Skip to main content

Loading market ticker...

by SEBI Registered Research Analysts

RD Calculator

Calculate your recurring deposit maturity amount, interest earnings and deposit schedule with a detail page experience that now feels consistent with our tools overview.

Explore All Calculators
Recurring deposit planning
RD Calculator

Interactive projection, cleaner assumptions and a more guided planning flow.

SEBI Registered Research Analyst Built within a regulated research framework
Research Backed Insights Decision-support calculators with transparent assumptions
Investor Education Focused Built to simplify planning before speaking with an analyst

RD Parameters

Adjust sliders or type values directly

Monthly Deposit
₹100₹2 L
Annual Interest Rate
1%15%
Tenure (Months)
6 Mo10 Yr
Compounding Frequency
Total Instalments
—
Effective Annual Rate
—
Interest-to-Deposit Ratio
—
Monthly Equiv. Earning
—
RD Balance Growth Over Tenure

What is an RD?

A Recurring Deposit (RD) is a type of term deposit where you invest a fixed sum every month. At the end of the tenure, you receive the total deposited amount along with interest compounded at the specified frequency — typically quarterly in India.

Formula used (RD maturity):

M = R × [(1 + i)n − 1] / (1 − (1 + i)−1/3)

Simplified: each instalment is treated as a separate FD maturing at deposit date plus remaining tenure, all compounded quarterly.

Maturity Value

₹0
depositing ₹5,000/mo for 24 months at 7%
Total Deposited
₹0
Interest Earned
₹0
Total Value
₹0
Month-by-Month Breakdown
MonthDepositedBalance

Frequently Asked Questions

Common questions about Recurring Deposits and RD calculations

Each monthly RD instalment is treated as a separate Fixed Deposit earning compound interest for its remaining tenure. The total maturity value is the sum of all these individual amounts: M = Σ P × (1 + r/n)n × remaining months / 12. Indian banks typically apply quarterly compounding by default.
RD interest rates currently range from 5.5% to 8.5% p.a. depending on the bank and tenure chosen. Senior citizens typically receive an additional 0.25%–0.5% over the general rate. Small finance banks and cooperative banks may offer higher rates than large public sector banks.
In an FD you invest a lump sum once at the start. In an RD you invest a fixed amount every month throughout the tenure. RDs suit salaried individuals who prefer regular disciplined saving; FDs are better when a large amount is available upfront. For the same rate, FD returns are higher since the full principal is invested from day one.
Yes. Interest earned on RDs is fully taxable as "Income from Other Sources" at your income tax slab rate. TDS is deducted at 10% when annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G (or 15H for seniors) to avoid TDS if your taxable income is nil.
Most banks allow premature RD closure with a penalty of 0.5%–1% reduction on the applicable interest rate. Interest is paid at the rate for the actual holding period minus the penalty. Some banks impose a minimum lock-in period (often 3–6 months) before premature withdrawal is permitted.
Disclaimer

This calculator is provided by Kalkine Consultancy India Private Limited for educational and illustrative purposes only. The output is based solely on assumptions entered by the user and should not be construed as investment advice, research recommendation, product recommendation, offer, solicitation, return assurance or guarantee. Actual outcomes may vary due to market conditions, interest-rate changes, fees, taxes, product terms and investor-specific circumstances. Kalkine is registered with SEBI as a Research Analyst; SEBI registration does not guarantee performance or provide any assurance of returns to investors. Kalkine Consultancy India Private Limited is registered with SEBI as a Research Analyst. SEBI registration does not imply approval of this calculator, guarantee of accuracy, or assurance of returns.

SEBI Registered · INH000017727

Ready to Invest with Expert-Backed Research?

Kalkine India is a SEBI-registered Research Analyst (INH000017727). Get actionable stock recommendations backed by certified analysts, transparent track records and a regulated framework — built for Indian investors.

Data-driven stock calls
SEBI regulated & compliant
Dedicated support
View Packages

No spam. Cancel anytime. SEBI regulated.