Calculate your Recurring Deposit maturity amount and total interest earned
Minimum Deposit: SBI and most banks allow RD with as little as ₹100/month. Post Office RD minimum is ₹100/month.
Tenure: Minimum 6 months, maximum 10 years. Post Office RD has a fixed 5-year tenure.
Senior Citizens: Get an additional 0.50% interest rate over the regular rate at most banks.
Compounding: RD interest is compounded quarterly in India, unlike SIP which is monthly.
Choose how much you want to deposit every month. This fixed amount is deposited consistently for the entire tenure, just like a monthly SIP but with guaranteed returns.
Enter the annual interest rate offered by your bank or post office. Check the latest rates from SBI, Post Office, HDFC, or ICICI before investing.
Select how many months you want to run the RD. Most banks offer from 6 months to 10 years (120 months).
The calculator shows your total maturity amount, deposits made, interest earned, and effective annual return.
RD Maturity Formula: M = R × [(1+i)ⁿ − 1] / (1 − (1+i)^(−1/3))
Where: R = monthly deposit | i = quarterly interest rate | n = number of quarters
Example: ₹5,000/month × 12 months @ 6.7% = Maturity ≈ ₹61,950
As of 2026, SBI offers 6.50%–7.00% for regular customers and up to 7.50% for senior citizens on RDs. Post Office RD offers a fixed 6.7% p.a. compounded quarterly, which is backed by the Government of India.
FD (Fixed Deposit) requires a lump sum investment at the start, while RD (Recurring Deposit) allows you to invest a fixed amount every month. RD is ideal for salaried individuals who want to save monthly with guaranteed returns.
Yes, RD interest is fully taxable as per your income slab. TDS at 10% is deducted if total bank interest (FD + RD combined) exceeds ₹40,000 per year (₹50,000 for senior citizens).
Yes, premature closure is allowed. Most banks charge a penalty of 1% on the applicable interest rate. Post Office RD can be closed after 3 years with a penalty on interest earned.
Post Office RD offers a sovereign (government) guarantee and is risk-free. Bank RDs are insured up to ₹5 lakh under DICGC. Post Office RD has a fixed 5-year tenure while bank RDs offer more flexible tenures.