RD Calculator
Work out the maturity value of a Recurring Deposit — a fixed monthly deposit compounding quarterly like the banks calculate it.
Maturity amount
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Total deposited —
Interest earned —
Amounts in your own currency. Quarterly compounding approximation; interest is taxable.
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How it works
Each instalment compounds for its remaining quarters at r/4Frequently Asked Questions
How is RD maturity calculated?
Every monthly deposit earns quarterly-compounded interest for the months it stays invested, so earlier deposits earn more. ₹5,000/month for 5 years at 7% matures at about ₹3,58,000 on ₹3,00,000 deposited.
What is the difference between RD and FD?
An FD is one lump sum locked for the term; an RD builds up through equal monthly deposits — better if you're saving from monthly income rather than investing a lump sum you already have.
Is RD interest taxed?
Yes, like FD interest it's taxable at your income-tax slab, and TDS may be deducted above a threshold. There's no special tax exemption for ordinary recurring deposits.