RBL Bank Recurring Deposit Calculator
Calculate your RD returns with latest RBL Bank rates
Highest RD Rate
7.4% p.a.
Best available rate by RBL Bank across tenures
Five Thousand rupees
Minimum amount varies by bank (typically ₹100 - ₹500)
Minimum period: 1 month (30 days). RDs are designed for regular monthly savings.
Used to calculate actual tax on RD interest. Select 0% if income below ₹3L
Maturity Amount
₹61,150
After 1 years
Total Investment
₹60,000
Interest Earned
₹1,150
Current Interest Rate
RBL Bank General Rate
per annum
RBL Bank Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
RBL 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 | 3.5% | ₹5,015 | 3.5% | ₹5,015 |
| 15 days to 45 days | 4% | ₹5,017 | 4% | ₹5,017 |
| 46 days to 90 days | 4.5% | ₹15,113 | 4.5% | ₹15,113 |
| 91 days to 180 days | 4.75% | ₹30,418 | 4.75% | ₹30,418 |
| 181 days to 240 days | 5.5% | ₹40,834 | 5.57% | ₹40,845 |
| 241 days to 364 days | 6.05% | ₹62,003 | 6.19% | ₹62,050 |
| 365 days (12 months) to 500 days | 7% | ₹84,085 | 7.19% | ₹84,199 |
| 501 days to less than 18 months | 7% | ₹95,156 | 7.19% | ₹95,301 |
| 18 months to 36 months | 7.2% | ₹201,453 | 7.4% | ₹202,093 |
| 36 months 1 day to less than 60 months | 7% | ₹360,053 | 7.19% | ₹361,886 |
| 60 months to 120 months | 6.7% | ₹856,036 | 6.87% | ₹864,180 |
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 RBL 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 RBL 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 7.2% for 3 years
₹23,328
Total Interest
TDS: ₹0
₹10,000/month RD
At 7.2% for 3 years
₹46,656
Total Interest
TDS: ₹665.6
₹25,000/month RD
At 7.2% for 3 years
₹116,640
Total Interest
TDS: ₹7,664
RBL Bank Recurring Deposit FAQs
Everything you need to know about RBL Bank Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for RBL Bank RD?
What is the current highest RD rate offered by RBL Bank?
Is the interest earned on RBL Bank RD taxable?
Can I miss a monthly installment in RBL Bank RD?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
