RD calculator
See what your monthly recurring deposit will add up to.
₹5,000 (5 thousand)
Maturity value
₹62,310.66
after 12 months
- Total deposited
- ₹60,000
- Interest earned
- ₹2,310.66
- Maturity value
- ₹62,310.66
- Deposit: 96.3%
- Interest: 3.7%
Each instalment earns interest compounded quarterly until maturity, the method banks and India Post use. Interest is taxable at your slab rate; banks may deduct TDS. Banks counting exact days can differ slightly.
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How to calculate RD maturity
- 1
Enter your monthly instalment.
- 2
Enter the yearly interest rate.
- 3
Enter the tenure in months or years.
- 4
See the maturity value, amount deposited and interest earned.
How a recurring deposit grows
In a recurring deposit (RD) you deposit the same amount every month for a fixed period. Each instalment earns interest compounded quarterly from the month it’s paid until maturity: the first instalment earns interest for the whole term, the last for only one month. The calculator adds up every instalment this way, the method banks and India Post use.
A recurring deposit calculator, RD interest calculator and post office RD calculator.
₹5,000 a month for 12 months at 7% means ₹60,000 deposited and a maturity value of about ₹62,311.
Bank RD vs post office RD
India Post’s RD runs for 5 years (60 months) at a rate set every quarter by the government, compounded quarterly. Bank RDs range from 6 months to 10 years, and senior citizens usually get a higher rate. Enter your bank’s current rate and tenure.
Tips for using an RD
- An RD suits goals with a fixed date, such as school fees or a festival, when you can save monthly but don’t have a lump sum.
- Missing an instalment usually means a small penalty, and the bank may close the RD after several missed payments.
- Breaking an RD early typically pays 0.5–1% less interest than the original rate.
Tax
RD interest is taxable at your slab rate, and TDS applies on the same terms as FDs. For a lump sum, use the FD calculator. For market-linked monthly investing, compare with the SIP calculator.
Frequently asked questions
How is RD interest calculated?
Each instalment earns interest compounded quarterly from the month it is paid until maturity. The calculator adds up every instalment this way, which matches the method banks use.
Is RD better than SIP?
An RD gives a fixed, guaranteed return; an equity SIP can grow more over long periods but its value goes up and down. Many people use both.
Is RD interest taxable?
Yes, at your slab rate, and TDS applies above the yearly limit, the same as for an FD.
Does the post office RD use the same method?
Yes, India Post RD also compounds quarterly. Enter its current rate and a 60-month (5-year) tenure.