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RD Calculator

Calculate maturity value of your Recurring Deposit

Last Updated: July 2026
Amount deposited every month
RD rate offered by your bank
RD deposit period
Total Deposited
—
Your contributions
Total Interest
—
Interest earned
Maturity Value
—
Deposits + Interest

RD Growth Over Time

Yearly Breakdown

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What Is an RD Calculator?

A Recurring Deposit Calculator estimates the maturity value of your RD investment. RDs are ideal for salaried individuals who save a fixed amount monthly and earn guaranteed returns. Banks offer RD rates similar to FDs, typically 6.5-7.5%.

Unlike FDs where you deposit lumpsum, RDs require monthly deposits with quarterly compounding. Our calculator shows exact maturity amount, total interest, and year-by-year breakdown.

RD Maturity Formula

M = P × [{(1+r/n)n×t −1}/(r/n)]
P = Monthly depositr = Annual interest raten = Compounding frequency (4=quarterly)t = Tenure in years

Frequently Asked Questions

What is the minimum RD tenure?
Minimum RD tenure is 6 months, maximum 10 years (varies by bank). Most people opt for 1-5 year RDs. Longer tenures generally offer higher rates.
Is RD interest taxable?
Yes, RD interest is fully taxable at slab rate. TDS at 10% if interest exceeds ₹40,000/year. Interest is taxed on accrual basis each year.
What if I miss an RD installment?
Banks charge ₹1-10 per missed month. Missing 3-6 consecutive months may lead to account closure at reduced interest. Set up auto-debit to avoid this.
RD vs SIP - which is better?
RDs offer guaranteed 6.5-7.5% with zero risk. SIPs in equity funds offer 10-15% with market risk. Choose RD for capital protection, SIP for long-term wealth creation (7+ years).

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