🪙 RD Calculator

A Recurring Deposit (RD) calculator finds the maturity value of your monthly bank deposits. Enter your monthly deposit amount, interest rate, and tenure in months to calculate total interest earned and final maturity value using the standard quarterly-compounding RBI formula.

🇺🇸 Calculating for United States

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Recurring deposit details

Monthly deposit (₹)

Interest rate (% p.a.)

Tenure (months)

Maturity value after 5 years

₹3,54,954.10

₹5,000.00/month at 6.5% p.a., quarterly compounding (RBI convention)

Total deposited

₹3,00,000.00

Total interest earned

₹54,954.10

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Frequently asked questions

How is RD maturity calculated?▾

Each monthly deposit earns interest for its remaining tenure at quarterly compounding. Maturity = Σ R × (1 + r/4)^(4 × remaining years), where R = monthly deposit, r = annual rate.

What is the minimum RD deposit in Indian banks?▾

Most banks accept RDs starting from ₹100–₹500 per month. Post Office RD starts at ₹100/month. SBI, HDFC, and ICICI allow ₹500 minimum.

Is RD interest taxable?▾

Yes. RD interest is taxable as "Income from Other Sources." TDS at 10% is deducted if total interest exceeds ₹40,000 (₹50,000 for senior citizens) in a year.

RD vs SIP — which is better?▾

RD offers guaranteed returns and capital protection (bank deposit). SIP in equity mutual funds offers potentially higher returns (10–15%) but with market risk. Choose RD for short-term goals and SIP for long-term wealth creation.

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Disclaimer: This calculator is for informational and educational purposes only. Results are estimates and not financial advice. Consult a licensed financial advisor before making financial decisions.