RD Calculator

Calculate your recurring deposit maturity value, total deposits, and interest earned with year-by-year accumulation.

Build savings month by month.

Deposit per Month

Interest Rate (% p.a.)

Compounding Frequency

Most Indian banks use Quarterly compounding for RDs.

Tenure

years

Maturity Value

Total Deposits

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Interest Earned

—

RDs with monthly compounding earn slightly more than quarterly — but both beat keeping cash idle.

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)

Monthly Deposit₹5,000.00Rate6.7% p.a., quarterlyTenure5 years

↓Maturity Value = ₹3,56,829.14Total deposits ₹3,00,000.00 · Interest earned ₹56,829.14

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.