RD Calculator
See exactly what your recurring deposit grows to — enter your monthly deposit, interest rate and tenure and watch the maturity value update live.
- Free — no sign-up
- Instant, on-screen results
- Built by our CA · CS team
- Rules cited on the page
Enter your figures — the result on the right updates as you type.
Year-wise growth
Balance at end of each year| Period | Deposited | Interest | Balance |
|---|
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Compare RD vs FD vs debt funds and plan the tax on your interest income.
Disclaimer: Indicative estimate using standard quarterly compounding. Actual maturity depends on your bank's compounding convention, day-count and TDS on interest above ₹40,000 (₹50,000 for seniors) per year.
How an RD maturity is calculated
A recurring deposit is a series of equal monthly deposits that all mature on the same date. Because each installment sits in the account for a different length of time, each one earns a different amount of interest. Banks compound RD interest quarterly, so the maturity value is the sum of every installment grown at the quarterly rate for the months it stays invested:
where i = r ÷ 400 (quarterly rate), P = monthly deposit, n = tenure in months.
Interest earned = Maturity − (P × n).
Typical bank RD rates (FY 2026-27)
RD rates broadly track fixed-deposit rates and vary by bank and tenure. Senior citizens usually get an extra 0.25%–0.75%. Use these as a guide and enter your own bank's rate above.
| Tenure | General public | Senior citizens |
|---|---|---|
| 6 – 12 months | 5.50% – 6.50% | 6.00% – 7.00% |
| 1 – 2 years | 6.50% – 7.00% | 7.00% – 7.50% |
| 2 – 3 years | 6.75% – 7.25% | 7.25% – 7.75% |
| 3 – 5 years | 6.50% – 7.10% | 7.00% – 7.60% |
| 5 – 10 years | 6.50% – 7.00% | 7.00% – 7.50% |
Worked example
Deposit ₹5,000 every month for 5 years (60 months) at 6.5% per annum, compounded quarterly. Each installment grows for its remaining tenure and all mature together:
Key terms explained
Quarterly compounding
Interest is calculated and added to your balance every 3 months. Between compounding dates the interest itself starts earning interest, which is why a 6.5% RD returns slightly more than 6.5% simple interest.
Effective yield
Because early installments compound the longest, the return on money invested is higher than on a lump-sum FD of the same tenure — but lower in absolute rupees, since your average balance is only about half the final deposited amount.
TDS on RD interest
Banks deduct 10% TDS if total interest across your RDs and FDs with that bank crosses ₹40,000 in a year (₹50,000 for seniors). Submit Form 15G/15H if your income is below the taxable limit.
Missed installments
Skipping deposits usually attracts a small penalty and lowers your maturity value, since the missing installment never gets to compound. Standing instructions from your savings account avoid this.
Questions people ask
Short answers on RD Calculator. Tap a question to open it.
01How is recurring deposit maturity calculated?
Each monthly instalment earns interest for the period remaining until maturity, compounded quarterly in most banks and post offices. The maturity value is the sum of all instalments plus the interest each has earned.
02Is RD interest taxable?
Yes, fully at your slab rate as income from other sources, and on accrual each year rather than only at maturity. TDS under section 194A applies once total interest at the bank crosses the threshold.
03Is an RD better than a SIP?
They serve different purposes. An RD gives a fixed, guaranteed return and is right for short-term goals and emergency savings. A SIP in a mutual fund carries market risk and is more suitable for goals five years or more away.
04Can I withdraw an RD early?
Yes, with a penalty. Interest is then paid at the rate applicable to the period the deposit actually ran, less the penal rate, so the effective return falls sharply for an early closure.
05What happens if I miss an instalment?
Banks levy a small default fee for each missed instalment, and post office RDs charge a revival fee. Repeated defaults can lead to the account being closed and interest recomputed.
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Disclaimer: This tool gives indicative results for general guidance only and is not professional advice. Please verify with a qualified CA before acting on the numbers.