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RBL Bank RD Interest Calculator

RD Calculator RBL Bank in India Jan 2022

Last Updated 14th Jan 2022

Tenure General Rates Senior Citizen Rates
180 days 4.50% 5.00%
181 days to 240 days 5.00% 5.50%
241 days to 364 days 5.25% 5.75%
1 year to 1 year 364 days 6.00% 6.50%
2 years to 2 years 364 days 6.00% 6.50%
3 years 2 days to 4 years 364 days 6.30% 6.80%
5 years to 9 years 364 days 6.30% 6.80%
3 years to 3 years 1 day 6.30% 6.80%

    Calculate RD Maturity Amount of All Banks in India

    Yes Bank
    Returns bhi, Rewards bhi
    5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
    Earn up to 50k** YES Rewardz Points in 1st year
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    Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
    RBL Bank RD Calculator
    Investment Offers with High Returns offerOffers
    Bank/NBFCs Rate Tenure Action
    Bajaj Finance FD7.05%60 MonthsAPPLY
    PNB Housing Finance FD6.95%60 MonthsAPPLY
    Yes Bank Savings Account5.50%N.A.APPLY

    RBL Bank Recurring Deposit Calculator

    RBL Bank, a leading Private Bank in India offers attractive interest rates upto 6.30% 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

    RBL Bank Recurring Deposit Interest Calculator

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

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

    RBL 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 RBL Bank in your city


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

    You can earn a maximum interest of 6.30% on RBL Bank recurring deposit.

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

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

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    RBL Bank News - Jan 2022
    • 2021-06-02 : RBL Bank revised its Fixed Deposit rates
      With effect from 1 June 2021, RBL Bank revised its interest rates on FD. The revised rate for a tenure of 7-14 days is 3.25%; for 15-45 days the rate is 4%; the rate for 46-90 days is 4.50%; for 91-180 days it is 4.75%, and for 181-240 days it is 5.25%, it is 5.50% for 241-364 days the rate is 6.10%. For longer tenures of 1-2 years and 364 days, the rate is 6.30% for 3 years and one day the rate is 6.25% and for 3 years 2 days to 20 years
    • 2021-03-09 : RBL Bank planning branch expansion
      RBL Bank plans aggressive branch expansion over the next few years and target to open at least 75 new branches annually. The expansion will help the bank to increase its loan and deposits portfolio.
    • 2020-10-30 : RBL Bank Q2 net profit surges to ₹144 cr
      RBL Bank reported almost a three times increase in profit in the quarter ended September backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans. Further, Net profit rose to Rs 144 crore in the quarter ended September 2020 up from Rs 54 crore a year earlier supported by 23% growth in retail advances year on year even as wholesale advances continued to shrink.
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