Recurring Deposit (RD) Calculator
Enter your monthly deposit, interest rate, and tenure to find the maturity value.
How RD interest is calculated
This uses the compound interest formula most Indian banks apply to RDs, compounding quarterly: each monthly installment earns interest for the number of quarters remaining until maturity, so earlier deposits earn more than later ones.
About the Recurring Deposit (RD) Calculator
The Recurring Deposit Calculator estimates the maturity value and interest earned on a recurring deposit (RD). Enter your monthly instalment, the annual interest rate and the tenure in months.
This calculator uses quarterly compounding, which is the method most Indian banks apply to RDs. Each monthly instalment earns interest for the quarters remaining until maturity, so earlier deposits earn more than later ones. Banks may differ in compounding rules and rounding, and interest on RDs is taxable, so the amount you actually receive can differ.
How to use it
- Enter the monthly deposit.
- Enter the annual interest rate.
- Enter the tenure in months.
- Read the maturity value, total deposits and interest.
Tips and good to know
- Check your bank's compounding method.
- Missing an instalment may lead to penalties.
- Compare with a fixed deposit and SIP.
Frequently asked questions
Is RD interest taxable?
In India, interest is generally taxable; consult a tax professional.
Can I change the tenure?
Yes, enter any number of months.
Are results exact?
They are estimates.