RD Calculator
Calculate the maturity value of a recurring deposit. Enter your monthly deposit, interest rate and tenure to see total deposited, interest and maturity.
Bank and post office RD rates are typically 6.5% to 7.5%.
Total Deposited
₹3.00 L
Interest Earned
₹60,053
Maturity Value
₹3.60 L
Year-by-Year Breakdown
A recurring deposit lets you save a fixed amount every month. Interest is taxable at your income slab rate.
What is a recurring deposit?
A recurring deposit (RD) is the savings cousin of the FD - you deposit a fixed amount every month for a fixed tenure at a fixed interest rate. At maturity you receive the total of all your monthly deposits plus compound interest. RD rates in 2026 are typically 6-7% at banks and slightly higher at post offices. RDs suit anyone who wants disciplined monthly saving with guaranteed returns. They are not great for long-term wealth - equity SIPs usually outperform RDs over 7+ years after inflation - but they shine for short-term, certain-outcome saving.
How to use the RD Calculator
- Enter the monthly deposit. The fixed amount you'll save every month.
- Set the interest rate. Use the bank or post-office RD rate.
- Enter the tenure. RD tenures range from 6 months to 10 years.
- Review maturity. See total deposited, interest earned and final maturity value.
- Plan against a goal. Use the calculator backwards to find what monthly deposit reaches your target.
Formula and method
RD maturity uses quarterly compounding on each instalment for its remaining tenure. The formula is more involved than FD because each monthly deposit compounds for a different duration.
When an RD makes sense
- Disciplined saving. Forces a fixed monthly habit, like a SIP but with guaranteed return.
- Short-term targets. A vacation, a phone, a wedding - knowing the exact maturity is reassuring.
- Conservative investors. Zero market risk, principal-safe.
- Post office RDs. Backed by Government of India and slightly higher than bank rates.
- Pair with FD. RD for the next year, FD for the lump that arrives.