IDBI Bank RD Calculator 2025

Why should I use the IDBI Bank RD Calculator?

There are a number of benefits of using the IDBI Bank Recurring Deposit Calculator. Some of them are as follows:

1. It is free to use.
2. It provides a clear picture of the plan.
3. It helps you understand the module of your pre-planned savings.
4. It will help you calculate without making any errors.
5. Get instant results and compare with other products to find out the best option for yourself.

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How to use the IDBI Bank RD Calculator?

The IDBI Bank RD Calculator can be found on the official website of the bank. You can use the calculator by following the steps mentioned below:

Step 1: Visit the official website of the bank at www.idbibank.in.

Step 2: Navigate to the Calculator option under the 'Home' option from the main menu.

Step 3: From the 'Type of Calculator' option, click on the drop-down box and select the 'SSP RD Calculator'.

Step 4: Fill in the designated fields with the following: 'Amount', 'Period (No. of instalments), and 'Rate of interest'.

Step 5: To find out the maturity amount on the basis of the details provided by you, click on the 'Calculate Maturity Amount' button or else click on the 'Calculate Instalment Amount'.

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How Compound Interest Is Calculated on IDBI RD

You can also manually calculate the maturity amount of your IDBI Bank Recurring Deposit account. The interest on the recurring deposit is calculated on the basis of compound interest.

You can use the formula mentioned below for the same:

M = R [(1+i) n - 1]/1 - (1+i) (-1/3)

Where in,

1. M = Maturity amount

1. R = Monthly deposits to be paid
2. n= Tenure during which the deposit is to be made
3. i= Rate of interest/4

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IDBI Bank Recurring Deposit Interest Rates 

Tenure of Investment for Recurring Deposit (SSP and SSP Plus)	Interest Rate for General Public (per annum)	Interest Rate for Senior Citizens (per annum)
1 year to 2 years	6.80%	7.30%
More than 2 years to 3 years	7.00%	7.50%
More than 3 years to 5 years	6.50%	7.00%
More than 5 years to 10 years	6.25%	6.75%

Note - The interest rates are effective from 14 July 2023 and can be changed as per the Bank’s rules and regulations. 

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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. Co-operative Bank Recurring Deposit
11. Indian Bank Recurring Deposit
12. Union Bank Recurring Deposit
13. UCO Bank Recurring Deposit

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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 IDBI Bank RD Calculator

• What are the extra benefits offered by the IDBI Bank Systematic Savings Plan Plus (SSP Plus) recurring deposit scheme?

  The IDBI Bank Systematic Savings Plan Plus (SSP Plus) recurring deposit scheme offers the regular savings along with a complimentary insurance coverage and added reward points.

• What is the insurance coverage available on the IDBI Bank Systematic Savings Plan Plus (SSP Plus) recurring deposit scheme?

  Under the IDBI Bank Systematic Savings Plan Plus (SSP Plus) recurring deposit scheme, you can avail a complimentary personal insurance (accidental) cover of up to Rs.5 lakh.

• Is there a fee for executing standard instructions for recurring deposit accounts with IDBI Bank?

  No, there are no charges for the execution of standard instructions in regard to recurring deposit accounts with IDBI Bank.

• Who is eligible for the IDBI Bank Systematic Savings Plan Plus (SSP Plus) recurring deposit scheme?

  Individuals and HUFs are eligible to avail the IDBI Bank Systematic Savings Plan Plus (SSP Plus) recurring deposit scheme.

• What is the minimum eligible instalment amount for the IDBI Bank Systematic Savings Plan Plus (SSP Plus) recurring deposit scheme?

  The minimum eligible instalment amount for the SSP Plus scheme is Rs.5,000 and so on. However, the instalments should be in the multiples of Rs.100.

• What is the IDBI Bank RD calculator?

  The IDBI Bank RD calculator is an online tool used for calculating the maturity amount and interest on a recurring deposit account over a given period. It gives people information about the potential return on their investments and helps in planning savings.  

• Can I use IDBI Bank RD calculator for free?

  Yes, the IDBI Bank RD calculator can be used for free.

• What is the benefit of using the IDBI Bank RD calculator?

  The IDBI Bank RD calculator saves time by completing the computations in a matter of seconds. The results are always accurate. Furthermore, you can use this tool as many times as you wish.  

• What data is required in order to use the IDBI Bank RD calculator?

   To use the IDBI Bank RD calculator, you will have to enter the amount of the monthly deposit, the term of the RD, and the relevant interest rate. 

• How is interest on recurring deposits determined?

  The compound interest formula is used to compute the interest on a recurring deposit. Each month, the savings must be deposited into the account. Your savings accrue quarterly compound interest.