Recurring Deposit Calculator

Calculate RD maturity amount

Recurring Deposit Calculator

Calculate RD maturity amount and interest earned

Enter Details

Monthly Deposit Amount (₹)

Interest Rate (% p.a.)

Tenure (Months)

Results

Total Deposited

₹3,00,000

Interest Earned

₹44,404

Maturity Amount

₹3,44,404

How to Use the Recurring Deposit Calculator

Enter Monthly Deposit Amount: Input your regular monthly savings amount (minimum ₹100, maximum ₹10 lakhs) that you plan to deposit consistently
Set Interest Rate: Enter the annual interest rate offered by your bank (typically 4-7% for RD accounts in India)
Choose Tenure Period: Select investment duration from 6 months to 10 years based on your financial goals and savings capacity
View Real-Time Results: See total deposited amount, interest earned, and final maturity value update instantly
Compare Scenarios: Adjust deposit amounts and tenures to compare different savings strategies and returns
Download Calculation Report: Export detailed breakdown of your RD investment for record-keeping and tax planning
Plan Financial Goals: Use the calculator to determine monthly deposits needed to reach specific savings targets
Tax Planning: Calculate post-tax returns by factoring in TDS deductions on interest earned above ₹40,000 annually

Advanced RD Calculator Features

Real-Time Calculations: Instant updates as you modify deposit amounts, rates, or tenure periods
Flexible Tenure Options: Calculate RD maturity for periods from 6 months to 10 years
Interest Breakdown: Clear separation of total deposited vs interest earned components
Indian Rupee Formatting: All amounts displayed in proper Indian number format (lakhs, crores)
Downloadable Reports: Export calculation results as text file for financial planning
Mobile-Responsive Design: Works perfectly on smartphones, tablets, and desktop computers
Reset Functionality: Quick reset button to start new calculations instantly
Privacy Protected: All calculations performed locally - your financial data stays private
No Registration Required: Use unlimited times without signup, login, or subscription fees
Tax-Ready Calculations: Shows interest amounts for easy TDS calculation and tax planning

Why Choose Recurring Deposit for Your Savings?

Recurring Deposits (RD) offer disciplined savings with attractive interest rates and flexible tenure options. Unlike fixed deposits where you need lump sum investment, RDs allow you to save small amounts regularly, making wealth creation accessible to everyone. Our RD calculator helps you plan your savings journey with precision, showing exactly how your money grows over time through the power of compounding.

Disciplined Savings Habit: Regular monthly deposits build financial discipline and emergency funds
Higher Returns than Savings Accounts: RD rates typically 4-7% vs 2-3% in savings accounts
Flexible Investment Amounts: Start with as little as ₹100 per month, increase as income grows
Loan Against RD: Use your RD balance as collateral for loans at attractive interest rates
Tax Benefits: Interest earned is taxable, but principal amount remains tax-free
Auto-Debit Facility: Set up automatic monthly transfers from your bank account
Nomination Facility: Secure your family's future by nominating beneficiaries

Who Should Use RD Calculator?

Salaried Individuals

Perfect for monthly salary earners who want to build emergency funds or save for specific goals like vacations, children's education, or home down payments through systematic monthly investments.

Small Business Owners

Entrepreneurs can use RDs to build business contingency funds or personal savings while maintaining steady cash flow for business operations and growth.

Students & Young Professionals

Start early savings habits with small monthly amounts. Calculate how regular RD deposits can help achieve education goals, skill development, or initial investment capital.

Retirees & Senior Citizens

Build additional retirement corpus or create emergency funds. RD offers better returns than senior citizen savings schemes for those with regular pension income.

Understanding Recurring Deposit Calculations

A Recurring Deposit works on the principle of regular monthly savings with compound interest. Unlike a fixed deposit where you deposit a lump sum, RD requires consistent monthly deposits throughout the tenure. The interest is compounded quarterly, and you earn returns on both your principal amount and accumulated interest.

Key RD Terms:

Monthly Deposit: Fixed amount you deposit every month
Tenure: Total period of investment (6 months to 10 years)
Interest Rate: Annual rate offered by bank (compounded quarterly)
Maturity Amount: Total amount you receive at the end of tenure
Quarterly Compounding: Interest calculated and added every 3 months

The RD formula calculates maturity value by treating it as multiple quarterly deposits with compound interest. Early deposits earn interest for longer periods, making RD an excellent long-term savings instrument.

Frequently Asked Questions About RD Calculator

What is the minimum and maximum RD deposit amount?

Most banks allow minimum RD deposits starting from ₹100 per month, with no strict upper limit. However, maximum monthly deposit limits vary by bank (typically ₹10,000-₹50,000 per month). Our calculator supports deposits from ₹100 to ₹10 lakhs per month.

How is RD interest calculated?

RD interest is compounded quarterly at the annual rate specified by your bank. For example, if your annual rate is 6%, the quarterly rate is 1.5%. Interest is calculated on the minimum balance maintained during the quarter. The formula considers each monthly deposit as a separate investment.

Can I withdraw RD amount before maturity?

Yes, but premature withdrawal penalties apply. Most banks charge 0.5-1% penalty on the deposited amount, and you may earn interest at savings account rate (typically 2-3%) instead of RD rate. Early withdrawal is not recommended unless absolutely necessary due to significant penalty costs.

Is RD interest taxable?

Yes, RD interest is taxable as per your income tax slab. Banks deduct TDS (Tax Deducted at Source) at 10% if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below taxable limit. Interest is added to your taxable income.

What happens if I miss an RD installment?

Missing RD installments can lead to account closure or penalty charges. Most banks allow 2-3 grace days, after which the account may be frozen. Some banks offer revival options within 1-2 months by paying missed installments plus penalty. It's best to set up auto-debit to avoid missing payments.

Can I increase RD monthly deposit amount?

Yes, many banks allow increasing monthly deposit amounts during the RD tenure. You can typically increase deposits by 10-20% annually or as your income grows. This helps accelerate wealth creation and adjust for inflation. Check with your bank about their specific policy for deposit increases.

Is my RD data safe and private?

Yes, completely safe and private. Our RD calculator performs all calculations locally in your browser. No data is sent to servers, stored, or shared. Your financial information remains on your device only. We don't collect personal data, require registration, or use cookies for tracking.

Start Your RD Journey Today

Use our comprehensive RD calculator to plan your savings strategy. Compare different deposit amounts, tenures, and banks to find the best RD scheme for your financial goals.

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