RD Calculator
A recurring deposit lets you deposit a fixed amount every month at a fixed rate — useful when you want FD-like safety but do not have a lump sum. This calculator uses quarterly compounding, as banks and India Post do.
RD Calculator
How this calculator works
Each monthly deposit is compounded quarterly for the months remaining until maturity, and the results are added together.
- Missing an instalment usually attracts a small penalty — check your bank's RD rules.
- RD interest is taxable exactly like FD interest.
- Post office RD has a 5-year term with its own government-declared rate.
Frequently asked questions
How is RD maturity calculated?
Every instalment earns interest for the time it stays deposited, compounded quarterly. The first instalment earns for the full tenure and the last one for a single month, so the maturity is the sum of all these amounts.
Can I withdraw an RD early?
Yes, most banks allow premature closure with a small interest penalty. Post office RD has separate withdrawal rules.
Disclaimer: results are estimates for planning only. Interest rates, tax slabs and government charges change — confirm the final figure with your bank, employer or the official government portal before you act on it.