Recurring Deposit (RD) Calculator

About This Tool

RD Calculator

Calculate the maturity amount of your Recurring Deposit (RD) with monthly contribution, interest rate, and tenure.

Why Use This Tool?

Know your RD maturity amount before opening an account
Compare RD returns across different banks and post offices
Plan a savings goal by calculating the monthly amount needed
Useful for salaried individuals who save a fixed amount each month
Calculate returns for both bank RDs and post office RD schemes

Overview

A Recurring Deposit (RD) is a savings instrument offered by banks and post offices that lets you invest a fixed amount every month for a predetermined period, earning guaranteed interest on your deposits. Unlike Fixed Deposits where you invest a lump sum, RDs allow you to build savings gradually with monthly contributions — making them ideal for salaried individuals and those practicing disciplined saving habits. Our RD Calculator computes the exact maturity amount you will receive at the end of your RD tenure, along with the total interest earned, using the quarterly compounding formula applied by most Indian banks and the post office. Simply enter your monthly deposit amount, the annual interest rate, and tenure in months, and get precise results. Use it to compare returns across different banks before opening your RD account.

How to Use

1
Enter Monthly Deposit Amount
Input the fixed amount you plan to deposit each month (e.g., ₹5,000).
2
Enter Annual Interest Rate
Type the rate offered by your bank for the chosen tenure (e.g., 7.5 for 7.5% p.a.).
3
Set the Tenure
Enter the RD duration in months (e.g., 24 months for a 2-year RD).
4
Calculate
Click Calculate to see Maturity Amount, Total Investment, and Total Interest earned.
5
Compare Options
Change the rate or tenure to compare different RD scenarios before opening your account.

Frequently Asked Questions

How is RD interest calculated?

RD interest is calculated using quarterly compounding: A = P × (1 + r/n)^(nt) for each installment, summed over all months. Our calculator applies this formula automatically.

Is RD interest taxable?

Yes. RD interest is taxable as per your income tax slab. Banks deduct TDS at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens).

What is the minimum RD deposit?

Most banks allow RDs starting from ₹100 per month. Post Office RDs start from ₹100. There is no maximum limit.

Can I withdraw an RD before maturity?

Yes, but a premature withdrawal penalty of 1-2% applies. The actual interest paid is reduced accordingly.

Post Office RD vs Bank RD — which is better?

Post Office RD offers 6.7% p.a. (as of 2026) with sovereign guarantee. Bank RDs vary (5.5-7.5%) but may offer higher rates. Compare current rates before deciding.