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RD Calculator

Calculate Recurring Deposit maturity with monthly contributions and quarterly compounding

📝RD Details

₹

Min 6 months • Max 10 years

Typical: 6-7% (regular) • +0.5% for senior citizens

📊RD Returns

Total Deposits ₹1,80,000
Interest Earned ₹19,089
Tenure 3 years (36 months)
Effective Returns 10.6%
Maturity Amount
₹1,99,089
Interest is taxable as per income slab

Frequently Asked Questions

What is RD and how does it work? +
RD (Recurring Deposit) lets you deposit a fixed amount every month for a chosen tenure (6 months to 10 years). At maturity, you get principal + interest. Best for monthly savers who want assured returns. Each monthly deposit earns interest only for remaining tenure.
RD calculation formula explained +
Indian banks use: M = R × [((1+i)^n - 1) / (1 - (1+i)^(-1/3))], where R = monthly deposit, i = quarterly rate (annual rate/4/100), n = number of quarters. This is because banks compound quarterly.
Is RD interest taxable? +
Yes. RD interest is fully taxable as per your income tax slab. TDS @10% applies if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). Submit Form 15G/15H to avoid TDS if eligible.
RD vs SIP - which is better? +
RD: 6-7% guaranteed returns (taxable) - SAFE. SIP in mutual funds: 12-15% potential returns - MARKET RISK. For short-term safety (1-3 years), RD is best. For long-term wealth (5+ years), SIP gives much better returns. Consider both for balanced portfolio.
Can I miss an RD installment? +
Most banks allow 1-2 missed payments but charge a penalty (~₹1.5-2 per ₹100). After 6 missed payments, account may be auto-closed. Set up auto-debit to avoid this. Some banks offer flexible RDs where you can vary monthly amount.
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Important Financial Disclaimer

This calculator is for informational and educational purposes only. The results are estimates based on the inputs provided and should NOT be considered as financial, investment, tax, or legal advice.

  • 💼 Consult a qualified financial advisor, Chartered Accountant, or tax consultant before making any investment, tax, or financial decision based on these calculations.
  • 📊 Interest rates and tax rules change frequently — always verify current rates from official sources (RBI, EPFO, Income Tax Department, SEBI, banks) before investing.
  • 📈 Past performance does not guarantee future returns. Mutual funds, equity, and market-linked investments are subject to market risks.
  • 🏦 Bank/Government rates shown are indicative and may differ from your actual quoted rate. Confirm with your bank or financial institution before transaction.
  • 📋 Calculations may not include all charges like processing fees, GST, TDS, prepayment charges, late payment penalties, or other applicable costs.
  • ⚖️ Tax calculations are simplified estimates. Actual tax liability depends on your complete income profile, deductions, exemptions, and current laws.

By using this calculator, you acknowledge and agree that KaamKaTool.in, its owners, and developers are not liable for any financial loss, damage, or adverse outcomes resulting from decisions based on this information. Use at your own risk and discretion.