RD Calculator
Find Recurring Deposit maturity amount for monthly instalments at any bank interest rate. Enter your monthly deposit, rate, and tenure to see your projected returns.
What is a Recurring Deposit (RD)?
A Recurring Deposit is a bank savings product where you deposit a fixed amount every month for a chosen tenure and earn a fixed rate of interest. At the end of the tenure, you receive the total deposited amount along with the accumulated interest. RDs combine the discipline of regular saving with the safety of a bank deposit.
The maturity value is calculated by simulating each month's deposit and applying monthly compounding. Since each instalment earns interest for a different number of months, the total interest is the sum of compound interest on each individual deposit over its remaining tenure. Our calculator applies monthly compounding on the running balance to arrive at an accurate maturity figure.
RDs are suitable for individuals with a steady monthly income who want a guaranteed, risk-free savings plan. Interest earned is taxable, and TDS may apply if the interest exceeds ₹40,000 per year (₹50,000 for senior citizens) across all deposits in the same bank.
This calculator is for educational purposes only. Actual RD returns depend on the bank's prevailing rate at the time of account opening. Tax implications are not included in this calculation.