Deposits

Recurring Deposit

RD maturity calculator

About the Recurring Deposit calculator

Free RD Calculator for recurring deposit maturity amount & monthly savings plan. Calculate RD returns, interest earnings & maturity value for banks.

Statutory rates and limits on this page are current for FY 2026-27 (AY 2027-28) and are unchanged from FY 2025-26, so the same figures apply whether you are filing last year’s return or planning this year. Last verified 23 August 2026.

How the maths works

RD Maturity Formula

A = P × [(1 + R/400)^(4T) - 1] / (1/400)

A

Maturity amount

P

Monthly deposit amount

R

Annual interest rate

T

Time period in years

A worked example

Recurring Deposit Example

Maturity Amount: ₹3,48,857

How to use it

1. Enter your monthly deposit amount
2. Input the RD interest rate
3. Specify the deposit tenure
4. Get maturity amount and total interest

What it accounts for

• Calculate RD maturity amount
• Plan monthly savings systematically
• Compare different RD schemes
• Understand compound growth
• Set and achieve savings goals

Why it is worth working out

• Disciplined monthly saving habit
• Compound interest benefits
• Flexible monthly amounts
• Safe investment option

Questions people ask

How is recurring deposit interest calculated?

Each instalment earns interest only from the month it is paid, compounded quarterly. That is why an RD returns noticeably less than an FD of the same total amount at the same rate — your first instalment earns for the full term, your last for one month.

What if I miss an instalment?

Most banks charge a small penalty per ₹100 of the missed instalment and may close the account after several consecutive misses, paying out at a reduced rate. Set a standing instruction rather than relying on remembering.

Is an RD better than a monthly SIP?

They answer different questions. An RD gives a known, guaranteed amount and is right for a goal within about three years. A SIP has no guarantee and can fall in value, but over ten years or more the expected return is far higher. Money you need soon goes in an RD; money you do not, does not.

Is RD interest taxed?

Yes, at your slab rate, and it accrues annually. TDS rules match those for fixed deposits. There is no separate exemption for recurring deposits.

Read more on this

• How recurring deposit interest is actually calculated — Every RD instalment earns interest for a different length of time, compounded quarterly. Here is the actual formula, worked through with real numbers.

This calculator is for information and education. It is not financial advice — see the disclaimer.