RD Calculator
Work out what a monthly Recurring Deposit will be worth at maturity, using the standard quarterly-compounding formula banks use for RDs.
How RD maturity is calculated
Recurring deposits are more complex than they look because banks compound quarterly while you deposit monthly. This calculator uses the standard formula Indian banks apply for RDs, which accounts for that mismatch between monthly deposits and quarterly compounding — the result should be close to your bank's own figure, though some banks round or apply small variations.
Important note
This calculator gives an estimate for planning purposes using standard formulas and the rate you enter. Actual returns depend on market performance (for market-linked options), the scheme's official compounding rules, and rates that change over time — this is not a guarantee of returns and not financial advice. Check current official rates before relying on any figure here.
Frequently asked questions
What's the difference between RD and FD?
A Fixed Deposit is a single lump-sum deposit that compounds over its term; a Recurring Deposit is built from equal monthly instalments over the term instead of one upfront amount — useful for building savings gradually rather than investing a lump sum you already have.
Can I withdraw an RD before it matures?
Most banks allow premature closure of an RD, typically with a reduced interest rate applied as a penalty — check your specific bank's terms, since rules vary.
Is RD interest taxable?
Yes — interest earned on a Recurring Deposit is generally taxable as income at your applicable slab rate, similar to FD interest, and TDS may apply above certain thresholds. Confirm current rules with a tax advisor.
Why is my bank's RD maturity value slightly different from this calculator?
Banks may round instalment dates, apply slightly different day-count conventions, or use minor variations in their internal formula — this calculator gives a close standard estimate, but your bank's exact figure is the authoritative one.