RD Calculator

Calculate recurring deposit maturity amount. Enter monthly deposit, interest rate, and tenure to see returns.

Last updated: June 1, 2026

Monthly Deposit (₹)

Interest Rate (% p.a.)

Tenure (months)

Maturity Amount

₹3,60,053

Total Investment

₹3,00,000

Interest Earned

₹60,053

What is RD Calculator?

An RD (Recurring Deposit) calculator computes the maturity value of a recurring deposit where you deposit a fixed amount monthly for a predetermined period. RDs are offered by Indian banks as a disciplined savings tool — you commit to depositing a fixed amount every month (like a SIP but with guaranteed returns). Interest is compounded quarterly at a fixed rate. This tool shows your maturity amount, total interest earned, and effective yield for comparing RD offers across banks.

How It Works

Enter the monthly deposit amount, annual interest rate, tenure in months, and compounding frequency (quarterly is standard). The tool uses the RD maturity formula which accounts for each monthly installment earning interest for its remaining tenure. Since the first month's deposit earns interest for the full period while the last month's deposit earns interest for just one quarter, the calculation requires summing the compound interest earned by each individual deposit. The result shows total deposited amount, interest earned, and final maturity value.

Common Use Cases

•Comparing RD rates across banks to choose the best recurring deposit offer
•Planning monthly savings amounts needed to accumulate a target sum by a specific date
•Understanding the difference between RD and FD returns for the same total investment amount
•Setting up goal-based savings with a clear maturity timeline and expected value
•Calculating post-tax RD returns after TDS deduction for accurate net income estimation
•Evaluating whether RD or SIP (mutual fund) better suits conservative savings goals