RD Calculator

Estimate recurring deposit maturity amount and interest earned from monthly deposits, rate, tenure, and compounding frequency.

Tax year 2026 - Updated June 2026

RD inputs

Monthly deposit

INR

Annual interest rate

Tenure years

years

Extra months

months

Compounding frequencyAdd senior citizen extra rateAdds the extra rate below to the annual RD rate.

Estimated maturity amount

₹7,19,328

₹10,000 monthly for 60 months at 7% annual rate.

Invested amount

₹6,00,000

Interest earned

₹1,19,328

Invested: 83%Interest: 17%

Total installments

Effective annual rate

7.00%

Monthly rate used

0.5800%

RD growth chart

Year-by-year estimate of invested amount versus maturity value.

Maturity valueInvested amountFinal: ₹7,19,328

Formula used

Effective annual rate = base RD rate + senior citizen extra rate, if selected.
The selected compounding frequency is converted to an effective annual rate.
Monthly rate = (1 + effective annual rate) ^ (1 / 12) - 1.
Maturity amount uses monthly deposits at the beginning of each month: monthly deposit x [((1 + monthly rate) ^ months - 1) / monthly rate] x (1 + monthly rate).
Interest earned = maturity amount - total invested amount.
TDS, income tax, missed installments, bank-specific day-count rules, and premature withdrawal penalties are not included.

Quick answers

RD Calculator FAQs

How is RD maturity calculated?

RD maturity is estimated by growing each monthly deposit until maturity using the selected interest rate, tenure, and compounding assumption.

Is RD interest taxable?

RD interest is generally taxable as per your income tax situation. This calculator does not include tax or TDS.

Is RD better than SIP?

RD is usually fixed-return and more predictable, while SIP is market-linked and can vary. The better option depends on risk, goal duration, and liquidity needs.

Can senior citizen extra rate be added to RD?

Yes, if the calculator includes a senior citizen extra rate field, it adds that extra rate to the base RD rate for the estimate.

Does the RD calculator include missed installments?

No. It assumes regular monthly deposits and does not include penalties, missed installments, TDS, or bank-specific rules.

Keep planning

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Compare recurring deposits with market-linked monthly investments.

Guide

RD Calculator Guide

Understand RD maturity, monthly installments, and assumptions.

Assumptions

Designed for India-style recurring deposit estimates using INR amounts.
Assumes monthly deposits are made at the beginning of each month.
Converts the selected compounding frequency into an effective monthly rate for installment growth.
Does not include TDS, income tax, missed installments, bank-specific day-count rules, or premature withdrawal penalties.

Disclaimer

The information and calculations provided on this website are for general informational and educational purposes only. Results are estimates based on publicly available tax rules and assumptions and may not reflect your actual tax liability or take-home pay. This content does not constitute tax, legal, accounting, or financial advice. Tax laws and regulations change frequently and vary based on individual circumstances. Consult a qualified tax professional, accountant, or financial advisor before making any financial decisions.

This website is not affiliated with the IRS, HMRC, Income Tax Department of India, or any government agency.

Formula used

Effective annual rate = base RD rate + senior citizen extra rate, if selected.

The selected compounding frequency is converted to an effective annual rate.

Monthly rate = (1 + effective annual rate) ^ (1 / 12) - 1.

Maturity amount uses monthly deposits at the beginning of each month: monthly deposit x [((1 + monthly rate) ^ months - 1) / monthly rate] x (1 + monthly rate).

Interest earned = maturity amount - total invested amount.

TDS, income tax, missed installments, bank-specific day-count rules, and premature withdrawal penalties are not included.

Assumptions

Designed for India-style recurring deposit estimates using INR amounts.

Assumes monthly deposits are made at the beginning of each month.

Converts the selected compounding frequency into an effective monthly rate for installment growth.

Does not include TDS, income tax, missed installments, bank-specific day-count rules, or premature withdrawal penalties.

Disclaimer

This website is not affiliated with the IRS, HMRC, Income Tax Department of India, or any government agency.