Financial Calculators
RD Calculator
A fixed monthly deposit at a fixed rate. See what your recurring deposit matures to.
- Total deposited
- ₹3,00,000
- Interest earned
- ₹60,053
- Maturity value
- ₹3,60,053
Assumes deposits at the start of each month with monthly compounding; banks typically compound quarterly, so actual maturity may differ marginally. RD interest is taxable at slab rate.
The disciplined saver's starter kit
A recurring deposit brings SIP-like discipline to bank saving: a fixed amount moves from your account every month and earns a fixed rate until maturity. For short-horizon goals where certainty matters more than growth, an emergency fund being built, a purchase a year or two away, it is a perfectly sensible tool.
For long horizons the comparison changes: RD interest is fully taxable at slab rate and fixed rates rarely outrun inflation after tax, which is where equity SIPs earn their place. This calculator gives you the RD number; the SIP calculator one click away gives the comparison.
How the calculation works
Each month: balance = (balance + monthly deposit) x (1 + r/12)\nDeposit at the start of each month, compounded monthlyWorked example: Rs 5,000 monthly at 7% for 5 years grows to about Rs 3,60,053, of which Rs 3,00,000 is your deposits and about Rs 60,053 is interest, taxable at slab rate.
Frequently asked questions
How is an RD different from a SIP?
Mechanically identical, economically different: an RD earns a fixed, taxable bank rate; a SIP buys mutual fund units whose value is market-linked. Certainty versus growth potential.
Is RD interest taxable?
Yes, fully at your slab rate, with TDS beyond thresholds, same as FD interest.
What if I miss a monthly instalment?
Banks typically levy a small penalty and the maturity value adjusts. The habit matters more than perfection.
Will my bank's maturity value match this exactly?
Very closely. Banks typically compound quarterly rather than monthly, so actual figures may differ marginally.
Build the habit, then upgrade it.
Start with discipline; we will help you route long-term money where it can actually grow.