RD Calculator
Calculate recurring deposit maturity with monthly investments.
About RD Calculator
For recurring deposit savers, the RD Calculator turns minutes of manual working into an instant, clearly labelled result. Enter the monthly deposit, the tenure and the RD interest rate, and the calculator projects the maturity value assuming quarterly compounding, the method most Indian banks and post offices use. The total deposited, the interest earned and the effective yield are shown separately, and the tool handles the common case of varying tenure from six months to ten years. Because RD interest is fully taxable at your slab and TDS applies above Rs 50,000 a year, the net post-tax value is also displayed so you can compare honestly with a tax-free PPF. The post-office five-year RD rate and bank RD rates differ, so the rate field is fully editable. Indian financial paperwork is unforgiving, so this calculator stays strict about formulas, rounding and the small details that decide whether a figure matches your actual filing. In practice people reach for it most when planning a monthly Rs 5,000 RD for five years, when comparing a bank RD with the post-office RD, or while checking the post-tax return of a recurring deposit. Small screen or large, the controls stay finger-friendly and the numbers stay readable.
How to Use the RD Calculator
- Open the RD Calculator tool above — it loads instantly in your browser.
- Enter your values in the input fields provided.
- The result updates immediately — no calculate button needed (or click Calculate where shown).
- Copy or use your result directly. Nothing is stored or sent to any server.
Key Features of RD Calculator
- Monthly deposit
- Quarterly compounding
- Maturity amount
- Monthly RD projection
- Post-tax value
- Post-office rate support
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Frequently Asked Questions
How is Recurring Deposit maturity calculated?
RD maturity is calculated by computing compound interest on each monthly installment individually. Each installment earns interest for its remaining tenure.
What are current RD interest rates?
RD rates range from 3.5% to 8% per annum depending on the bank and tenure. Senior citizens get 0.25-0.50% higher rates. Small finance banks typically offer better RD rates.
Is RD better than FD?
RD builds a habit of regular saving and requires low commitment (Rs. 100/month minimum). FD offers slightly higher returns for lump sums. Choose based on your cash flow pattern.
Is RD interest taxed like FD?
Yes, RD interest is fully taxable at your income slab rate and TDS of 10 per cent is deducted once interest exceeds Rs 50,000 in a year.
Can I break an RD midway?
Most banks allow premature closure with a penalty of around 1 per cent on the rate, and the post-office RD allows it only after six months.