RD Calculator – Estimate Maturity Amount on Your Recurring Deposit
This RD Calculator estimates the maturity amount and total interest earned on a Recurring Deposit. Enter your monthly deposit amount, the annual interest rate, and your RD tenure to instantly see how much your savings will grow at maturity. Use it to compare RD returns across different banks and tenure options before you open an account.
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Recurring Deposit (RD) Calculator
RD Calculation Results
What is an RD Calculator?
An RD Calculator is an online tool that estimates the maturity amount and total interest earned on a Recurring Deposit. Enter your monthly deposit amount, the annual interest rate, and the investment tenure to instantly see how your regular savings will grow over time, helping you compare RD options across different banks and tenure periods before opening an account.
How to Use RD Calculator – 3 Step Flow
Streamline your finances with an easy, automated process — calculate, plan, and achieve your financial goals.
Enter your monthly deposit and rate
Input the fixed amount you plan to deposit each month and the annual interest rate your bank has offered for the RD tenure you choose. RD rates vary by bank, tenure, and whether you are a regular or senior citizen account holder, use the confirmed rate from your bank's RD schedule.
Set the RD tenure
Enter the duration of the Recurring Deposit in months. RD tenures typically range from 6 months to 10 years depending on the bank. The calculator applies quarterly compounding, which is standard for RDs in India, and shows the maturity amount and total interest earned at the end of the selected tenure.
Review and compare
The calculator instantly shows your total amount invested, total interest earned, and maturity value. Adjust the monthly deposit amount or tenure to reach a savings target, or compare the result against a Fixed Deposit of the same amount to decide which product better suits your savings pattern.
How is RD Maturity Amount Calculated?
In India, banks compound RD interest quarterly, meaning interest is calculated and added to the account every three months, not monthly. Each instalment earns interest for a different duration, making manual calculation complex.\n\nStandard RD Maturity Formula:\nM = R × {[(1 + i)^n – 1] ÷ [1 – (1 + i)^(–1/3)]}\nWhere:\nM = Maturity amount\nR = Monthly deposit amount\ni = Quarterly interest rate (Annual rate ÷ 4 ÷ 100)\nn = Total number of quarters\n\nExample:\nMonthly deposit: ₹5,000 | Rate: 7% p.a. | Tenure: 3 years (12 quarters)\nQuarterly rate (i) = 7 ÷ 4 ÷ 100 = 0.0175\nMaturity value (M) ≈ ₹2,00,200 (approx.)\nTotal invested = ₹5,000 × 36 = ₹1,80,000\nTotal interest earned ≈ ₹20,200\n\nTax treatment of RD interest:\nInterest earned on an RD is fully taxable as per your income tax slab. If total interest across all deposits with the bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens), TDS at 10% is deducted. The calculator shows pre-tax returns, factor in your slab rate when comparing net returns.\n\nInterest rates on RDs differ by bank, NBFC, and post office. Post Office RD rates and senior citizen rates may differ from standard bank rates. Always use the confirmed rate applicable to your account and tenure.
| Feature | RD (Recurring Deposit) | FD (Fixed Deposit) |
|---|---|---|
| Investment pattern | Monthly fixed instalments | One-time lump sum |
| Best for | Regular savers without lump sum | Those with available lump sum |
| Typical tenure | 6 months – 10 years | 7 days – 10 years |
| Interest compounding | Quarterly | Quarterly (cumulative) |
| Premature withdrawal | Allowed with penalty | Allowed with penalty |
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