RD Calculator
Recurring deposit maturity using the standard Indian bank method — each monthly instalment compounded quarterly.
About RD Calculator
This free RD calculator works out the maturity value of a recurring deposit using the standard method followed by Indian banks: each monthly instalment earns interest compounded quarterly for the time it stays in the account.
Enter the monthly deposit, the bank's interest rate and the tenure in months to see the maturity amount and total interest earned. Use it with the current rate of any bank or the post office to compare plans before you open an account. RD interest is taxable at your slab rate. Everything is calculated in your browser.
How to use RD Calculator
- Enter the monthly instalment.
- Set the interest rate and number of months.
- Read the maturity value and interest earned.
Frequently asked questions
How do banks calculate RD maturity?
Each instalment earns interest compounded quarterly for the time it stays deposited: M = Σ R × (1 + r/400)(months remaining)/3. This matches the method used by SBI and most banks.
Is RD interest taxable?
Yes. RD interest is taxed at your slab rate, and banks deduct TDS if total interest (FD + RD) from the bank crosses ₹50,000 in a year (₹1,00,000 for senior citizens).
What if I miss an instalment?
Banks charge a small penalty per ₹100 per month of delay, and several missed instalments can lead to premature closure. The post office RD has its own default rules.
What is a recurring deposit?
An RD is a savings scheme where you deposit a fixed amount every month for a fixed tenure and receive the deposits plus interest at maturity.
How much will I get on ₹5,000 a month RD for 5 years?
At 7% compounded quarterly, about ₹3.6 lakh on ₹3 lakh deposited. Enter your bank's rate for an exact figure.
Is RD better than SIP?
An RD gives a fixed, guaranteed return; an equity SIP can earn more over long periods but carries market risk.
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