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RD Calculator

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Free online RD calculator — calculate Recurring Deposit or monthly savings maturity amount, monthly interest, and total returns.

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Monthly Deposit ($)

Interest Rate (%)

Time Period (Months)

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What is RD Calculator? Complete Guide 2026

A Recurring Deposit (RD) is perfect for disciplined savers who want to invest a fixed amount every month and earn guaranteed returns. Our free RD Calculator instantly tells you your maturity amount and total interest earned. RD combines the discipline of regular saving with the safety of a bank deposit. It is ideal for salaried individuals, students, and anyone who wants to build a corpus through monthly investments.

Understanding RD Calculator

A Recurring Deposit allows you to deposit a fixed amount every month for a fixed tenure. The bank pays you compound interest, and at maturity you receive the total of all your deposits plus accumulated interest. RD vs FD: - FD: One-time lump sum deposit - RD: Monthly fixed deposits — ideal if you don't have a large sum upfront

How to Use RD Calculator - Step by Step Guide

1. Enter monthly deposit amount 2. Enter the annual interest rate 3. Enter tenure in months 4. Click Calculate — see total maturity amount and interest earned

RD Calculator Formula & Calculation Method

**RD Maturity Formula:** M = P × n + P × [n(n+1)/2] × (R/1200) Where: - P = Monthly deposit amount - n = Number of months - R = Annual interest rate Example: ₹5,000/month for 12 months at 6.5%: M = 5000 × 12 + 5000 × (12×13/2) × (6.5/1200) M = 60,000 + 5000 × 78 × 0.00542 M = 60,000 + 2,113 = **₹62,113**

Practical Example with Step-by-Step Solution

**Example: Post Office RD** Monthly Deposit: ₹3,000 Rate: 6.7% per annum Tenure: 24 months Total Deposited = ₹3,000 × 24 = ₹72,000 Maturity Amount ≈ **₹74,960** Interest Earned ≈ ₹2,960

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Benefits of Using Our RD Calculator

✓ Instant RD maturity calculation ✓ Works for all banks and post office RDs ✓ Great for monthly salary-based saving plans ✓ Free and accurate

Expert Tips & Best Practices

1. Start an RD early — even ₹500/month adds up significantly 2. Post Office RD offers 6.7% (Q1 2026) — often higher than banks 3. RD interest is taxable as per your income slab

Frequently Asked Questions (FAQ)

Is RD better than FD?

RD is better when you don't have a lump sum. FD is better when you have a large amount to invest at once. FD generally gives slightly higher interest due to full principal from day 1.

Can I withdraw RD before maturity?

Yes, but premature withdrawal attracts a penalty (usually 1-2% interest reduction). Check your bank's specific terms.

Is RD interest taxable?

Yes, RD interest is added to your income and taxed per your slab. TDS applies if interest exceeds ₹40,000/year.

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