RD Calculator – Recurring Deposit Calculator

Estimate the maturity value of your recurring deposit. Adjust the inputs above and results update instantly.

A Recurring Deposit (RD) lets you build savings by depositing a fixed amount every month, unlike a Fixed Deposit which requires a lump sum upfront. Interest on RDs is typically compounded quarterly by banks. This calculator converts the quarterly compounding rate to an equivalent monthly rate and applies it to your monthly instalments to estimate the maturity value.

Frequently Asked Questions

How is RD maturity calculated?
Banks compound RD interest quarterly. This calculator converts the quarterly rate to an equivalent monthly rate, then applies it to each monthly instalment (deposited at the start of the month) to estimate the maturity value.
Is RD interest taxable?
Yes, RD interest is taxable as per your income tax slab, and TDS may apply if interest income exceeds the prescribed threshold.
What happens if I miss an instalment?
Most banks charge a small penalty for missed RD instalments. This calculator assumes all instalments are paid on time.