Recurring Deposit (RD) Calculator
Estimate the maturity value of your monthly RD installments.
Year-by-Year Growth
| Year | Deposited So Far | Value |
|---|---|---|
| Calculating… | ||
These calculators are provided for general informational and educational purposes only and do not constitute financial, tax, or legal advice. Results are estimates only. Please consult a qualified financial professional before making any financial decisions.
What is Recurring Deposit (RD) Calculator?
A Recurring Deposit lets you invest a fixed amount every month for a chosen tenure. Each installment earns interest - compounded quarterly - for the time it remains with the bank.
The Formula
M = R × Σ (1 + r/4)^(q)
Where R is the monthly deposit, r is the annual rate, and each installment's q is the number of remaining quarters until maturity.
Frequently Asked Questions
Is RD interest taxable?
Interest earned is generally added to your taxable income and taxed at your applicable slab rate, subject to prevailing tax law and any exemption thresholds - check current rules or consult a tax advisor for your situation.
What happens if I withdraw early?
Most banks apply a penalty rate reduction for premature withdrawal, so the effective interest earned is usually lower than the originally quoted rate.