RD Calculator — Recurring Deposit Maturity Amount & Interest
Calculate your recurring deposit maturity amount and interest free. Enter a fixed monthly deposit, tenure and rate — interest is compounded quarterly, the standard for bank RDs. See a month-by-month breakdown and compare RD with FD.
Last updated: June 2026
Rates as of June 2026. Indicative — confirm with your bank.
Most banks compound RD interest quarterly. This calculator uses the equivalent monthly growth for a smooth month-by-month view; the maturity matches quarterly compounding.
Results
- Maturity amount
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- Total deposited
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- Total interest earned
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TDS on RD interest
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RD vs FD
RD: fixed monthly deposits — build savings gradually from regular income.
FD: a single lump sum — usually a higher effective return on the same total amount.
Month-by-month breakdown
—Deposit, interest credited and running balance for each month.
| Month | Deposit | Interest | Balance |
|---|
🏤 Post Office RD (2026)
- → Rate: 6.70% p.a. (Q1 FY 2026-27), compounded quarterly.
- → Tenure: 5 years (fixed), extendable.
- → Minimum: ₹100/month, in multiples of ₹10.
- → Government backed — among the safest RD options.
A free RD calculator for disciplined monthly savings.
A recurring deposit (RD) calculator shows exactly how much a fixed monthly deposit grows into over a chosen tenure. Unlike a fixed deposit, which needs a lump sum, an RD is built for people who want to save a steady amount every month from their salary or business income. You commit a fixed instalment — anything from ₹100 to ₹1,00,000 — for a fixed period, and the bank pays interest on the accumulating balance, almost always compounded quarterly.
Enter your monthly deposit, the interest rate and the tenure above, and the calculator instantly shows your maturity amount, the total you will have deposited, the total interest earned, and the effective annual yield. The month-by-month table breaks down how each instalment adds to the balance and how interest accumulates over time, so you can see the power of compounding at work. Use the bank rate chips to quickly load typical SBI, HDFC, ICICI and Post Office rates, and tick the senior citizen box to add the usual 0.50% extra.
RD vs FD — which should you choose?
The key difference is how you put money in. A recurring deposit takes a fixed amount each month, which suits regular savers who don't have a lump sum ready. A fixed deposit takes the whole amount upfront, so on the same total contribution it usually earns a higher effective return because every rupee earns interest for the full term. Both are typically compounded quarterly and carry similar rates. If you're comparing, open the FD calculator alongside this one. Remember that RD interest is fully taxable at your slab rate, and banks deduct 10% TDS once your interest crosses ₹50,000 a year (₹1,00,000 for senior citizens) — submit Form 15G/15H if your income is below the taxable limit. Everything here runs privately in your browser, so model as many scenarios as you like.
Financial Disclaimer: Results are estimates for informational purposes only and not financial or tax advice. RD rates are set by banks and may change; TDS figures are indicative. Consult a qualified advisor before investing.
How it works
Three quick steps — no account, nothing uploaded to a server.
Enter your monthly deposit
Set the fixed amount you'll save each month, plus the rate and tenure.
See your maturity instantly
Maturity, total interest and the month-by-month table update live.
Check TDS and compare
Review the TDS note and compare RD with an FD for the same amount.
Rates and rules on this page are verified against National Savings Institute (Government of India). Last checked July 2026.
FAQ
Frequently asked questions
What is a recurring deposit (RD)?
A recurring deposit is a savings scheme where you deposit a fixed amount every month for a fixed tenure and earn interest on the growing balance, usually compounded quarterly. Unlike a fixed deposit (FD), which needs a single lump sum, an RD lets you build savings gradually from your monthly income. At the end of the tenure you receive the total of all your deposits plus the accumulated interest as the maturity amount.
How is RD maturity calculated?
RD interest is compounded quarterly by most banks. Each monthly instalment earns interest for the remaining period of the deposit, and the interest is added back to the balance to compound. This calculator simulates the deposit month by month using the equivalent monthly growth rate derived from the quarterly rate, so the maturity figure matches quarterly compounding while every month row still shows the interest credited that month. Enter your monthly deposit, interest rate and tenure to see the full breakdown.
What is the difference between RD and FD?
An RD takes a fixed monthly deposit and is ideal for building savings gradually from regular income, while an FD takes a single lump sum upfront and generally gives a higher effective return on the same total amount because the full sum earns interest for the entire period. Both are typically compounded quarterly and offer similar interest rates. Choose an RD if you want to save a little each month, and an FD if you already have a lump sum to invest.
Is RD interest taxable? What about TDS?
Yes, RD interest is fully taxable as 'income from other sources' at your income tax slab rate. Banks deduct 10% TDS if your total interest from deposits exceeds ₹50,000 in a financial year (₹1,00,000 for senior citizens). If your total income is below the taxable limit, you can submit Form 15G (or 15H for senior citizens) to ask the bank not to deduct TDS. The TDS figure in this calculator is an informational estimate, not tax advice.
What is the Post Office RD interest rate in 2026?
The Post Office Recurring Deposit (National Savings Recurring Deposit) offers 6.70% per annum for Q1 of FY 2026-27, compounded quarterly, with a fixed 5-year tenure and a minimum deposit of ₹100 per month. It is backed by the Government of India, which makes it one of the safest recurring deposit options. Bank RD rates (SBI, HDFC, ICICI) are around 6.50% and vary by tenure. Rates are indicative and reviewed periodically.
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