RD Calculator
Recurring deposit maturity and interest.
RD maturity
A recurring deposit helps you save a fixed amount every month at a known bank or post-office rate. Use this calculator to estimate maturity value, total deposits, and interest for conservative goals.
What is this calculator?
An RD calculator estimates the maturity value of monthly deposits after compounding. Each deposit earns interest for the remaining tenure, so early deposits earn more interest than later deposits.
Formula
RD maturity is estimated by compounding each monthly installment for its remaining months at the chosen annual rate. Banks may compound quarterly and round interest as per their policy.
Example
Another example
Assumptions and disclaimers
Updated context: 2026
- •Interest rate is user-entered and may differ across banks, tenure, and senior citizen category.
- •Premature closure penalties, TDS, and tax on interest are not fully modeled.
- •Compounding frequency and rounding may vary by institution.
- •Post office and bank RD rules can differ.
In practice (India)
RDs are useful when you have monthly surplus but do not want market volatility. They are usually easier to plan than equity investments because the interest rate is known when booked.
Compare RD with FD if you already have a lump sum, and with SIP if your goal horizon is long enough to accept market risk. For tax planning, remember that RD interest is generally taxable as per slab.
Benefits
- ✓Plan monthly savings for conservative goals.
- ✓Estimate maturity before opening an RD.
- ✓Compare RD with FD and SIP alternatives.
- ✓Understand total deposit vs interest earned.
Related calculators and guides
Frequently Asked Questions
- Is RD interest taxable?
- Yes, RD interest is generally taxable as per your income-tax slab. Banks may also deduct TDS if conditions are met.
- RD vs FD: which is better?
- RD suits monthly savings. FD suits lump-sum investment. Compare based on cash flow and rate.
- Can I withdraw RD before maturity?
- Most banks allow premature closure with penalty or lower interest. Check the specific bank terms.
- Do senior citizens get higher RD rates?
- Often yes, banks may offer an additional rate for senior citizens. Enter the applicable rate manually.
- Is RD risk-free?
- RDs with regulated banks/post offices are relatively conservative, but you should still consider deposit insurance limits and institution risk.
RD maturity is an estimate. Confirm exact interest, TDS, and premature-closure rules with your bank or post office.
How we calculate
Estimates use the formula shown above. Rules and rates are checked against official India sources where applicable (Income Tax Act, RBI/NSC circulars, GST law). Last reviewed for 2026.
- Interest rate is user-entered and may differ across banks, tenure, and senior citizen category.
- Premature closure penalties, TDS, and tax on interest are not fully modeled.
- Compounding frequency and rounding may vary by institution.
- Post office and bank RD rules can differ.