RD Calculator — Recurring Deposit Returns
Find the maturity value of a recurring deposit — enter your monthly deposit, interest rate and tenure to see total deposits, interest earned and the final amount.
Total deposited
₹3,00,000
Interest earned
₹54,954
Maturity value
₹3,54,954
Assumes quarterly compounding, the standard for bank recurring deposits. Actual maturity may differ slightly based on your bank's deposit dates and rounding.
Frequently Asked Questions
How is RD interest calculated?
Each monthly deposit earns compound interest for the time it stays in the account, with banks compounding quarterly. Later deposits earn less interest than earlier ones, which is why RD returns are lower than an FD of the same total amount.
RD or SIP — which is better?
An RD gives guaranteed, fixed returns and suits short-term goals. A mutual fund SIP has market risk but historically higher long-term returns. Many people use RDs for 1–3 year goals and SIPs for 5+ year goals.
Is RD interest taxable?
Yes — like FD interest, it's added to your income and taxed at your slab rate, with TDS above the annual threshold.