RD Calculator — Recurring Deposit Maturity Calculator
Calculate your Recurring Deposit maturity amount and interest earned. RD compounds quarterly — enter your monthly amount, rate, and tenure.
Calculator Inputs
Maturity
Total Deposited₹1.20 L
Interest Earned₹10,601
Maturity Amount
₹1.31 L
▲4.32% CAGR
Frequently Asked Questions
A Recurring Deposit (RD) is a savings scheme offered by banks where you deposit a fixed amount every month for a predetermined period. At maturity, you receive the principal plus accumulated interest, compounded quarterly.
RD interest rates in India range from 5.5% to 8% p.a. depending on the bank and tenure. Small finance banks offer higher rates; post office RD offers 6.7% p.a. for 5 years.
RD offers guaranteed returns with full capital safety. SIP in equity mutual funds can deliver higher long-term returns (10–15%) but involves market risk. RD is ideal for short-term conservative savings; SIP is better for long-term wealth creation.
Most banks allow RD with a minimum of ₹100/month. Post office RD minimum is ₹100/month. Some banks may require ₹500–₹1,000/month minimum.
Yes. RD interest is fully taxable as per your income tax slab rate. Banks deduct TDS at 10% if annual interest across all deposits exceeds ₹40,000 (₹50,000 for senior citizens).