About the RD Calculator
A recurring deposit, or RD, lets you put away a fixed amount every month for a set number of months at a fixed interest rate. Enter the monthly deposit, the yearly rate and the tenure in months, choose quarterly or monthly compounding, and this calculator shows the maturity amount, the total you deposited and the interest earned, with a table by year. Quarterly mode follows the common formula used by Indian banks. This site is not from any bank and is not affiliated with one. Banks differ in compounding and rounding, so their own figure can vary slightly, and late-deposit penalties, tax and rate changes are not included. The results are estimates and not financial advice.
Updated September 2026
How to use the RD Calculator
- 1Enter the monthly deposit and the yearly interest rate.
- 2Enter the tenure in months, or tap 6, 12, 24, 36 or 60.
- 3Choose quarterly or monthly compounding.
- 4Read the maturity amount, total deposited and interest earned.
- 5Check the table by year, then press Copy summary.
How a recurring deposit works
You agree a monthly amount, a tenure and a rate with the bank. Every month you pay in the same sum, and the bank pays interest on the growing balance. At the end of the tenure you receive everything: your deposits plus the interest. Because the rate is fixed when you open the account, you know the maturity amount in advance, which makes an RD popular for planned expenses.
The RD maturity formula
For quarterly compounding, with monthly deposit M, yearly rate r and n quarters, the rate per quarter is i = r ÷ 400 and the maturity is M × ((1 + i)^n − 1) ÷ (1 − (1 + i)^(−1/3)). For monthly compounding with deposits at the start of each month, it is M × ((1 + j)^months − 1) ÷ j × (1 + j), where j = r ÷ 1200. If the rate is 0, the maturity is just the monthly deposit times the months.
RD vs FD vs SIP
Use the SIP Calculator for market-linked investing and the Compound Interest Calculator to test any rate.
- RD: fixed monthly deposit, fixed rate, low risk
- FD: one lump sum, fixed rate, low risk
- SIP: monthly investment in funds, returns not fixed
Choosing tenure and deposit
Match the tenure to when you need the money. Longer tenures earn more interest overall, but they lock your savings for longer. Pick a monthly amount you can keep up, because missed deposits can bring penalties. The Loan Calculator shows what a loan would cost if you borrowed instead, and the Percentage Calculator helps compare rates. These figures are estimates.
Features
- Maturity amount, total deposited and interest earned
- Quarterly (bank style) or monthly compounding
- Tenure from 1 to 600 months with one-tap presets
- Table by year with a final partial-year row
- Rate from 0 to 30 percent
- Currency symbol picker
- Runs in your browser
Frequently asked questions
How is RD interest calculated?
Each monthly deposit earns interest from the day it is made until maturity, and interest is added to the balance at the end of each compounding period. In quarterly mode the maturity value is the deposit times the growth factor for the whole tenure, and this page does the sum for you. For 1,000 a month at 6 percent for a year it comes to about 12,395.23.
What is the difference between RD and FD?
A fixed deposit is one lump sum locked in at the start. A recurring deposit is a fixed amount added every month, so it suits people who save from income.
How much will I get on a 1000 monthly RD for 5 years?
It depends on the rate. At 6 percent compounded quarterly, 1,000 a month for 60 months gives about 70,064 on 60,000 deposited. Enter your own rate, since banks change theirs.
Does the compounding frequency matter?
A little. Monthly compounding gives slightly more than quarterly at the same rate: for a year of 1,000 deposits at 6 percent the two results are 12,397.24 and 12,395.23. Check which one your bank uses.
What happens if I miss a deposit?
Most banks charge a small penalty for late deposits, and some may close the account after several missed ones. The calculator assumes every deposit is paid on time and does not include penalties.
Is RD interest taxable?
In many countries the interest counts as income and may be taxed, sometimes with tax deducted at source. Rules vary, so ask your bank or a tax adviser. The results here are before tax.
Is this an official bank calculator?
No. It is an independent estimator, and it is not connected with any bank or post office. Your bank's own figure is the one that counts.