How to Calculate RD Maturity
Plan your monthly savings.
Monthly Deposit
Enter the amount you can save each month.
Interest Rate
Enter the bank's RD interest rate.
Duration
Select the tenure in months or years.
Result
View the total maturity value and interest earned.
What does this tool do?
Build wealth through small savings. Recurring Deposits (RD) let you save a fixed amount every month. This calculator accurately computes the maturity value based on the quarterly compounding logic used by most Indian banks.
Frequently Asked Questions
Can I miss an installment?
Banks may charge a penalty for missed payments.
Is RD interest taxable?
Yes. TDS is applicable just like Fixed Deposits.
Is this calculator free?
Yes. Completely free to use.
Recurring Deposit (RD) Calculator
This RD Calculator helps you find the maturity value of your Recurring Deposits. It accurately calculates the interest earned on your monthly installments using the compounding formula used by Indian banks (typically quarterly compounding).
Recurring Deposits are ideal for salaried individuals who want to save a fixed amount every month securely.
What is a Recurring Deposit (RD)?
An RD acts like a systematic investment plan (SIP) but for guaranteed returns. You deposit a fixed sum monthly for a fixed tenure, earning interest rates similar to Fixed Deposits.
RD vs FD
- Investment StyleFD is one-time lump sum. RD is monthly savings.
- Interest RatesUsually identical for the same tenure.
- Goal SuitabilityRD is best for short-term goals like vacations or buying gadgets.
How RD Interest is Calculated
Since you deposit money every month, each installment earns interest for a different duration. The first installment earns interest for the full tenure, while the last one earns for just one month.
Compounding Frequency
Most Indian banks (SBI, HDFC, ICICI) compound RD interest quarterly. This calculator follows this standard banking practice for maximum accuracy.