RD Calculator
Calculate Recurring Deposit maturity amount and returns
Most banks: Minimum ₹100-500 per month
Current bank rates: 5.5% - 7.5%
Minimum tenure: 6 months, Maximum: 10 years (varies by bank)
Most banks compound RD interest quarterly
RD Features
• Fixed monthly deposit for chosen tenure
• Penalty for missed deposits (usually 1% of deposit amount)
• Can be continued/renewed after maturity
• Loan facility available (up to 80-90% of deposit)
• Auto-renewal option with same or different tenure
Maturity Details
Monthly Deposit
₹5,000
Tenure
12 Months
Interest Rate
6.5% p.a.
Effective Annual Rate
3.52%
Investment Comparison
RD Advantages:
• Guaranteed returns with capital protection
• Disciplined monthly savings habit
• Lower risk compared to market-linked products
Tax Information
• Interest earned is taxable as per your income tax slab
• TDS deducted if interest exceeds ₹40,000 in a financial year
• No tax benefits under Section 80C (unlike PPF/ELSS)
• Submit Form 15G/15H if income is below taxable limit
Estimated Annual Tax: ₹634
(Assuming 30% tax bracket)
About Recurring Deposits
Recurring Deposit (RD) is a term deposit where you invest a fixed amount monthly for a predetermined period. It combines the features of regular savings and fixed deposits, making it ideal for building disciplined savings habits. RDs offer guaranteed returns with capital protection, making them suitable for conservative investors. Interest rates are similar to FDs but the compounding happens on monthly deposits rather than a lump sum amount.