How is RD maturity amount calculated?

Each monthly instalment is compounded for the period it stays invested: M = Σ P × (1 + r ÷ n)^(n × tᵏ). The calculator converts your tenure in years into monthly instalments and applies the formula instantly.

Is an RD better than an FD?

They serve different needs. An FD invests a lump sum for the full tenure, so it earns more interest on the same total amount. An RD lets you save monthly out of income, which is why the interest earned is lower for the same total deposited.

What tenure can I choose?

This calculator supports 1 to 100 years so you can model long-horizon plans, though most banks offer recurring deposits from 6 months to 10 years.

What is the maturity amount of an RD?

It is the sum of every instalment plus the interest each one earns for the time it stays invested. ₹5,000 a month for 5 years at 7%, compounded quarterly, matures at about ₹3,59,664 on ₹3,00,000 deposited.

RD or FD — which is better?

An FD suits a lump sum you already have, because the whole amount earns interest from day one. An RD suits money you save monthly, but each instalment earns interest for a shorter period, so the same rate produces a lower effective return. Compare with the FD calculator on this site.

RD or SIP — which should I choose?

An RD pays a contracted interest rate, so the maturity amount is known in advance. A SIP in mutual funds is market-linked, with higher potential returns and no guarantee. Many people use an RD for short-term goals and a SIP for long-term ones.

Is RD interest taxable?

Yes. Interest is added to your income and taxed at your slab rate, and banks deduct TDS once interest in a financial year crosses the applicable threshold.

What if I miss a monthly instalment?

Banks usually levy a small penalty and may close the account after repeated defaults. This calculator assumes every instalment is paid on time.

RD Calculator

Calculate the maturity amount and interest earned on a recurring deposit for any monthly deposit, interest rate, tenure in years, and compounding frequency.

Under 20 seconds

Updated 22 Aug 2026

12,450people used this

Maturity amount

₹8,68,509

Calculated value after 10 years at 7% a year, compounded quarterly.

Total interest earned

₹2,68,509

30.9% of the maturity amount.

Total deposited

₹6,00,000

120 monthly deposits of ₹5,000.

Interest percentage

30.9%

Interest as a share of the maturity amount; growth on deposits is 44.8%.

An RD calculator works out the maturity amount and interest on a recurring deposit from your monthly deposit, the interest rate, the tenure, and the compounding frequency. Each instalment earns interest only for the months it stays invested, and actual maturity amounts can vary with your bank's terms.

Visual breakdown

A visual view of your calculation.

Interactive charts arrive here soon.

Year-by-year growth

Deposits, interest accrued, and calculated value at the end of each year, compounded quarterly.

Deposits, interest accrued, and calculated value at the end of each year, compounded quarterly.
Year	Total deposited	Interest earned	Value
1	₹60,000	₹2,311	₹62,311
2	₹1,20,000	₹9,099	₹1,29,099
3	₹1,80,000	₹20,686	₹2,00,686
4	₹2,40,000	₹37,418	₹2,77,418
5	₹3,00,000	₹59,664	₹3,59,664
6	₹3,60,000	₹87,820	₹4,47,820
7	₹4,20,000	₹1,22,310	₹5,42,310
8	₹4,80,000	₹1,63,591	₹6,43,591
9	₹5,40,000	₹2,12,149	₹7,52,149
10	₹6,00,000	₹2,68,509	₹8,68,509

Smart Insights

Generated from the numbers you entered — no guesswork.

120 deposits of ₹5,000 would grow to about ₹8,68,509 over 10 years.
Interest of ₹2,68,509 is roughly 30.9% of the maturity amount.
That is a calculated growth of 44.8% on the money you put in.
Compounding quarterly gives an effective annual yield of 7.19%.
Figures are calculated from the values you enter. RD interest is taxable at your slab rate and banks may deduct TDS.

How does the RD Calculator work?

Each step the calculator runs, in plain language.

1
What is a recurring deposit?
A recurring deposit lets you deposit a fixed amount every month for a chosen tenure at an interest rate fixed when you open the account. It suits savers who want deposit-style safety but do not have a lump sum to invest.
2
How RD interest is calculated
Each instalment is treated as its own deposit and compounded for the time it remains invested, using M = Σ P × (1 + r ÷ n)^(n × tᵏ). Because the last instalment earns interest for only one month, the effective return on an RD is lower than on an FD of the same total amount.
3
Why tenure is entered in years
Years are how most savers think about a goal, so the input takes whole years and the calculator converts them to monthly instalments internally (years × 12) before applying the formula.
4
What compounding frequency changes
Compounding frequency decides how often earned interest is added back to the balance. Most Indian banks compound recurring deposits quarterly; a higher frequency on the same headline rate gives a slightly larger maturity amount.

RD Calculator formula

The exact maths behind every number on this page.

M = Σ P × (1 + r ÷ n)^(n × tᵏ)

M: Maturity amount — the total paid out at the end of the tenure
P: Monthly deposit
r: Annual interest rate as a decimal (7% → 0.07)
n: Compounding periods per year (quarterly = 4)
tᵏ: Time each deposit stays invested, in years (remaining months ÷ 12)

Tenure is entered in years and converted internally to months (years × 12). Each monthly deposit compounds only for the time it remains invested, so the first deposit earns interest for the full term and the last for a single month. Total interest earned is M minus all deposits. No TDS, tax, or premature-withdrawal penalty is applied.

RD Calculator calculation example

₹5,000 deposited every month for 1 year at 7% a year, compounded quarterly.

1Monthly deposit (P)₹5,000
2Rate (r)7 ÷ 100 = 0.07
3Compounding (n)4 periods per year
4Tenure1 year = 12 monthly deposits
5Total deposited5,000 × 12 = ₹60,000
6Maturity (M)₹62,255 (approx.)

The recurring deposit matures at about ₹62,255, so roughly ₹2,255 is interest — lower than a lump-sum FD of the same total because each instalment is invested for less time.

Important assumptions

What this calculation includes, and what it leaves out.

Every monthly instalment is paid on time, and no deposit is withdrawn before the tenure ends.
The rate you enter stays fixed for the whole tenure, and interest is compounded at the frequency you select.
Tenure is entered in years and converted internally to months, so each deposit earns interest only for the months it stays invested.
Figures are before tax and before any missed-instalment penalty. RD interest is taxable at your slab rate and TDS may apply.

Benefits

Why people use this calculator before signing a loan.

Builds a habit of saving
A fixed monthly debit turns saving into a routine rather than a decision.
Predictable maturity value
The rate is fixed at account opening, so the maturity amount can be calculated exactly.
Low entry amount
Most banks allow recurring deposits from a few hundred rupees a month.
Limitations to keep in mind
Interest is fully taxable at your slab rate, returns can trail inflation, and closing the account early usually costs a penalty.

Financial tips

Practical guidance to act on your result.

Set the monthly deposit at a level you can sustain — missed instalments usually attract a small penalty.
Automate the debit on salary day so the instalment is never skipped.
Compare the RD rate with the bank's FD rate for the same tenure before committing.
Longer tenures let the earlier instalments compound for much longer, which lifts the interest share.

Frequently asked questions

Short, direct answers to the questions we hear most.

Guides that explain how to use this calculation in a real decision.

Banking • 6 min read

FD laddering: liquidity without losing rate

Split one deposit into staggered tenures so cash is available when you need it, without breaking an FD.

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Banking • 5 min read

Why compounding frequency changes your maturity value

Monthly, quarterly and annual compounding compared on the same deposit — and what to compare instead of the headline rate.

Read guide

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Disclaimer

CalPaisa calculators are for general information and planning only. Results are estimates based on the values you enter and standard formulas, and may differ from the figures your bank, employer, or tax authority applies. Nothing here is investment, tax, or legal advice. Please confirm important decisions with a qualified professional. Read our financial disclaimer, learn how CalPaisa works, or tell us about a calculation you think is wrong.

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