RD Calculator
A recurring deposit is a monthly habit with a fixed rate attached — the discipline of a SIP, but with no market risk and no market upside either. The maturity is not a simple sum of instalments plus interest: each month's deposit earns only for the months it has actually been on deposit, compounded quarterly. That is the calculation used here, so the figure matches the one your bank will quote.
Free to use · no sign-upEverything is worked out in your browserBuilt by Naveen Kumar Pandey, ARN-276664
Your numbers
Change anything below — the result updates as you type. Nothing you enter leaves your browser.
Use the rate your bank quotes for this exact tenure — RD rates differ by term.
That is 5 years.
Maturity after 5 years
₹3,59,664
₹3.60 L
- You deposit in total
- ₹3,00,000
- Interest earned
- ₹59,664
- Your deposits₹3,00,000 · 83%
- Interest₹59,664 · 17%
Year-by-year figures
| Year | Deposited | Interest so far | Balance |
|---|---|---|---|
| 1 | ₹60,000 | ₹2,311 | ₹62,311 |
| 2 | ₹1,20,000 | ₹9,099 | ₹1,29,099 |
| 3 | ₹1,80,000 | ₹20,686 | ₹2,00,686 |
| 4 | ₹2,40,000 | ₹37,418 | ₹2,77,418 |
| 5 | ₹3,00,000 | ₹59,664 | ₹3,59,664 |
What this calculator assumes
- Each instalment is paid on time; a missed instalment usually attracts a small penalty and changes the maturity.
- Interest is compounded quarterly by default, which is standard for Indian bank RDs.
- TDS and income tax on the interest are not deducted. RD interest is taxable at your slab rate.
- Closing an RD early attracts a reduced rate and often a penalty. That is not modelled.
Please read this
Deposit and small-savings rates are set by the bank or by the Government of India and change from time to time. Use the rate actually quoted to you. This calculator does not account for TDS, premature-withdrawal penalties or any tax you may owe on the interest.
The figures shown are an illustration produced from the numbers you typed in. They are not a quote, a guarantee, an offer or personal financial advice, and nothing here takes account of your own circumstances. Read the full disclaimer before acting on any of it.
Questions people ask us about this
Why is the maturity lower than instalment × months × rate?
Because your last instalment has been in the account for one month, not for the whole term. Only the first instalment earns interest for the full period. That is why the RD formula weights every deposit by the time it was actually invested.
RD or SIP?
An RD gives a known number at the end. A SIP does not, but has historically done better over long periods and worse over short ones. For money you need within two or three years, an RD or a short-term debt fund is usually the sensible choice.
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This tool does arithmetic. It does not know your income, your other commitments, how you would react to a bad year, or what tax you pay. Send us the figure you arrived at and we will tell you honestly whether the plan behind it holds up.
Ready when you are
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Bring your own figures and we will work through them with you — including what could go wrong.