SwiftCalcTools

RD Calculator — Recurring Deposit Calculator

Calculate maturity amount and interest on your Recurring Deposit (RD). Plan your monthly savings with accurate RD return estimates.

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By SwiftCalcTools Editorial Team · Formula verified

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How to Use RD Calculator

  1. 1Enter the required values in the input fields above.
  2. 2Click the Calculate button or results update instantly as you type.
  3. 3View your results in the output panel below the inputs.
  4. 4Adjust any values to recalculate instantly.

Frequently Asked Questions

An RD is a savings scheme where you deposit a fixed amount every month for a chosen tenure. The bank pays compound interest (quarterly) and you receive the accumulated amount at maturity. It's ideal for salaried individuals who want to save monthly.
RD interest is compounded quarterly in India as per RBI guidelines. The formula is: M = R × [(1+i)^n − 1] / [1 − (1+i)^(−1/3)], where i = quarterly rate and n = number of quarters. Each monthly instalment earns interest from the month of deposit.
Most banks offer RD tenures from 6 months to 10 years. The minimum monthly deposit is ₹100 in most banks. Post Office RD has a fixed 5-year tenure.
Yes, RD interest is taxable as per your income slab. TDS at 10% is deducted if total interest from all deposits at a bank exceeds ₹40,000 in a year (₹50,000 for senior citizens). Submit Form 15G/15H if your income is below the taxable limit.
Banks charge a penalty for missed instalments, typically ₹1-2 per ₹100 per month. If you miss 3 or more consecutive instalments, the bank may close the RD account prematurely.
RD offers guaranteed returns (6.5-7.5%) with capital protection, making it suitable for low-risk investors. SIP in equity mutual funds offers potentially higher long-term returns (10-15%) but with market risk. Choose RD for short-term goals and SIP for long-term wealth creation.