Central Bank of India RD Calculator 2026

Central Bank of India Recurring Deposit Interest Rates for General Public

The rate of interest for recurring deposits for Resident Indians for amounts up to Rs.3 crore per month is given in the table below:

Maturity Period	Interest Rates for General Public(p.a.)
180 to 270 days	5.50%
271 to 364 days	5.50%
1 year to less than 2 years	6.70%
2 years to less than 3 years	7.00%
2 years to less than 5 years	6.75%
More than 5 years and up to 10 years	6.50%

Note: The interest rates mentioned in the table above 10 June 2025. Rates are subject to change at the sole discretion of the bank.   

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Central Bank of India Recurring Deposit Interest Rates for Senior Citizens

Senior citizens (60 years to 80 years) are given 0.50% additional interest.

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Benefits of Central Bank of India RD Calculator

There are several benefits to using the Central Bank of India RD calculator:

1. Error-free calculations
2. Easily accessible from your mobile, tablet, laptop, or desktop
3. Completely free to use
4. Easy and intuitive to use
5. Instant results
6. Compare the interest rates between different maturity periods

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Factors Influencing Central Bank of India RD Interest and Maturity Amount

The rate of interest on your Central Bank of India RD is influenced by a variety of factors some of which are:

1. Depositor's Age: Anyone above the age of 60  years is offered an additional interest rate of up to 0.50% on their deposits compared to the general public.

1. Deposit Maturity Period: The maturity period will determine how much your maturity amount will be as the interest rate is different from one tenure to another.
2. RBI Reverse Repo Rate: The Reserve Bank of India's reverse repo rate is the rate at which the RBI takes loans from commercial banks. This is directly linked with the RD interest rate.

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How Compounding Works in Central Bank of India RD

Central Bank of India recurring deposits accumulate interest which is on a compounding basis every quarter. This means that when you open an RD account on 1 May, the interest will compound on 1 August, 1 November, 1 February, and 1 May. This cycle will repeat till the maturity period is reached.

The formula for calculating the compounding interest is given below:

M = R x {(1 + n) x n - 1} / 1- (1 + i) (-1/3)

Where:

M = Maturity value

R = Deposit amount

n = Maturity period (in quarters)

i = Rate of interest divided by (4×100).

The Central Bank of India online calculator is based on this formula. So, using the calculator, you can find out how much you will earn. To take the example given below:

If you open a Central Bank of India RD account with an initial deposit of Rs.1,000 for a period of 1 year, the interest rate is 4.30% p.a., so your maturity amount at the end of 1 year will be Rs.12,283.

However, if you use the Central Bank of India RD online calculator instead, you will get an error-free calculation that is quicker and error-free when compared to a manual calculation.

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A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Central Bank of India RD Calculator

• What is the difference between the Central Bank RD calculator and a digital calculator?

  If you are using any other calculator, you will have to know and input the formula that is used to calculate the maturity amount of an RD. But if you use the Central Bank RD calculator, all you have to do is enter the required information in the relevant fields (such as the deposit amount, tenure, interest rate, etc.) and the calculator will instantly generate the result on the same page.

• How many times can I use the RD calculator of Central Bank of India for free?

  You can use the RD calculator of the Central Bank of India completely free of charge any number of times a day.

• Will the Central Bank RD calculator be able to show me how much tax I will have to pay on my RD on maturity?

  You only have to pay tax on your RD if the interest component exceeds Rs.40,000 (Rs.50,000 for senior citizens). There is no tax if the interest is less than this amount. The RD calculator cannot be used to calculator tax. It will only tell you what the maturity amount will be, based on the interest rate and deposit tenure, so that you can take the best decision for your RD account.

• Does the RD calculator already have the interest rates on it?

  No, the RD calculator does not have the interest rates given. You will have to provide the interest rates based on the information provided by the bank or that which is given for your reference here on this page.

• Is the RD calculator of Central Bank of India a mobile app?

  No, the Central Bank of India's RD calculator is not a mobile app. It is an online tool on the bank's official website.

• Are there any hidden charges not considered by the RD Calculator?

  No, there are no hidden charges involved while using the RD calculator, but it's important to be aware of any additional charges or taxes that might affect the actual returns. Check with the bank or refer to the terms and conditions. 

• What happens if I miss a monthly RD installment?

  Missing a monthly RD installment might attract penalties or affect the interest calculation, thereby affecting the RD maturity amount. It's crucial to understand the bank's policy on missed payments before you make an investment.

• Can I use the RD calculator for joint accounts or different types of RD schemes?

  The RD calculator is generally designed to work for individual accounts and standard RD schemes. For joint accounts or specialized schemes, it's recommended to check with the bank for specific calculations. 

• How can I open an RD account with Central Bank of India based on the calculator results?

  Once you have an estimate using the RD calculator, you can visit the nearest Central Bank of India branch or use the online banking platform to open an RD account. Follow the bank's procedures for account opening and provide the necessary documents.