Recurring Deposit (RD) Calculator
Official RBI quarterly compounding formula for monthly deposits in banks with senior citizen bonus rates.
Recurring Deposit (RD) Calculator
Official RBI Quarterly Compounding formula for Indian Banks (SBI, HDFC, ICICI, Post Office)
Compounded quarterly as per RBI guidelines.
₹4,01,373
Guaranteed return backed by bank DICGC insurance up to ₹5 Lakh
₹3,60,000
₹41,373
7.00% p.a.
Claim TDS refunds on FD/RD interest with Digital Bharat Law
Did your bank deduct 10% TDS on your RD or FD under Section 194A? If your total annual income is below the taxable threshold, our team will file your ITR to get a 100% tax refund directly to your bank account.
Recurring Deposit & Systematic Savings Specialist
RBI Compounding & Short-Term Goal Planner · Digital Bharat Law
Suggested Questions for this Tool:
Understanding Recurring Deposit (RD) Calculator
A Recurring Deposit (RD) is a disciplined monthly savings scheme that allows individuals to deposit a fixed amount every month for a pre-determined tenure (from 6 months to 10 years) at a guaranteed interest rate.
In Indian banking, RD interest is calculated on a quarterly compounding basis using the standard Indian Banks' Association (IBA) formula. Senior citizens receive an additional 0.50% p.a. interest benefit.
* Each monthly installment earns compound interest for the remaining quarters of the tenure.
Key Regulatory Rules & Thresholds (FY 2025–27)
Essential departmental provisions, tax brackets, and statutory compliance mandates.
Quarterly Compounding Standard
RBI StandardUnlike simple monthly interest, Indian banks compound RD interest every 3 months under RBI guidelines.
TDS Applicability under Sec 194A
Sec 194AFinance Act 2015 brought recurring deposits under Section 194A TDS: interest exceeding ₹40,000 p.a. attracts 10% TDS.
Senior Citizen Extra Interest
+0.50% SeniorIndividuals aged 60 and above receive an additional 0.50% per annum on recurring deposits across banks.
Installment Default Penalty
Default RuleMissing a monthly RD installment attracts a bank penalty of ~₹1.50 to ₹2.00 per ₹100 per month.
Frequently Asked Questions
Authoritative answers to common questions verified by our accredited legal & compliance panel.
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