RD · Bokaro Steel City
RD Calculator for Bokaro Steel City
Calculate Recurring Deposit maturity from Bokaro Steel City. Open at any bank or post office in Bokaro Steel City, Jharkhand. 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 Bokaro Steel City
- • 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 Bokaro Steel City 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 Bokaro Steel City: 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