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RD Calculator

Calculate recurring deposit maturity value and interest.

₹
%
months

Post office RD is 60 months.

Total deposit
₹3,00,000
₹3 Lakh
Interest earned
₹59,664
Maturity value
₹3,59,664
₹3.6 Lakh
Deposits₹3,00,000 (83%)
Interest₹59,664 (17%)
Year-by-year breakdown
YearDepositedInterestBalance
1₹60,000₹2,311₹62,311
2₹60,000₹6,788₹1,29,099
3₹60,000₹11,588₹2,00,686
4₹60,000₹16,732₹2,77,418
5₹60,000₹22,246₹3,59,664

How to use

  1. 1Enter the amount you will deposit every month.
  2. 2Enter the yearly RD interest rate from your bank or post office.
  3. 3Set the tenure in months.
  4. 4See the total deposit, interest earned and maturity value.

Frequently asked questions

How is RD maturity calculated?

Each monthly instalment earns interest compounded every quarter for as long as it stays deposited. The maturity value is the total of all instalments with their interest, the method banks use.

What is the post office RD tenure?

Post office RD runs for 5 years (60 months). Bank RDs usually allow anything from 6 months to 10 years.

What happens if I miss an instalment?

Banks may charge a small penalty and the maturity amount will be lower. This calculator assumes every instalment is paid on time.

Is RD interest taxable?

Yes, RD interest is taxed at your income slab rate and TDS may apply. Tax is not included here.

RD or SIP — which is better?

RD gives fixed, guaranteed returns with no market risk. A SIP in mutual funds can earn more over the long term but its returns go up and down.

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