RD Calculator
Calculate returns on your Recurring Deposit.
Input Values
₹
%
Months
Results
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⚠️ Results are indicative only. Consult a qualified professional before making any decisions.
What is this Calculator?
An RD (Recurring Deposit) Calculator helps you calculate the maturity amount for your monthly recurring deposits. RD is ideal for salaried individuals who want to save a fixed amount every month and earn guaranteed returns.
How to Use
1
Enter Monthly Deposit: Enter the amount you plan to deposit every month (e.g. ₹5,000).
2
Enter Interest Rate: Enter the annual interest rate offered by your bank (e.g. 6.5%).
3
Enter Duration: Enter the RD tenure in months (e.g. 24 months).
4
View Results: See Total Invested, Interest Earned, and Maturity Amount instantly.
Frequently Asked Questions
An RD is a savings scheme where you deposit a fixed amount every month for a chosen tenure. At maturity, you receive the total deposited amount along with accumulated interest.
RD uses compound interest: M = P × ((1+r)^n − 1) / r × (1+r), where P is monthly deposit, r is monthly rate, and n is tenure in months — same as the SIP formula.
RD offers guaranteed returns and capital safety, while SIP in mutual funds offers higher potential returns but with market risk. RD is better for short-term goals; SIP is better for long-term wealth creation.
Yes, RD interest is fully taxable as per your income tax slab. TDS is deducted if total interest exceeds ₹40,000 per year.
Most banks allow RD starting from ₹100 per month. Post Office RD starts from ₹100 per month with a fixed 5-year tenure.
Yes, premature closure is allowed in most banks with a small interest penalty. Post Office RD allows premature closure after 3 years.