Calculate your Recurring Deposit (RD) maturity amount, total deposits, interest earned and investment growth with different compounding frequencies and flexible deposit tenures.
Enter your monthly deposit amount, annual interest rate and the duration of your recurring deposit.
The calculator estimates your RD maturity value by applying the selected compounding frequency to your recurring monthly deposits.
Instantly view your total deposits, interest earned, maturity amount and overall recurring deposit growth.
A Recurring Deposit (RD) is a savings scheme offered by banks and financial institutions that allows you to deposit a fixed amount every month for a chosen period. The deposited amount earns interest at a predetermined rate, helping you build savings gradually while enjoying predictable returns.
Recurring Deposits encourage disciplined monthly savings without requiring a large lump sum investment.
Your deposits earn a fixed rate of interest, making RDs a reliable option for conservative investors.
M = R × [(1 + i)n − 1] ÷ i
Where M is the maturity amount, R is the monthly deposit, i is the periodic interest rate and n is the total number of deposit periods.
Interest Earned
Interest = Maturity Amount − Total Deposits
Unlike a Fixed Deposit where the entire amount is invested on day one, each monthly RD installment earns interest only from the date it is deposited until maturity. Earlier deposits earn interest for a longer period than later deposits.
| Feature | Recurring Deposit | Fixed Deposit |
|---|---|---|
| Investment | Monthly Deposits | One-Time Deposit |
| Best For | Regular Saving | Lump Sum Investment |
| Flexibility | Monthly Contributions | Single Investment |
| Ideal Users | Salaried Individuals | Investors with Available Funds |
Interest earned on Recurring Deposits may be taxable depending on your country's tax regulations and your overall taxable income. Some financial institutions may also deduct tax at source (TDS) where applicable. Always refer to current tax rules or consult a qualified tax advisor.
Suppose you deposit ₹5,000 every month for 5 years at an annual interest rate of 7.5%, compounded quarterly.
The Recurring Deposit (RD) Calculator helps estimate the maturity amount, total deposits and interest earned from your recurring monthly investments. Simply enter your monthly deposit, annual interest rate, investment tenure and compounding frequency to instantly calculate your expected returns.
Recurring Deposits are one of the most popular savings options for individuals who want to build wealth through disciplined monthly investments while enjoying stable and predictable returns.
This RD Calculator provides estimated maturity values based on the information you enter. Actual returns may vary depending on bank policies, compounding methods, taxes, premature closure rules and applicable regulations. This calculator is intended for educational and financial planning purposes only.
A Recurring Deposit is a savings scheme that allows you to deposit a fixed amount every month and earn interest until maturity.
The maturity amount depends on your monthly deposit, annual interest rate, investment tenure and compounding frequency.
Yes. This calculator supports both months and years as the investment tenure.
Quarterly compounding is commonly used by many banks, although it can vary depending on the financial institution.
Interest earned on Recurring Deposits may be taxable depending on your country's tax laws and your total taxable income.
Many banks allow premature closure of RDs, but penalties or revised interest rates may apply.
An RD generally offers higher interest rates than a regular savings account, making it suitable for disciplined savings.
Yes. It is completely free and works on desktop, tablet and mobile devices.
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