RD Calculator

What is an RD calculator?

A Recurring Deposit (RD) lets you deposit a fixed amount every month into a bank or post office account at a fixed interest rate, for a fixed tenure. This calculator projects the maturity value using the same formula banks like SBI, HDFC, and ICICI publish — no app or software download needed, it runs directly in your browser.

Worked Example — ₹5,000/month for 5 years at 6.7% (quarterly)

Frequently Asked Questions

Common Mistakes to Avoid

• RD and SIP use different formulas, even though both are monthly. An RD earns a fixed bank interest rate with bank-standard compounding rules; a SIP earns a market-linked mutual fund return. Don't compare the two using the same formula.
• Missing a monthly deposit usually costs a penalty. Most banks charge a small penalty for a missed installment, which this calculator doesn't model — it assumes every deposit is made on time.
• Quarterly is the default, but not the only option. Confirm your bank's actual compounding frequency — monthly, half-yearly, and yearly compounding are also real options some banks use.

References

• Reserve Bank of India (RBI)
• India Post