RD Calculator
Calculate recurring deposit maturity value and interest earned on a fixed monthly deposit — the guaranteed-return counterpart to a SIP.
Fixed amount deposited every month
Annual rate your bank offers (% p.a.)
Deposit duration in months
RD year-wise growth
| Year | Invested | Wealth gained | Total value |
|---|---|---|---|
| 1 | ₹60,000 | ₹2,155 | ₹62,155 |
| 2 | ₹1.2 Lakh | ₹8,473 | ₹1.3 Lakh |
| 3 | ₹1.8 Lakh | ₹19,232 | ₹2.0 Lakh |
RD maturity value
₹2.0 Lakh
Deposited
₹1.8 Lakh
Interest
₹19,232
Illustrative, monthly-compounding approximation — your bank's actual RD statement usually compounds quarterly and may differ slightly.
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Calculator guide
How to use the RD Calculator
Use the RD calculator to estimate recurring deposit maturity value from fixed monthly deposits. It is the guaranteed-return counterpart to a SIP — same monthly discipline, bank interest instead of market returns.
RD calculator logic
Each month's deposit compounds monthly at the RD rate until maturity
- Monthly deposit is the fixed amount deposited every month.
- Rate is the RD interest rate your bank offers.
- Real bank RDs usually compound quarterly, not monthly — this is a close illustrative approximation, not your bank's exact statement.
What is a recurring deposit calculator?
A recurring deposit (RD) locks in a fixed monthly deposit and a fixed interest rate for a chosen tenure, then pays out principal plus interest at maturity. It is one of the most common ways Indian savers build a short-term guaranteed corpus.
Unlike a SIP, the return is fixed and known upfront — there is no market risk, but also no upside beyond the notified rate.
RD vs SIP
An RD suits money you cannot afford to see shrink — an emergency fund, a short-term goal, a wedding or trip 1-3 years out. A SIP suits money with a longer horizon where market volatility has time to average out.
Many savers use both: RD for near-term certainty, SIP for long-term growth.
Frequently asked questions
What is the minimum RD tenure?+
Most Indian banks offer RD tenures from 6 months up to 10 years, in multiples of 3 months.
Is RD interest taxable?+
Yes. RD interest is added to your income and taxed at your slab rate, same as FD interest. TDS rules may also apply.
Is RD better than FD?+
RD suits money you don't have as a lump sum yet — it builds it up monthly. FD suits money you already have in hand. Interest rates are usually similar for the same tenure.
What happens if I miss an RD instalment?+
Most banks charge a small penalty for a missed or delayed instalment. Rules vary by bank, so check your specific RD terms.