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Recurring Deposit (RD) Calculator

Save monthly and earn quarterly compounded interest

₹
1 YR5 YRS10 YRS

Total Maturity Value

₹3,54,954

Accumulated Savings Portfolio

Total Invested

₹3,00,000

Total Returns

₹54,954

A Recurring Deposit is a disciplined way to build a corpus for medium-term goals like a car downpayment or a luxury vacation.

DISCLAIMER: These calculations are for illustrative purposes only and do not constitute professional financial advice. Actual returns or terms may vary based on market conditions or institution policies.

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Using the Recurring Deposit (RD) Calculator

Plan your monthly savings with our RD Calculator. Accurate quarterly compounding logic required for Indian banking schemes.

Latest RBI Rates
Updated Dec 2025 | FY 2025-26 Compliant
Logic VerifiedCross-verified with SBI/RBI Calculator

Key Features

  • •Supports monthly deposits from ₹100 upwards
  • •Flexible tenure from 6 months to 10 years
  • •Interest rates updated for major Indian banks (Post Office, SBI, PNB, etc.)
  • •Calculates maturity value based on quarterly compounding
  • •Shows total amount invested vs. interest earned
  • •Clean, mobile-first design for quick estimation

How to calculate Recurring Deposit (RD) Calculator

Step-by-step Guide & Informational Intent

  1. 1.Enter the 'Monthly Deposit Amount' you plan to save.
  2. 2.Input the 'Rate of Interest' provided by your bank or post office.
  3. 3.Choose the 'Tenure' (Duration) of the RD in months or years.
  4. 4.Instantaneously view your total investment and the final maturity amount.
  5. 5.Adjust the monthly amount to see how it fits into your budget.

How the Calculation Works

RD interest in India is typically compounded quarterly. The formula for the maturity value is based on the sum of future values of each monthly installment at the applicable rate.

Important Assumptions

  • • Quarterly compounding frequency
  • • Deposits are made on the first day of each month
  • • No premature withdrawals or penalties applied
  • • TDS is not deducted in the shown maturity value
4.8/5(2.3K Ratings)
Mobile-First Optimized
<1s Load Time

RD Savings Scenarios

Monthly RD of ₹2,000 for 5 years at 7% matures at ~₹1,44,700.
Monthly RD of ₹5,000 for 2 years at 6.5% results in ~₹1,28,400.
Post Office RD: ₹1,00,000 for 5 years at the current govt rate builds a reliable fund.
Tax Planning: RDs are great for accumulating funds for yearly tax-saving investments or holiday expenses.
MyIndianCalculator Team

Created by MyIndianCalculator Team

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Recurring Deposit (RD) Calculator

Plan your monthly savings with our RD Calculator. Accurate quarterly compounding logic required for Indian banking schemes.

An RD is a popular risk-free investment offered by Indian banks and Post Offices. It allows you to deposit a fixed amount every month for a specific tenure, earning a guaranteed interest rate similar to a Fixed Deposit.
RD interest in India is usually compounded quarterly. Banks like SBI, ICICI, and HDFC follow RBI guidelines to calculate interest based on the monthly installments and the time they remain in the account.
Yes, RD interest is taxable according to your income tax slab. Banks deduct TDS (Tax Deducted at Source) at 10% if the total interest across all your accounts in a bank exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
In India, most banks allow you to start an RD with a minimum tenure of 6 months, going up to a maximum of 10 years (120 months).
Yes, premature withdrawal is allowed, but banks typically charge a penalty (usually 0.5% to 1%) on the applicable interest rate for the period the deposit remained with the bank.
Yes, RDs are safer because they offer guaranteed returns and are not subject to market volatility. Additionally, deposits in Indian banks are insured by DICGC up to ₹5 Lakh per depositor.