RD Calculator: Recurring Deposit Maturity Amount

If you want to grow a small monthly saving safely, an RD is a good option. This calculator shows the maturity amount.

What is it?

A recurring deposit takes a fixed amount every month and pays quarterly-compounded interest on it.

How is it calculated?

RD maturity uses a quarterly-compounding formula based on the monthly instalment and the quarterly rate.

Example

₹5,000 a month at 7% for 36 months: you deposit ₹1.8 lakh and it matures to roughly ₹2 lakh.

Key things to know

• TDS can apply to RD interest too.
• Closing early reduces the interest you earn.
• Set up auto-debit so no instalment is missed.
• A post-office RD is also worth comparing.

What to do next

Compare RD rates at banks and the post office.

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Frequently asked questions

RD vs SIP?
RD returns are fixed and safe; SIP returns are market-linked.

What if I miss an instalment?
A small penalty usually applies.

How is interest added?
On a quarterly compounding basis.

Disclaimer: This article is for general information only and is not financial or tax advice. Consult a qualified advisor before making investment or tax decisions.