Recurring Deposit Calculator

Plan your savings with our Recurring Deposit calculator. Estimate returns from your monthly deposits with ease.

Accurate return projections
Quarterly compounding
Visual growth charts
Recurring Deposit savings
₹
Enter monthly deposit (₹100 - ₹1,00,000).
Enter monthly deposit amount (₹100 - ₹1,00,000).
Years
Enter tenure between 1-30 years.
Enter tenure of the recurring deposit (1-30 years).
%
Enter interest rate between 1-15%.
Default is 6.5% (typical RD rate). Adjust for projections.

Estimated Returns

Invested Amount
₹0
Est. Interest
₹0
Maturity Value
₹0
Annualized Return
0%
How RD Works
Monthly Deposits

Invest a fixed amount monthly with a bank or post office.

Earn Interest

Interest is compounded quarterly, growing your savings.

Maturity

Receive the total invested amount plus interest at maturity.

Year Invested (₹) Interest (₹) Maturity Value (₹) CAGR (%)

What is a Recurring Deposit?

A Recurring Deposit (RD) is a savings scheme offered by banks and post offices that allows individuals to deposit a fixed amount monthly for a specified tenure, earning interest compounded quarterly. It is ideal for disciplined savings with low risk.

RDs are popular for achieving short- to medium-term financial goals, such as saving for a vacation, education, or a major purchase, with guaranteed returns.

Did You Know?

Depositing ₹1,000 monthly at 6.5% for 5 years can grow to over ₹70,000 with quarterly compounding!

Benefits of RD

RDs offer fixed interest rates, ensuring predictable returns regardless of market conditions.

Choose tenures from 6 months to several years, aligning with your savings goals.

Interest is compounded quarterly, enhancing returns over the tenure.

Monthly deposits encourage regular savings habits, ideal for salaried individuals.

Frequently Asked Questions

The RD calculator uses the compound interest formula to estimate the maturity value based on monthly deposits, tenure, and interest rate, with quarterly compounding. It adjusts for inflation if selected.

The minimum monthly deposit varies by bank but is typically ₹100 for post office RDs and ₹500–₹1,000 for bank RDs.

Yes, RD returns are guaranteed as the interest rate is fixed at the time of opening the account. The calculator assumes a constant rate for projections.

Interest earned on RDs is taxable as per the investor’s income tax slab. TDS may be deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).

Premature withdrawal is allowed after a minimum period (e.g., 3 months), but it may incur penalties like a lower interest rate or forfeiture of interest.