RD Calculator
Calculate the maturity value of a Recurring Deposit using the standard quarterly-compounding bank formula.
About the RD Calculator
A Recurring Deposit lets you save a fixed amount every month at a guaranteed rate — a disciplined option for short- to medium-term goals. Interest is compounded quarterly, following the standard formula used by Indian banks and post offices.
Because deposits are staggered, later instalments earn less interest than earlier ones — the maturity value therefore sits between simple interest and full-tenure compounding on the total.
Frequently asked questions
RD or SIP — which should I choose?
RDs offer guaranteed returns and suit short horizons; SIPs into equity funds carry market risk but historically beat RDs over long periods.
Is RD interest taxed?
Yes, RD interest is fully taxable at your slab rate, and TDS applies above the annual interest threshold.