RD Calculator

This calculator shows what a recurring deposit — a fixed amount saved every month — will be worth at maturity. It follows the method Indian banks use: each monthly instalment earns interest for the time it stays invested, compounded every quarter.

1. Enter how much you will deposit every month.
2. Set the yearly interest rate your bank or post office offers.
3. Choose the tenure in months — at least six.
4. Read the maturity value and how much of it is interest.
5. Use the chart to see how the balance builds each year, and copy the link to compare plans.

• It assumes every instalment is paid on time at the start of the month. Late instalments usually attract a small penalty.
• Tax on interest and TDS are not deducted.
• Post Office RD rates are set by the government each quarter and the scheme runs for a fixed five years; enter the current notified rate.
• Your bank’s figure may differ by a few rupees because of day-count and rounding conventions.
• The calculation runs entirely in your browser and nothing is sent anywhere. Your figures appear only in the page address, so a link you share reopens the same plan.

An RD pays a fixed, guaranteed interest rate from a bank or post office. A SIP invests in mutual funds, whose returns vary with the market and are not guaranteed.

In an RD your money goes in gradually, so the average amount invested over the tenure is only about half the final total. An FD invests the whole amount from day one.

Yes. Interest is taxed at your income slab rate, and banks deduct TDS once yearly interest crosses the threshold.

Usually not — the instalment is fixed when you open the RD. You can open a second RD for a different amount.