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Recurring Deposit (RD) Calculator

The RD Calculator calculates the maturity value and total interest earned on your monthly recurring deposits based on deposit amount, annual interest rate, and investment tenure with quarterly compounding.

₹ 5,000
7%
5 Years
Total Invested
Est. Returns

RD Maturity Calculation Results

Total Invested ₹ 0
Est. Returns ₹ 0
Maturity Value ₹ 0

How Does the RD Calculator Work?

The RD Calculator calculates the maturity value and total interest earned on your monthly recurring deposits based on deposit amount, annual interest rate, and investment tenure with quarterly compounding.

By inputting your customized parameters into the calculator sliders or numeric input fields above, the tool immediately processes the mathematical formulas in real time to generate interactive visual graphs, principal vs interest splits, and detailed summary tables.

RD Maturity Calculation Formula

M = P × [(1 + i)^n - 1] / [1 - (1 + i)^(-1/3)]

Variables Explained:

M Maturity value at the end of the RD tenure
P Monthly installment deposited each month
i Quarterly interest rate (Annual Rate ÷ 4 ÷ 100)
n Total number of quarters in the deposit tenure

Recurring Deposit Example

Depositing ₹5,000 each month for 3 years at 7.0% p.a. amounts to ₹1,80,000 in principal. With quarterly compounding interest, the final maturity payout is ₹2,00,841.

Example Input Parameters:

  • Monthly Deposit ₹5,000
  • Interest Rate 7.0% p.a. (Quarterly compounding)
  • Tenure 3 Years (36 Months)

Calculated Output Summary:

  • Total Deposited Capital ₹1,80,000
  • Total Interest Earned ₹20,841
  • Maturity Amount ₹2,00,841

Frequently Asked Questions (FAQs)

A Recurring Deposit is a special type of term deposit that allows individuals to deposit a fixed amount every month for a predetermined tenure and earn interest comparable to fixed deposits.

In Indian commercial banks and Post Office accounts, interest on Recurring Deposits is compounded on a quarterly basis.

Yes, RD interest is fully taxable based on the depositor’s income tax bracket and is subject to TDS under section 194A.

Banks may levy a small penalty (usually ₹1 to ₹2 per ₹100 per month) for delayed or missed RD monthly installments.

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Financial Disclaimer

Calculator results are mathematical estimates for informational and educational purposes only. Actual returns, EMI values, tax deductions, and maturity proceeds may vary based on lender policies, market conditions, and regulatory revisions.

Reviewed for compliance with Indian financial standards. Last Updated: August 2026
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