RD calculator
Recurring deposit maturity and interest.
Your inputs
Use your bank's rate for this tenure.
Results
Generated on 11 Oct 2026
Your inputs
| Monthly deposit | ₹5,000 |
|---|---|
| Interest rate (per year) | 6.5% |
| Loan tenure | 3 years |
Maturity value
₹1,99,122
- Amount invested
- ₹1,80,000
- Interest earned
- ₹19,122
- Interest rate (per year)
- 6.50%
- Amount invested₹1,80,000(90%)
- Interest earned₹19,122(10%)
See how a different amount, return or period changes the result, side by side.
Year-by-year breakdown
| Year | Deposit | Interest | Balance |
|---|---|---|---|
| 1 | ₹60,000 | ₹2,143 | ₹62,143 |
| 2 | ₹60,000 | ₹6,282 | ₹1,28,425 |
| 3 | ₹60,000 | ₹10,697 | ₹1,99,122 |
Assumptions and method
Formula
- Maturity = Σ R · (1 + r/4)^(k/3), k = months each instalment stays deposited
Modelling notes
- Each instalment compounds quarterly for the months it stays invested (bank method).
Not included
- Future rate revisions: the current rate is assumed for the whole term.
- Income tax on interest, where applicable.
This is an illustration at the rate you entered. Actual amounts depend on your bank's or lender's terms and future rate revisions.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
How it works
A recurring deposit (RD) takes a fixed amount every month for a fixed term. Using the bank method, each instalment earns interest compounded quarterly for the months it stays deposited.
Frequently asked questions
How is RD different from a SIP?
An RD earns a fixed bank rate. A SIP invests in a mutual fund whose returns vary and can be negative over short periods.
Is RD interest taxable?
Yes, at your slab rate.