Indian Bank RD Calculator 2025

Indian Bank Recurring Deposit (RD) Interest Rates

The interest rates on recurring deposits offered by Indian Bank are as follows: 

Period of Investment for Recurring Deposit	Interest Rate (per annum)
181 days to less than 9 months	4.50%
9 months to less than one year	4.75%
One year	6.10%
Above one year to less than two years	6.60%
Two years to less than three years	6.40%
Three years to five years and above	6.00%

Note: These interest rates are effective from 9 June 2025. 

Senior citizens are eligible for an additional interest rate of 0.50% p.a. 

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Factors that Affect Indian Bank RD Interest Earnings

There are the four major factors that affect the interest rates of recurring deposits with the Indian Bank:

Tenure	The tenure or duration for which your deposits have been locked will influence the interest rate of your RD.
Reverse Repo Rate	Reverse repo rate is the interest rate at which the RBI avails their overnight loans from financial institutions. The changes in the rate will influence the interest rate for the bank's recurring deposits. An increase in the reverse repo rate will increase the Indian Bank RD interest rates.
Deposit Amount	The interest rate on your recurring deposit will vary depending on the amount of you have deposited. The interest rate for all deposits over Rs.2 crore will be lower than deposits below Rs.2 crore.
Age of Applicant	If you are a senior citizen, then you will be eligible to get an additional interest rate of 0.5% on your recurring deposit.

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How Compound Interest Is Calculated on Indian Bank RD

Indian Bank calculates the interest on your recurring deposit on a quarterly basis. If you open an RD account with the bank on 15 April 2020, your interest amount will be compounded on 15 July, 15 October, 15 January, and then on 15 April. This will be done on an annual basis until maturity.

The Indian Bank RD calculator 2020 works based on a standard formula:

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

In this formula,

1. M is maturity value
2. R is the monthly sum of your deposits
3. n refers to the maturity period (on a quarterly basis)
4. i represents the interest rate divided by 4

Here is an example to help you understand the calculation:

If you open a Normal RD account with the Indian Bank and you deposit Rs.1,000 every month for a period of 36 months. Here, your interest rate will be 5.65% per annum.

Let us put the information into the RD formula:

1. R = Rs.1,000
2. n = 12 [36 / 3]

1. i = 0.0141 [0.0565 / 4]
2. M = Rs. [1000 {(1 + 12) x 12 - 1} / 1 - (1 + 0.141) (-0.0141/3)] So, after calculation, M = Rs.39298.76

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Benefits of the Indian Bank RD Calculator

Here are the benefits of the Indian Bank RD interest calculator:  

1. The calculator gives accurate results immediately.
2. This is a very easy online tool to use and can be used multiple times, for various principal amounts and interest rates.
3. The online calculator works on the standard RD formula.
4. You can use the calculator for comparing the returns across various maturity periods.

Using the Indian Bank RD calculator for computing your earnings will help you make a more informed decision.

Recurring Deposit Rates by Banks

1. Uco Bank RD Interest Rates
2. Central Bank RD Interest Rates
3. Federal Bank RD Interest Rates
4. Indian Bank RD Interest Rates
5. Kotak Mahindra RD Interest Rates
6. IOB RD Interest Rates
7. Citybank RD Interest Rates
8. Indusind Bank RD Interest Rates
9. BOM RD Interest Rates

RD Article pages

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. Indian Bank Recurring Deposit
11. Union Bank Recurring Deposit
12. UCO Bank Recurring Deposit

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FAQs on Indian Bank RD Calculator

• Can I avail of additional interest on my Indian Bank RD if I am a senior citizen?

  Yes, senior citizens are eligible for an additional interest rate of 0.5% on their recurring deposits with Indian Bank. This incentive aims to provide extra benefits to elderly investors and enhance the overall returns on their investments.

• What are the benefits of using the Indian Bank RD calculator?

  The Indian Bank RD calculator offers several benefits, including immediate and accurate results, user-friendly online access, applicability for multiple scenarios, and adherence to a standard RD formula. It allows for easy comparison of returns across various maturity periods, aiding investors in making well-informed decisions. 

• How can I use the Indian Bank RD calculator to calculate my returns?

  Using the Indian Bank RD calculator is straightforward. Visit the official website, choose the type of RD scheme (Normal or Variable), and enter the deposit details including the monthly investment amount and tenure, and the calculator will provide you with the total returns. The tool is available online for easy accessibility. 

• What are the factors influencing the interest rates on Indian Bank RD?

  Several factors impact the interest rates of Indian Bank RD, including the tenure of the deposit, reverse repo rate fluctuations, the deposited amount (categorized as above or below Rs.2 crore), and the age of the applicant. Senior citizens are eligible for an additional 0.5% interest on their recurring deposits. 

• What is the range of Indian Bank RD tenure?

  Indian Bank offers a flexible range of tenure for its RD schemes. The tenure options typically start from as short as 120 days and can extend up to a maximum of above five years. Customers can choose a tenure that aligns with their financial goals and preferences, as the interest rates vary based on the duration for which deposits are locked in. 

• How is the interest rate on RD of Indian Bank compounded?

  The interest on Indian Bank RD is compounded quarterly. This means that the interest is calculated and added to the principal every quarter. If an individual opens an RD account on a specific date, the interest will be compounded on the same date every quarter until maturity. This quarterly compounding contributes to the overall returns on the recurring deposit.  

• Is it compulsory to use Indian bank RD calculator to know the returns?

  No, it is not mandatory to use an RD calculator to calculate returns on an RD. However, using this tool can be highly beneficial for individuals wanting to know about their returns on investment. It is easy to use, saves time and provides accurate results, which makes it a convenient tool. 

• Is it easy to use an RD calculator?

  Yes, the RD calculator is built in such a way that anyone can easily use it to calculate returns. You only need to input data correctly to obtain accurate results. 

• What information do I need to input on an RD calculator?

  You need to input information like amount of deposit, rate of interest, tenure of the RD, and compounding frequency, on an RD calculator. 

• Will I obtain accurate results using an RD calculator?

  Yes, in most cases, RD calculators provide an accurate result.  

• Can the RD calculator for compute interest for different RD schemes?

  Yes, RD calculators can be used for computing interest earned for different RD schemes. You only need to input the specific details of your RD scheme to calculate the expected maturity value. 

• How is an Indian bank RD calculator helpful in financial planning for investors? 

  The Indian bank RD calculator helps investors plan their financial future by calculating the potential return on their recurring deposits with the bank. By inputting different factors such as the amount of money invested and the duration of the investment, investors can make wise decisions about their savings objectives and future financial obligations.