RD Calculator
Calculate your Recurring Deposit maturity amount, total interest earned, and see a full month-by-month breakdown — instantly and accurately.
Calculate Your RD Returns
| Month | Amount Deposited (₹) | Maturity Value (₹) |
|---|
How to Use the RD Calculator
Enter Monthly Deposit: Type the fixed amount you plan to deposit into your RD account each month. This must be the same amount every month.
Enter Annual Interest Rate: Input the interest rate offered by your bank or post office. You can find this on the bank's website or ask your branch.
Enter Tenure: Type the number of months or years for which you want to run the RD. Switch between months and years using the dropdown.
Click Calculate: Press the "Calculate Maturity" button or hit Enter to get instant results — maturity amount, total interest, and total deposits.
Review Results: Check the summary cards at the top for a quick overview, then scroll through the month-by-month table to see how your money grows each month.
Key Features of This RD Calculator
Standard Bank Formula
Uses the exact quarterly compounding formula prescribed by RBI and followed by all major Indian banks and the Post Office.
Month-by-Month Table
See a detailed breakdown of your growing balance for every single month of your RD tenure — not just the final number.
Instant Calculation
Results appear in milliseconds, entirely in your browser — no server calls, no delays, no data sent anywhere.
Indian Format
All amounts are displayed in Indian Rupee format (₹) with proper comma placement (lakhs and crores) for easy reading.
Works on All Devices
Fully responsive design — works on mobile phones, tablets, and desktops without any app download or installation.
100% Private
All calculations happen locally in your browser. No financial data is stored, shared, or transmitted to any server.
RD Maturity Formula Explained
Indian banks calculate RD maturity using quarterly compounding, as directed by the Reserve Bank of India. The standard formula is:
- M — Maturity Amount (total value you receive at the end of the RD tenure)
- R — Monthly Instalment (the fixed amount you deposit each month)
- i — Quarterly Interest Rate = Annual Rate ÷ 400 (i.e., Annual% / 4 / 100)
- n — Number of Quarters = Total Months ÷ 3
For the month-by-month breakdown, each month's maturity contribution is calculated individually: each instalment grows for the remaining period until maturity, and all instalments are summed to give the total maturity amount. This matches how banks actually calculate your RD payout.
Practical RD Calculation Examples
Priya is a software engineer who wants to save ₹5,000 per month for 2 years at SBI's RD rate of 6.5% per annum.
Total Deposited: ₹1,20,000
Interest Earned: ≈ ₹8,481
Maturity Amount: ≈ ₹1,28,481
Ramesh is a retired government employee investing ₹10,000/month in Post Office RD at 6.7% for the standard 5-year term.
Total Deposited: ₹6,00,000
Interest Earned: ≈ ₹1,12,429
Maturity Amount: ≈ ₹7,12,429
Anita runs a small textile business and opens an RD with AU Small Finance Bank at 7.5% p.a., depositing ₹2,000/month for 12 months.
Total Deposited: ₹24,000
Interest Earned: ≈ ₹975
Maturity Amount: ≈ ₹24,975
Arjun is an NRI who maintains an NRO RD in India, depositing ₹15,000/month at 6.0% for 36 months to build a corpus for his return.
Total Deposited: ₹5,40,000
Interest Earned: ≈ ₹50,312
Maturity Amount: ≈ ₹5,90,312
What Is a Recurring Deposit (RD)?
A Recurring Deposit is a type of term deposit offered by banks and post offices in India where you invest a fixed amount every month for a predetermined tenure. At the end of the tenure, you receive the total amount deposited plus the interest earned — all at once. It is one of the safest and most disciplined savings tools available to Indian investors, backed by deposit insurance of up to ₹5 lakh per depositor per bank under DICGC.
RDs are ideal for salaried individuals, students, and homemakers who receive a regular income and want to build a corpus over time without the risk of market fluctuations. Unlike mutual funds or stocks, RD returns are fixed and guaranteed from the day you open the account. The interest rate is locked in at the time of opening, so market rate changes after that do not affect your returns.
The RD maturity calculator on this page helps you plan your savings by showing exactly how much you will receive at the end of the term. You can experiment with different deposit amounts, rates, and tenures to find the combination that best matches your financial goal — whether it is saving for a vacation, a child's school fees, or a down payment on a vehicle.
Recurring Deposit — In Multiple Languages
Want a complete guide on RD interest rates, tips for choosing the best bank, and tax-saving strategies? Read our in-depth article.
📖 Read: Complete Guide to Recurring Deposits in India →Frequently Asked Questions
Is this tool free to use?
What formula does this RD calculator use?
How is RD interest compounded?
What is the minimum tenure for an RD?
Can I calculate Post Office RD using this tool?
Is RD interest taxable in India?
What is the difference between RD and FD?
Which bank offers the highest RD interest rate?
Can I withdraw my RD before maturity?
How accurate is this RD calculator?
Can NRIs open an RD account in India?
Does the RD calculator show a monthly breakdown?
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