RD Calculator
Work out recurring deposit maturity and interest.
Indian recurring deposits compound quarterly. Each instalment earns interest for the months remaining until maturity.
Free online RD calculator. Enter your monthly deposit, annual rate and tenure in months to see the maturity value, total deposited and interest earned on your recurring deposit. Compounds quarterly like Indian bank RDs. Runs in your browser.
How to use the RD Calculator
- 01Enter the amount you deposit every month.
- 02Enter the annual interest rate and the tenure in months.
- 03See the maturity value, total deposited and interest earned.
Frequently asked questions
How is RD maturity calculated?
Indian recurring deposits compound quarterly. Each monthly instalment earns interest for the months remaining until maturity: value = deposit × (1 + r ÷ 400)^(remaining months ÷ 3). The tool sums this over every instalment.
Why is the interest lower than an FD at the same rate?
In an RD each instalment is invested for a shorter time than the full tenure, since you deposit month by month rather than all upfront. So the average time your money earns interest is shorter than in a lump-sum FD.
Does this include TDS on the interest?
No. It shows the gross maturity value. RD interest is taxable and banks may deduct TDS, so your final in-hand amount can be lower depending on your tax slab.