Run a conservative scenario before relying on the headline result.
Recurring Deposit Calculator
Estimate maturity from fixed monthly bank deposits. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
Projected value₹7.16 LUpdates instantly as you edit
Total invested / base₹6.00 L
Growth / cost₹1.16 L
Assumed annual rate7.00%
Projection journeyHover to inspect a year
This is an educational projection based on the assumptions entered above.
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Five smart nudges
Use the result with context.
Review the assumptions after any major change in income, rates or goals.
Keep emergency money separate from long-term investments.
Account for taxes, charges and inflation when comparing options.
Use this estimate to ask better questions, not as a return promise.
Understanding RD in India
Editorially reviewed 12 July 2026 · Rules and assumptions can change
Each RD instalment earns for a different period
A recurring deposit puts a fixed amount into a bank deposit each month. The first instalment earns for almost the full term; the last earns briefly. Treating total deposits as one day-one lump sum materially overstates maturity. This calculator compounds each monthly amount for its remaining period.
Actual banks may calculate quarterly interest with prescribed instalment dates and rounding. Enter the contracted rate and tenure from the deposit advice.
₹10,000 monthly is not a ₹6 lakh five-year FD
A five-year ₹10,000 RD contributes ₹6 lakh gradually. Its interest is lower than depositing ₹6 lakh at inception because capital arrives over 60 months. Compare RD with SIP only after recognising that bank return is contracted while mutual-fund return is market-linked.
A step-up field is a planning illustration; many bank RDs do not automatically increase. Implement rising savings with separate deposits if the product does not allow modification.
Tax, missed instalments and closure
RD interest is generally taxable under applicable rules, and TDS is not the final liability. Missed instalments can attract default charges; premature closure can change the rate and penalty. Some institutions may require regularisation before closure.
Keep the debit account funded around the due date and check whether holidays alter posting. A failed mandate can reduce both deposits and expected maturity.
RD planning checklist
Match maturity to a known expense, verify instalment date, interest convention, delay charge, premature rule, nomination and auto-renewal. Keep tax and emergency liquidity separate.
Compare post-tax maturity with inflation and a simple savings account or short deposit ladder. The bank’s statement is authoritative for actual value.
Official sources used for this guide
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
RD calculator FAQs
Why is RD interest lower than an equal day-one FD?
Most money arrives later and therefore compounds for fewer months.
Can an RD instalment rise annually?
Many contracts are fixed; verify whether the bank permits modification or requires a new RD.
Is RD interest taxable?
Generally yes under applicable rules; TDS does not determine final liability.
What if an instalment is missed?
Default charges and regularisation rules depend on the bank and product.
Is RD safer than an equity SIP?
Their risks differ: a bank RD has contracted deposit terms while an equity SIP has market-linked NAV risk.