RD Calculator (Recurring Deposit)
Calculate recurring deposit maturity with quarterly compounding.
Uses quarterly compounding, the standard for Indian bank RDs. Banks may round differently by a few rupees; RD interest is taxable at your slab rate.
Results are estimates for information only, not financial advice. See how we build and verify our calculators.
A recurring deposit is a fixed-deposit habit: a set amount every month at a guaranteed rate. Enter your monthly deposit, rate and tenure to see the maturity value, computed with the quarterly compounding banks actually use.
How to use the RD Calculator
- Enter your monthly deposit amount.
- Set the bank's RD interest rate and the tenure.
- Read the maturity value and total interest.
Frequently asked questions
How is RD interest calculated?
Indian banks compound RD balances quarterly. Each instalment earns from the month it lands, so this calculator simulates the account month by month with quarterly compounding.
Is RD interest taxable?
Yes — it is added to your income and taxed at slab rate, and banks deduct TDS if interest crosses the threshold. The PPF and ELSS are alternatives with tax advantages.
RD or SIP — which should I pick?
RD gives a guaranteed, slab-taxed return — good for short-term goals. SIPs are market-linked with higher long-term potential and better tax treatment. Match the instrument to the goal's horizon.