RD Calculator

Calculate the maturity amount and interest earned on your Recurring Deposit (RD).

RD Details
Enter your recurring deposit details
₹500₹1,00,000
3%10%
1 year10 years

Total Deposits: 60 monthly installments of ₹5,000 = ₹3.00 L

Maturity Amount
₹3.60 L

After 5 years

Total Deposits₹3.00 L
Total Interest₹59,664
Maturity Amount₹3.60 L
Deposits vs Interest
Deposits (83%)
Interest (17%)

Effective Return

19.9%

on your total deposits

What is a Recurring Deposit (RD)?

A Recurring Deposit is a savings scheme where you deposit a fixed amount every month for a predetermined period. It combines the discipline of regular savings with the safety and returns of a fixed deposit.

RD vs FD vs SIP

Recurring Deposit
  • - Fixed monthly deposits
  • - Guaranteed returns
  • - Low risk
  • - Returns: 6-7% p.a.
Fixed Deposit
  • - Lump sum investment
  • - Guaranteed returns
  • - Low risk
  • - Returns: 6-7.5% p.a.
SIP (Mutual Funds)
  • - Fixed monthly investment
  • - Market-linked returns
  • - Moderate to high risk
  • - Returns: 10-15% p.a. (expected)

Benefits of RD

  • Discipline: Forced savings through regular monthly deposits
  • Safety: Guaranteed returns with no market risk
  • Flexibility: Start with as low as ₹100/month in some banks
  • Loan Facility: Take loans against your RD balance
  • Senior Citizen Benefit: Higher rates for senior citizens

Note: RD interest is taxable. TDS is deducted if the interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your income is below the taxable limit.