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

Monthly Deposit (₹)
₹500₹1 Lakh
Interest Rate (% p.a.)
3%12%
Tenure (Years)
1 Year10 Years

RD Calculation Results

₹3,59,664
Total Invested
Interest Earned
₹3,59,664
Total Maturity Value
₹3,00,000
Total Amount Invested
₹59,664
Total Interest Earned
RD Breakdown
Monthly Installment₹5,000
Total Deposit (60 mo)₹3,00,000
Maturity Value₹3,59,664
1₹

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.

1STEP

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.

2STEP

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.

3STEP

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.

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Frequently Asked Questions

An RD Calculator is an online tool that estimates the maturity amount and total interest on a Recurring Deposit. Enter your monthly deposit amount, interest rate, and tenure to instantly see your projected maturity value, helping you set savings targets and compare options before opening an RD account.

RD interest in India is compounded quarterly. Each monthly instalment earns interest for a different duration, the first instalment for the full tenure and the last for just one month. The quarterly compounding formula is applied to each instalment and summed to give the total maturity amount.

Yes. Interest earned on a Recurring Deposit is taxable as per your income tax slab. TDS at 10% is deducted if your total deposit interest with the bank exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). The pre-tax maturity amount shown by the calculator does not account for TDS.

Yes, premature withdrawal is allowed in most cases, but banks typically charge a penalty, usually 0.5% to 1% reduction in the applicable interest rate, on the amount withdrawn early. Some banks have a minimum lock-in period. Confirm the premature withdrawal terms with your bank before opening the RD.

The minimum monthly deposit for an RD varies by bank. Most banks allow RDs starting from ₹100 to ₹500 per month. Post Office RDs start from ₹100 per month. There is no maximum limit on the deposit amount, though TDS thresholds apply to the interest earned.

Both involve regular monthly investments, but an RD is a fixed-return bank deposit with guaranteed interest, while a SIP invests in mutual funds with market-linked returns. RD returns are predictable and capital-protected; SIP returns vary with the market but have historically delivered higher long-term returns. Your choice depends on risk tolerance and return expectations.