Calculate maturity amount for recurring deposit (RD)
| After month | Deposited | Interest | Balance |
|---|---|---|---|
| 12 | ₹60,000 | ₹2,311 | ₹62,311 |
| 24 | ₹1,20,000 | ₹9,099 | ₹1,29,099 |
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Results are estimates, not financial advice. Rates, charges and rules change, so confirm with your bank, post office or a financial adviser before you decide. Terms of use
How to Use
- Enter your Monthly deposit.
- Enter the Rate of interest your bank or post office offers.
- Set the Duration in months and the Compounding frequency (usually quarterly).
- The Maturity amount, total deposited and interest earned update as you type. For RDs longer than a year you also get a year-by-year balance table.
- Download a pdf report or the table as CSV/Excel, or share a link to this result.
What is a recurring deposit?
A Recurring Deposit (RD) lets you put a fixed amount away every month and earn compound interest on it. It suits salaried people who don't have a lump sum to invest but want more than a savings account pays. Every bank offers RDs, and so does India Post. This RD calculator shows what your monthly deposits will add up to.
The RD interest formula
Here M is the maturity value, R the monthly instalment, i the quarterly interest rate and n the number of quarters. Indian banks compound RD interest every quarter.
Key features
- Minimum deposit: ₹100 a month at most banks and at India Post (in multiples of ₹10 there)
- Tenure: 6 months to 10 years
- Interest rates: usually the same as the FD rate for the same tenure, so check your bank's current rate
- TDS: 10% is deducted if your total interest from the bank is more than ₹50,000 a year (₹1 lakh for senior citizens) since April 2025
- Premature closure: allowed, with a small penalty
RD or SIP?
An RD protects your capital and pays a fixed return, so it suits people who don't want risk. A SIP (a systematic investment plan in a mutual fund) gives market-linked returns. Equity funds have returned 10–15% a year in the past, but with ups and downs along the way. For goals more than 5 years away, a SIP often does much better than an RD.