Recurring Deposit Calculator
Calculate maturity amount for recurring deposit (RD)
RD Details
Enter RD details and click Calculate
Maturity Amount
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Total Deposited
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Interest Earned
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How to Use
- Enter your Monthly Deposit amount.
- Enter the Annual Interest Rate offered by your bank.
- Enter the Tenure in months.
- Click Calculate — see Maturity Amount and Total Interest earned.
What is a Recurring Deposit?
A Recurring Deposit (RD) lets you invest a fixed amount every month and earn compound interest. It's ideal for salaried individuals who can't invest a lump sum but want higher returns than a savings account. RDs are offered by all banks and India Post.
RD Interest Formula
Where M = maturity value, R = monthly instalment, i = quarterly interest rate, n = number of quarters. Banks compound RD interest quarterly in India.
Key Features
- Minimum deposit: ₹100/month (most banks) or ₹10/month (India Post)
- Tenure: 6 months to 10 years
- Interest rates: Usually equal to FD rates for the same tenure (6.5% – 7.5% for major banks in 2025)
- TDS: Deducted on total interest if it exceeds ₹40,000 per year
- Premature closure: Allowed with a small penalty
RD vs SIP: Which is Better?
RDs are capital protected with fixed returns — best for low-risk savers. SIPs (Systematic Investment Plans in mutual funds) have market-linked returns — historically 10–15% p.a. for equity funds but with volatility. For financial goals beyond 5 years, SIPs often outperform RDs significantly.