RD Calculator
Free · Live calculation · Your data stays in your browser
RD Details
Disciplined monthly savings
Bank RDs: 6-7% · Post Office: 6.7%
Maturity Amount
₹3,55,284
After 60 monthly deposits
Total Deposited
₹3,00,000
Interest Earned
+₹55,284
Tenure
5 yrs
Insight
Saving ₹5,000/month for 5 years gives you ₹55,284 in interest. Note: this interest is fully taxable.
Pro Tip
- •RD interest is fully taxable - TDS applies if interest exceeds ₹40K (₹50K for seniors).
- •Best for short-term goals like vacation, wedding, education fees.
- •Premature withdrawal penalty is usually 1% lower interest.
- •Post Office RD often gives 0.5-1% higher rates than banks.
What is RD Calculator?
A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount monthly for a chosen period and earn interest similar to FD rates. RDs are perfect for disciplined monthly saving towards short-term goals like vacation, wedding, or buying a vehicle. Like FD, RD interest is fully taxable.
How to Use
- 1Enter your monthly deposit amount
- 2Set the interest rate (banks offer 6-7%)
- 3Choose tenure (typically 1-10 years)
- 4See total maturity value and interest earned
Formula
M = R × [(1+i)^n − 1] / [1 − (1+i)^(-1/3)]
Approximation: each monthly deposit compounds for remaining monthsFrequently Asked Questions
RD gives guaranteed returns but lower (6-7%). SIP in equity MFs is volatile but historically gives 10-15% over long term. For short-term goals (1-3 years), RD is safer. For 5+ years, equity SIP wins.