Banking
RD Calculator
Estimates the maturity value of a Recurring Deposit given the monthly deposit, interest rate, and tenure.
Your details
₹
%
yrs
Maturity value
₹2,00,180
Total deposited
₹1,80,000
Interest earned
₹20,180
Depositing ₹5,000/month for 3 years at 6.8% could grow to ₹2,00,180 — before TDS.
This uses monthly compounding as an approximation — actual bank RD payout conventions (quarterly compounding, exact deposit-date timing) vary slightly by bank.
Total₹2,00,180
- Deposited₹1,80,000
- Interest earned₹20,180
How this is calculated
Approximated using the standard SIP future-value formula (monthly compounding) on the recurring deposit amount — a close match to typical Indian bank RD payouts over standard tenures.
Frequently asked questions
Is RD interest taxable?
Yes — like FD interest, RD interest is fully taxable as per your income tax slab, with TDS applicable above the same thresholds.
RD vs SIP — which should I choose?
RD gives a fixed, guaranteed return with zero market risk; SIP into equity carries market risk but a realistic shot at higher long-term growth. Match the choice to your goal's time horizon and risk tolerance.
Can I withdraw an RD early?
Yes, but most banks charge a penalty and pay a lower interest rate for premature withdrawal.