🔁 RD Calculator
Estimate your recurring deposit maturity amount and total interest.
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📣 Join Free Telegram Try the SIP Calculator →What is a recurring deposit (RD)?
A recurring deposit lets you invest a fixed amount every month with a bank or post office for a set period, earning a fixed interest rate. It's a safe, disciplined way to save for a short-to-medium-term goal.
Interest is usually compounded quarterly. This calculator uses the standard monthly-compounding estimate, which is very close, so treat the maturity figure as a close estimate.
RD vs SIP
An RD gives a fixed, guaranteed return with no market risk — good for safety and short goals. A SIP in mutual funds can give higher returns over the long term but carries market risk. Use an RD for safety, a SIP for growth.
Frequently Asked Questions
- Is the RD maturity amount guaranteed?
- Yes — RD returns are fixed at the rate agreed when you open it, so the maturity amount is known in advance (unlike market investments).
- Is RD interest taxable?
- Yes, RD interest is added to your income and taxed as per your slab. Banks may deduct TDS if interest crosses the threshold in a year.
- Is this calculator exact?
- It's a very close estimate. Banks compound quarterly and round differently, so your actual maturity may vary by a small amount.
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⚠️ This calculator is for educational and estimation purposes only. Actual maturity depends on your bank's compounding and rounding. Not financial advice.