RD Calculator
Track your monthly disciplined savings and compute exact compounded maturity.
Tip: Change one assumption at a time and compare result deltas before making pricing or hiring decisions.
Recurring Deposit
Enter your monthly deposit and interest rate to calculate your maturity value.
Use the RD calculator to estimate how a fixed monthly deposit grows over time. It is designed for recurring deposits where you contribute the same amount regularly and want to understand maturity value, invested amount, and interest earned.
1. Enter the monthly deposit
Start with the fixed amount you plan to deposit every month into the recurring deposit.
2. Add rate and tenure
The annual interest rate and total duration define how much each installment can compound.
3. Review maturity and total interest
Check both the maturity amount and how much of it comes from interest rather than your own contributions.
4. Compare tenures or deposit amounts
Try different monthly amounts or durations to see what level of disciplined saving reaches your target.
Can I change my monthly RD installment amount?
Usually no. A standard RD is built around a fixed monthly contribution for the full tenure.
Is RD interest taxable?
Yes. RD interest is generally taxable under income from other sources, and TDS may apply when thresholds are crossed.
What happens if I miss an installment?
Banks often charge a penalty for missed or delayed payments, and repeated defaults can affect the deposit account.
Why does quarterly compounding matter in an RD?
Because each installment starts compounding at a different time, the actual maturity value depends on the banking compounding convention, which is commonly quarterly.