Calculate recurring deposit returns instantly. Find maturity amount for monthly deposits, interest earned, and total investment. Plan your savings with our free RD calculator.
Calculate recurring deposit returns in 3 simple steps:
Enter the amount you want to deposit every month. Minimum βΉ500, maximum βΉ1 Lakh per month. Choose an amount that fits your budget.
Enter the annual interest rate offered by your bank (typically 5.5-7.5%). Choose deposit period from 6 months to 10 years.
See total maturity amount, interest earned, and investment breakdown. Compare with different rates and tenures to maximize returns.
Monthly Deposit: βΉ5,000
Interest Rate: 6.5% per year
Duration: 5 years (60 months)
Monthly Rate: 6.5 / 12 / 100 = 0.00542
Total Invested: βΉ5,000 Γ 60 = βΉ3,00,000
Maturity Amount: βΉ3,53,143
Interest Earned: βΉ53,143
Effective Yield: 17.7% on invested amount
Calculate RD maturity amount instantly. See how small monthly savings grow into substantial corpus over time.
Calculate in INR, USD, EUR, GBP, AED. Works for recurring deposits worldwide with automatic formatting.
Uses standard RD formula with quarterly compounding. Get accurate results matching bank calculations.
See investment vs interest in interactive charts. Understand your savings growth visually.
Compare different monthly amounts and tenures. Find the perfect RD plan that matches your goals.
Calculate RD returns on any device. Plan your savings on the go.
Recurring Deposit is a savings scheme where you deposit a fixed amount every month for a predetermined period. At maturity, you receive principal + interest. RD is ideal for regular savers who want to build corpus through small monthly contributions.
RD rates vary by bank and tenure. Current rates (2025): 5.5-7.5% for regular customers, 6.0-8.0% for senior citizens. Rates are similar to FD rates for equivalent tenures. Longer tenures typically offer higher rates.
Minimum: βΉ100-βΉ1,000 per month (varies by bank). Maximum: No limit, but most banks allow up to βΉ1 lakh per month for online RD. Larger amounts possible with branch visit.
Banks allow 1-4 missed installments depending on tenure. Penalty charged: βΉ1-5 per βΉ100 of installment per month. Repeated defaults may lead to account closure. Set auto-debit to avoid missing payments.
Yes, premature closure allowed after 3-6 months (varies by bank). Interest paid at reduced rate (usually 1-2% less). Penalty of 0.5-1% may apply. Check terms before opening RD.
Yes, RD interest is fully taxable as per your income tax slab. Banks deduct TDS if interest exceeds βΉ40,000/year (βΉ50,000 for senior citizens). Submit Form 15G/15H if total income below taxable limit to avoid TDS.
RD: Guaranteed returns (6-7%), zero risk, lower returns. Best for: Conservative investors, short-term goals (1-5 years), capital preservation. SIP: Market-linked returns (10-15% historical), higher risk. Best for: Long-term goals (5+ years), wealth creation, risk-takers.
Yes, most banks offer loans against RD up to 80-90% of deposit value. Interest rate: 1-2% above RD rate. No processing fee, instant approval. RD continues to earn interest and mature normally.
