RD Calculator
Calculate Recurring Deposit maturity amount and interest earned with quarterly compounding.
🏦RD Details
Total Invested
₹3.00 L
Interest Earned
₹59.7K
Investment vs Interest
Year-wise Growth
Monthly Deposits
Fixed monthly deposits with guaranteed returns.
Year-wise Growth
See how your RD grows each year.
Safe & Guaranteed
RD gives fixed returns with no market risk.
How to Use
Enter Monthly Amount
Set your monthly RD deposit.
Set Interest Rate
Enter the rate offered by your bank.
Choose Tenure
Select RD duration.
View Maturity
See maturity amount and interest earned.
The Formula
A = P × [(1+r/n)^(nt) - 1] / [1 - (1+r/n)^(-1/3)]Frequently Asked Questions
What is an RD?
A Recurring Deposit (RD) is a savings instrument where you deposit a fixed amount every month for a set tenure. Interest is compounded quarterly.
Is RD interest taxable?
Yes, RD interest is taxable. TDS of 10% applies if interest exceeds ₹40,000/year (₹50,000 for senior citizens).
RD vs SIP - which is better?
RD gives guaranteed but lower returns (6-7%). SIP in mutual funds has potential for higher returns (10-15%) but with market risk. Choose based on risk appetite.
Can I withdraw RD early?
Yes, premature withdrawal is allowed with a penalty of 0.5-1% reduction in interest rate.