Recurring Deposit (RD) Calculator

Calculate your RD maturity amount with quarterly compounding interest and detailed breakdown.

RD Investment Details

Monthly Deposit (₹) ₹5,000

₹500₹1,00,000

Interest Rate (% p.a.) 6.5%

3%9%

Tenure (Years) 5 Years

1 Year10 Years

Regular Savings

RD helps build disciplined monthly savings habit with guaranteed returns

Safe Investment

Bank RDs are insured up to ₹5 lakh per depositor per bank

Maturity Details

Maturity Value ₹3,47,086

Total Investment ₹3,00,000

Total Interest Earned ₹47,086

Year-wise Breakdown

Year	Deposits Made	Interest Earned	Maturity Value

About Recurring Deposit (RD)

What is RD?

A Recurring Deposit is a special deposit scheme where you invest a fixed amount every month for a predetermined period. Interest is compounded quarterly, making it ideal for salaried individuals who want to save regularly.

RD Formula

M = P × n × (n+1) / 2 × (1 + r/4)^4

Where: M = Maturity, P = Monthly deposit, n = Number of months, r = Annual interest rate

Note: Interest is compounded quarterly in most banks.

Key Features

Fixed monthly deposits (minimum ₹100-500)
Tenure: 6 months to 10 years
Quarterly compounding of interest
Loan facility (up to 90% of deposits)
Premature withdrawal (with penalty)
Auto-debit facility available

Tax Implications

Interest is fully taxable as per income slab
TDS if interest exceeds ₹40,000/year
No tax deduction under Section 80C
Submit Form 15G/15H if income below taxable limit

RD vs Other Options

RD vs FD: RD for monthly savers, FD for lump sum
RD vs SIP: RD safer, SIP higher potential returns
RD vs PPF: PPF has better tax benefits but longer lock-in
Best for: Short to medium-term goals (1-5 years)

Who Should Invest?

Salaried individuals with regular income
Those wanting risk-free guaranteed returns
Planning for short-term financial goals
Looking to build disciplined savings habit
Conservative investors preferring safety