What is the RD Calculator?
A recurring deposit (RD) lets you save a fixed amount every month at a fixed interest rate. The RD calculator works out what all those deposits add up to at maturity, with interest compounded every quarter as banks and India Post do.
How to use it
- 1
Enter your monthly deposit
The amount you'll save each month.
- 2
Enter the rate
Your bank's or the Post Office's RD rate.
- 3
Choose the tenure
In months.
- 4
Read the maturity
See what you'll receive at the end.
Features
Quarterly compounding
The method used by banks and the Post Office.
Any tenure
From 6 months to 10 years.
Invested vs interest
See how much interest your deposits earn.
Popular uses
Saving for a goal
Plan a fixed monthly saving for a trip, gadget or fees.
Post Office RD
Estimate the 5-year Post Office RD maturity.
Frequently asked questions
How is RD interest calculated?
Each monthly deposit earns compound interest for the months left until maturity, compounded quarterly.
Is RD interest taxable?
Yes, at your slab rate, and TDS may apply like on FDs.