RD Calculator

Calculate your recurring deposit maturity and interest earned.

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Yr

Your Investment Results

Invested amount, interest earned and maturity value:

Invested amount

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Interest earned

₹

Maturity value

₹

RD Growth Schedule

Year Total Contribution Returns Earned Closing Balance

Understanding Compounding in RD

Recurring deposits are generally compounded quarterly in India, but banks and financial institutions may also use monthly, half-yearly, or yearly compounding depending on the product.

Quarterly Compounding RD Calculator

By default, Indian banks compound RD interest every quarter. Our calculator reflects this option when you select Quarterly from the dropdown. This is the most common method and aligns with RBI guidelines.

Monthly Compounding RD Calculator

Some cooperative banks and international institutions may use monthly compounding. Simply choose "Monthly" from the calculator to compare returns.

Half-Yearly Compounding RD Calculator

Half-yearly compounding is rare but still offered in certain deposit schemes. Use this option to calculate maturity accordingly.

Yearly Compounding RD Calculator

In yearly compounding, interest is calculated once per year. Returns are typically lower compared to quarterly or monthly compounding.

Frequently Asked Questions

What is a Recurring Deposit (RD)? ▼
A Recurring Deposit lets you save a fixed amount every month for a chosen tenure at a fixed interest rate. At maturity you get back all your instalments plus the compound interest they earned — making it a disciplined way to build a lump sum from small monthly savings.
How is RD maturity calculated? ▼
Each monthly instalment earns interest for the time it stays invested, and the interest is compounded. Banks usually compound RD interest quarterly, which is the default here — you can also switch to monthly, half-yearly or yearly to match your bank. The calculator adds up every instalment with its compounded interest to give the maturity value.
Is the interest earned on an RD taxable? ▼
Yes. RD interest is fully taxable and added to your income under “Income from other sources,” taxed at your income-tax slab rate. Banks may also deduct TDS if your total interest in a year crosses the applicable threshold. This is a savings tool, so returns are modest but predictable.
How is an RD different from a Fixed Deposit (FD)? ▼
An FD invests a single lump sum up front, while an RD spreads your investment across equal monthly deposits. RD suits regular savers building a corpus over time; FD suits money you already have and want to park in one go. Rates are broadly similar, but an FD's full amount earns from day one.
Can I withdraw my RD before maturity? ▼
Most banks allow premature withdrawal, but usually with a small interest-rate penalty and sometimes a minimum lock-in. If you might need the money sooner, pick a shorter tenure rather than breaking the RD early.

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