🏦 Recurring Deposit (RD) Calculator
Monthly deposit • Quarterly compounding (default) • Lightweight
RD Calculator – FAQs
What inputs do I need for the RD calculator?
Monthly deposit amount, annual interest rate, tenure (in months/years), and compounding frequency (usually quarterly in India).
How is interest calculated in an RD?
Each monthly installment earns interest from its deposit month till maturity. Most banks compound quarterly, so interest is added every quarter.
Can I calculate a non-standard tenure like 15 months?
Yes. Enter tenure in months (e.g., 15) and the calculator computes maturity value and interest accordingly.
Will the result match my bank exactly?
Usually very close. Small differences can occur due to day-count conventions, compounding dates, and bank-specific rules.
Is TDS deducted on RD interest?
Banks may deduct TDS if your interest crosses the threshold as per rules. Your final tax depends on your slab; check your statement/Form 26AS.
What about premature closure or delayed installments?
Banks may allow premature closure with a penalty and lower interest. Delayed deposits can attract penalties; rules vary by bank.
How is Post Office RD different?
Post Office RD typically has a fixed 5-year tenure with quarterly compounding and government-notified rates. Banks set their own rates and tenures.
When it comes to saving money in India, the humble Recurring Deposit (RD) has always been a favorite. Think of it as that disciplined friend who reminds you every month — “just put aside a small fixed amount, and I’ll quietly grow it for you with steady interest.” No risks, no stock market ups and downs, just a simple and reliable way to build a habit of saving.
But here’s the catch — most people don’t actually know how much they will end up with at the end of the RD. Banks throw around terms like “quarterly compounding” or “maturity value,” and unless you are really into numbers, it can get confusing. That’s exactly where this RD Calculator makes life easier.
You don’t need to sit with a pen, paper, and formulas. Just enter three things — how much you can save every month, the interest rate your bank is offering, and the tenure you want. Instantly, you’ll see not only the final maturity amount but also how much is your own contribution and how much is pure interest earned.
For students starting their first savings, for parents planning for school fees, or for salaried folks who just want discipline in savings — an RD calculator is like a mirror that shows the future of your money. It takes the guesswork out and gives you clarity. So before you open an RD account, play around with this calculator and decide what’s comfortable for you.