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IndusInd Bank RD Interest Calculator

RD Calculator IndusInd Bank in India Jul 2021

Last Updated 25th Jun 2021

Tenure General Rates Senior Citizen Rates
12 months 8.00% 8.50%
15 months 7.75% 8.25%
18 months 7.75% 8.25%
21 months 7.75% 8.25%
24 months 7.50% 8.00%
27 months 7.50% 8.00%
30 months 7.50% 8.00%
33 months 7.50% 8.00%

    Calculate RD Maturity Amount of All Banks in India

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    IndusInd Bank RD Calculator
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    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD6.75%60 MonthsAPPLY
    PNB Housing Finance FD6.95%60 MonthsAPPLY
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    IndusInd Bank Recurring Deposit Calculator

    IndusInd Bank, a leading Private Bank in India offers attractive interest rates upto 8.00% 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

    IndusInd Bank Recurring Deposit Interest Calculator

    • In a periodic interest payout option, IndusInd 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 IndusInd 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 IndusInd Bank

    • In case the interest earned by you across all your recurring deposits across all branches of IndusInd 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 IndusInd 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 IndusInd 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).
    • IndusInd 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.

    IndusInd 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 IndusInd Bank in your city

    FAQs

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

    You can earn a maximum interest of 8.00% on IndusInd Bank recurring deposit.

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

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


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    IndusInd Bank News - Jul 2021
    • 2021-06-14 : IndusInd bank revised its FD rates for the month of June
      With effect from June 04, 2021, IndusInd revised its FD rates. The FD rate for 7 to 30 days is 2.75%, for 31 to 45 days the rate stands at 3%, for 46 to 60 days the rate stands at 3.5%. The rate for 61 to 90 days is 3.75%, for 91 to 120 days the rate stands at 4% and 4.5% for 121 to 180 days. It is 5% for 181 to 210 days. Further, the rate for 211 to 269 days is 5.25%, for 270 days to 364 days it is 5.50% and stands at 6.% for 1 to 2 years. From 2 years to 3 years the interest rate is highest at 6.5%. Further, the rate for long tenure of 5 to 10 years stands at 6%.
    • 2021-01-08 : IndusInd Bank reported 11% growth in Q3 deposits
      IndusInd Bank posted a 3.2% quarter-on-quarter growth in the net advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans in the December quarter. Further, the bank also posted a 5% quarterly growth in deposits which includes fixed and recurring deposits.
    • 2020-01-15 : IndusInd Bank Q3 net profit rose by 32%
      Private sector IndusInd Bank reported an increase in profit by 32% to Rs 1300.20 crores for the 3rd quarter of the current financial year. In addition to this, total income for Q3 rose by 25.4% to Rs 9073.93 crores and net interest income increased by 34% to 3074 crores. Total deposits rose to ₹2,16,713 crore in December quarter due to an increase in fixed and recurring deposits
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