MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹ 1,000* on Loans Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Indian Bank RD Interest Calculator

RD Calculator Indian Bank in India Jan 2021

Last Updated 22nd Jan 2021

Tenure General Rates Senior Citizen Rates
180 days 3.95% 4.45%
181 days to 269 days 4.45% 4.95%
9 months to 364 days 4.45% 4.95%
1 year 5.25% 5.75%
1 year 1 day to 1 year 364 days 5.15% 5.65%
2 years to 2 years 364 days 5.15% 5.65%
3 years to 10 years 5.15% 5.65%

    Calculate RD Maturity Amount of All Banks in India

    Indian Bank RD Calculator
    Investment Offers with High Returns offerOffers
    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD6.85%60 MonthsAPPLY
    PNB Housing Finance FD6.95%120 MonthsAPPLY
    DBS Bank Savings Account5.00%N.A.APPLY

    Indian Bank Recurring Deposit Calculator

    Indian Bank, a leading Public Sector Bank in India offers attractive interest rates upto 5.25% on its Recurring deposits.
    RD maturity amount that you will get depends upon

    • Deposit amount
    • Rate of interest
    • RD tenure
    • Compounding frequency
    • TDS applicability and TDS rate

    Indian Bank Recurring Deposit Interest Calculator

    • In a periodic interest payout option, Indian Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain same across the life of the deposit. On maturity of RD, unless the deposit is renewed, would transfer the principal amount to your bank account.
    • In case you opt for a Indian Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
    • Calculate the RD maturity amount using the RD calculator.

    Tax on Recurring Deposit Indian Bank

    • In case the interest earned by you across all your recurring deposits across all branches of Indian Bank in a year exceeds 10,000, the bank must deduct TDS at 10.3%. In case your IT PAN is not updated in the Indian Bank records, it must deduct twice the TDS at 20.6%. So, do remember to update your PAN on your RD.
    • We aren’t done yet. This was only the TDS. Now, you would need to add the interest income on all your Indian Bank RD’s and other RD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. You must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
    • Indian Bank will also issue you a Form 16A giving details of tax deducted on RD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.

    Indian Bank RD interest rate calculator – Check your city

    • Keep your KYC documents - PAN card, address proof and photo ready.
    • To know more or apply, contact any of the branches of Indian Bank in your city

    FAQs

    What is the highest interest earned on Indian Bank recurring deposit?

    You can earn a maximum interest of 5.25% on Indian Bank recurring deposit.

    Are there any extra benefits for senior citizens on fixed deposit of Indian Bank?

    Yes, senior citizens get extra benefit of 0.5% interest rates on their RD in Indian Bank.

    1 May I help you...

    Notification ×
    • Home Loan

      Home Loan starting at 7.55%. Cashback of up to ₹ 1,000 plus Free COVID Insurance of ₹ 1 lakh.

      Apply Now
    • Personal Loan

      Instant Personal Loan with Cashback of up to ₹ 1,000 or Free Corona Insurance Cover of up to ₹ 5 Lakhs.

      Check Offers
    • Fixed Deposit

      AAA rated FDs with returns as high as 6.95%.

      Invest Now
    • Demat Account

      Open Instant Demat Account and Get Cashback of ₹ 500*. *T&C Apply

      Apply Now
    • DBS Savings Account

      Open Account Online and Cashback of up to ₹ 4,800.

      Open Account
    • Gold Loan

      Instant Gold Loan starting at 9.90% with Cashback of up to ₹ 500 or Free Corona Health Cover of upto ₹ 1 Lakh.

      Apply Now
    • Loan Against Property

      Best Loan Against Property Offers starting @ 12.25%. Cashback of up to ₹ 1,000*.

      Apply Now
    • Credit Card

      Get amazing offers, discounts and welcome gift vouchers on SBI Credit Cards.

      Apply Now
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
    Loader
    Please wait while your information is being processed...