Calculate recurring deposit maturity amount and interest earned. Free India RD calculator for all banks and post office.
A Recurring Deposit (RD) is a fixed deposit where you invest a fixed amount every month for a chosen tenure and earn guaranteed interest. RDs are the simplest, safest way for middle class Indians to build savings with monthly contributions — like a forced savings plan with guaranteed returns.
RDs are available at all banks, post offices, and NBFCs. Post Office RD currently offers 6.7% per annum, while bank RDs offer 5.5-7.5% depending on the bank and tenure. Senior citizens typically get 0.25-0.5% extra.
RD interest is calculated using quarterly compounding in most banks:
Maturity = Σ [Monthly deposit × (1 + r/12)^(remaining months)]
Where r = annual interest rate
Post Office RD uses a simpler formula:
A = P × (1+r/4)^(4n) applied to each monthly deposit
Example: ₹5,000/month RD for 24 months at 7% = Maturity ≈ ₹1,28,500
Total invested = ₹1,20,000 | Interest = ₹8,500
1. Enter monthly deposit amount — the fixed amount you will invest each month
2. Enter interest rate — check your bank's current RD rate (typically 6-7.5%)
3. Enter tenure in months — minimum 6 months, typically 12-60 months
4. Calculate to see maturity amount, total invested, and interest earned
• Guaranteed returns: No market risk — fixed interest locked at time of opening
• Flexible tenure: From 6 months to 10 years to match your goal timeline
• DICGC insured: Up to ₹5 lakh per bank is insured under DICGC
• Small amounts: Start with ₹100/month — perfect for building emergency fund
• Loan against RD: Most banks offer loans against RD at slightly above RD rate
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