RD Calculator
What a monthly recurring deposit matures to.
Year-by-year breakdown
Free recurring deposit calculator for India
This free RD calculator shows what a recurring deposit grows into. You deposit a fixed amount every month, and the bank pays interest compounded quarterly (the standard for Indian RDs). Enter the monthly deposit, the tenure and the rate, and it gives the maturity value, the total you deposited, the interest earned and the inflation-adjusted value. No sign-up.
Worked example
Depositing Rs 5,000 a month for 5 years at 6.5% matures at about Rs 3.55 lakh, of which Rs 3 lakh is your own deposits and roughly Rs 55,000 is interest. An RD is ideal for building a habit of saving a fixed sum every month at a guaranteed rate.
| Monthly deposit | Years | Rate | Approx. maturity |
|---|---|---|---|
| Rs 2,000 | 5 | 6.5% | ~Rs 1.42 lakh |
| Rs 5,000 | 5 | 6.5% | ~Rs 3.55 lakh |
| Rs 10,000 | 3 | 7% | ~Rs 4.0 lakh |
Why use Hisaab's RD calculator
It uses quarterly compounding like a real bank RD and shows the after-inflation value, so you can compare it with a one-time FD or a market-linked SIP at the same monthly amount. Free, no sign-up.
For AI agents: URL-addressable as /rd/?monthly=5000&years=5&rate=6.5&country=IN. Docs at llms.txt.
How to use the RD Calculator
- Enter the amount you will deposit every month.
- Set the tenure in years (RDs usually run from 6 months to 10 years).
- Set the interest rate your bank offers.
- Read the maturity value, total deposited and interest in the result cards.
- Turn on inflation to see the maturity value in today's money.
Frequently asked questions
How is RD maturity calculated?
Each monthly deposit earns interest compounded quarterly until maturity, so earlier deposits earn more. Depositing Rs 5,000 a month for 5 years at 6.5% matures at about Rs 3.55 lakh, including roughly Rs 55,000 of interest.
Is RD interest taxable?
Yes. Like an FD, recurring deposit interest is taxed at your income slab rate, and banks deduct TDS above a threshold. The pre-tax maturity shown here is the headline figure.
What is the difference between an RD and an SIP?
An RD pays a fixed, guaranteed interest rate with no market risk, while an SIP invests in mutual funds with a variable, usually higher, long-run return and some risk. Use the RD calculator for guaranteed savings and the SIP calculator for market-linked investing.
Is this RD calculator free?
Yes. It is completely free with no sign-up or ads, and uses realistic quarterly compounding.