RD · Aligarh
RD Calculator for Aligarh
Calculate Recurring Deposit maturity from Aligarh. Open at any bank or post office in Aligarh, Uttar Pradesh. RD interest is fully taxable — TDS applies above ₹40,000/year.
Inputs
₹
₹100₹1.00 L
%
3.00%10.00%
yr
1 yr10 yr
Maturity value
₹3,51,157
After 5 years · quarterly compounded
Total deposited
₹3,00,000
Interest
₹51,157
Year-by-year balance
RD interest is taxable as per slab
RD options in Aligarh
- • Bank RDs: SBI 6.25–7%, HDFC 6.25–7%, ICICI 6.50–7.10% (varies by tenure)
- • Post office RD: 6.7% (Q1 FY 2026-27, government-notified) — 5-year fixed tenure
- • Small finance bank RD: 7.5–8.5% (Equitas, Ujjivan, AU SFB) — DICGC-insured up to ₹5L
- • Senior citizen rates: +0.50% across all banks
RD vs SIP for Aligarh investors
RD = debt investment, fixed return, taxable, very safe. SIP = market-linked, higher historical return, fully liquid (no lock-in for non-ELSS), more volatility.
For tier-2 city investors in Aligarh: typical 70/30 split — equity SIP for 7+ year goals, RD/FD for short-term targets (down payment, vacation, vehicle).
Tax on RD interest
- • Interest fully taxable at your slab rate (10/20/30%)
- • TDS at 10% if total RD interest exceeds ₹40,000/year per bank (₹50,000 for seniors)
- • You can submit Form 15G/15H to avoid TDS if total income is below tax limit
- • Post-tax effective return at 30% slab: ~4.6% on a 6.5% RD