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Recurring Deposit Calculator

Calculate the maturity amount of your monthly RD investment.

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Recurring Deposit Calculator
Calculate the maturity amount of your monthly RD investment.
Monthly RD amount
₹
five thousandrupees
Annual interest rate (%)
%
RD tenure
Years
RD maturity value
₹2,00,815
10%
returns
Invested
Returns
Monthly deposit₹5.0K
Total deposited₹1.80 L
Interest earned₹20.8K
Maturity value₹2.01 L
Compare with SIP →

For illustration only. MF returns not guaranteed. Market risks apply.

⚠️ Disclaimer: Results are for illustration only. Mutual Fund investments subject to market risks. Assumed returns may not reflect actual performance. Read all scheme-related documents carefully. Not investment advice.
About this calculator

Recurring Deposit Calculator — explained

The Recurring Deposit (RD) Calculator estimates the maturity value of your monthly RD deposits over the chosen tenure. RDs are ideal for short-to-medium-term savings goals (1–5 years) where you want guaranteed returns with no market risk — popular for first-time savers, gift fund accumulation, festival fund building, and small-ticket goal saving. Enter the monthly deposit amount, interest rate, and tenure to see the maturity value, total deposited, and interest earned.

This free Indian RD maturity calculator works with bank RDs, post office RDs, and small finance bank RDs. RDs are conceptually similar to SIPs in mutual funds — both involve fixed monthly contributions — but RDs offer guaranteed returns at a bank-set rate while SIPs offer market-linked returns. Use this calculator to compare RD maturity values across tenures and banks, and consider our SIP Calculator for comparing RD vs SIP for the same monthly contribution. Backed by AMFI Registered MFD Nithin Finserv.

What is the Recurring Deposit Calculator?

A Recurring Deposit (RD) is a savings scheme offered by banks and post offices where you commit to depositing a fixed amount every month for a chosen tenure (typically 6 months to 10 years) at a fixed interest rate. Interest compounds quarterly. At maturity, you get back the total deposited plus accumulated compound interest. RDs are popular for inculcating monthly saving discipline, especially for first-time savers, students, and households building specific short-to-medium-term goal funds.

How it works — the formula

Maturity = M × ((1 + r)^n − 1) / r × (1 + r), where M is the monthly deposit, r is the monthly rate of interest, and n is the total number of months. Quarterly compounding is the standard convention for Indian RDs. The calculator shows maturity value, total monthly deposits made, and interest earned.

How to use this calculator

  1. 1Enter your monthly RD amount (most banks allow ₹100 to ₹1L+ per month)
  2. 2Enter the annual interest rate offered (check senior-citizen rates if applicable)
  3. 3Set the RD tenure in years
  4. 4Read the maturity amount, total deposited, and interest earned
  5. 5Compare with our SIP Calculator for the same monthly amount over the same tenure
  6. 6Choose RD for guaranteed returns, SIP for higher potential (but market-linked) returns

Key features

  • ✓Quarterly compounding (Indian bank standard)
  • ✓Adjustable monthly deposit, rate, and tenure
  • ✓Works with bank, post office, and SFB RDs
  • ✓Comparison-ready with our SIP Calculator
  • ✓Free, mobile-friendly, no signup

Frequently asked questions

RD or SIP — which is better?
RD for short horizons (1–3 years), guaranteed returns, and risk-averse savers. SIP in mutual funds for 5+ year horizons and higher (but variable) returns. Many investors use both — RD for near-term goals, SIP for long-term wealth.
Is RD interest taxable in India?
Yes — RD interest is taxed at your slab rate. Banks deduct TDS at 10% if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Below that threshold, no TDS but interest must still be self-declared in your ITR.
Can I increase my RD instalment later?
Most banks don't allow changing the monthly RD amount mid-tenure. You'd need to open a new RD for the additional amount, or close and reopen with a higher monthly figure. 'Flexi RDs' are an exception — they allow variable monthly amounts.
What happens if I miss an RD instalment?
Banks typically charge a small penalty (₹1–2 per ₹100 of instalment). If you miss too many consecutive instalments, the RD may be closed prematurely with penalty interest deductions.
Can I break an RD before maturity?
Yes, with a penalty — typically 0.5–1% reduction in the applicable rate, and you forfeit the eligibility for higher-rate slabs. Banks vary in their premature-closure rules; check before opening.
Post office RD vs bank RD?
Post office RD (currently 6.7%) is government-guaranteed but rates revise quarterly. Bank RD rates are bank-set and vary widely (6–7.5%). Post office RDs have a 5-year tenure; bank RDs are flexible (6 months to 10 years).
Can senior citizens get higher RD rates?
Yes. Most banks offer 0.25–0.5% premium on RD rates for senior citizens (60+), similar to FDs.
Is RD better than savings account?
Yes for committed monthly saving — RD rates (6–7%) are much higher than savings account rates (3–4%). For unpredictable money, savings account offers full liquidity; for predictable monthly surplus, RD wins on yield.
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