RD Calculator – Recurring Deposit Maturity
What is RD?
A Recurring Deposit (RD) lets you deposit a fixed amount every month for a fixed tenure and earn interest, usually compounded quarterly. It suits people who want a disciplined savings habit with predictable returns.
Formula
Maturity = R × [((1 + i)n − 1) ÷ (1 − (1 + i)−1/3)], where R is the monthly deposit, i is the quarterly rate (annual rate ÷ 4) and n is the number of quarters. Banks may calculate slightly differently.
Worked example
You deposit ₹5,000 per month for 5 years at 7% per year with quarterly compounding. You deposit ₹3,00,000 in total and the maturity is about ₹3,59,664.
Frequently asked questions
What is the difference between FD and RD?
An FD is a lump sum deposit, while an RD is a series of monthly deposits.
What happens if I miss an RD instalment?
Banks usually charge a small penalty for delays. Check your bank's rules.
Is RD interest taxable?
Interest is generally taxable as income, and TDS may apply. Check current rules.
Will my bank's maturity match this calculator?
It may differ slightly, depending on the bank's compounding and rounding.
Related calculators
FD Calculator · SIP Calculator · PPF Calculator
Results are estimates for information only and are not financial, tax or legal advice.