RD Calculator
Calculate the maturity amount and interest earned on a recurring deposit based on your monthly deposit, interest rate, tenure and compounding frequency.
RD Maturity Amount
₹3,59,663.95
- Monthly Deposit
- ₹5,000.00
- Total Deposits
- ₹3,00,000.00
- Interest Earned
- ₹59,663.95
- Interest Rate
- 7% p.a.
- RD Tenure
- 5 years
- Compounding Frequency
- Quarterly
Total Deposits = Monthly Deposit × 60 installments. Interest Earned = Maturity Amount − Total Deposits. TDS and income tax are not included.
All calculations run in your browser. Nothing you enter is uploaded or stored.
What is a Recurring Deposit?
A recurring deposit (RD) is a savings product offered by banks and post offices where you deposit a fixed amount every month for a chosen tenure. At maturity you receive your total deposits plus the interest earned.
How does an RD work?
You choose a monthly amount and a tenure, and the interest rate is fixed when you open the account. Each month's installment starts earning interest from the month it is deposited, and interest is compounded at the bank's stated frequency.
How is RD maturity calculated?
Each installment is treated as a separate deposit. An installment that stays invested for k months grows to:
P × (1 + r/m)^(m × k/12)
P is the monthly deposit, r is the annual rate as a decimal and m is the compounding periods per year. The first installment is invested for the full tenure and the last for one month. The maturity amount is the sum of all installments' values.
Why RD interest is different from FD interest
An FD invests the whole amount on day one. In an RD, later installments are invested for less time, so applying the FD formula to the total RD deposits would overstate interest. To estimate a lump-sum deposit, use the FD Calculator.
What is the role of compounding frequency?
Compounding frequency is how often earned interest is added to the balance so it starts earning interest itself. More frequent compounding gives a slightly higher maturity. Many Indian banks compound RDs quarterly — select the frequency your bank actually applies.
A simple worked example
Deposit ₹5,000 every month at 7% per year for 5 years (60 installments) with quarterly compounding. Total deposits are ₹5,000 × 60 = ₹3,00,000.
Adding up the grown value of each of the 60 installments gives a maturity of about ₹3,59,664, so interest earned is about ₹59,664.
RD vs FD — basic comparison
- Deposit: RD takes a fixed amount every month; FD takes a single lump sum.
- Interest: each RD installment earns for its own period; FD money earns for the full tenure.
- Suited for: RD builds savings from regular income; FD parks money you already have.
For market-linked monthly investing, compare with the SIP Calculator. To plan regular withdrawals from a corpus, see the SWP Calculator.
Important note
This calculator provides an estimate based on the selected monthly deposit, interest rate, tenure and compounding assumptions. Actual bank RD maturity may differ according to the bank's product terms, compounding conventions, deposit dates, premature closure rules and applicable taxes.
Applicable tax and TDS are not included in this calculator. Actual tax treatment depends on prevailing rules. If you are planning a loan instead, try the EMI Calculator.
Frequently asked questions
What is an RD calculator?
An RD calculator estimates the maturity amount and interest earned on a recurring deposit from your monthly deposit, annual interest rate, tenure and compounding frequency.
How is RD maturity amount calculated?
Each monthly installment is treated as a separate deposit. An installment that stays invested for k months grows to P × (1 + r/m)^(m × k/12), where r is the annual rate and m is the compounding periods per year. The maturity amount is the sum for all installments.
How much interest will I earn on an RD?
Interest earned is the maturity amount minus your total deposits. It depends on the monthly deposit, rate, tenure and compounding. For example, ₹5,000 a month at 7% for 5 years with quarterly compounding earns about ₹59,664 on deposits of ₹3,00,000.
What is the difference between an RD and an FD?
In an FD you invest a lump sum once, so the whole amount earns interest for the full tenure. In an RD you deposit a fixed amount every month, so each installment earns interest only from the month it is deposited.
Does RD interest compound?
Yes. Most Indian banks compound RD interest quarterly, though terms vary. Earned interest is added to the balance and itself earns interest in later periods.
Can I calculate RD returns at 0% interest?
Yes. At 0% the maturity amount equals your total deposits (monthly deposit × number of months) and interest earned is ₹0.
Does this calculator include TDS or income tax?
No. TDS and income tax are not included. RD interest may be taxable and subject to TDS; actual tax treatment depends on prevailing rules and your situation.
Can actual bank RD maturity differ from this calculator?
Yes. Banks may use different compounding conventions, deposit dates, rounding and premature closure rules, so the actual maturity can differ from this estimate.