Estimate your RD maturity amount, monthly contribution, and compound interest growth. Use this RD calculator to plan disciplined savings for 6 months to 10 years.
Total Contributed
₹3,00,000
Estimated Returns
₹55,284
Maturity Value
₹3,55,284
| Duration | Contributed | Projected Maturity |
|---|---|---|
| 1 yr | ₹60,000 | ₹62,155 |
| 3 yr | ₹1,80,000 | ₹1,99,232 |
| 5 yr | ₹3,00,000 | ₹3,55,284 |
In a recurring deposit, you invest a fixed amount every month and earn compound interest on the accumulated balance. This calculator uses monthly compounding to estimate your final maturity value.
RD is ideal for regular savers who want guaranteed returns without market risk.
RD gives fixed returns and is simpler than SIPs because there is no market risk. It is less liquid than a savings account, but more disciplined for monthly savings.
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Ready to grow wealth beyond Recurring Deposits? Open a free demat account and start a SIP in mutual funds for better inflation-adjusted returns.
Open Free Zerodha AccountUse this free RD calculator to instantly calculate the maturity amount and total interest earned on your Recurring Deposit. Enter your monthly deposit amount, the annual interest rate offered by your bank, and the tenure — the calculator shows your exact maturity value using the standard quarterly compounding formula used by all Indian banks.
A Recurring Deposit is a disciplined savings instrument where you deposit a fixed amount every month for a chosen period. It is ideal for salaried individuals who want to save regularly from their monthly income without needing a large lump sum upfront. RD interest rates are generally slightly lower than FD rates but offer the convenience of monthly deposits.
| Monthly Deposit | Tenure | Rate | Total Invested | Maturity Value | Interest Earned |
|---|---|---|---|---|---|
| ₹5,000 | 1 year | 6.5% | ₹60,000 | ₹62,113 | ₹2,113 |
| ₹5,000 | 3 years | 6.8% | ₹1,80,000 | ₹2,00,212 | ₹20,212 |
| ₹10,000 | 2 years | 7.0% | ₹2,40,000 | ₹2,57,684 | ₹17,684 |
| ₹10,000 | 5 years | 7.0% | ₹6,00,000 | ₹7,15,458 | ₹1,15,458 |
| ₹25,000 | 3 years | 7.0% | ₹9,00,000 | ₹10,01,060 | ₹1,01,060 |
| Feature | RD | FD | SIP |
|---|---|---|---|
| Investment style | Monthly fixed amount | One-time lump sum | Monthly flexible amount |
| Returns | Fixed (5.5–7.5%) | Fixed (6.5–7.5%) | Market-linked (8–14% historical) |
| Capital safety | Guaranteed | Guaranteed | Market risk |
| Tax on returns | Taxable (slab) | Taxable (slab) | LTCG 10% after 1yr |
| Ideal for | Monthly savers, short goals | Lump sum, short-medium goals | Long-term wealth creation |
| Liquidity | Premature closure (with penalty) | Premature closure (with penalty) | Anytime (T+1 to T+3) |
Minimum monthly deposit is ₹100 for most banks, with no upper limit in most cases (though some banks cap at ₹1,00,000/month). Post Office RD minimum is ₹100/month with no maximum.
Yes, after 3–6 months (varies by bank). However, premature closure attracts a penalty — typically 1–2% reduction in the applicable interest rate. The reduced rate is applied to the entire deposit period, not just the remaining period.
RD rates vary by bank, tenure, and depositor type. Major banks offer 5.5–7.5% for regular depositors and 0.25–0.5% higher for senior citizens. Post Office RD offers 6.7% per annum. Rates change periodically, so always check your bank's current rate before opening an RD.
Yes. RD interest is fully taxable as income under 'Income from Other Sources' at your applicable slab rate. Banks deduct TDS at 10% if annual interest from all deposits exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
RD interest is compounded quarterly in India. The formula used is: M = R × [(1+r)^n − 1] ÷ (1−(1+r)^(−1/3)), where M is maturity value, R is monthly deposit, r is quarterly interest rate, and n is the number of quarters. Each monthly deposit earns interest from the date of deposit until maturity.
FD requires a one-time lump sum deposit, while RD requires a fixed amount every month. FD suits those with a large sum available now; RD suits those who want to save a fixed amount from monthly income. RD rates are slightly lower than FD rates for the same bank and tenure.