RD Calculator - Recurring Deposit Calculator
Calculate recurring deposit returns instantly. Find maturity amount for monthly deposits, interest earned, and total investment. Plan your savings with our free RD calculator.
Investment Breakdown
Monthly Contribution Schedule
How RD Calculator Works
Calculate recurring deposit returns in 3 simple steps:
Enter Monthly Deposit
Enter the amount you want to deposit every month. Minimum ₹500, maximum ₹1 Lakh per month. Choose an amount that fits your budget.
Set Interest Rate & Duration
Enter the annual interest rate offered by your bank (typically 5.5-7.5%). Choose deposit period from 6 months to 10 years.
View Maturity Details
See total maturity amount, interest earned, and investment breakdown. Compare with different rates and tenures to maximize returns.
RD Calculation Formula
Example Calculation
Monthly Deposit: ₹5,000
Interest Rate: 6.5% per year
Duration: 5 years (60 months)
Monthly Rate: 6.5 / 12 / 100 = 0.00542
Total Invested: ₹5,000 × 60 = ₹3,00,000
Maturity Amount: ₹3,53,143
Interest Earned: ₹53,143
Effective Yield: 17.7% on invested amount
RD vs FD: Which is Better?
Recurring Deposit (RD)
Best for Regular Savers- ✅ Monthly deposits - easier to manage
- ✅ Small amounts acceptable (₹500+)
- ✅ Builds saving discipline
- ✅ Good for salary earners
- ❌ Slightly lower returns than FD
- ❌ Must deposit every month
Fixed Deposit (FD)
Best for Lumpsum- ✅ One-time deposit - no hassle
- ✅ Slightly higher returns
- ✅ Better for large amounts
- ✅ No monthly obligations
- ❌ Requires lumpsum amount upfront
- ❌ Not suitable for small savers
Why Use Our RD Calculator?
Instant Calculation
Calculate RD maturity amount instantly. See how small monthly savings grow into substantial corpus over time.
Multi-Currency
Calculate in INR, USD, EUR, GBP, AED. Works for recurring deposits worldwide with automatic formatting.
100% Accurate
Uses standard RD formula with quarterly compounding. Get accurate results matching bank calculations.
Visual Breakdown
See investment vs interest in interactive charts. Understand your savings growth visually.
Plan Better
Compare different monthly amounts and tenures. Find the perfect RD plan that matches your goals.
Mobile Ready
Calculate RD returns on any device. Plan your savings on the go.
Frequently Asked Questions
What is a Recurring Deposit (RD)?
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.
What is the current RD interest rate?
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.
What is minimum and maximum RD amount?
Minimum: ₹100-₹1,000 per month (varies by bank). Maximum: No limit, but most banks allow up to ₹1 lakh per month for online RD. Larger amounts possible with branch visit.
Can I miss an RD installment?
Banks allow 1-4 missed installments depending on tenure. Penalty charged: ₹1-5 per ₹100 of installment per month. Repeated defaults may lead to account closure. Set auto-debit to avoid missing payments.
Can I close RD before maturity?
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.
Is RD interest taxable?
Yes, RD interest is fully taxable as per your income tax slab. Banks deduct TDS if interest exceeds ₹40,000/year (₹50,000 for senior citizens). Submit Form 15G/15H if total income below taxable limit to avoid TDS.
RD vs SIP: Which is better?
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.
Can I get loan against RD?
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.