RD Calculator India
Free Recurring Deposit calculator for India 2026. Calculate RD maturity amount, interest earned and effective yield for any bank tenure and rate.
Maturity Amount
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Total Deposited
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Interest Earned
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Effective Yield
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What is RD Calculator India?
A Recurring Deposit (RD) calculator estimates the maturity amount when you invest a fixed sum every month with a bank at a guaranteed interest rate. RDs combine the discipline of regular saving with the safety of a fixed return, making them ideal for salaried individuals building a short-term corpus. Interest compounds quarterly in most Indian bank RDs.
How to use
- 1 Enter the amount you plan to deposit each month.
- 2 Input the annual interest rate offered by your bank for the chosen tenure.
- 3 Enter the deposit tenure in years.
- 4 The maturity amount, total deposited, interest earned, and effective yield are shown instantly.
- 5 Compare the effective yield with FD rates to decide which product suits your savings goal better.
Formula
Example calculation
Depositing ₹5,000 per month in an RD at 6.5% for 3 years (36 months) results in a maturity amount of approximately ₹1,99,553. Total deposits over that period are ₹1,80,000, meaning you earn roughly ₹19,553 in interest.
Frequently asked questions
What is the minimum amount for an RD?
Most banks allow RDs starting from ₹100 per month, though some require a minimum of ₹500 or ₹1,000. Post Office RDs start at ₹100 per month with no maximum limit.
How is RD different from SIP?
Both involve regular monthly investments, but RDs offer a guaranteed return from a bank. SIPs are market-linked mutual fund investments with potentially higher but variable returns. RDs are for capital preservation; SIPs are for wealth creation.
Is RD interest taxable?
Yes. RD interest is taxable as 'Income from Other Sources' at your slab rate, similar to FD interest. TDS is deducted if annual interest across all deposits at a bank exceeds ₹40,000 (₹50,000 for senior citizens).
Can I miss an RD instalment?
Missing an instalment attracts a penalty charge, typically ₹1–2 per ₹100 per month of delay. Multiple defaults may lead to the RD being closed prematurely with a reduced interest rate.
What happens at RD maturity?
At maturity, the bank credits the total maturity amount (principal plus interest) to your linked savings account. You can then reinvest in a new RD, FD, or other instruments as per your financial goals.