RD Calculator
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Maturity Value
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Total Deposited
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Interest Earned
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Estimated value based on the return rate entered. Actual returns may vary and are not guaranteed.
An RD calculator estimates the maturity value of a recurring deposit — a fixed amount deposited every month for a set tenure, with interest compounding quarterly, following the standard convention used by Indian banks.
RDs are popular for building a savings discipline: unlike an FD, you don't need the full amount upfront, and unlike a SIP, the return is fixed and known in advance rather than tied to the market.
How This Calculator Works
Each month's deposit earns quarterly-compounded interest for the time remaining until maturity. This calculator simulates that month by month rather than relying on an approximation, matching how banks actually compute RD maturity values.
Frequently Asked Questions
How is RD different from a SIP?
An RD is a bank deposit with a fixed, guaranteed interest rate. A SIP invests in mutual funds, where returns are market-linked and not guaranteed. RDs suit capital protection; SIPs suit long-term growth.
Is RD interest taxable?
Yes, RD interest is taxable as per your income tax slab, and TDS applies once interest crosses the prescribed threshold in a financial year, same as for FDs.
Can I withdraw an RD early?
Most banks allow premature withdrawal but apply a penalty — typically a reduction of 0.5–1% on the applicable interest rate. Check your specific bank's terms.