RD Calculator - Recurring Deposit

Your details

Switch between calculating the maturity amount from a fixed monthly deposit, or finding the deposit needed to reach a savings goal.
The fixed amount you deposit every month into the RD account.
INR
The annual interest rate quoted by your bank or post office. Indian RDs typically range from 4% to 8% p.a., compounded quarterly.
% p.a.
Duration of the RD. Most banks allow 6 months to 10 years. Enter partial years as a decimal (e.g. 1.5 for 18 months).
years
Add any remaining months on top of the full years above (e.g. 2 years 6 months = years: 2, months: 6).
months
Currency
Maturity amountGood returns
200,686INR

Total amount you receive when the RD matures (principal + interest)

Total deposited180,000INR
Interest earned20,686INR
Return on investment0.11%
Total deposited180,000
Interest earned20,686
Maturity amount200,686

Your RD matures at 2.01 lakh after 36 months.

  • Depositing 5000 per month for 36 months at 7% p.a. grows to 2.01 lakh.
  • Your bank adds 20686 in interest on top of 1.80 lakh of your own money, a 11.5% return on deposits.
  • Interest on RDs is taxable as income in India. If annual interest exceeds Rs 40,000 (Rs 50,000 for senior citizens), TDS at 10% applies.

Next stepRDs are low-risk but returns are fixed. Consider pairing with equity SIPs for long-term wealth creation beyond this deposit.

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