SB
SBI Recurring Deposit (RD) Calculator
6.80% p.a.Current Rate
Up to 6.80% p.a.
Senior Citizen Rate
Up to 7.30% p.a.
Min Monthly Deposit
₹100
Rates shown are indicative as of June 2025. Verify current rates with State Bank of India before applying.
Maturity amount
$61,905.78
- Deposited
- Interest
- Total deposited
- $60,000.00
- Interest earned
- $1,905.78
- Maturity amount
- $61,905.78
Across 12 monthly deposits you put in 60,000 and earn about 1,906 in interest. Because each instalment only earns interest for the time it stays invested, an RD earns less than a single lumpsum FD of the same total amount.
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Frequently asked questions
- What is the current SBI RD interest rate?
- SBI's indicative RD rate is 6.80% p.a.. SBI RD rate for general public (1–2 years) as of June 2025.
- How is RD maturity value calculated?
- RD maturity uses monthly compounding: M = R × [(1+r)^n – 1] / (1 – (1+r)^(–1/3)), where R is monthly deposit, r is quarterly rate, and n is number of quarters.
- What happens if I miss an SBI RD instalment?
- A penalty of ₹1–2 per ₹100 per month is typically charged on the missed instalment. Multiple defaults may lead to the RD being treated as a broken deposit.
- Is SBI RD interest taxable?
- Yes. RD interest is fully taxable as per your income tax slab. TDS is deducted if aggregate interest across all deposits exceeds ₹40,000 per year.
Looking for the generic version? Open the standard Recurring Deposit (RD) Calculator