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RD Calculator

Calculate recurring deposit maturity, interest earned and post-tax maturity at your tax slab. Free online RD calculator using quarterly compounding as used by Indian banks.

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The amount you set aside each month.
₹
Annual rate offered by your bank.
%
In multiples of 3 months.
months
Your income-tax slab rate. Leave at 0 to see pre-tax figures only.
%

After 24 months, your recurring deposit matures to ₹1,29,369.

Maturity value by year

₹0₹32K₹65K₹97K₹1L012
Invested
₹1,20,000
Interest · 7%
₹9,369
Total invested₹1,20,000
Interest earned₹9,369

Assumes quarterly compounding, as used by most Indian banks. Tenure is set in multiples of 3 months to match quarterly interest credits. RD interest counts towards the same per-bank TDS threshold as FDs: 10% is deducted once it passes ₹50,000 in a financial year (₹1 lakh for senior citizens). TDS is an advance — what you finally owe is set by your slab rate.

Frequently asked questions

How is RD interest calculated?

Indian banks compound recurring deposit interest quarterly. Each monthly instalment earns interest, compounded every quarter until maturity, using M = P x [(1 + i)^n - 1] / [1 - (1 + i)^(-1/3)], where P is the monthly deposit, i is the quarterly rate (annual rate / 4) and n is the number of quarters.

Is RD interest taxable?

Yes. RD interest is added to your income and taxed at your slab rate, exactly like FD interest, and it counts towards the same per-bank TDS threshold (Rs 50,000 a year, Rs 1 lakh for senior citizens). Enter your slab rate in 'Tax on interest' to see the maturity after tax.

Why is the tenure set in steps of 3 months?

Because RD interest is compounded quarterly, the standard bank formula works in whole quarters, so the tenure is entered in multiples of 3 months. RD tenures typically range from 6 months to 10 years.

Do you save what I enter?

No. The maturity is calculated locally in your browser — your figures never leave your device.