RD Calculator
See what your monthly recurring deposit grows to, and how much of it is interest.
Maturity amount
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Frequently asked questions
What is a recurring deposit (RD)?
A recurring deposit lets you deposit a fixed amount every month for a set period, earning a fixed interest rate. It is a low-risk way to build savings with regular contributions, offered by banks and post offices.
How is RD maturity calculated?
This calculator grows your balance each month by the monthly interest rate and adds your deposit, so interest compounds on the growing balance over the full tenure.
Is RD interest taxable?
Yes. Interest earned on an RD is added to your income and taxed at your slab rate, and banks may deduct TDS above a limit. This calculator shows the pre-tax maturity amount.
RD or SIP — which is better?
An RD gives a fixed, guaranteed return and is very low risk. A SIP in mutual funds can earn more over the long term but carries market risk. RDs suit short-term, certain goals.