months (PSB Green Earth) | 5.95% | ₹3,84,271 | 6.45% | ₹3,89,856 |
| >66 Month- 10 Year | 5.85% | ₹8,16,723 | 6.35% | ₹8,39,568 |
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 PSB 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 PSB 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 6.1% for 3 years
₹19,764
Total Interest
TDS: ₹0
₹10,000/month RD
At 6.1% for 3 years
₹39,528
Total Interest
TDS: ₹0
₹25,000/month RD
At 6.1% for 3 years
₹98,820
Total Interest
TDS: ₹5,882
PSB Recurring Deposit FAQs
Everything you need to know about PSB Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for PSB RD?
What is the current highest RD rate offered by PSB?
Is the interest earned on PSB RD taxable?
Can I miss a monthly installment in PSB RD?
How is interest calculated on PSB RD?
What happens if I close my PSB RD before maturity?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
