14 categories
See all →
  1. Home
  2. Finance & Tax
  3. RD Calculator

RD Calculator

Calculate Recurring Deposit maturity amount and interest earned

Total Invested
₹0
Interest Earned
₹0
Maturity Amount
₹0
Monthly Deposit₹0
Tenure0 months
Effective Interest Rate0%
TDS (10% if interest > ₹40K)₹0
Current RD Rates — Major Banks (2025)
Bank1 Year2 Year3 YearSenior (+)
SBI6.80%7.00%6.75%+0.50%
Post Office6.70%6.90%7.10%—
HDFC Bank6.60%7.00%7.00%+0.50%
ICICI Bank6.70%7.00%7.00%+0.50%
Axis Bank6.70%7.10%7.10%+0.50%
Advertisement

What is RD Calculator?

Free RD calculator India. Calculate recurring deposit maturity amount and interest earned with monthly compounding. Compare SBI, HDFC, Post Office RD rates. India-specific financial calculators built for the Indian tax system, RBI guidelines, and Indian banking rates. TekPulse's RD Calculator is completely free — no signup, no ads in results, and no data stored on our servers.

How to Use RD Calculator Online

  1. Enter the monthly deposit amount you plan to invest in the recurring deposit
  2. Enter the annual interest rate offered by your bank (typically 6–7% for RDs)
  3. Select the tenure in months (minimum 6 months, maximum 120 months)
  4. View the total maturity amount, total amount deposited, and total interest earned
  5. Adjust inputs to compare different RD schemes and find the best option

RD Calculator Formula & Calculation

Maturity = R × n + Interest [Post Office: I = P × n(n+1) × r ÷ (2 × 12 × 100)]

R = Monthly deposit | n = Total months | r = Annual rate

Example: ₹5,000/month RD at 6.7% for 2 years (Post Office RD, FY 2026-27): Total deposited = ₹1,20,000. Interest = 5,000 × 24 × 25 × 6.7 ÷ (2 × 12 × 100) = ₹8,375. Maturity = ₹1,28,375.

Key Factors That Affect Your Result

  1. Monthly deposit amount — Choose a fixed amount you can commit to for the full tenure without breaking. Even ₹2,000/month for 5 years at 6.7% builds ₹1,43,000 in maturity.
  2. Tenure and interest rate — Post Office RD (6.7%), SBI (6.5%), small finance banks offer up to 8%+. Longer tenure builds more via compounding; compare across institutions before opening.
  3. Compounding frequency — Banks compound RD interest quarterly. The effective yield is slightly higher than the stated rate due to intra-year compounding.
  4. Missed instalment penalty — Most banks charge ₹1–2 per ₹100 per month for delayed payments. Three consecutive missed instalments can result in account closure.

Why Use TekPulse RD Calculator?

Runs Entirely in Your Browser
Uses the standard RD quarterly-compounding formula — enter your own monthly deposit and rate
Flexible Tenure
Calculate maturity for any tenure from 3 to 120 months
TDS Estimate Included
Shows an estimated 10% TDS deduction on interest above ₹40,000
Bank Rate Table is Indicative
The sample bank rates shown are for reference only, not live data — always use your own rate for calculations

Share & Embed

Help others discover this free tool. Share it or embed it on your website.

WhatsApp X/Twitter LinkedIn

Free to embed with attribution link to tekpulse.in

Related Guides

FD vs RD — Which Should You Choose?

Frequently Asked Questions

An RD is a savings scheme offered by banks where you deposit a fixed amount every month for a predetermined tenure and earn interest. At maturity you receive the total principal plus interest.

RD interest is calculated quarterly using compound interest: A = P × (1 + r/n)^(nt). Where P is monthly deposit, r is annual rate, n = 4 (quarterly), and t is tenure in years for each instalment.

FD requires a lump-sum deposit while RD allows monthly deposits. FD is better if you have a large amount ready. RD is ideal if you want to save a fixed amount each month from salary.

Yes. RD interest is fully taxable as per your income tax slab. Banks deduct TDS at 10% if total interest exceeds ₹40,000 in a financial year (₹50,000 for senior citizens).

Most banks allow RD with a minimum of ₹500 or ₹1,000 per month. Post Office RDs start from ₹100 per month. There is no maximum limit.

Was this tool helpful?