RD Calculator
Calculate the maturity value and interest on a recurring deposit.
- Total deposited
- —
- Interest earned
- —
What is a recurring deposit?
A recurring deposit (RD) lets you save a fixed amount every month for a set tenure at a guaranteed interest rate. It suits people who want the safety and assured returns of a fixed deposit but prefer to invest in small monthly instalments rather than a single lump sum.
How this RD calculator works
Each monthly deposit earns interest for the number of months it stays invested, compounded quarterly the way banks calculate it. The calculator sums the maturity value of every instalment to give your total maturity amount, the money you deposited and the interest earned.
How to use the RD Calculator
- Enter the monthly deposit. Type the fixed amount you will save each month.
- Add the interest rate. Use the annual rate your bank offers on the RD.
- Set the tenure. Enter the number of monthly instalments.
- Read your maturity. See the maturity amount, total deposited and interest earned instantly.
Frequently asked questions
How is RD interest compounded?
Indian banks compound recurring-deposit interest quarterly, which is exactly how this calculator works.
Can I change my monthly deposit later?
No. A standard RD fixes the instalment for the whole tenure, so this tool assumes a constant monthly deposit.
Is RD interest taxable?
Yes. RD interest is taxable at your income-tax slab and may attract TDS above the threshold.
Does the tool store my figures?
No. The calculation runs entirely in your browser and nothing is uploaded.