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RD Calculator

Find out how much your monthly recurring deposit will grow to by maturity.

₹
%
months
Maturity amount
₹3,56,829
Total deposited
₹3,00,000
Interest earned
₹56,829

How RD interest works

Each monthly instalment earns interest from the month it is paid until maturity. Banks compound RD interest quarterly, so earlier instalments earn more. The calculator adds up every instalment, which matches the standard formula M = R × [(1 + i)^n − 1] / [1 − (1 + i)^(−1/3)] with i the quarterly rate and n the number of quarters.

Example

Saving ₹1,000 a month for 12 months at 7% gives about ₹12,462 on ₹12,000 deposited.

The post office 5-year RD rate is 6.7% for October–December 2026. Rates are revised quarterly, so check the current rate.

Frequently asked questions

What if I miss an RD instalment?

Banks usually charge a small penalty per missed instalment, and several missed payments can close the RD. The calculator assumes every instalment is paid on time.

RD or SIP?

An RD gives a fixed, guaranteed return. A mutual fund SIP can earn more over the long term but its returns go up and down with the market. Many people use an RD for short goals and SIPs for goals 5+ years away.

Is RD interest taxable?

Yes, at your income tax slab rate, like FD interest.

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