RD Calculator
Depositing ₹5,000 a month in an RD at 7% for 3 years gives about ₹2,00,686 at maturity on ₹1,80,000 deposited.
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A recurring deposit (RD) lets you deposit a fixed amount every month. Banks usually compound RD interest quarterly, so each instalment earns interest for the months it stays invested.
Example
Depositing ₹5,000 a month for 36 months at 7% gives a maturity amount of about ₹2,00,686 on deposits of ₹1,80,000.
RD Calculator scenarios
| Tenure | Deposited | Maturity value | Interest earned |
|---|---|---|---|
| 12 months | ₹60,000 | ₹62,311 | ₹2,311 |
| 24 months | ₹1,20,000 | ₹1,29,099 | ₹9,099 |
| 36 months | ₹1,80,000 | ₹2,00,686 | ₹20,686 |
| 60 months | ₹3,00,000 | ₹3,59,664 | ₹59,664 |
| 120 months | ₹6,00,000 | ₹8,68,509 | ₹2,68,509 |
What changes the result
- The RD rate, which is usually the same as the bank’s FD rate for that tenure.
- Tenure and the monthly amount.
- Missed instalments, which attract a penalty and reduce interest.
- Tax: RD interest is taxable at your slab rate and TDS applies above the threshold.
How to use this calculator
- Enter the amount you will deposit every month.
- Enter the interest rate.
- Enter the tenure in months.
- Read the maturity value, total deposits and interest earned.
RD Calculator FAQs
What if I miss an instalment?
Banks may charge a small penalty and your maturity amount will be lower. Rules differ by bank.
RD or SIP?
An RD gives a fixed, guaranteed return; a SIP in mutual funds can earn more over long periods but returns are not guaranteed.
Is TDS deducted on RD interest?
Yes. Recurring deposit interest is treated like FD interest: TDS applies when total deposit interest from a bank crosses the yearly threshold, and the interest is taxable at your slab rate.
How is a Post Office RD different?
A Post Office RD has a fixed 5-year term and a rate set by the government each quarter. Bank RDs offer a choice of tenures, typically from 6 months to 10 years.
Results are estimates for planning only and are not financial, tax or investment advice. Check figures with your bank, fund house or tax adviser before acting on them.