Calculate recurring deposit maturity amount
RD Calculator is a comprehensive financial calculator designed to help you calculate recurring deposit maturity amount. Planning finances requires absolute precision; this calculator provides instant accurate projections for EMIs, compounding, loans, and investment portfolio returns.
Each monthly deposit earns interest, compounded quarterly, from the month it is deposited until maturity, and the maturity value is the sum of all deposits with their interest. For ₹5,000 a month at 6.8% for 5 years, you deposit ₹3,00,000 and the calculator shows about ₹3,57,771 at maturity. Banks may differ slightly in method.
At 6.8% with quarterly compounding, an RD of ₹5,000 a month for 5 years gives a maturity amount of about ₹3.58 lakh on total deposits of ₹3,00,000, so about ₹57,771 is interest. Your bank may pay a different rate, so enter the rate quoted for your tenure.
Banks generally charge a small penalty for a late or missed RD instalment and may close the account if several are missed, but the rules vary by bank. This calculator assumes every instalment is paid on time, so a missed payment means your actual maturity amount will be lower.
An RD gives a fixed interest rate agreed with the bank, so the maturity value is predictable. A SIP invests monthly in market-linked mutual funds, where returns are not guaranteed. RD suits safety-first, short or medium goals. SIP suits longer horizons where you can tolerate market swings.
In India, interest earned on an RD is generally taxable as income, and banks may deduct TDS above a threshold. Limits and rules change, so check the current rules. This calculator shows the maturity amount before any tax or TDS.
Banks may compound at different intervals, round interest by their own rules, or credit instalments on set dates. This calculator assumes quarterly compounding, which is common in India, and equal monthly deposits made on time. Small differences are normal, so confirm the exact figure with your bank.
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A reducing interest rate means interest is charged only on the remaining outstanding principal balance at the end of each period, rather than the initial loan amount.