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RD calculator

Plan recurring deposits with clearer maturity numbers.

Estimate recurring deposit maturity value, total deposits, and earned interest for conservative household planning.

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Recurring Deposit (RD) Calculator

Results

Total Deposit:

₹0

Interest Earned:

₹0

Maturity Amount:

₹0

How the RD calculation works

Indian banks compute RD maturity as M = R × ((1 + i)ⁿ − 1) / (1 − (1 + i)^(−1/3)), where R is the monthly instalment, i the quarterly rate (annual ÷ 4), and n the total quarters. Each month's deposit compounds for the months remaining until maturity.

Worked example

Saving ₹5,000 monthly in a 5-year RD at 6% (quarterly compounding):

Monthly deposit₹5,000
Rate · tenure6% · 5 years
Total deposited₹3,00,000
Interest earned≈ ₹50,318
Maturity value≈ ₹3,50,318

Frequently asked questions

RD vs SIP — which is better?
They solve different problems. RDs guarantee a fixed outcome for short goals (1–5 years); equity SIPs target growth for long goals with volatility en route. An RD for next year's insurance premium and a SIP for retirement can coexist happily.
Is RD interest taxable?
Yes — fully taxable at slab rates each year even though you receive it at maturity, with TDS applying beyond threshold interest. Post-tax, RD yields often land near or below inflation.
What happens if I miss an RD instalment?
Banks levy a penalty and may extend the maturity date by the defaulted period, or close the RD after repeated defaults. Setting an auto-debit avoids both.
Can I book an RD for a child?
Yes — minor RDs operated by guardians exist, and many banks allow them, making RDs a simple first savings vehicle for a child's near-term goals.

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