Income tax

It is taxable

Yes. It is Taxable.

how else govt revenue increase friend!  truth one day govt will  tax the air you breath, that is tax management by every year finance bill!

As per the Income Tax Act, recurring deposits are exempted from TDS (tax deducted at source).

So, the bank would not deduct any tax at source on such accounts. But income tax is payable at the hands of investors on the interest income from recurring deposits. The interest income will depend upon the interest rate the bank pays and the tax amount will depend upon the slab of tax in which the depositor is placed.

The tax rate will be the same as applicable to the bracket in which you fall, based on your overall income.

RD interst i taxable

its surely taxable