RD Calculator
Instant results as you type.
₹
%
months
Maturity amount
₹3,59,663.95
Total deposited₹3,00,000.00
Interest earned₹59,663.95
For education and planning only. Your bank or lender’s actual figures can differ — fees, rounding, day-count conventions and local rules vary. Always confirm the final numbers with your provider before deciding.
A recurring deposit turns a fixed monthly habit into a guaranteed lump sum, which is why it suits a goal with a date attached — a fee due next year, a trip, an emergency fund being built from scratch. This calculator uses the quarterly compounding Indian banks actually apply, and counts each instalment only for the months it is genuinely invested, so the maturity figure matches what the bank will pay rather than an optimistic approximation.
How to use it
- Enter the amount you can commit every month, without straining.
- Enter the rate your bank quotes and the tenure in months.
- Read the maturity amount, what you deposited, and the interest earned.
Examples
- 5,000 a month at 7% for 5 years: 3.59 lakh at maturity, of which about 60,000 is interest.
- The same amount for 3 years earns far less — compounding needs time more than it needs size.
Frequently asked questions
- How is RD interest calculated?
- Banks compound recurring deposits quarterly, and each instalment earns interest only for the months it has actually been in the account. Your first deposit earns for the full tenure; the last earns for a single month. That is why the interest looks smaller than a fixed deposit at the same rate — on average, your money has been invested for about half the period.
- Is RD better than SIP?
- They answer different questions. An RD gives a guaranteed return with no market risk, which is what you want for money you must have on a specific date within a few years. A SIP invests in the market: historically higher over long periods, but capable of being down when you need it. Short and certain, use RD. Long and growth-seeking, use SIP.
- Is RD interest taxable?
- Yes. RD interest is added to your income and taxed at your slab rate, and banks deduct TDS once interest across your deposits crosses the annual threshold. Unlike PPF, there is no exemption — so compare an RD against tax-free options on the post-tax return, not the headline rate.
- What if I miss a monthly instalment?
- Most banks charge a small penalty per missed instalment and may extend the maturity date. Miss several in a row and some banks can close the account prematurely, paying a lower rate. If your income is irregular, choose an instalment you can meet in a bad month rather than a good one.