RD Calculator (Recurring Deposit)

Recurring Deposit maturity — Indian bank formula. Fixed monthly deposit over a chosen tenure, quarterly compounding.

Inputs

₹
₹100₹500K
%
3%12%
6120

Result

Maturity value
₹359,295
  • Total deposited₹5,000/month × 60 months₹300,000
  • Interest earned₹59,295
  • Effective annual yield3.67%

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How to use this calculator

  • Enter your monthly deposit amount.
  • Enter the bank's RD interest rate.
  • Enter tenure in months (multiples of 3 typical).
  • Read the maturity value + total interest.

About this tool

Recurring Deposit (RD) is a monthly savings scheme offered by all Indian banks — deposit a fixed amount every month for a chosen tenure and get lump-sum maturity value. Interest is compounded quarterly, so effective yield is slightly higher than the quoted rate. Popular for salaried employees to build savings discipline. Minimum tenure 6 months, maximum 10 years, typically in multiples of 3 months. Post Office RD offers 6.7% (currently) with government backing but only 5-year tenure. Bank RD rates are 0.25-1% lower than same-tenure FD.

Frequently asked

FD is better if you have a lump sum right now — higher rates and no monthly commitment. RD is better if you want to save gradually from monthly income — builds discipline, ideal for salaried employees who cannot invest a lump sum upfront.

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