RD Calculator
Model a monthly recurring deposit with quarterly compounding (typical for many bank RDs). See maturity, interest earned, and a quarter-by-quarter balance trail.
Inputs
6 months to 10 years — use months for short tenures.
Results
Maturity amount
Year / quarter breakdown
| Period | Deposits (cumulative) | Balance |
|---|
RD vs FD vs SIP
Recurring deposit (RD): You commit a fixed amount every month for a fixed tenure; the bank quotes a rate and compounds interest (often quarterly). Good for forced savings with predictable maturity.
Fixed deposit (FD): One lump sum for a term — different cash-flow pattern from RD.
SIP (mutual funds): Market-linked; no guaranteed rate. RD is closer to a savings contract; SIPs may suit long-term growth with volatility.
Bank vs Post Office RD: Rates change with policy — compare published schedules for tenure buckets you care about. Post Office instruments have their own rules and tax treatment.
TDS: Interest may be subject to TDS above thresholds; this calculator shows gross interest before your specific TDS or Form 15G/15H situation.
When RD helps: Short horizons, very low risk tolerance, or a place to park EMI-style discipline without market noise — for long inflation-beating goals, many investors blend equity/debt per goal date.
Frequently asked questions
How is RD interest compounded?
Many banks compound quarterly; this tool follows your chosen frequency after each monthly deposit.
Will this match my bank passbook exactly?
Maybe not to the rupee — banks use day-count and cut-off rules. Use this for estimates.
Why quarterly default?
Many Indian RDs compound quarterly; you can switch frequency to explore sensitivity.
Does this include TDS on interest?
No — it shows gross interest before your specific TDS situation.
Is this calculator free?
Yes — no signup; math runs in your browser.