RD Calculator
Work out exactly what your Recurring Deposit will be worth at maturity — principal, quarterly-compounded interest, and the total payout — in one screen.
Based on ₹2,000 monthly, 7.0% p.a. for 5 yrs 0 mo (quarterly compounding)
₹1,43,866approx.
Growth over time
Results update instantlyWhat is an RD Calculator?
A Recurring Deposit (RD) calculator is a free online tool that tells you the maturity value of your RD before you open one. Instead of working through quarterly-compounding maths by hand, you enter your monthly deposit, the interest rate and the tenure, and the calculator instantly shows your total investment, the interest you'll earn, and the final maturity amount.
RDs are offered by nearly every bank and by India Post. You deposit a fixed sum every month for a chosen tenure — typically between 6 months and 10 years — and the bank pays compound interest on it, usually compounded every quarter.
RD interest calculation formula
Each monthly instalment earns compound interest only from the day it is deposited until maturity. P is the monthly instalment, r is the annual interest rate, and n is the number of months that instalment remains deposited. Maturity is the sum of every instalment's grown value — this calculator runs that exact calculation for every month of your tenure.
How to use this RD calculator
- Enter your monthly depositThe fixed amount you plan to invest every month.
- Set the interest rateThe rate your bank or post office is offering on the RD.
- Choose your tenureAnywhere from 6 months to 20 years, in years and months.
- Read your resultsTotal investment, interest earned and maturity amount update instantly.
RD vs FD
Both usually offer similar interest rates and quarterly compounding, but they work differently:
| Recurring Deposit (RD) | Fixed Deposit (FD) | |
|---|---|---|
| Investment style | Fixed amount every month | One-time lump sum |
| Best for | Building a savings habit | Investing a lump sum you already have |
| Compounding | Usually quarterly | Usually quarterly |
| Premature withdrawal | Allowed, with a lower interest rate | Allowed, with a lower interest rate |
Frequently asked questions
This calculator is for illustration only and does not constitute financial advice. Actual maturity amounts depend on your bank's exact terms, TDS deduction and any changes in interest rate.