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