RD Calculator
Calculate the maturity amount of your monthly recurring deposit (RD).
Total Deposited
₹1,20,000
Interest Earned
₹8,425
Maturity Value
₹1,28,425
How to Use This Calculator
1. Enter the monthly deposit amount for your recurring deposit.
2. Enter the annual interest rate offered by your bank.
3. Enter the tenure in months to see the maturity value.
Formula & Explanation
Each monthly installment earns quarterly-compounded interest for the remaining tenure:
M = P × (1 + r/400)^(q) summed over each installment
Where P is the monthly deposit, r is the annual interest rate and q is the number of quarters remaining until maturity for that installment - matching the RD interest convention used by Indian banks.
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Compare interest rates from leading Indian banks and NBFCs before you decide. (Affiliate partner offers coming soon.)
Frequently Asked Questions
Each monthly deposit is treated as a separate deposit and earns quarterly-compounded interest for the number of quarters remaining until the RD matures.
Yes, recurring deposit interest is taxable as per your income tax slab, and TDS applies if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a year.
Missing an installment usually attracts a small penalty per missed month, as specified by your bank, and may affect the final maturity amount.
Most Indian banks offer RD tenures ranging from 6 months to 10 years, with 6 months being the common minimum.
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