RD Calculator
Work out the maturity value of a recurring deposit, where you deposit a fixed amount every month.
Frequently asked questions
How is RD maturity calculated?
Banks compound RD interest quarterly. Each monthly deposit earns interest for the months left until maturity: deposit × (1 + r ÷ 4)^(months left ÷ 3). The values of all deposits are added.
What if I miss an instalment?
Most banks charge a small penalty for a late instalment, and may close the RD after several missed payments.
Is RD interest taxable?
Yes. It is taxed at your slab rate and TDS applies above the yearly limit, the same as a fixed deposit.
Disclaimer: This calculator is for illustration only. Results are estimates based on the interest rate you enter and are before tax. Actual interest depends on the terms of your bank, post office or scheme, and rates can change.
Please check the current rate and terms with the institution before investing.