RD Calculator

Calculate the maturity amount of your Recurring Deposit. Enter monthly deposit, interest rate, and tenure.

Maturity Amount

—

How to use the RD Calculator

Enter the amount you will deposit every month.
Enter the bank's RD interest rate.
Enter the tenure in months (for example 12, 24 or 60).
Click Calculate to see the maturity amount, total deposits and interest.

Formula used

M = Σ R × (1 + r ÷ 4)^{4 × t_k}

Each monthly instalment R earns quarterly-compounded interest for the time t_k (in years) it stays invested. The first instalment earns for the full tenure, the last one for just one month.

Worked example

₹5,000 per month for 12 months at 7%

Total deposited = ₹60,000

Maturity value ≈ ₹62,311

Interest earned ≈ ₹2,311

RD vs SIP

An RD gives a fixed, guaranteed return and suits short goals of 1–3 years. A SIP in an equity mutual fund has no guaranteed return but has historically delivered more over 5+ years. Many people use an RD for an emergency fund or a planned purchase, and SIPs for long-term wealth.

Tips for accurate results

Missing an instalment can attract a small penalty; set up auto-debit.
RD interest is taxable like FD interest, and TDS applies above the threshold.
Post office RDs have a fixed 5-year tenure and government backing.

Frequently Asked Questions

Banks compound RD interest quarterly, and each monthly deposit earns interest only for the months it remains in the account.

Most banks allow premature closure with a penalty on the interest rate.

Usually yes for the same tenure, but check with your bank.

Content reviewed by Vinod, Easy Smart Calculator · Last updated October 2026

How RD Works

A Recurring Deposit allows you to invest a fixed amount every month for a predetermined period. Interest is usually compounded quarterly on RD deposits.

M = P × n(n+1) × r / (2 × 12 × 100) + P × n
P=Monthly deposit, n=Months, r=Annual rate