IndusInd Bank Recurring Deposit Calculator
The IndusInd Bank Recurring Deposit Calculator is a simple and effective tool that helps you estimate the maturity value of your recurring deposit based on your monthly investment, tenure, and the applicable interest rate. Whether you’re planning for a short-term goal or long-term savings, this calculator allows you to plan systematically by providing accurate projections of your returns. It eliminates the need for manual calculations and helps you make informed financial decisions with ease.
Benefits of the IndusInd Bank Recurring Deposit Calculator
- Instant Maturity Estimate - Get a quick and accurate projection of your RD maturity amount based on your monthly deposit, tenure, and interest rate.
- Saves Time and Effort - Eliminates the need for manual calculations or complex formulas—just input the details, and the calculator does the rest.
- User-Friendly Interface - Easy to use for anyone, whether you’re new to banking or a seasoned investor.
- Helps in Financial Planning - Allows you to adjust deposit amounts and tenure to plan and achieve specific financial goals like travel, education, or emergencies.
- Error-Free Calculations - Reduces the chances of manual errors, giving you reliable results for better decision-making.
- Customizable Inputs - You can modify monthly deposit amounts, interest rates, and tenure to compare different saving strategies.
- Accessible Anytime - Available online, so you can use it anytime from anywhere—whether on your phone or computer.
- No Registration Needed - Completely free to use with no login or personal details required.
IndusInd Bank Recurring Deposit – Key Features
Secure your savings with a fixed monthly investment through a recurring deposit account at IndusInd Bank and benefit from attractive interest rates and flexible terms.
- Monthly Contribution : A fixed installment is transferred to your RD account every month through a standing instruction, ECS mandate, or direct remittance.
- Minimum Opening Balance : ₹1,000
- Maximum Deposit Limit : Up to ₹3 crore
- Interest Rates : Applicable as per current term deposit rates, with additional benefits for senior citizens.
- TDS Deduction : Interest earned is subject to TDS as per the prevailing income tax laws.
- Tenure Options : Flexible deposit period ranging from 12 months to 120 months.
- Nomination Facility : Available for all RD accounts.
- Premature Closure : Permitted as per the bank’s terms and conditions.
- Deposit Multiples : Monthly installments must be in multiples of ₹100.
Formula For Calculating IndusInd Bank Recurring Deposit
Here’s the standard formula used to calculate the maturity amount for an IndusInd Bank Recurring Deposit, which follows the compound interest method with quarterly compounding:
M=R×1−(1+i)−1/3(1+i)n−1
Where:
- M = Maturity amount
- R = Monthly deposit (installment amount)
- n = Total number of deposits (months)
- i = Quarterly interest rate = (Annual interest rate ÷ 4) ÷ 100
How to Use Wishfin IndusInd Bank Recurring Deposit Calculator?
- Go to the Calculator Page: Search for Wishfin IndusInd Bank Recurring Deposit Calculator.
- Enter Monthly Investment Amount: Input the amount you plan to deposit every month. Wishfin allows you to calculate a minimum monthly installment of ₹500, in multiples of ₹100 thereafter.
- Specify the Interest Rate: Enter the annual interest rate applicable to your Recurring Deposit. IndusInd Bank Recurring Deposit interest rates vary based on the tenure and are compounded quarterly.
- Select the Tenure: Choose the duration of your Recurring Deposit investment, ranging from 12 to 120 months.
-
Calculate Maturity Amount:
After entering the above details, the calculator will display:
- Total Investment : The Sum of all monthly deposits over the chosen tenure.
- Estimated Returns : Interest earned over the investment period.
- Maturity Value : The Total amount you will receive at the end of the tenure, combining both principal and interest.
IndusInd Bank Recurring Deposit Interest Rates (2025)
IndusInd Bank offers competitive interest rates on recurring deposits (RDs), with special benefits for senior citizens. The applicable rate depends on the chosen deposit tenure.
| Tenure | General citizen Rate (p.a.) | Senior Citizen Rate (p.a.) |
|---|---|---|
|
9 Months |
7.00% |
7.50% |
|
12 Months |
7.50% |
8.00% |
|
15 Months |
7.75% |
8.25% |
|
18 Months |
7.50% |
8.00% |
|
21 Months |
7.50% |
8.00% |
|
24 Months |
7.50% |
8.00% |
|
27 Months |
7.25% |
7.75% |
|
30 Months |
7.25% |
7.75% |
|
33 Months |
7.25% |
7.75% |
|
36 Months |
7.25% |
7.75% |
|
39 Months |
7.25% |
7.75% |
|
Above 3 years 3 months to below 61 months |
7.10% |
7.60% |
|
61 Months and Above |
7.00% |
7.50% |
Additional Information
- Tenure : The RD tenure must be in multiples of a month. The applicable rate will be aligned with the corresponding fixed deposit (FD) rate.
- Minimum Deposit : ₹500 per month, in multiples of ₹100 thereafter.
- Minimum Tenure : 12 months. (Note: Only BFIL customers can book an RD for less than 1 year.)
Conclusion
The IndusInd Bank Recurring Deposit Calculator is a simple yet effective tool designed to help customers plan their savings with clarity and precision. By offering instant estimates of the maturity value based on monthly contributions, interest rates, and tenure, the calculator allows users to visualize the future value of their investments effortlessly.
Whether you're saving for a short-term goal or building a long-term corpus, this calculator helps eliminate guesswork and enables smarter financial planning. It's user-friendly, accessible online, and ideal for comparing different deposit scenarios to choose the one that best suits your financial objectives.
In essence, the IndusInd Bank Recurring Deposit Calculator ensures you stay informed, organized, and in control of your savings journey.
Frequently Asked Questions (FAQs)
