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RD Calculator

Plan your recurring deposit

Maturity value and interest of a recurring deposit, compounded quarterly like Indian banks.

Free, private, no sign-up

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How to calculate RD maturity

  1. Enter how much you deposit every month.
  2. Enter the interest rate your bank or post office offers for the RD.
  3. Choose the tenure (6 to 120 months) and read the maturity amount, the interest and a year-by-year table.

How RD interest works

Banks in India and India Post compound recurring deposit interest every quarter. Each monthly instalment earns interest for the months it stays in the account, so the first instalment earns the most and the last the least.

Good to know

Why do I have to enter the interest rate?

RD rates differ from bank to bank and change from time to time. Entering your own bank's rate gives you the right answer, instead of a guess that may be out of date.

Is RD interest taxable?

Yes. It's added to your income, and the bank may deduct TDS when interest goes over ₹40,000 in a year (₹50,000 for senior citizens).

Why is my bank's figure a few rupees different?

Banks round interest in slightly different ways. The difference is usually only a few rupees.