State Bank of India
Recurring Deposit Calculator
Calculate your Recurring Deposit returns with latest SBI interest rates. Plan your monthly savings and get accurate maturity amounts.
Minimum amount varies by bank (typically ₹100 - ₹500)
Typical RD terms: 6 months to 10 years
Current RD rates: 6.0% - 8.0%
Your Tax Slab Rate
Used to calculate actual tax on RD interest
Select 0% if income below ₹3L
New Tax Regime (Budget 2023)
Higher exemption limit (₹3L vs ₹2.5L). Select the rate based on your total annual income.
Important Notes:
• This is your personal income tax rate, not TDS
• TDS (10%) is deducted separately if interest exceeds ₹40,000
• You can claim TDS as advance tax while filing returns
SBI Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
SBI Recurring Deposit Interest Rates
Latest interest rates for different tenures
| Tenure | General Rate | Senior Citizen Rate |
|---|---|---|
| 1 year | 6.5% | 7% |
| 2 years | 7% | 7.5% |
| 3 years | 7% | 7.5% |
| 5 years | 6.5% | 7% |
Important Notes
- • Min monthly: ₹100
- • Penalty: 1% on closure
- • TDS if interest > ₹40,000
- • 15 days grace for missed EMI
Key Benefits
- • Disciplined monthly savings
- • Higher than savings rates
- • Auto-debit facility
- • Loan against RD available
Tax & TDS on SBI 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 SBI 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% for 3 years
₹22,680
Total Interest
TDS: ₹0
₹10,000/month RD
At 7% for 3 years
₹45,360
Total Interest
TDS: ₹536
₹25,000/month RD
At 7% for 3 years
₹113,400
Total Interest
TDS: ₹7,340
SBI RD at a Glance
Key information and features about State Bank of India Recurring Deposits
SBI Quick Info- Largest branch network in India
- Government backing and security
- Online FD booking available
- Competitive interest rates
- Easy premature withdrawal
SBI 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
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