Recurring Deposit Calculator

Calculating your RD maturity amount takes less than a minute:

1. Enter your monthly deposit amount — the fixed amount you plan to invest every month.
2. Enter the annual interest rate offered by your bank for the chosen RD tenure.
3. Select the investment tenure in months or years.
4. Click Calculate to instantly see your total deposited amount, interest earned, and final maturity amount.

The calculator also shows a month-by-month breakdown of how your RD corpus grows over the investment period.

A Recurring Deposit (RD) is a savings instrument offered by banks and post offices where you deposit a fixed amount every month for a predetermined tenure, earning interest on your growing balance. At maturity, you receive the total deposited amount along with the accumulated interest.

RDs combine the discipline of regular saving with the safety and guaranteed returns of a fixed deposit, making them ideal for salaried individuals who want to build a corpus gradually from their monthly income without investing a large lump sum upfront.

RD maturity amount is calculated using the following formula:

M = R × [(1 + i)^n − 1] / (1 − (1 + i)^(-1/3))

A simpler approach used by most calculators:

• Each monthly installment is treated as a separate deposit that earns compound interest for the remaining tenure.
• The first installment earns interest for the full tenure, the second for one month less, and so on.
• The maturity amount is the sum of all these individual installment maturity values.

For example, if you deposit ₹5,000 per month for 3 years at 7% interest compounded quarterly, your total investment of ₹1,80,000 would grow to approximately ₹2,01,525, earning interest of around ₹21,525.

RDs have several features that make them a popular savings choice:

1. Fixed Monthly Contribution — You commit to a fixed monthly deposit, building saving discipline over time.
2. Flexible Tenure — RDs are available for tenures ranging from 6 months to 10 years, depending on the bank.
3. Guaranteed Returns — Like FDs, RD returns are fixed and guaranteed, unaffected by market fluctuations.
4. Loan Against RD — Most banks allow you to take a loan of up to 80% to 90% of your RD balance, providing liquidity without breaking the deposit.
5. Premature Withdrawal — RDs can be closed before maturity, subject to a penalty similar to fixed deposits.

Both RD and SIP involve regular monthly investments, but they differ significantly:

• Returns — RDs offer fixed, guaranteed returns (currently around 6% to 7.5%), while SIPs in equity mutual funds have historically delivered higher returns (10% to 14%) over the long term, though with market-linked risk.
• Risk — RDs carry no market risk and offer capital protection. SIP returns depend on market performance and can fluctuate.
• Tax — RD interest is fully taxable. SIP returns in equity funds held over one year are taxed at 10% LTCG (above ₹1 lakh), making SIPs more tax-efficient for long-term investors.
• Ideal For — RDs are better for short-term goals and conservative investors. SIPs are better for long-term wealth creation and investors comfortable with market volatility.

Our calculator helps you plan your monthly savings smartly by allowing you to:

• Get instant, accurate RD maturity amount calculations
• Compare returns across different monthly amounts, tenures, and interest rates
• Understand exactly how much interest your regular savings will earn
• Plan short to medium-term financial goals with confidence