RD Calculator
See what your monthly recurring deposit will grow to by the end of its term. Calculated in your browser.
Estimate only. Actual returns depend on your bank's rate; interest may be taxable. Your inputs never leave your device.
Estimate the maturity value of a recurring deposit, where you invest a fixed amount every month. Handy for planning disciplined monthly savings.
How to use
- Enter your monthly deposit, the annual interest rate, and the term in years.
- Calculate to see the maturity amount, total deposited, and interest earned.
Frequently asked questions
How does a recurring deposit work?
You deposit a fixed sum each month for a set term; each deposit earns interest (compounded quarterly in this tool) until maturity. Earlier deposits earn more because they stay invested longer.
Is RD better than FD?
They suit different needs: an FD is a one-time lump sum, an RD is regular monthly saving. RD is useful if you want to build the habit of saving without a large upfront amount.
Is the interest taxable?
Yes, RD interest is taxable and may attract TDS. The tool shows pre-tax maturity value.