RD Calculator

Estimate the maturity value of your recurring deposit based on the monthly installment, interest rate, and tenure, assuming quarterly compounding.

Your RD details

Monthly installment: ₹15,000

RD interest rate: 6.5% p.a.

Tenure: 60 months

Your RD projection

Maturity value

6.5% p.a.

₹10.65 Lakhs

₹10,64,862

after 60 months

Total invested

₹9 Lakhs

₹9,00,000

Total interest earned

₹1.65 Lakh

₹1,64,862

+18% gain

15%is interest

Invested₹9.0L

Interest₹1.6L

Balance growth over time

Year-by-year growth

Year	Invested	Interest	Balance
1	₹1,80,000	₹6,430	₹1,86,430
2	₹3,60,000	₹25,276	₹3,85,276
3	₹5,40,000	₹57,366	₹5,97,366
4	₹7,20,000	₹1,03,581	₹8,23,581
5	₹9,00,000	₹1,64,862	₹10,64,862

Frequently asked questions

Each monthly installment you deposit earns interest from the date it's made until maturity, compounded quarterly: the same convention most Indian banks use.

Yes. Interest earned on a recurring deposit is added to your taxable income and taxed at your slab rate. Banks deduct TDS if the interest earned in a financial year exceeds the prescribed threshold (₹40,000 for most depositors, ₹50,000 for senior citizens).

Most banks charge a small penalty for delayed installments and may close the RD account if multiple installments are missed. This calculator assumes every installment is paid on time for the full tenure.

Most banks allow premature withdrawal of an RD, but apply a penalty (typically a reduced interest rate) similar to a fixed deposit closed before maturity.

An RD can work for a goal-based emergency fund where you commit to a fixed monthly amount, but remember it has a fixed tenure and an early-withdrawal penalty. For a fund you might need to access at very short notice, a savings account or a liquid mutual fund is usually more flexible; an RD is better suited to a planned, medium-term savings goal.

Popular RD calculations

Related calculators

This calculator assumes a monthly installment of ₹15,000 at 6.5% p.a., compounded quarterly (the standard convention for Indian recurring deposits), over a tenure of 60 months (5.0 years). Actual rates offered by banks vary and RD interest is taxable as per your income tax slab.

RD Calculator

Estimate the maturity value of your recurring deposit based on the monthly installment, interest rate, and tenure, assuming quarterly compounding.

Your RD details

Monthly installment: ₹15,000

RD interest rate: 6.5% p.a.

Tenure: 60 months

Your RD projection

Maturity value

6.5% p.a.

₹10.65 Lakhs

₹10,64,862

after 60 months

Total invested

₹9 Lakhs

₹9,00,000

Total interest earned

₹1.65 Lakh

₹1,64,862

+18% gain

15%is interest

Invested₹9.0L

Interest₹1.6L

Balance growth over time

Year-by-year growth

Year	Invested	Interest	Balance
1	₹1,80,000	₹6,430	₹1,86,430
2	₹3,60,000	₹25,276	₹3,85,276
3	₹5,40,000	₹57,366	₹5,97,366
4	₹7,20,000	₹1,03,581	₹8,23,581
5	₹9,00,000	₹1,64,862	₹10,64,862

Frequently asked questions

Each monthly installment you deposit earns interest from the date it's made until maturity, compounded quarterly: the same convention most Indian banks use.

Most banks allow premature withdrawal of an RD, but apply a penalty (typically a reduced interest rate) similar to a fixed deposit closed before maturity.

Popular RD calculations

Related calculators

RD Calculator

Frequently asked questions

How is RD interest calculated?

Is the RD maturity amount taxable?

What happens if I miss a monthly installment?

Can I withdraw my RD before maturity?

Is an RD a good way to build an emergency fund?

RD Calculator

Frequently asked questions

How is RD interest calculated?

Is the RD maturity amount taxable?

What happens if I miss a monthly installment?

Can I withdraw my RD before maturity?

Is an RD a good way to build an emergency fund?