RD Calculator
Calculate the maturity value of a recurring deposit.
Your inputs
Simulates monthly deposits with interest compounded quarterly, the standard convention most Indian banks use for RDs.
Deposit amount scenarios
| Monthly deposit | Maturity value |
|---|---|
| ₹1,000 | ₹71,957 |
| ₹5,000 | ₹3,59,783 |
| ₹10,000 | ₹7,19,567 |
| ₹25,000 | ₹17,98,917 |
Interest rate comparison
| Rate | Maturity value |
|---|---|
| 5.5% | ₹3,47,329 |
| 6% | ₹3,52,058 |
| 6.8% | ₹3,59,783 |
| 7.5% | ₹3,66,708 |
| 8% | ₹3,71,750 |
Target maturity calculator
Work backward from a maturity goal, using the rate/tenure set above.
RD interest is taxable as income, and banks deduct TDS if total interest across your deposits with that bank exceeds the threshold in a year.
TDS CalculatorEstimates only. Figures are indicative and do not constitute financial advice.
About the RD Calculator
"RD calculator," "recurring deposit calculator," or "RD maturity calculator" is searched by anyone starting a recurring deposit — whether at a bank or the post office — a popular way to build a savings discipline by depositing a fixed amount every month, similar to a SIP but with a guaranteed interest rate instead of market-linked returns. "RD interest calculator" and "how much will my RD be worth" are the same question in different words.
This calculator simulates your monthly deposits building up with interest compounded quarterly, the standard convention most Indian banks and the post office RD scheme use, and shows your total deposited amount, interest earned, and final maturity value. RDs are a popular choice for short-to-medium-term goals (1-5 years) where you want a fixed monthly savings habit with guaranteed, predictable returns rather than market-linked growth — common uses include saving for a vacation, an annual insurance premium, a festival or wedding expense, or building an emergency fund with monthly discipline. Compare the result here against a similar-tenure FD or a debt mutual fund SIP to decide which vehicle suits your specific goal best, and note that post office RDs and most bank RDs use near-identical maturity math even though their rates can differ slightly.
How to use this calculator
- Enter your planned monthly deposit.
- Enter the interest rate your bank offers.
- Enter your tenure.
- See your total deposits, interest earned, and maturity value.
Frequently asked questions
›How is RD interest calculated?
Most banks compound RD interest quarterly on the accumulated balance, similar to a fixed deposit, though the exact method can vary slightly by bank.
›What is the difference between RD and SIP?
An RD is a bank deposit with a fixed, guaranteed interest rate, while a SIP invests in mutual funds with market-linked, variable returns — RDs are safer but typically offer lower long-term growth potential.
›Can I withdraw an RD before maturity?
Most banks allow premature RD closure, usually with a penalty (reduced interest rate) similar to breaking a fixed deposit early — check your specific bank's terms.
›How much do I need to deposit monthly to reach a target maturity amount?
Use the target maturity calculator below the main tool — enter your goal amount and it works backward using your rate and tenure to show the required monthly deposit.
›Is RD interest taxed, and is TDS deducted?
Yes, RD interest is fully taxable as income, and banks deduct TDS if your total interest from that bank crosses the annual threshold — see the TDS Calculator linked below for the exact deduction.
What affects rd?
- Monthly deposit amount
- Maturity value scales directly with how much you deposit each month.
- Interest rate
- Rates vary by bank and post office scheme and can change over the tenure for some products — this calculator assumes a fixed rate throughout.
- Tenure
- A longer tenure means more deposits and more compounding, but ties up your money for longer.
- Compounding convention
- This calculator compounds quarterly on the accumulated balance, the convention most Indian banks and the post office RD scheme use.
Related calculators
Read the full guide
RD Calculator: How Recurring Deposit Maturity Is Calculated