RD Calculator
Maturity value of a recurring deposit.
Runs entirely in your browser — nothing you enter is uploaded or sent to a server.
A pre-tax estimate using the usual quarterly compounding. RD interest is taxable and can attract TDS, and small rounding differences from your bank are normal — so treat the maturity value as indicative and confirm it with them. Read our full disclaimer.
About this tool
A recurring deposit (RD) lets you deposit a fixed amount every month for a set term, earning interest that compounds quarterly. Each instalment earns interest for the time remaining, so the corpus grows steadily. This calculator estimates the maturity amount and the interest portion.
Example
₹5,000 a month at 8% for 1 year matures to about ₹62,647 — you deposit ₹60,000 and earn roughly ₹2,647 in interest.
How to use
- 1Enter your monthly deposit.
- 2Set the annual interest rate.
- 3Set the tenure in years.
- 4Read your maturity value, total deposited, and interest earned.
Features
- Maturity value, total deposited, and interest earned, all at once.
- Built on the standard quarterly-compounding RD formula Indian banks use.
- Deposits and interest broken out separately.
Frequently asked questions
How is RD maturity calculated?
Using the standard formula M = R·[(1+i)^n − 1] / [1 − (1+i)^(−1/3)], where R is the monthly instalment, i = annual rate / 400, and n is the number of quarters.
How is a recurring deposit different from an FD?
An FD is a one-time lump sum; a recurring deposit is a fixed amount you pay every month for the term. Both compound quarterly at Indian banks, but an RD suits saving from monthly income rather than a lump sum.
Is RD interest taxable?
Yes. RD interest is taxable at your income-tax slab, and TDS may apply once yearly interest crosses the threshold. The maturity shown here is pre-tax, so your in-hand amount is slightly lower.
What if I miss a monthly deposit?
This assumes the same instalment every month for the whole term. In practice banks may allow a change or charge a small penalty for a missed instalment — check your bank; the estimate here is for a steady monthly deposit.
Is this financial advice?
No — it's an informational estimate, not financial advice. Confirm the exact maturity (and any TDS) with your bank. See our Disclaimer.
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