Recurring Deposit Calculator
Calculate RD maturity with monthly deposits
| Year | Deposited | Interest | Value |
|---|---|---|---|
| 1 | ₹60,000 | ₹2,311 | ₹62,311 |
| 2 | ₹1,20,000 | ₹9,099 | ₹1,29,099 |
| 3 | ₹1,80,000 | ₹20,686 | ₹2,00,686 |
| 4 | ₹2,40,000 | ₹37,418 | ₹2,77,418 |
| 5 | ₹3,00,000 | ₹59,664 | ₹3,59,664 |
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Open calculatorAssumptions and methodology
Transparent calculation notes for RD Calculator.
Formula used
Each monthly deposit is compounded for its remaining tenure and added to the final maturity value.
Methodology
- Treat each monthly deposit as a separate contribution.
- Compound every contribution until maturity.
- Add all compounded deposits to estimate maturity value.
Core assumptions
- Deposits are made monthly without missed installments.
- The interest rate remains fixed.
- Compounding follows the selected or default bank convention.
Not included
- Tax, TDS, premature closure penalty, and missed-installment charges are excluded.
- Actual bank calculations may vary by product rules.
About RD Calculator
Guide1What is a Recurring Deposit (RD)?
A Recurring Deposit (RD) is a savings instrument offered by banks and post offices in India that allows you to invest a fixed amount every month for a predetermined tenure. It combines the discipline of regular saving with the safety and guaranteed returns of a fixed deposit.
RDs are ideal for individuals who want to save a fixed sum monthly and earn interest on their accumulated savings, without exposure to market risk.
2RD Interest Calculation
RD interest is typically compounded quarterly. The maturity value is calculated as:
M = R × [(1 + r/n)^(n×t) - 1] / [1 - (1 + r/n)^(-1/3)]
A simplified approach treats each monthly deposit as a separate FD compounded for its remaining tenure. The total maturity value is the sum of all such individual compounded amounts.
- R = Monthly deposit amount
- r = Annual interest rate
- n = Compounding frequency (typically 4 for quarterly)
- t = Tenure in years
3How to Use This RD Calculator
- Step 1: Enter your monthly deposit amount (e.g., ₹5,000)
- Step 2: Input the annual interest rate (e.g., 7%)
- Step 3: Choose the RD tenure (typically 6 months to 10 years)
- Step 4: View the maturity amount and total interest earned
4RD vs SIP: Key Differences
- Returns: RD offers fixed guaranteed returns; SIP returns are market-linked and variable
- Risk: RD has near-zero risk; SIP carries market risk
- Potential: SIP can generate significantly higher returns over long periods
- Flexibility: Missing an RD installment attracts penalties; SIP can be paused freely
- Tax: RD interest is fully taxable; SIP equity gains have more favorable tax treatment