Savings
RD Calculator
Maturity value of a monthly recurring deposit. Move the sliders or type exact numbers — results update instantly.
Formula checked by Naman, Fistotex founderLast updated Free · No sign-up · Runs in your browser
Your inputs
Maturity value
₹7,15,542
≈ ₹7.16 Lakh
Total deposits84%
Interest earned16%
- Total deposits
- ₹6,00,000
- Interest earned
- ₹1,15,542
Growth over time
Figures are estimates based on the inputs and assumptions shown. Actual outcomes will differ. This is not financial advice.
Guide
RD Calculator: what it does and when to use it
An RD calculator estimates the maturity value of a recurring deposit, where you deposit a fixed amount every month at a fixed interest rate for a set tenure.
RDs suit short-term goals with a fixed date, such as a vacation or an insurance premium, where you want guaranteed savings rather than market-linked returns.
How to use it: set each input with the slider or type an exact figure. Results, the chart and the shareable link update instantly.
- Monthly deposit
- ₹10,000
- Interest rate
- 6.8%
- Tenure
- 5 years
- Total deposits
- ₹6,00,000
- Interest earned
- ₹1,15,542
- Maturity value
- ₹7,15,542
Method
How this calculation works
The exact formula and assumptions behind the numbers above.
Formula
Each instalment is compounded quarterly for the months it remains invested.
Banks compute RD interest on a quarterly compounded basis; small differences from your bank's figure are normal rounding.
Assumptions
- The first instalment earns the most interest; the last earns least.
- RDs are useful for building a fixed sum without a lump sum upfront.
Questions
Frequently asked questions
RD or SIP?
An RD gives a guaranteed, fixed return. A SIP is market-linked with no guarantee but historically higher long-run expectations. They serve different goals.
How is RD interest compounded?
Most Indian banks and the post office compound RD interest quarterly, so each monthly deposit earns interest for the number of quarters it stays invested.
What happens if I miss an RD instalment?
Banks usually charge a small penalty for a missed instalment, and several missed payments can lead to premature closure.
Disclaimer
This calculator is an educational tool. It provides estimates based on the inputs and assumptions shown, and does not constitute personalised financial, investment or tax advice. Actual returns, interest, taxes and fees will vary. Please consult a qualified professional before making financial decisions.