RD Calculator
Find out what your recurring deposit will be worth – with the quarterly compounding banks use, your maturity date, TDS and tax – or how much to save each month for a goal.
- Bank-accurate method
- Maturity date
- Target amount mode
- Schedule and CSV
More options
Calculated in your browser. Nothing is saved.
How to calculate RD maturity
- Enter your RD detailsType the monthly deposit, interest rate and tenure. Tick “Senior citizen” to add the usual 0.5% extra.
- Check the resultSee the maturity value and date, total interest, and whether TDS applies. Pick your tax slab to see the post-tax amount.
- Plan backwardsSwitch to “Target amount” to find how much you need to deposit each month to reach a goal.
RD maturity examples at 7% (quarterly compounding)
| Monthly deposit | 1 year | 3 years | 5 years |
|---|---|---|---|
| ₹1,000 | ₹12,462 | ₹40,137 | ₹71,933 |
| ₹5,000 | ₹62,311 | ₹2,00,686 | ₹3,59,664 |
| ₹10,000 | ₹1,24,621 | ₹4,01,373 | ₹7,19,328 |
RD vs FD
A fixed deposit puts all your money to work from day one, so it earns more for the same rate. An RD suits regular saving from your salary: you build the habit and still get a guaranteed rate. If you already have a lump sum, an FD will usually earn more.
Frequently asked questions
How is RD maturity calculated?
Banks treat each monthly instalment like a small fixed deposit that earns interest, compounded every quarter, until the RD matures. The first instalment earns interest for the full tenure, the last one for just a month. The calculator adds them all up the same way.
How much will I get on ₹5,000 a month for 5 years at 7%?
You deposit ₹3,00,000. With quarterly compounding the maturity value is about ₹3,59,664, so you earn roughly ₹59,664 in interest. Change the numbers above to see your own result.
Is RD interest taxable?
Yes. RD interest is added to your income and taxed at your slab rate. Banks deduct 10% TDS if the interest from all your deposits at that bank goes over ₹40,000 in a financial year (₹50,000 for senior citizens). If your income is below the taxable limit, submit Form 15G or 15H to avoid TDS.
Do senior citizens get a higher RD rate?
Most banks pay senior citizens (60+) about 0.25–0.5% more. Tick “Senior citizen” to add 0.5%, or type your bank’s exact rate.
What happens if I miss an RD instalment?
Banks usually charge a small penalty per missed month (often ₹1.50–₹2 per ₹100), and after several missed instalments they may close the RD early. The calculator assumes every instalment is paid on time.
RD or SIP – which is better?
An RD gives a guaranteed return and protects your capital, but the interest is fully taxable. An equity SIP can grow faster over long periods but its value goes up and down. Many people use an RD for goals within 1–3 years and SIPs for longer goals.
Can I break an RD before maturity?
Yes, with a penalty – usually the interest rate is reduced by about 1% for the period the RD actually ran. Some banks don’t allow premature closure of special RD schemes.
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