Maturity amount
₹8,68,509
Calculated value after 10 years at 7% a year, compounded quarterly.
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
Results dashboard
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%.
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</iframe>An RD maturity calculator works out what your recurring deposit will be worth at the end of the tenure. Enter the monthly deposit, interest rate, tenure and compounding frequency, and it compounds each instalment for the months it stays invested — so you see the maturity amount, the total deposited and the interest earned separately. 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.
| 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.
What is the RD Calculator?
What the tool does, who it is for and what it cannot tell you.
A recurring deposit lets you pay a fixed amount into a bank account every month at an interest rate locked when you open it. This calculator shows what those instalments add up to on the maturity date: the maturity amount, everything you deposited and the interest earned, plus the value at the end of each year.
The maturity amount is not simply deposits plus one year's interest. Each instalment starts earning only from the month it is paid, so the first one compounds for the entire tenure while the last earns for a single month. That is why an RD returns less than a fixed deposit of the same total amount, even at the same rate.
Use it to size a monthly commitment against a target, to compare a bank's RD rate card against its FD rates, or to check a maturity figure quoted to you. The interest rate is your input — this page does not carry any bank's live rates.
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.
What to enter in each field
The exact figure each input expects, so the result means what you think it means.
- Monthly deposit
- The fixed instalment you will pay every month. Banks usually treat missed instalments as a default with a small penalty, so pick an amount your salary can absorb every month.
- Interest rate
- The annual rate your bank offers for this recurring deposit tenure, taken from its rate card. Senior citizens usually get a slightly higher rate, so use the applicable one.
- Tenure
- How long you will keep depositing, in years. The calculator converts it to monthly instalments internally, so 5 years means 60 deposits.
- Compounding frequency
- How often the bank adds earned interest back to the balance. Quarterly is the common convention for Indian recurring deposits; a higher frequency on the same 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.
Read the thinking behind it
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.
Read guideBanking • 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 guideBanking • 7 min read
PPF vs FD for long-term safety
Lock-in, taxation and effective returns weighed side by side for long-horizon money.
Read guideBanking • 6 min read
FD vs RD: which is better for your savings?
Lump sum or monthly instalments — how fixed and recurring deposits differ and when each one fits.
Read guideBanking • 6 min read
What is PPF? How PPF maturity works
How the Public Provident Fund grows year by year and what happens when it matures.
Read guideRelated calculators
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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.