When people search for an Indian Bank SIP calculator, they're usually looking for one of two things: how to calculate returns on Indian Bank's Recurring Deposit (RD) plans, or how to start a mutual fund SIP through Indian Bank. This guide covers both — with a plan calculator for each approach.
Indian Bank: Two Types of "SIP"
Indian Bank (formerly Indian Bank, merged with Allahabad Bank in 2020) offers regular investment in two ways:
- Recurring Deposit (RD): Fixed monthly deposits with guaranteed interest (6.75–7.25%). This is the "bank SIP" — safe but lower returns.
- Mutual Fund SIP via IndOASIS: Indian Bank's digital banking platform lets you start mutual fund SIPs online — market-linked, higher potential returns.
Indian Bank Recurring Deposit: Current Rates (2025)
| Tenure | Regular Rate | Senior Citizen Rate |
|---|---|---|
| 6 months | 5.75% | 6.25% |
| 1 year | 6.75% | 7.25% |
| 2 years | 6.75% | 7.25% |
| 3 years | 6.80% | 7.30% |
| 5 years | 6.50% | 7.00% |
Rates are indicative. Check Indian Bank's official website for current applicable rates before investing.
Indian Bank RD vs Mutual Fund SIP: Comparison
| Feature | Indian Bank RD | Mutual Fund SIP |
|---|---|---|
| Returns | 6.75–7.25% (fixed) | 10–14% (historical avg) |
| Risk | None — guaranteed | Market risk |
| Tax | Taxable at income slab | LTCG 12.5% (equity, after 1 yr) |
| Minimum | ₹100/month | ₹500/month (most funds) |
| Lock-in | Fixed tenure, penalty on break | None (ELSS: 3 years) |
| Insurance | DICGC insured up to ₹5 lakh | SEBI regulated, no insurance |
₹2,000/Month for 5 Years: RD vs SIP Comparison
| Option | Total Invested | Estimated Maturity |
|---|---|---|
| Indian Bank RD (7%) | ₹1,20,000 | ~₹1,43,700 |
| Equity SIP (12%) | ₹1,20,000 | ~₹1,64,700 |
| Equity SIP (14%) | ₹1,20,000 | ~₹1,71,500 |
How to Start a SIP with Indian Bank
- Log in to Indian Bank's IndOASIS mobile/net banking app
- Navigate to Investments → Mutual Funds
- Complete one-time KYC (Aadhaar + PAN)
- Select a fund, choose monthly SIP amount (min ₹500 for most funds), set the SIP date
- Register NACH (ECS) mandate for automatic monthly debit
- Use our plan calculator above to find the SIP amount needed for your goal, then start with that amount
Indian Bank SIP for Rate of Interest Planning
A key advantage of the Indian Bank platform: you can see historical fund performance by rate of interest (CAGR) for 1-year, 3-year, and 5-year periods before choosing a fund. Always check the fund's track record over at least 3 complete market cycles (including at least one downturn) before committing to stay invested long-term.