RD Calculator
Calculate maturity amount on your recurring deposit investments.
Results
Total invested
₹1.20 L
Interest earned
₹9.1K
Maturity amount
₹1.29 L
Effective return
7.58%
Track your RD investments in FlowTrack
Add your recurring deposits as assets in FlowTrack and see them as part of your total net worth alongside all your other investments.
Try FlowTrack free →This is an estimate for planning purposes only and does not constitute financial advice.
What is a Recurring Deposit and how does it work?
A Recurring Deposit (RD) lets you save a fixed amount every month and earn interest similar to a Fixed Deposit. It's ideal for salaried individuals who want to build a corpus gradually. Most banks in India offer RDs with quarterly compounding, just like FDs.
The maturity amount is calculated by summing the future value of each monthly deposit. Each deposit earns compound interest for the period from deposit date to maturity. For example, a ₹5,000/month RD for 2 years at 7% grows to approximately ₹1.30 lakh — earning around ₹10,000 in interest on a total investment of ₹1.20 lakh.
RD interest is taxable as per your income tax slab. TDS applies if annual interest exceeds ₹40,000 (₹50,000 for senior citizens). Post office RDs currently offer competitive rates and are government-backed, making them a popular choice for conservative investors.