Monthly savings • Maturity value

RD Calculator

Calculate recurring deposit maturity and interest. Plan your monthly savings with compound interest.

RD details

Result

Maturity amount

Total deposited

Interest earned

How RD works

Recurring deposit maturity is calculated like SIP: you deposit a fixed amount every month. Future value = P × (1 + r) × ((1 + r)^n − 1) / r, where P = monthly deposit, r = monthly rate, n = months. Interest = Maturity − Total deposited.

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Frequently Asked Questions

What is a Recurring Deposit (RD)?

RD is a bank product where you deposit a fixed amount every month for a fixed tenure. Interest is compounded quarterly. At maturity you get the total deposited plus interest.

How is RD maturity calculated?

RD uses the same formula as SIP: Future value = P × (1 + r) × ((1 + r)^n − 1) / r, where P = monthly deposit, r = monthly rate (annual rate ÷ 12), n = number of months. Interest = Maturity − Total deposited.

Is RD interest taxable?

Yes. RD interest is taxable as per your slab. TDS may apply if interest exceeds the threshold. This calculator shows pre-tax maturity.

RD vs FD: which is better?

FD: one-time deposit, good if you have a lump sum. RD: monthly deposits, good for regular savers. Compare maturity for your amount and tenure; often FD rates are slightly higher for similar tenure.

Is this RD calculator free?

Yes. This RD calculator is free. Enter monthly amount, rate and tenure to see maturity and interest. No signup.