About RD Calculator
Calculate the maturity value of a Recurring Deposit (RD) — a scheme where you deposit a fixed amount every month and earn compound interest, ideal for disciplined monthly saving.
How to Use
- Enter the fixed monthly deposit amount.
- Enter the annual interest rate.
- Enter the tenure in months.
- See the total deposited, interest earned, and maturity value.
Why Use This Tool?
- Accurate — built on precise, well-tested mathematical formulas.
- Instant — all calculations happen client-side for zero latency.
- Private — no data is sent to any server; your information stays on your device.
- Free — no sign-up, no limits, no hidden costs.
Frequently Asked Questions
How is RD maturity calculated?
Each monthly deposit earns interest for the remaining months and is compounded quarterly, so earlier deposits earn more. The calculator sums the compounded value of every instalment.
Is RD interest taxable?
Yes, RD interest is taxable at your income-tax slab, and TDS may apply if total interest crosses the bank's threshold in a financial year.
Can I miss an RD instalment?
Missing instalments usually attracts a small penalty and can reduce your maturity value. Some banks close the account after several consecutive missed payments.
What is the RD maturity formula?
Each monthly deposit P is compounded quarterly for the months remaining, so maturity M = Σ P × (1 + r/4)^(4 × t_k), where r is the annual rate and t_k is the years left for the k-th instalment. The calculator sums all instalments for you.
How much will a ₹5,000 per month RD grow to?
At 6.5% for 1 year you deposit ₹60,000 and it matures to roughly ₹62,000 (about ₹2,000 interest); over 5 years ₹3,00,000 grows to about ₹3.55 lakh. Enter your own deposit, rate and tenure above for the exact figure.