South Indian Bank Recurring Deposit Calculator
Calculate your RD returns with latest South Indian Bank rates
Highest RD Rate
7.1% p.a.
Best available rate by South Indian 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
₹60,951
After 1 years
Total Investment
₹60,000
Interest Earned
₹951
Current Interest Rate
South Indian Bank General Rate
per annum
South Indian Bank Recurring Deposit Calculator Results
Year-wise breakdown of your monthly investments and returns
South 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 30 days | 2.9% | ₹5,012 | 3.4% | ₹5,014 |
| 31 days to 90 days | 3.5% | ₹15,088 | 4% | ₹15,100 |
| 91 days to 99 days | 4.5% | ₹15,113 | 5% | ₹15,125 |
| 100 days to 180 days | 4.8% | ₹30,423 | 5.3% | ₹30,467 |
| 181 days to 270 days | 5.5% | ₹46,044 | 6% | ₹46,140 |
| 271 days to less than 1 year | 5.9% | ₹61,952 | 6.4% | ₹62,121 |
| 1 year | 6.35% | ₹62,104 | 6.85% | ₹62,274 |
| Above 1 year to less than 2 years | 5.95% | ₹127,728 | 6.45% | ₹128,405 |
| 2 years | 6.6% | ₹128,609 | 7.1% | ₹129,291 |
| Above 2 years to less than 5 years | 6.2% | ₹352,461 | 6.7% | ₹357,182 |
| 5 years to less than 66 months | 5.7% | ₹381,516 | 6.2% | ₹387,051 |
| Tax Gain ( 5 Years ) | 5.7% | ₹347,818 | 6.2% | ₹352,461 |
| 66 months (Green deposit) | 6% | ₹384,825 | 6.5% | ₹390,420 |
| Above 66 months to upto and including 10 years | 5.7% | ₹810,021 | 6.2% | ₹832,631 |
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 South 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 South 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 6.6% 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
South Indian Bank Recurring Deposit FAQs
Everything you need to know about South Indian Bank Recurring Deposits, RD interest rates, and systematic savings planning
What is the minimum amount required for South Indian Bank RD?
What is the current highest RD rate offered by South Indian Bank?
Is the interest earned on South Indian Bank RD taxable?
Can I miss a monthly installment in South Indian Bank RD?
Compare RD Rates Across Banks
Calculate Recurring Deposit returns with different banks and find the best rates
