RD Calculator
Recurring deposit maturity, with each instalment compounded quarterly for its remaining term.
Result
- Total deposited
- ₹3,00,000
- Instalments
- 60
- Tenure
- 5 years
| After | Paid in | Balance |
|---|---|---|
| 1 year | ₹60,000 | ₹62,143 |
| 2 years | ₹1,20,000 | ₹1,28,425 |
| 3 years | ₹1,80,000 | ₹1,99,122 |
| 4 years | ₹2,40,000 | ₹2,74,527 |
| 5 years | ₹3,00,000 | ₹3,54,954 |
All figures are estimates from the inputs above, not a guarantee of returns and not advice. Missing an instalment, or a bank that compounds differently, changes the maturity value. RD interest is taxable at your slab.
Estimated from the numbers you entered — not a projection of guaranteed returns.
About this calculator
A recurring deposit is a fixed monthly instalment at a contracted rate. The first instalment earns for the whole term and the last one for a single month, so the maturity value is the sum of each instalment grown separately. Banks compound an RD quarterly, which is what this calculator does.
Formula
- Maturity = Σ P × (1 + r / 4) ^ (m / 3), summed over every instalment
- P = monthly instalment, r = annual rate as a decimal, m = months that instalment stays invested
- Interest = Maturity − (P × number of instalments)
Frequently asked questions
Why is RD interest lower than an FD of the same amount?
Because the money goes in gradually. In an FD the full amount earns for the whole term; in an RD the last instalment earns for one month.
What happens if I miss an instalment?
Banks usually charge a small penalty and the missed month stops earning, so the maturity value falls below this estimate.
Is RD interest taxable?
Yes. It is added to your income and taxed at your slab, with TDS deducted once the interest crosses the annual threshold.