RD Calculator
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Quick Summary
- Calculate your recurring deposit maturity amount and interest earned. Enter monthly deposit, rate and tenure for an instant result online.
- For example, ₹2,000/month for 5 years at 6.5% works out to Maturity ≈ ₹1.43 lakh (invested ₹1.2 lakh).
- Built for salaried savers building a monthly savings discipline through a recurring deposit
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RD Details
Maturity Amount
Total Deposited
₹0
Interest Earned
₹0
Return %
0%
How the RD Calculator Works
Each monthly instalment earns interest for the remaining time it stays deposited, compounded quarterly like a bank RD, and the calculator sums up every instalment's individual growth to arrive at the final maturity value.
Example Scenarios
| Scenario | Result |
|---|---|
| ₹2,000/month for 5 years at 6.5% | Maturity ≈ ₹1.43 lakh (invested ₹1.2 lakh) |
| ₹5,000/month for 3 years at 6.5% | Maturity ≈ ₹2.00 lakh (invested ₹1.8 lakh) |
| ₹10,000/month for 10 years at 7% | Maturity ≈ ₹17.5 lakh (invested ₹12.0 lakh) |
* Illustrative estimates assuming constant annual returns. Actual results vary with market conditions.
Frequently Asked Questions
RD maturity is calculated by applying compound interest separately to each monthly installment based on how long it remains deposited, using quarterly compounding — the formula sums up M = R × [(1+r)^n − 1] / (1 − (1+r)^(−1/3)) approximately, which is why RD calculators are used rather than manual calculation.
In an FD, you invest a lump sum once; in an RD, you invest a fixed amount every month over the tenure. RD is suited to building savings discipline from monthly income, while FD suits investing a sum you already have.
Yes, RD interest is fully taxable at your income slab rate, similar to FD interest, and banks deduct TDS if total interest across your deposits exceeds ₹40,000/year (₹50,000 for senior citizens).
Common Mistakes to Avoid
- Underestimating that missed monthly instalments can attract a penalty and reduce final maturity value.
- Assuming RD interest is tax-free — it's fully taxable like FD interest.
- Choosing RD for long-term wealth building instead of shorter-term, disciplined savings goals.
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* Calculations assume constant annual returns. Actual mutual fund returns vary. Past performance is not indicative of future results. FD comparison uses 7% p.a. SIP returns are compounded monthly.
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