RD Calculator

Calculate the maturity value of your Recurring Deposit. Enter your monthly deposit, interest rate and tenure to see how your disciplined savings grow.

Monthly deposit (₹)
Interest rate (% p.a.)
Tenure (years)

Uses quarterly compounding, the standard for bank RDs in India. RD interest is taxable as per your income slab.

How to use the RD calculator

Enter your monthly deposit, the bank’s interest rate and the tenure.
Click Calculate to see total deposits, interest earned and maturity value.

RD vs SIP vs FD

RD — fixed monthly deposits, guaranteed returns; ideal for risk-averse savers building a habit.
SIP — market-linked, higher long-term potential but no guarantees.
FD — one-time lump sum deposit instead of monthly instalments.

Frequently asked questions

What happens if I miss an RD instalment? Banks charge a small penalty; repeated defaults can close the RD.
Is RD interest taxable? Yes — added to your income and taxed at your slab rate.
Can I close an RD early? Yes, with a premature-closure penalty (typically ~1% lower rate).