RD Calculator
Calculate the maturity value and interest on a monthly recurring deposit with quarterly compounding.
Deposited
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Interest
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Maturity
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How the RD calculator works
Enter your monthly deposit, the interest rate, and the tenure in months. Each instalment is compounded quarterly for the months it stays invested, and the calculator totals them into your maturity value.
Where an RD shines
An RD is the simplest way to build a habit of monthly saving toward a near-term goal — a gadget, a trip, an emergency buffer — without exposing the money to market swings. For goals more than 5 years away, weigh it against a SIP, which historically delivers more.
Frequently Asked Questions
What is a recurring deposit?
A recurring deposit (RD) lets you save a fixed amount every month for a fixed tenure at a fixed interest rate. It suits disciplined monthly saving toward a short-term goal, with the safety of a bank deposit.
How is RD maturity calculated?
Each monthly instalment earns interest for the remaining months, compounded quarterly. Earlier instalments earn more because they stay invested longer. This calculator sums the compounded value of every instalment.
Is RD interest taxable?
Yes. RD interest is taxable at your slab rate, and TDS applies if interest across your deposits in a bank exceeds ₹40,000 a year (₹50,000 for senior citizens).
RD or SIP — which should I choose?
An RD offers guaranteed, modest returns and is best for short-term goals where you can't risk capital. A SIP in mutual funds has higher long-term return potential but carries market risk. Match the tool to the goal's time horizon.
Disclaimer: This calculator produces illustrative estimates only. Actual returns vary and, unless stated otherwise, results exclude expense ratios, exit loads, transaction costs, and taxes. Assumed rates are inputs, not forecasts or assured returns. This is educational content, not personalized investment advice — see our full disclaimer.