RD Calculator

A recurring deposit (RD) is a savings product where you deposit a fixed amount every month for a set tenure. It earns a fixed interest rate, compounded periodically, and pays out a lump sum at maturity.

A fixed deposit takes one lump sum up front, while an RD takes a fixed amount every month. An RD suits steady saving from monthly income; an FD suits money you already have in hand.

Each monthly deposit earns interest compounded monthly until the tenure ends, then all deposits and their interest are summed. This calculator treats deposits as made at month end, which matches how most banks quote RD maturity.

Most banks charge a small penalty for a missed or late installment and may close the account after several misses. A missed deposit also lowers your final maturity since that money never earns interest.

The rate is fixed for the tenure once you open the RD, so the maturity is predictable. Rates on new RDs change over time, so the value here reflects only the rate you enter.

No. The maturity shown is before tax. Interest on a recurring deposit is generally taxable, and banks may deduct tax at source, so your in-hand amount can be lower.