RD Calculator — Recurring Deposit Maturity
Estimate maturity value for monthly deposits with your chosen interest rate and compounding frequency.
Saved RD Calculations
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RD Calculator – Recurring Deposit Maturity & Interest Calculator
This RD Calculator helps you calculate the maturity amount, total investment, and interest earned on your Recurring Deposit. It works for all Indian banks, including SBI, HDFC, ICICI, Axis, Kotak, Post Office RD, and cooperative banks.
Just enter your monthly deposit amount, interest rate, and tenure. The calculator instantly computes your maturity value using accurate compounding rules (monthly or quarterly, depending on your selection).
What Is a Recurring Deposit (RD)?
A Recurring Deposit is a fixed investment product offered by Indian banks and post offices. You deposit a fixed amount every month, and the bank gives you interest on your balance at the chosen compounding frequency.
RDs are popular because:
Low risk
Guaranteed returns
Ideal for salaried individuals
Works well for long-term disciplined savings
Maturity value depends on:
Monthly deposit
Interest rate (% per annum)
Tenure (months/years)
Compounding frequency (monthly/quarterly/yearly)
How This RD Calculator Works
This tool uses a precise simulation method to calculate:
Total Principal Deposited
Interest Earned
Total Maturity Amount
Year-wise & month-wise growth schedule
The calculation factors include:
Deposits made at the beginning of each month
Interest added at selected compounding intervals
Exact monthly balance tracking
Option to set start date to show timeline growth
This mirrors real Indian banking RD logic.
Formula Used for RD Calculation
Many banks use quarterly compounding. The formula for maturity is:
Where:
P = Monthly deposit
r = Annual interest rate
n = Compounding frequency
t = Tenure (years)
This calculator also provides a simulation-based output, which is more accurate for irregular tenures (like 2 years 7 months).
How to Use the RD Calculator
Enter your monthly deposit amount
Enter annual interest rate (example: 6.5%)
Select tenure (years and months)
Choose compounding frequency
(Optional) Select a start date
Click Calculate Maturity
You will instantly get:
Maturity amount
Interest earned
Total deposit
Annual growth chart
Full monthly schedule
Who Should Use an RD Calculator?
This tool is ideal for:
Students saving monthly allowance
Salaried employees
Parents planning for education goals
Small business owners
Anyone doing Post Office RD or bank RD
Benefits of Using an RD Calculator
Eliminates manual calculation errors
Helps compare returns across different banks
Saves time when planning savings
Shows exactly how much you will receive at maturity
Perfect for financial planning and SIP alternatives
FAQ – Recurring Deposit (RD) Calculator
Which bank offers the best RD interest rate?
Rates change often. Typically, SBI, HDFC, ICICI, and Post Office offer 5.5%–7.5% depending on the tenure.
Is RD interest taxable?
Yes. RD interest is taxable under your income tax slab, and TDS may be applied depending on total interest earned.
Can I withdraw RD before maturity?
Yes, but premature withdrawal reduces the interest earned.
Does Post Office RD use quarterly compounding?
Yes. Most banks also follow quarterly compounding for RD.
Is RD better than FD?
FD gives higher returns for lump-sum deposits. RD is better for monthly disciplined savings.
What is the minimum tenure for RD?
Usually, 6 months and a maximum of 10 years, depending on the bank.
Conclusion
This RD Calculator is built for accurate and fast calculation of the Recurring Deposit maturity. Whether you're investing in SBI, HDFC, ICICI, Axis Bank, Kotak, or Post Office RD, the tool gives you a precise estimate of your final maturity amount and interest earnings.
Use it before starting any RD, so you know exactly what you’ll get at the end of your investment period.